AI trust, risk, and security management market is anticipated to grow at a CAGR of 20.3% during the forecast period (2024-2031). The global AI trust, risk, and security management market is a rapidly expanding industry that focuses on ensuring the reliability, security, fairness, and ethical use of AI technologies across various sectors. This market includes various components such as AI governance frameworks, risk assessment tools, compliance solutions, explainable AI (XAI) techniques, bias detection and mitigation algorithms, privacy-preserving AI methods, secure AI development platforms, and AI-enabled cybersecurity solutions. It caters to a wide range of verticals, including healthcare, finance, retail, manufacturing, government, and automotive. The adoption of AI trust and security solutions is driven by factors such as regulatory compliance, ethical and social concerns, organizational governance, technological advancements, industry-specific demands, and globalization.
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The increasing frequency of advanced cyber threats and malicious ransomware attacks targeting government institutions underscores the urgent need for strong cybersecurity safeguards to ensure the security of sensitive information and vital infrastructure. For instance, in April 2023, the UK government launched new cyber security measures, known as GovAssure, to protect its IT systems from growing threats. The regime, run by the Government Security Group, reviewed all central government departments’ cyber health annually using more robust criteria. The measures include using NCSC’s Cyber Assessment Framework to review assurance measures, having departments assessed by third parties, and centralizing cyber security policy and guidance to help identify best practices.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global AI Trust, Risk, and Security Management Market Report Segment
By Component
- Solution
o Risk & compliance management
o Continuous monitoring & analytics
o Data privacy & security
o Others
- Services
o Professional service
o Managed service
By End-User
- IT & Telecommunication
- BFSI
- Manufacturing
- Retail & E-Commerce
- Healthcare
- Government
- Media & Entertainment
- Others (Energy and Utilities, and Transportation and Logistics)
Global AI Trust, Risk, and Security Management Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global AI trust, risk, and security management market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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