Latest News- AI Policy And Standards Market: Solutions is expected to lead the Component segment during 2025-2029

The AI Policy And Standards Market is being driven by Proliferation of generative ai and management of societal risks

The AI Policy And Standards Market is expected to grow at a CAGR of 38.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 377.8 million. The global AI policy and standards market is witnessing a significant shift from abstract ethical principles to the development of operational governance mechanisms. Previously, the discourse was characterized by non-binding lists of principles, such as fairness, accountability, and transparency. However, industry experts now recognize the need for concrete tools to implement, verify, and enforce these principles. As a result, there is a growing demand for national safety institutes, regulatory sandboxes, and mandatory impact assessment frameworks. These mechanisms aim to convert theoretical ethics into tangible practices, thereby creating a sophisticated market for AI assurance services. The establishment of these operational governance mechanisms is essential to ensure the ethical and secure implementation of AI technologies in various industries. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Component
  • Solutions
  • Services
• Deployment
  • Cloud-based
  • On-premises
• Application
  • Risk and compliance management
  • Bias detection and mitigation
  • Model explainability
  • Fairness and accountability tools
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Proliferation of generative ai and management of societal risks
• Intensifying geopolitical competition and pursuit of technological sovereignty
• Corporate Demand for Trust, Interoperability, and a Clear Regulatory Environment

However, the market also witnesses some limitations, which are as follows:

• Pacing problem rapid technological evolution versus deliberative policy cycles
• Regulatory fragmentation and challenge of global harmonization
• Technical opacity and difficulty of creating meaningful standards

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Market Scope in AI Policy And Standards Market Research Report

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Research Analysis Overview

The AI Policy and Standards Market encompasses solutions and frameworks addressing various aspects of AI development and deployment. These include AI bias detection, data protection laws, system security, governance, algorithmic fairness, model interpretability, risk management, privacy-preserving AI, responsible AI, compliance, ethics, accountability, data quality, safety, regulation, transparency, model validation, auditing, policy, standards, training, design, impact, and data security.

Market Research Overview

The AI Policy and Standards Market encompasses companies focusing on ethical guidelines, algorithmic bias mitigation, data privacy regulations, and responsible AI development. This segment falls under the broader IT software industry, specifically within application software. Technavio's market analysis covers revenue generated by businesses specializing in this niche, contributing to the global application software market. These companies exclude those producing interactive home entertainment software or systems/database management software. Their primary offerings aim to ensure ethical AI implementation, mitigate algorithmic biases, adhere to data privacy regulations, and foster responsible AI development.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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