According to the latest report by IMARC Group, titled “AI Governance Market by Component (Solution, Services), Deployment Mode (On-premises, Cloud-based), Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises (SMEs)), Industry Vertical (BFSI, Government and Defense, Healthcare and Life Sciences, Media and Entertainment, Retail, IT and Telecom, Automotive, and Others), and Region 2025-2033” the global AI governance market size reached USD 258.3 Million in 2024. Artificial intelligence (AI) governance refers to the set of policies, regulations, and practices put in place to ensure responsible and ethical use of artificial intelligence (AI) technologies. It is a critical aspect of managing AI systems and their impact on society. It aims to address various concerns related to AI, including privacy, bias, transparency, accountability, and security. It also establishes ethical principles that AI developers and users should adhere to, ensuring that AI technologies are designed and used in ways that do not harm individuals or discriminate against certain groups.
Global AI Governance Market Trends:
At present, the widespread adoption of AI technologies across various industries is leading to the increasing awareness about the need for governance to address ethical, legal, and operational challenges. Besides this, the rising consciousness about ethical issues related to AI, such as bias, discrimination, and privacy violations, is catalyzing the demand for governance frameworks to ensure responsible AI development and deployment. In addition, the growing concerns among consumers and the public about the implications of AI on privacy and safety are prompting companies to prioritize AI governance to maintain trust and reputation. Moreover, organizations are recognizing the importance of AI governance in mitigating risks associated with AI, such as legal liabilities and financial losses. Additionally, many companies are embracing corporate social responsibility (CSR) principles and implementing AI governance that aligns with their commitment to ethical and responsible business practices. Looking forward, the market value is projected to reach USD 4,307.9 Million by 2033, expanding at a CAGR of 36.71% during 2025-2033.
Market Summary:
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report | Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
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Components Covered | Solution, Services |
Deployment Modes Covered | On-premises, Cloud-based |
Enterprise Sizes Covered | Large Enterprises, Small and Medium-sized Enterprises (SMEs) |
Industry Verticals Covered | BFSI, Government and Defense, Healthcare and Life Sciences, Media and Entertainment, Retail, IT and Telecom, Automotive, Others |
Regions Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Atos SE, Dataiku, FICO Inc., Google LLC (Alphabet Inc.), H2O.ai Inc., Informatica Inc., International Business Machines Corporation, NTT DATA Corporation (Nippon Telegraph and Telephone Corporation), SAP SE, SAS Institute Inc., etc. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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