The Asia Pacific AI Governance Market should witness market growth of 35.7% CAGR during the forecast period (2022-2028).
Several government organizations, academic institutions, and vendors of AI solutions are doing an in-depth study to create a suitable ethical standard for AI technology. Over the years, numerous principles and guidelines have been established by government agencies, professional organizations, regulatory systems, and AI businesses.
These guidelines serve as a foundation for developing robust AI regulations and help identify the key ethical issues that must be addressed. Catboats, machine learning, and other AI-enabled technologies also enhance fraud detection, risk mitigation, and back-end office labor with hundreds of workers handling client requests, which accelerates Market growth. Furthermore, according to the firms, observability for managing app workloads across public, private, hybrid, and multi-cloud systems was provided by a mix of AI, machine learning, and data analytics.
Demand for managed cloud and professional services has increased, especially in countries like Japan with an established cloud ecosystem. Businesses operating across various end-user sectors are gradually using these technologies to understand the demands of their customers and ensure that their existing goods are in accordance with those needs to stay one step ahead of the competition. 94,384 rural cooperative banks, 1,542 urban cooperative banks, 18 public sector banks, 22 private sector banks, 53 regional rural banks, 18 private sector banks, and 46 foreign banks were all present in India as of September 2019. Public sector banks had 61.21% of total banking assets in FY19. In FY19, the total assets of the public and private banking sectors were $741.79 billion and $1,422.97 billion, respectively. This supports the growth of the regional market.
The China market dominated the Asia Pacific AI Governance Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $44,077.9 Thousands by 2028. The Japan market is estimated to grow a CAGR of 34.9% during (2022-2028). Additionally, The India market would exhibit a CAGR of 36.5% during (2022-2028).
Based on Component, the market is segmented into Solution and Services. Based on Vertical, the market is segmented into BFSI, Healthcare & Lifesciences, Media & Entertainment, IT & Telecom, Retail, Government, Automotive and Others. Based on Organization size, the market is segmented into Large Enterprises and SMEs. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Google LLC (Alphabet Inc.), IBM Corporation, SAP SE, Amazon Web Services, Inc. (Amazon.com, Inc.), Salesforce.com, Inc., Meta Platforms, Inc., SAS Institute, Inc., Tibco Software, Inc. (Vista Equity Partners), and QlikTech International AB.
Several government organizations, academic institutions, and vendors of AI solutions are doing an in-depth study to create a suitable ethical standard for AI technology. Over the years, numerous principles and guidelines have been established by government agencies, professional organizations, regulatory systems, and AI businesses.
These guidelines serve as a foundation for developing robust AI regulations and help identify the key ethical issues that must be addressed. Catboats, machine learning, and other AI-enabled technologies also enhance fraud detection, risk mitigation, and back-end office labor with hundreds of workers handling client requests, which accelerates Market growth. Furthermore, according to the firms, observability for managing app workloads across public, private, hybrid, and multi-cloud systems was provided by a mix of AI, machine learning, and data analytics.
Demand for managed cloud and professional services has increased, especially in countries like Japan with an established cloud ecosystem. Businesses operating across various end-user sectors are gradually using these technologies to understand the demands of their customers and ensure that their existing goods are in accordance with those needs to stay one step ahead of the competition. 94,384 rural cooperative banks, 1,542 urban cooperative banks, 18 public sector banks, 22 private sector banks, 53 regional rural banks, 18 private sector banks, and 46 foreign banks were all present in India as of September 2019. Public sector banks had 61.21% of total banking assets in FY19. In FY19, the total assets of the public and private banking sectors were $741.79 billion and $1,422.97 billion, respectively. This supports the growth of the regional market.
The China market dominated the Asia Pacific AI Governance Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $44,077.9 Thousands by 2028. The Japan market is estimated to grow a CAGR of 34.9% during (2022-2028). Additionally, The India market would exhibit a CAGR of 36.5% during (2022-2028).
Based on Component, the market is segmented into Solution and Services. Based on Vertical, the market is segmented into BFSI, Healthcare & Lifesciences, Media & Entertainment, IT & Telecom, Retail, Government, Automotive and Others. Based on Organization size, the market is segmented into Large Enterprises and SMEs. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Google LLC (Alphabet Inc.), IBM Corporation, SAP SE, Amazon Web Services, Inc. (Amazon.com, Inc.), Salesforce.com, Inc., Meta Platforms, Inc., SAS Institute, Inc., Tibco Software, Inc. (Vista Equity Partners), and QlikTech International AB.
Scope of the Study
By Component
- Solution
- Services
By Vertical
- BFSI
- Healthcare & Lifesciences
- Media & Entertainment
- IT & Telecom
- Retail
- Government
- Automotive
- Others
By Organization size
- Large Enterprises
- SMEs
By Deployment Mode
- On-premise
- Cloud
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Microsoft Corporation
- Google LLC (Alphabet Inc.)
- IBM Corporation
- SAP SE
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Salesforce.com, Inc.
- Meta Platforms, Inc.
- SAS Institute, Inc.
- Tibco Software, Inc. (Vista Equity Partners)
- QlikTech International AB
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific AI Governance Market, by Component
1.4.2 Asia Pacific AI Governance Market, by Vertical
1.4.3 Asia Pacific AI Governance Market, by Organization size
1.4.4 Asia Pacific AI Governance Market, by Deployment Mode
1.4.5 Asia Pacific AI Governance Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Analyst's Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2018, Apr - 2022, Sep) Leading Players
Chapter 4. Asia Pacific AI Governance Market by Component
4.1 Asia Pacific Solution Market by Country
4.2 Asia Pacific Services Market by Country
Chapter 5. Asia Pacific AI Governance Market by Vertical
5.1 Asia Pacific BFSI Market by Country
5.2 Asia Pacific Healthcare & Lifesciences Market by Country
5.3 Asia Pacific Media & Entertainment Market by Country
5.4 Asia Pacific IT & Telecom Market by Country
5.5 Asia Pacific Retail Market by Country
5.6 Asia Pacific Government Market by Country
5.7 Asia Pacific Automotive Market by Country
5.8 Asia Pacific Other Vertical Market by Country
Chapter 6. Asia Pacific AI Governance Market by Organization size
6.1 Asia Pacific Large Enterprises Market by Country
6.2 Asia Pacific SMEs Market by Country
Chapter 7. Asia Pacific AI Governance Market by Deployment Mode
7.1 Asia Pacific On-premise Market by Country
7.2 Asia Pacific Cloud Market by Country
Chapter 8. Asia Pacific AI Governance Market by Country
8.1 China AI Governance Market
8.1.1 China AI Governance Market by Component
8.1.2 China AI Governance Market by Vertical
8.1.3 China AI Governance Market by Organization size
8.1.4 China AI Governance Market by Deployment Mode
8.2 Japan AI Governance Market
8.2.1 Japan AI Governance Market by Component
8.2.2 Japan AI Governance Market by Vertical
8.2.3 Japan AI Governance Market by Organization size
8.2.4 Japan AI Governance Market by Deployment Mode
8.3 India AI Governance Market
8.3.1 India AI Governance Market by Component
8.3.2 India AI Governance Market by Vertical
8.3.3 India AI Governance Market by Organization size
8.3.4 India AI Governance Market by Deployment Mode
8.4 South Korea AI Governance Market
8.4.1 South Korea AI Governance Market by Component
8.4.2 South Korea AI Governance Market by Vertical
8.4.3 South Korea AI Governance Market by Organization size
8.4.4 South Korea AI Governance Market by Deployment Mode
8.5 Singapore AI Governance Market
8.5.1 Singapore AI Governance Market by Component
8.5.2 Singapore AI Governance Market by Vertical
8.5.3 Singapore AI Governance Market by Organization size
8.5.4 Singapore AI Governance Market by Deployment Mode
8.6 Malaysia AI Governance Market
8.6.1 Malaysia AI Governance Market by Component
8.6.2 Malaysia AI Governance Market by Vertical
8.6.3 Malaysia AI Governance Market by Organization size
8.6.4 Malaysia AI Governance Market by Deployment Mode
8.7 Rest of Asia Pacific AI Governance Market
8.7.1 Rest of Asia Pacific AI Governance Market by Component
8.7.2 Rest of Asia Pacific AI Governance Market by Vertical
8.7.3 Rest of Asia Pacific AI Governance Market by Organization size
8.7.4 Rest of Asia Pacific AI Governance Market by Deployment Mode
Chapter 9. Company Profiles
9.1 Microsoft Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Google LLC (Alphabet Inc.)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.5.3 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 IBM Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional & Segmental Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Product Launches and Product Expansions:
9.3.5.2 Acquisition and Mergers:
9.3.5.3 Geographical Expansions:
9.3.6 SWOT Analysis
9.4 SAP SE
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 Amazon Web Services, Inc. (Amazon.com, Inc.)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental Analysis
9.5.4 Recent strategies and developments:
9.5.4.1 Partnerships, Collaborations, and Agreements:
9.5.5 SWOT Analysis
9.6 Salesforce.com, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.6 SWOT Analysis
9.7 Meta Platforms, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.8 SAS Institute, Inc.
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.9 Tibco Software, Inc. (Vista Equity Partners)
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Product Launches and Product Expansions:
9.10. QlikTech International AB
9.10.1 Company Overview
Companies Mentioned
- Microsoft Corporation
- Google LLC (Alphabet Inc.)
- IBM Corporation
- SAP SE
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Salesforce.com, Inc.
- Meta Platforms, Inc.
- SAS Institute, Inc.
- Tibco Software, Inc. (Vista Equity Partners)
- QlikTech International AB
Methodology
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