A $402 Million Global Opportunity for Artificial Intelligence (AI) Governance by 2026 - New Research from StrategyR

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Aug 25, 2021, 11:50 ET

SAN FRANCISCO, Aug. 25, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Artificial Intelligence (AI) Governance - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 7; Released: May 2021
Executive Pool: 133782
Companies: 407 - Players covered include 2021.AI; AWS; Facebook; Fico; Google; H2O.AI; IBM; Integrate.AI; Microsoft; Pymetrics; Salesforce.Com; SAP; SAS Institute; ZestFinance and Others.
Coverage: All major geographies and key segments
Segments: Component (Solutions, Services); Vertical (BFSI, Government & Defense, Healthcare & Life Sciences, Automotive, Media & Entertainment, Telecom, Other Verticals)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Artificial Intelligence (AI) Governance Market to Reach $402 Million by 2026
Amid the COVID-19 crisis, the global market for Artificial Intelligence (AI) Governance estimated at US$49.3 Million in the year 2020, is projected to reach a revised size of US$402 Million by 2026, growing at a CAGR of 38.4% over the analysis period. Solutions, one of the segments analyzed in the report, is projected to record 37.9% CAGR and reach US$322.8 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 39.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $21.9 Million in 2021, While China is Forecast to Reach $58.5 Million by 2026
The Artificial Intelligence (AI) Governance market in the U.S. is estimated at US$21.9 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$58.5 Million by the year 2026 trailing a CAGR of 36.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 34.7% and 32.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 26.2% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.