The North America AI Governance Market would 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 would 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.
Free Valuable Insights: The Global AI Governance Market is Estimated to reach $562.9 Million by 2028, at a CAGR of 34.5%
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
Market Segments Covered in the Report:
By Component
By Vertical
- BFSI
- Healthcare & Lifesciences
- Media & Entertainment
- IT & Telecom
- Retail
- Government
- Automotive
- Others
By Organization size
By Deployment Mode
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
Chapter 1. Market Scope & Methodology
1.1 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 KBV 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
TABLE 1 North America AI Governance Market, 2018 - 2021, USD Thousands
TABLE 2 North America AI Governance Market, 2022 - 2028, USD Thousands
TABLE 3 Partnerships, Collaborations and Agreements– AI Governance Market
TABLE 4 Product Launches And Product Expansions– AI Governance Market
TABLE 5 Acquisition and Mergers– AI Governance Market
TABLE 6 North America AI Governance Market by Component, 2018 - 2021, USD Thousands
TABLE 7 North America AI Governance Market by Component, 2022 - 2028, USD Thousands
TABLE 8 North America Solution Market by Country, 2018 - 2021, USD Thousands
TABLE 9 North America Solution Market by Country, 2022 - 2028, USD Thousands
TABLE 10 North America Services Market by Country, 2018 - 2021, USD Thousands
TABLE 11 North America Services Market by Country, 2022 - 2028, USD Thousands
TABLE 12 North America AI Governance Market by Vertical, 2018 - 2021, USD Thousands
TABLE 13 North America AI Governance Market by Vertical, 2022 - 2028, USD Thousands
TABLE 14 North America BFSI Market by Country, 2018 - 2021, USD Thousands
TABLE 15 North America BFSI Market by Country, 2022 - 2028, USD Thousands
TABLE 16 North America Healthcare & Lifesciences Market by Country, 2018 - 2021, USD Thousands
TABLE 17 North America Healthcare & Lifesciences Market by Country, 2022 - 2028, USD Thousands
TABLE 18 North America Media & Entertainment Market by Country, 2018 - 2021, USD Thousands
TABLE 19 North America Media & Entertainment Market by Country, 2022 - 2028, USD Thousands
TABLE 20 North America IT & Telecom Market by Country, 2018 - 2021, USD Thousands
TABLE 21 North America IT & Telecom Market by Country, 2022 - 2028, USD Thousands
TABLE 22 North America Retail Market by Country, 2018 - 2021, USD Thousands
TABLE 23 North America Retail Market by Country, 2022 - 2028, USD Thousands
TABLE 24 North America Government Market by Country, 2018 - 2021, USD Thousands
TABLE 25 North America Government Market by Country, 2022 - 2028, USD Thousands
TABLE 26 North America Automotive Market by Country, 2018 - 2021, USD Thousands
TABLE 27 North America Automotive Market by Country, 2022 - 2028, USD Thousands
TABLE 28 North America Other Vertical Market by Country, 2018 - 2021, USD Thousands
TABLE 29 North America Other Vertical Market by Country, 2022 - 2028, USD Thousands
TABLE 30 North America AI Governance Market by Organization size, 2018 - 2021, USD Thousands
TABLE 31 North America AI Governance Market by Organization size, 2022 - 2028, USD Thousands
TABLE 32 North America Large Enterprises Market by Country, 2018 - 2021, USD Thousands
TABLE 33 North America Large Enterprises Market by Country, 2022 - 2028, USD Thousands
TABLE 34 North America SMEs Market by Country, 2018 - 2021, USD Thousands
TABLE 35 North America SMEs Market by Country, 2022 - 2028, USD Thousands
TABLE 36 North America AI Governance Market by Deployment Mode, 2018 - 2021, USD Thousands
TABLE 37 North America AI Governance Market by Deployment Mode, 2022 - 2028, USD Thousands
TABLE 38 North America On-premise Market by Country, 2018 - 2021, USD Thousands
TABLE 39 North America On-premise Market by Country, 2022 - 2028, USD Thousands
TABLE 40 North America Cloud Market by Country, 2018 - 2021, USD Thousands
TABLE 41 North America Cloud Market by Country, 2022 - 2028, USD Thousands
TABLE 42 North America AI Governance Market by Country, 2018 - 2021, USD Thousands
TABLE 43 North America AI Governance Market by Country, 2022 - 2028, USD Thousands
TABLE 44 US AI Governance Market, 2018 - 2021, USD Thousands
TABLE 45 US AI Governance Market, 2022 - 2028, USD Thousands
TABLE 46 US AI Governance Market by Component, 2018 - 2021, USD Thousands
TABLE 47 US AI Governance Market by Component, 2022 - 2028, USD Thousands
TABLE 48 US AI Governance Market by Vertical, 2018 - 2021, USD Thousands
TABLE 49 US AI Governance Market by Vertical, 2022 - 2028, USD Thousands
TABLE 50 US AI Governance Market by Organization size, 2018 - 2021, USD Thousands
TABLE 51 US AI Governance Market by Organization size, 2022 - 2028, USD Thousands
TABLE 52 US AI Governance Market by Deployment Mode, 2018 - 2021, USD Thousands
TABLE 53 US AI Governance Market by Deployment Mode, 2022 - 2028, USD Thousands
TABLE 54 Canada AI Governance Market, 2018 - 2021, USD Thousands
TABLE 55 Canada AI Governance Market, 2022 - 2028, USD Thousands
TABLE 56 Canada AI Governance Market by Component, 2018 - 2021, USD Thousands
TABLE 57 Canada AI Governance Market by Component, 2022 - 2028, USD Thousands
TABLE 58 Canada AI Governance Market by Vertical, 2018 - 2021, USD Thousands
TABLE 59 Canada AI Governance Market by Vertical, 2022 - 2028, USD Thousands
TABLE 60 Canada AI Governance Market by Organization size, 2018 - 2021, USD Thousands
TABLE 61 Canada AI Governance Market by Organization size, 2022 - 2028, USD Thousands
TABLE 62 Canada AI Governance Market by Deployment Mode, 2018 - 2021, USD Thousands
TABLE 63 Canada AI Governance Market by Deployment Mode, 2022 - 2028, USD Thousands
TABLE 64 Mexico AI Governance Market, 2018 - 2021, USD Thousands
TABLE 65 Mexico AI Governance Market, 2022 - 2028, USD Thousands
TABLE 66 Mexico AI Governance Market by Component, 2018 - 2021, USD Thousands
TABLE 67 Mexico AI Governance Market by Component, 2022 - 2028, USD Thousands
TABLE 68 Mexico AI Governance Market by Vertical, 2018 - 2021, USD Thousands
TABLE 69 Mexico AI Governance Market by Vertical, 2022 - 2028, USD Thousands
TABLE 70 Mexico AI Governance Market by Organization size, 2018 - 2021, USD Thousands
TABLE 71 Mexico AI Governance Market by Organization size, 2022 - 2028, USD Thousands
TABLE 72 Mexico AI Governance Market by Deployment Mode, 2018 - 2021, USD Thousands
TABLE 73 Mexico AI Governance Market by Deployment Mode, 2022 - 2028, USD Thousands
TABLE 74 Rest of North America AI Governance Market, 2018 - 2021, USD Thousands
TABLE 75 Rest of North America AI Governance Market, 2022 - 2028, USD Thousands
TABLE 76 Rest of North America AI Governance Market by Component, 2018 - 2021, USD Thousands
TABLE 77 Rest of North America AI Governance Market by Component, 2022 - 2028, USD Thousands
TABLE 78 Rest of North America AI Governance Market by Vertical, 2018 - 2021, USD Thousands
TABLE 79 Rest of North America AI Governance Market by Vertical, 2022 - 2028, USD Thousands
TABLE 80 Rest of North America AI Governance Market by Organization size, 2018 - 2021, USD Thousands
TABLE 81 Rest of North America AI Governance Market by Organization size, 2022 - 2028, USD Thousands
TABLE 82 Rest of North America AI Governance Market by Deployment Mode, 2018 - 2021, USD Thousands
TABLE 83 Rest of North America AI Governance Market by Deployment Mode, 2022 - 2028, USD Thousands
TABLE 84 key information – Microsoft Corporation
TABLE 85 Key Information – Google LLC
TABLE 86 Key information – IBM Corporation
TABLE 87 Key Information – SAP SE
TABLE 88 Key Information – Amazon Web Services, Inc.
TABLE 89 Key Information –Salesforce.com, Inc.
TABLE 90 Key Information – Meta Platforms, Inc.
TABLE 91 Key information – SAS Institute, Inc.
TABLE 92 Key information – Tibco Software, Inc.
TABLE 93 key information – QlikTech International AB
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2018, Apr – 2022, SEp) Leading Players
FIG 6 Recent strategies and developments: Microsoft Corporation
FIG 7 SWOT Analysis: Microsoft Corporation
FIG 8 Recent strategies and developments: Google LLC (Alphabet Inc.)
FIG 9 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 10 Recent strategies and developments: IBM Corporation
FIG 11 Swot analysis: IBM Corporation
FIG 12 SWOT Analysis: SAP SE
FIG 13 SWOT analysis: Amazon.com, Inc.
FIG 14 SWOT Analysis: Salesforce.com Inc.