Global Artificial Intelligence (AI) Government Market Size, Trends and Growth Opportunity, By Component (Solutions, Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, Others), By Function (Training, Inference) By Deployment Type (On-Premises, Cloud, Hybrid), By Vertical (BFSI, Healthcare and Life Sciences, Government and Defence, Media and Entertainment, Telecom, Retail, Automotive, Others), By Region and Forecast Till 2027.
Report ID : IR100246 | Industries : Energy & Power | Published On :May 2024 | Page Count : 159
Global Artificial Intelligence (AI) Government Market Size, Trends and Growth Opportunity, By Component (Solutions, Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, Others), By Function (Training, Inference) By Deployment Type (On-Premises, Cloud, Hybrid), By Vertical (BFSI, Healthcare and Life Sciences, Government and Defence, Media and Entertainment, Telecom, Retail, Automotive, Others), By Region and Forecast Till 2027.
Global Artificial Intelligence (AI) Government Market
The Global Artificial Intelligence (AI) Government Market was valued at US$ 565.42 million in 2021 and it is expected to reach at US$21,857.40 million in 2027 at a CAGR of 61.2% during forecast period 2022-2027.
The concept of artificial intelligence (AI) governance maintains that a legal framework needs to be in place to guarantee that machine learning (ML) techniques are carefully investigated and improved in order for mankind to function in an acceptable manner through the use of AI systems. By addressing concerns like notification rights and potential violations, artificial intelligence (AI) governance aims to close the gap between technical growth and responsibility.
Market Drivers
The market for AI Governance is being driven by the growing requirement for establishing trust in AI systems and the expanding demand for transparency in AI choices globally. Vendors of AI governance are increasingly focusing on machine learning algorithms and deep learning frameworks, as well as cloud solutions and services. The market for AI governance is being driven forward by such important causes. The market for AI governance is increasing as a result of the ongoing development and application of AI governance solutions to determine the most efficient method of achieving organizational objectives.
Market Restraints
The adoption of comprehensive ethical standards for AI and significant investment costs will restrain the market for artificial intelligence (AI) governance. The development of the artificial intelligence (AI) governance sector would also be hampered by a lack of knowledge and competence in this field.
Market Segmentation
The global artificial intelligence (AI) governance market segmented into component, technology, function, deployment type and vertical. By component it segmented into solutions, services. By technology it segmented into computer vision, machine learning, natural language processing, others. By function it segmented into training, inference. By deployment type it segmented into on-premises, cloud, hybrid. By vertical it segmented into BFSI, healthcare and life sciences, government and defence, media and entertainment, telecom, retail, automotive, others.
Regional Analysis
The global artificial intelligence (AI) governance market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. Due to a variety of advancements brought on by AI governance, Europe is predicted to grow at the fastest rate during the projected period. The region's adoption of AI-powered services is anticipated to increase as a result of the expanding ethical concerns surrounding AI technology and the growing demand for a legislative framework to guarantee that the ML algorithm is created for the benefit of humanity.
Key Players
Various key players are listed in this report such as IBM Corporation (U.S.), Microsoft (U.S.), Siemens AG (Germany), ANSYS, Inc. (U.S.), SAP SE (Germany), Oracle (U.S.), Robert Bosch GmbH (Germany), Swim.ai, Inc. (U.S.)., Atos S.E. (France), ABB (Switzerland).
Market Taxonomy
By Component
• Solutions
• Services
By Technology
• Computer Vision
• Machine Learning
• Natural Language Processing
• Others
By Function
• Training
• Inference
By Deployment Type
• On-Premises
• Cloud
• Hybrid
By Vertical
• BFSI
• Healthcare And Life Sciences
• Government And Defence
• Media And Entertainment
• Telecom
• Retail
• Automotive
• Others
Key Question Addressed by the Report
• What are the Key Opportunities in Global Artificial Intelligence (AI) Government Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
• What is the competitive Landscape in the industry?
Global Artificial Intelligence (AI) Government Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Artificial Intelligence (AI) Government Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Artificial Intelligence (AI) Government Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Artificial Intelligence (AI) Government Market Share Analysis, By Component
5.3 Global Artificial Intelligence (AI) Government Market Size and Forecast, By Component
5.3.1 Software
5.3.2 Services
6 Global Artificial Intelligence (AI) Government Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global Artificial Intelligence (AI) Government Market Share Analysis, By Technology
6.3 Global Artificial Intelligence (AI) Government Market Size and Forecast, By Technology
6.3.1 Computer Vision
6.3.2 Machine Learning
6.3.3 Natural Language Processing
7 Global Artificial Intelligence (AI) Government Market, By Function
7.1 Y-o-Y Growth Comparison, By Function
7.2 Global Artificial Intelligence (AI) Government Market Share Analyses, By Function
7.3 Global Artificial Intelligence (AI) Government Market Share Analysis, By Function
7.3.1 Training
7.3.2 Inference
8 Global Artificial Intelligence (AI) Government Market, By Deployment Type
8.1 Y-o-Y Growth Comparison, By Deployment Type
8.2 Global Artificial Intelligence (AI) Government Market Share Analysis, By Deployment Type
8.3 Global Artificial Intelligence (AI) Government Valve Market Size and Forecast, By Deployment Type
8.3.1 On-Premises
8.3.2 Cloud
8.3.3 Hybrid
9 Global Artificial Intelligence (AI) Government Market, By Vertical
9.1 Y-o-Y Growth Comparisons, By Vertical
9.2 Global Artificial Intelligence (AI) Government Market Share Analysis, By Vertical
9.3 Global Artificial Intelligence (AI) Government Valve Market Size and Forecast, By Vertical
9.3.1 BFSI
9.3.2 Healthcare and Life Sciences
9.3.3 Government and Defence
9.3.4 Media and Entertainment
9.3.5 Telecom
9.3.6 Retail
9.3.7 Automotive
9.3.8 Others
10 Global Artificial Intelligence (AI) Government Market, By Region
10.1 Global Artificial Intelligence (AI) Government Market Share Analysis, By Region
10.2 Global Artificial Intelligence (AI) Government Market Share Analysis, By Region
11 North America Artificial Intelligence (AI) Government Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 North America Artificial Intelligence (AI) Government Market Share Analysis, By Component
11.3 North America Artificial Intelligence (AI) Government Market Size and Forecast, By Technology
11.4 North America Artificial Intelligence (AI) Government Market Size and Forecast, By Function
11.5 North America Artificial Intelligence (AI) Government Market Size and Forecast, By Deployment Type
11.6 North America Artificial Intelligence (AI) Government Market Size and Forecast, By Vertical
11.7 North America Artificial Intelligence (AI) Government Market Size and Forecast, By Country
11.7.1 U.S
11.7.1 Canada
11.7.3 Mexico
12 Europe Artificial Intelligence (AI) Government Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Europe Artificial Intelligence (AI) Government Market Share Analysis, By Component
12.3 Europe Artificial Intelligence (AI) Government Market Size and Forecast, By Technology
12.4 Europe Artificial Intelligence (AI) Government Market Size and Forecast, By Function
12.5 Europe Artificial Intelligence (AI) Government Market Size and Forecast, By Deployment Type
12.6 Europe Artificial Intelligence (AI) Government Market Size and Forecast, By Vertical
12.7 Europe Artificial Intelligence (AI) Government Market Size and Forecast, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4 Rest of Europe
13 Asia Pacific Artificial Intelligence (AI) Government Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Asia Pacific Artificial Intelligence (AI) Government Market Size and Forecast, By Component
13.3 Asia Pacific Artificial Intelligence (AI) Government Market Size and Forecast, By Technology
13.4 Asia Pacific Artificial Intelligence (AI) Government Market Size and Forecast, By Function
13.5 Asia Pacific Artificial Intelligence (AI) Government Market Size and Forecast, By Deployment Type
13.6 Asia Pacific Artificial Intelligence (AI) Government Market Size and Forecast, By Vertical
13.7 Asia Pacific Artificial Intelligence (AI) Government Market Size and Forecast, By Country
13.7.1 China
13.7.2 Japan
13.7.3 India
13.7.4. Rest of Asia Pacific
13 Latin America Artificial Intelligence (AI) Government Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Latin America Artificial Intelligence (AI) Government Market Size and Forecast, By Component
14.3 Latin America Artificial Intelligence (AI) Government Market Size and Forecast, By Technology 14.4 Latin America Artificial Intelligence (AI) Government Market Size and Forecast, By Function
14.5 Latin America Artificial Intelligence (AI) Government Market Size and Forecast, By Deployment Type
14.6 Latin America Artificial Intelligence (AI) Government Market Size and Forecast, By Vertical
14.7 Latin America Artificial Intelligence (AI) Government Market Size and Forecast, Country
14.7.1 Brazil
14.7.2. Rest of Latin America
15 Middle East Artificial Intelligence (AI) Government Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Middle East Artificial Intelligence (AI) Government Market Share Analysis, By Component
15.3 Middle East Artificial Intelligence (AI) Government Market Size and Forecast, By Technology
15.4 Middle East Artificial Intelligence (AI) Government Market Size and Forecast, By Function
15.5 Middle East Artificial Intelligence (AI) Government Market Size and Forecast, By Deployment Type
15.6 Middle East Artificial Intelligence (AI) Government Market Size and Forecast, By Vertical
15.7 Middle East Artificial Intelligence (AI) Government Market Size and Forecast, By Country
15.7.1. Saudi Arabia
15.7.2. UAE
15.7.3. Egypt
15.7.4. Kuwait
15.7.5. South Africa
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
17.1. IBM Corporation (U.S.)
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2. Microsoft (U.S.)
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3. Siemens AG (Germany)
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4. ANSYS, Inc. (U.S.)
17.4.1 Overview
17.4.2 Offerings