Governing the Future: Why AI Governance is the Next Big Market Opportunity

Webersnits20 Aug, 2024News

The global AI Governance Market size was worth $50 million in 2020. It is expected to grow at a compound annual growth rate (CAGR) of 65.5% during the forecast period. Various factors such as increase in government initiatives to leverage the AI technology, rise in need for building trust in AI systems and growth in demand for transparency in AI decisions, and growth in regulatory compliances around the technology are expected to drive the adoption of the AI governance solutions and services.