The Europe AI Governance Market should witness market growth of 33.7% CAGR during the forecast period (2022-2028).
A rapid increase in the capacity of dedicated AI-enabled GPUs to allow and enhance self-driving technologies and AI algorithms has resulted from the deployment of AI-enabled hardware. Furthermore, because of improved computation and decision-making skills, key AI traits, including greater self-control, self-regulation, and self-actuation, have increased the application of AI in the defense, military, and government sectors. One of its benefits is the development of AI approaches to enhance the precision of target detection in challenging combat conditions.
Regulations are rapidly evolving. Authorities may need help to keep up with the growing audit trails, procedures, frameworks, and rules. Due to rising expenses, misunderstandings, and resource waste, maintaining compliance has become challenging. Using artificial intelligence, these problems may be lessened. The ability to assess and apply the proper structure may aid businesses in effectively allocating their resources. Consequently, good AI governance may result in regulatory compliance.
A variety of regional sectors are increasingly using AI. According to the UK government, 432,000 enterprises, or around 15% of all businesses, utilize at least one AI technology. It is expected that 10% of companies, or 62,000 and 292,000 firms, will utilize AI in the future. 2% of businesses are testing AI at the moment. Businesses are more likely to employ AI as they expand. Furthermore, 68% of significant organizations, 34% of mid-sized companies, and 15% of small companies have taken this action. The latter group, which makes up the majority of the business environment in the UK, is credited with the 15% adoption rate on average for the nation. Consequently, it is projected that the European market will see rapid expansion in the years to come.
The Germany market dominated the Europe AI Governance Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $36,231.6 Thousands by 2028. The UK market is anticipated to grow at a CAGR of 32.6% during (2022-2028). Additionally, The France market would exhibit a CAGR of 34.6% during (2022-2028).
Based on Component, the market is segmented into Solution and Services. Based on Vertical, the market is segmented into BFSI, Healthcare & Lifesciences, Media & Entertainment, IT & Telecom, Retail, Government, Automotive and Others. Based on Organization size, the market is segmented into Large Enterprises and SMEs. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Google LLC (Alphabet Inc.), IBM Corporation, SAP SE, Amazon Web Services, Inc. (Amazon.com, Inc.), Salesforce.com, Inc., Meta Platforms, Inc., SAS Institute, Inc., Tibco Software, Inc. (Vista Equity Partners), and QlikTech International AB.
A rapid increase in the capacity of dedicated AI-enabled GPUs to allow and enhance self-driving technologies and AI algorithms has resulted from the deployment of AI-enabled hardware. Furthermore, because of improved computation and decision-making skills, key AI traits, including greater self-control, self-regulation, and self-actuation, have increased the application of AI in the defense, military, and government sectors. One of its benefits is the development of AI approaches to enhance the precision of target detection in challenging combat conditions.
Regulations are rapidly evolving. Authorities may need help to keep up with the growing audit trails, procedures, frameworks, and rules. Due to rising expenses, misunderstandings, and resource waste, maintaining compliance has become challenging. Using artificial intelligence, these problems may be lessened. The ability to assess and apply the proper structure may aid businesses in effectively allocating their resources. Consequently, good AI governance may result in regulatory compliance.
A variety of regional sectors are increasingly using AI. According to the UK government, 432,000 enterprises, or around 15% of all businesses, utilize at least one AI technology. It is expected that 10% of companies, or 62,000 and 292,000 firms, will utilize AI in the future. 2% of businesses are testing AI at the moment. Businesses are more likely to employ AI as they expand. Furthermore, 68% of significant organizations, 34% of mid-sized companies, and 15% of small companies have taken this action. The latter group, which makes up the majority of the business environment in the UK, is credited with the 15% adoption rate on average for the nation. Consequently, it is projected that the European market will see rapid expansion in the years to come.
The Germany market dominated the Europe AI Governance Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $36,231.6 Thousands by 2028. The UK market is anticipated to grow at a CAGR of 32.6% during (2022-2028). Additionally, The France market would exhibit a CAGR of 34.6% during (2022-2028).
Based on Component, the market is segmented into Solution and Services. Based on Vertical, the market is segmented into BFSI, Healthcare & Lifesciences, Media & Entertainment, IT & Telecom, Retail, Government, Automotive and Others. Based on Organization size, the market is segmented into Large Enterprises and SMEs. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Google LLC (Alphabet Inc.), IBM Corporation, SAP SE, Amazon Web Services, Inc. (Amazon.com, Inc.), Salesforce.com, Inc., Meta Platforms, Inc., SAS Institute, Inc., Tibco Software, Inc. (Vista Equity Partners), and QlikTech International AB.
Scope of the Study
By Component
- Solution
- Services
By Vertical
- BFSI
- Healthcare & Lifesciences
- Media & Entertainment
- IT & Telecom
- Retail
- Government
- Automotive
- Others
By Organization size
- Large Enterprises
- SMEs
By Deployment Mode
- On-premise
- Cloud
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Microsoft Corporation
- Google LLC (Alphabet Inc.)
- IBM Corporation
- SAP SE
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Salesforce.com, Inc.
- Meta Platforms, Inc.
- SAS Institute, Inc.
- Tibco Software, Inc. (Vista Equity Partners)
- QlikTech International AB
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe AI Governance Market, by Component
1.4.2 Europe AI Governance Market, by Vertical
1.4.3 Europe AI Governance Market, by Organization size
1.4.4 Europe AI Governance Market, by Deployment Mode
1.4.5 Europe AI Governance Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Analyst's Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2018, Apr - 2022, Sep) Leading Players
Chapter 4. Europe AI Governance Market by Component
4.1 Europe Solution Market by Country
4.2 Europe Services Market by Country
Chapter 5. Europe AI Governance Market by Vertical
5.1 Europe BFSI Market by Country
5.2 Europe Healthcare & Lifesciences Market by Country
5.3 Europe Media & Entertainment Market by Country
5.4 Europe IT & Telecom Market by Country
5.5 Europe Retail Market by Country
5.6 Europe Government Market by Country
5.7 Europe Automotive Market by Country
5.8 Europe Other Vertical Market by Country
Chapter 6. Europe AI Governance Market by Organization size
6.1 Europe Large Enterprises Market by Country
6.2 Europe SMEs Market by Country
Chapter 7. Europe AI Governance Market by Deployment Mode
7.1 Europe On-premise Market by Country
7.2 Europe Cloud Market by Country
Chapter 8. Europe AI Governance Market by Country
8.1 Germany AI Governance Market
8.1.1 Germany AI Governance Market by Component
8.1.2 Germany AI Governance Market by Vertical
8.1.3 Germany AI Governance Market by Organization size
8.1.4 Germany AI Governance Market by Deployment Mode
8.2 UK AI Governance Market
8.2.1 UK AI Governance Market by Component
8.2.2 UK AI Governance Market by Vertical
8.2.3 UK AI Governance Market by Organization size
8.2.4 UK AI Governance Market by Deployment Mode
8.3 France AI Governance Market
8.3.1 France AI Governance Market by Component
8.3.2 France AI Governance Market by Vertical
8.3.3 France AI Governance Market by Organization size
8.3.4 France AI Governance Market by Deployment Mode
8.4 Russia AI Governance Market
8.4.1 Russia AI Governance Market by Component
8.4.2 Russia AI Governance Market by Vertical
8.4.3 Russia AI Governance Market by Organization size
8.4.4 Russia AI Governance Market by Deployment Mode
8.5 Spain AI Governance Market
8.5.1 Spain AI Governance Market by Component
8.5.2 Spain AI Governance Market by Vertical
8.5.3 Spain AI Governance Market by Organization size
8.5.4 Spain AI Governance Market by Deployment Mode
8.6 Italy AI Governance Market
8.6.1 Italy AI Governance Market by Component
8.6.2 Italy AI Governance Market by Vertical
8.6.3 Italy AI Governance Market by Organization size
8.6.4 Italy AI Governance Market by Deployment Mode
8.7 Rest of Europe AI Governance Market
8.7.1 Rest of Europe AI Governance Market by Component
8.7.2 Rest of Europe AI Governance Market by Vertical
8.7.3 Rest of Europe AI Governance Market by Organization size
8.7.4 Rest of Europe AI Governance Market by Deployment Mode
Chapter 9. Company Profiles
9.1 Microsoft Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Google LLC (Alphabet Inc.)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.5.3 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 IBM Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional & Segmental Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Product Launches and Product Expansions:
9.3.5.2 Acquisition and Mergers:
9.3.5.3 Geographical Expansions:
9.3.6 SWOT Analysis
9.4 SAP SE
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 Amazon Web Services, Inc. (Amazon.com, Inc.)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental Analysis
9.5.4 Recent strategies and developments:
9.5.4.1 Partnerships, Collaborations, and Agreements:
9.5.5 SWOT Analysis
9.6 Salesforce.com, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.6 SWOT Analysis
9.7 Meta Platforms, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.8 SAS Institute, Inc.
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.9 Tibco Software, Inc. (Vista Equity Partners)
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Product Launches and Product Expansions:
9.10. QlikTech International AB
9.10.1 Company Overview
Companies Mentioned
- Microsoft Corporation
- Google LLC (Alphabet Inc.)
- IBM Corporation
- SAP SE
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Salesforce.com, Inc.
- Meta Platforms, Inc.
- SAS Institute, Inc.
- Tibco Software, Inc. (Vista Equity Partners)
- QlikTech International AB
Methodology
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