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AI Governance Market Growth Projections
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The global AI governance market is projected to grow at a CAGR of 35.6% from 2023 to 2030, driven by increasing regulatory and legal demands, industry-specific considerations, and the emergence of AI governance consulting services. The solution segment is expected to dominate the market, with the on-premises segment leading in 2022. Large enterprises currently dominate the market, while the development of AI governance for small- and medium-sized businesses is anticipated to be rapid.
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How can governments and regulatory bodies ensure effective implementation of AI governance to address the challenges associated with AI adoption?
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What are the potential implications of the projected growth in the AI governance market for the development of AI-powered products and services?
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