The North America AI Governance Market should witness market growth of 33.0% CAGR during the forecast period (2022-2028).
Every industry is being disrupted by artificial intelligence. This highlights the importance of winning people's trust and being open and honest about how machine learning algorithms gather and assess data. AI transparency becomes a crucial concern in highly regulated areas like the BFSI, automotive, and healthcare sectors, where the likelihood of abuse is considerable. As a result, corporations are putting more effort into developing effective governance systems, which will fuel the development of the AI governance industry in the years to come.
Rising government efforts worldwide have boosted AI technology, which has helped the industry grow. The US military and other businesses can now deploy AI systems in a morally and legally compliant manner, which has assisted the industry in developing. The government announced adopting AI ethical standards in keeping with the Department of Defense's AI strategic target. Additionally, there has been a growth in the use of AI technology across a wide range of industries to automate different industrial processes, which would lower production costs, speed up efficient decision-making, and provide an advantage in the face of fierce competition. A significant increase in the use of AI tools by different firms has been seen, demonstrating how AI technology can meet administrative demands.
One of the first to use AI technology, the North American area is anticipated to provide the most potential in this industry. For example, the United States National AI R&D Plan has advocated the creation of an AI R&D implementation framework to assist firms nationwide in integrating ethical issues into the R&D while maintaining public participation and improved organization marketing. Additionally, the American government is aggressively implementing AI Governance measures. For example, following the Department of Defense AI strategic aim, the government announced the adoption of AI ethical standards, easing the moral and legal use of AI systems by the US military and related companies. Over the anticipated time, all of these elements would boost regional market expansion.
The US market dominated the North America AI Governance Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $148,054.1 Thousands by 2028. The Canada market is poised to grow at a CAGR of 36% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 34.8% 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 U.S., Mexico, Canada, and Rest of North America.
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.
Every industry is being disrupted by artificial intelligence. This highlights the importance of winning people's trust and being open and honest about how machine learning algorithms gather and assess data. AI transparency becomes a crucial concern in highly regulated areas like the BFSI, automotive, and healthcare sectors, where the likelihood of abuse is considerable. As a result, corporations are putting more effort into developing effective governance systems, which will fuel the development of the AI governance industry in the years to come.
Rising government efforts worldwide have boosted AI technology, which has helped the industry grow. The US military and other businesses can now deploy AI systems in a morally and legally compliant manner, which has assisted the industry in developing. The government announced adopting AI ethical standards in keeping with the Department of Defense's AI strategic target. Additionally, there has been a growth in the use of AI technology across a wide range of industries to automate different industrial processes, which would lower production costs, speed up efficient decision-making, and provide an advantage in the face of fierce competition. A significant increase in the use of AI tools by different firms has been seen, demonstrating how AI technology can meet administrative demands.
One of the first to use AI technology, the North American area is anticipated to provide the most potential in this industry. For example, the United States National AI R&D Plan has advocated the creation of an AI R&D implementation framework to assist firms nationwide in integrating ethical issues into the R&D while maintaining public participation and improved organization marketing. Additionally, the American government is aggressively implementing AI Governance measures. For example, following the Department of Defense AI strategic aim, the government announced the adoption of AI ethical standards, easing the moral and legal use of AI systems by the US military and related companies. Over the anticipated time, all of these elements would boost regional market expansion.
The US market dominated the North America AI Governance Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $148,054.1 Thousands by 2028. The Canada market is poised to grow at a CAGR of 36% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 34.8% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America AI Governance Market, by Component
1.4.2 North America AI Governance Market, by Vertical
1.4.3 North America AI Governance Market, by Organization size
1.4.4 North America AI Governance Market, by Deployment Mode
1.4.5 North America 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. North America AI Governance Market by Component
4.1 North America Solution Market by Country
4.2 North America Services Market by Country
Chapter 5. North America AI Governance Market by Vertical
5.1 North America BFSI Market by Country
5.2 North America Healthcare & Lifesciences Market by Country
5.3 North America Media & Entertainment Market by Country
5.4 North America IT & Telecom Market by Country
5.5 North America Retail Market by Country
5.6 North America Government Market by Country
5.7 North America Automotive Market by Country
5.8 North America Other Vertical Market by Country
Chapter 6. North America AI Governance Market by Organization size
6.1 North America Large Enterprises Market by Country
6.2 North America SMEs Market by Country
Chapter 7. North America AI Governance Market by Deployment Mode
7.1 North America On-premise Market by Country
7.2 North America Cloud Market by Country
Chapter 8. North America AI Governance Market by Country
8.1 US AI Governance Market
8.1.1 US AI Governance Market by Component
8.1.2 US AI Governance Market by Vertical
8.1.3 US AI Governance Market by Organization size
8.1.4 US AI Governance Market by Deployment Mode
8.2 Canada AI Governance Market
8.2.1 Canada AI Governance Market by Component
8.2.2 Canada AI Governance Market by Vertical
8.2.3 Canada AI Governance Market by Organization size
8.2.4 Canada AI Governance Market by Deployment Mode
8.3 Mexico AI Governance Market
8.3.1 Mexico AI Governance Market by Component
8.3.2 Mexico AI Governance Market by Vertical
8.3.3 Mexico AI Governance Market by Organization size
8.3.4 Mexico AI Governance Market by Deployment Mode
8.4 Rest of North America AI Governance Market
8.4.1 Rest of North America AI Governance Market by Component
8.4.2 Rest of North America AI Governance Market by Vertical
8.4.3 Rest of North America AI Governance Market by Organization size
8.4.4 Rest of North America 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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