Updated

Updated · Yahoo Finance · Aug 25

AI Governance Market to Hit $5.78 Billion by 2029 as Generative AI Drives 45.3% CAGR

Updated

Updated · Yahoo Finance · Aug 25

AI Governance Market to Hit $5.78 Billion by 2029 as Generative AI Drives 45.3% CAGR

1 articles · Updated · Yahoo Finance · Aug 25

$5.78 billion is the projected size of the global AI governance market in 2029, up from $0.89 billion in 2024, according to MarketsandMarkets.
A 45.3% compound annual growth rate is being driven by tighter regulatory oversight, responsible AI programs and broader enterprise deployment of generative AI.
Governance spending is centering on model transparency, risk management, compliance, auditing and ethical AI as companies move AI from experimentation into core operations.
Asia Pacific is forecast to be the fastest-growing region, while regulated industries such as banking and healthcare are helping anchor demand for governance platforms.
Frameworks including the EU AI Act, GDPR and CCPA are pushing governance from an optional control layer toward a core capability for trustworthy, explainable AI.

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