The global AI governance market is anticipated to grow at a CAGR of 41.6% during the forecast period (2023-2030). AI governance ensures that AI algorithms are fair and unbiased, transparent and understandable, and adhere to data privacy regulations and maintain data security. It involves identifying and mitigating biases in training data and algorithms, providing explanations for AI decisions, and protecting sensitive data used by AI models. The market’s growth is attributed to the increasing adoption of AI-based solutions and services around the globe. Furthermore, the market is witnessing a significant rise in the requirement of projects such as AWS Generative AI Innovation Center is being driven by the continuous development in the usage of AI technology across numerous industries. Businesses aspire to maximize AI's promise while encouraging ethical and responsible AI development.
Browse the full report description of “Artificial Intelligence (AI) Governance Market Size, Share & Trends Analysis Report by Component (Solution, and Services), by Deployment Mode (Cloud, and On-Premises), by Organization Size (Large Enterprises, and Small and Medium-Sized Enterprises (SMEs)), and by Vertical (BFSI, Government and Defense, Healthcare and Life Sciences, Media and Entertainment, Retail Sector, Automotive, and Others) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/ai-governance-market
Hence, propelling the market players to adopt various R&D activities in order to cater to the rising demand for AWS generative AI innovation center. For instance, in June 2023, Amazon Web Services, Inc. launched a new initiative to assist customers in effectively developing and deploying generative artificial intelligence (AI) solutions termed the AWS Generative AI Innovation Center. AWS is invested $100 million in a program that pairs its machine learning (ML) and artificial intelligence (AI) professionals with clients all around the globe to assist with the conception, creation, and introduction of new generative AI products, services, and procedures. It's only one aspect of AWS's larger generative AI plan to deliver the technology to customers and partners throughout the globe, that draws on more than 25 years of significant investment in creating AI technologies for customers.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Component
o By Deployment Mode
o By Organization Size
o By Vertical
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Credo AI, Facebook, Inc., FICO, H2O.ai, Inc., IBM Corp., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global AI Governance Market Report Segment
By Component
By Deployment Mode
By Organization Size
By Vertical
Global AI Governance Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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