Artificial Intelligence (AI) Governance Market CAGR of 61.30% during the forecast period of 2022-2029.

 

Artificial Intelligence (AI) Governance Market Analysis and Size

Various industries can use AI governance to develop online and offline capabilities such as real-time offer management, automated checkout systems, and improved behaviour analytics. The demand for AI governance from data science applications has also increased significantly in recent years, owing to its use in data governance, process optimization, training, and other areas.

Data Bridge Market Research analyses that the artificial intelligence (AI) governance market which was growing at a value of 564.3 million in 2021 and is expected to reach the value of USD 25,857.41 million by 2029, at a CAGR of 61.30% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Artificial intelligence (AI) governance is the idea that a legal framework should be in place to ensure that machine learning (ML) techniques are thoroughly researched and developed in order for mankind to operate in a reasonable manner through the use of AI systems. Artificial intelligence (AI) governance seeks to bridge the gap between technological advancement and accountability by addressing issues such as notification rights and potential violations.

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