<img src="https://ml.globenewswire.com/Resource/Download/afcc5182-4ae0-43a8-a965-4351d590b7ed?size=2" nborder="0" align="left" hspace="5" vspace="5" title="MnM_logo_TM_JPG.JPG" alt="MarketsandMarkets Research Pvt. Ltd."/>Delray Beach, FL, Aug. 25, 2026 <a href="https://www.globenewswire.com" target="_blank">(GLOBE NEWSWIRE)</a> -- According to MarketsandMarkets™, the global <a href="https://www.globenewswire.com/Tracker?data=hcE69UWMuEFcV5FIX9HXWwyE50XV-bOydZ1KOtuY2oKszXt7DDHwvK36oMov5v865tvjbWBFtFYg76e3j7jOSNTKXSJxA89R4S5FiGtOd_YKa-qKi-YYH3B0qALzRGKzoWW8LiYlYBiwbdduKWcy4GgDFFBuGxhbjT3BBgQ_lEfGf5F8fTNej9xx1Y--jd5mwZ4JJQ84d323tGSJIUXN1mSfTJx0eu1dxdX3uyMUNqrmU9QN20hFs-JUeY-au720CW2I4ffhLuj1Aj9XlOsyTIzTd1psO00n5glT2aTyHDA=" rel="nofollow" target="_blank" title="AI Governance Market">AI Governance Market</a> is projected to grow from USD 0.89 billion in 2024 to USD 5.78 billion by 2029, registering a remarkable CAGR of 45.3% during the forecast period. Rising regulatory oversight, responsible AI initiatives, and growing enterprise adoption of generative AI are accelerating investment in governance platforms. Organizations are prioritizing model transparency, risk management, compliance, and ethical AI to meet evolving regulatory and stakeholder expectations. As AI becomes deeply embedded across business operations, governance is emerging as a foundational capability for ensuring trustworthy, explainable, and compliant AI systems. Get PDF Brochure — Market Data &amp; Segmentation: <a href="https://www.globenewswire.com/Tracker?data=_oLGjS9UQsS8W4-CQzFgPbPB1kJcLS2goi8aEqix7sA8T-ZTL9UK-rKsVNqMkqT64457d_sv77kJP2dUPY3C4PqwOId7F6qA0L3wUvfkjCeLh0c5DfCr4VXskF8hvsigxrHB0ANHcn4iGzpVL60mmNCgT6FcrwqGvaStcgsi9krFdjb-CLzGFfNPE-FT0DQLCLECZ_wv11e2HC9EI_HbY9d9JGTzfrn2AFwxkj2GfBs-dIBoNtFmEh_PJiT7PUST-nQjGn61eYDkYGw48G45ng1DS-7T04L8TE3b_Pt6tCRdVcidjnGqB8OtIf1EDf7m" rel="nofollow" target="_blank" title="">https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=176187291</a> Key Market Highlights <ul type="disc"><li style="margin-top:0in; margin-bottom:8pt; text-align:justify;">Market size (2025): USD 0.89 billion (2024)</li><li style="margin-top:0in; margin-bottom:8pt; text-align:justify;">Projected market size (2030): USD 5.78 billion (2029)</li><li style="margin-top:0in; margin-bottom:8pt; text-align:justify;">Growth rate: CAGR of 45.3% (2024–2029)</li><li style="margin-top:0in; margin-bottom:8pt; text-align:justify;">Fastest-growing region: Asia Pacific</li><li style="margin-top:0in; margin-bottom:8pt; text-align:justify;">Years considered: 2019–2029</li><li style="margin-top:0in; margin-bottom:8pt; text-align:justify;">Key players: Microsoft (US), IBM (US), SAS Institute (US), DataRobot (UK), and Dataiku (US)</li></ul> Why This Market Matters AI governance market has become a strategic business priority as governments introduce stricter regulations and organizations seek to reduce the legal, financial, and reputational risks associated with AI. Frameworks such as the EU AI Act, alongside privacy regulations including GDPR and CCPA, are increasing demand for governance tools that support transparency, auditing, risk assessment, and responsible AI deployment. Market Overview The AI governance market includes solutions for model lifecycle management, risk &amp; compliance, monitoring &amp; auditing, and ethics &amp; responsible AI. Organizations are investing in end-to-end governance platforms, MLOps &amp; LLMOps tools, and data privacy technologies to improve AI accountability and ensure regulatory compliance. Growing adoption across highly regulated sectors, particularly BFSI and healthcare, is further strengthening demand for governance frameworks that enable secure, explainable, and trustworthy AI deployment. Analyst Perspective Enterprise AI adoption is shifting from experimentation to operational deployment, making governance essential rather than optional. As organizations deploy foundation models and generative AI at scale, the ability to monitor model behavior, trace data lineage, manage risk, and demonstrate compliance will become a key competitive differentiator. Request a Sample Copy - Market Scope &amp; Growth <a href="https://www.globenewswire.com/Tracker?data=_oLGjS9UQsS8W4-CQzFgPbPB1kJcLS2goi8aEqix7sB8KGz7hE4l7Qc_VEiNethRvRh1YOTIBF6r55ApQv2o1_5pdYIaS3_7W5zg8W6uYG7mx9w22Ho5SdFqWP8_3fymIEjxGkqnkklVrFNLu2k0NJuiIXn2gnaJImFFGYQAGBnUVXdQhumkns4lVnGlNMkFPA0OtIgDhMk34-3gfec4Ji81ouTvY6bA1oYl2T-i6sx4bkYD_j0zUIctNkrMpauiRviumIhaglSYnKAYCEbbXliDyCPgZclCKP3vPm3ELukAcsQdLmp0IOr1ysL3zJG7pUHQVEj9rkHVVB6E9EzQWg==" rel="nofollow" target="_blank" title="">https://www.marketsandmarkets.com/requestsampleNew.asp?id=176187291</a> Segment Analysis Data governance tools to lead the market Data governance tools are expected to account for the largest market share in 2024, driven by their ability to manage data quality, provenance, lineage, metadata, and bias throughout AI development. As regulatory requirements increasingly emphasize documentation, traceability, and record keeping, enterprises are adopting these tools to improve data visibility, ensure fairness, and support responsible AI implementation. Software &amp; technology providers to grow fastest The software &amp; technology providers segment is projected to register the highest CAGR during the forecast period, as vendors increasingly embed governance frameworks into machine learning platforms and generative AI applications. Rising regulatory scrutiny, expanding privacy laws, and growing demand for ethical, explainable AI are accelerating investments in governance capabilities that strengthen customer trust and long-term product adoption. Regional Analysis North America is expected to hold the largest market share in 2024, supported by strong regulatory frameworks, responsible AI investments, and widespread enterprise adoption. Federal funding for AI governance exceeded USD 1 billion in 2023, while regulations such as the NIST AI Risk Management Framework and CCPA continue to accelerate governance implementation across healthcare, banking, and other regulated industries. Key Industry Trends <ul type="disc"><li style="margin-top:0in; margin-bottom:8pt; text-align:justify;">Rapid adoption of responsible and ethical AI frameworks</li><li style="margin-top:0in; margin-bottom:8pt; text-align:justify;">Increasing implementation of model monitoring and compliance auditing</li><li style="margin-top:0in; margin-bottom:8pt; text-align:justify;">Growing demand for data lineage and provenance capabilities</li><li style="margin-top:0in; margin-bottom:8pt; text-align:justify;">Expansion of MLOps and LLMOps governance platforms</li><li style="margin-top:0in; margin-bottom:8pt; text-align:justify;">Rising regulatory focus on transparency, explainability, and AI risk management</li><li style="margin-top:0in; margin-bottom:8pt; text-align:justify;">Stronger enterprise investment in AI fairness and bias mitigation</li></ul> Competitive Landscape The <a href="https://www.globenewswire.com/Tracker?data=QKLpu-xK--HCw-szMaePzxe-zTvDO30l_wjS9jY1A_Kv6DoE_psrNdrYCk_8mRGRoeH3kfhmAHZxNcWUVxpW2jV-6eCmL_30KKgVzdE7WWRU84P_0EW_SkNGSjb_FpDPi1L1OY6Bk60_YacMTygS_oL82xpfyrkI1h4VSELB84ekSuu58kHat6FQoKVlqV1TMJD7jwdaCZMLMDggsDm2zlHwwtIfwNKtHua1GzAvH9g5ALwsk2Baqny_iT6t1PYwjkB-6pTE4la3DvAh-ltOafSHaI9dgVqoPP-9Qn8M2wU=" rel="nofollow" target="_blank" title="Top Companies in AI governance Market">Top Companies in AI governance Market</a> include Microsoft (US), IBM (US), SAS Institute (US), DataRobot (UK), and Dataiku (US), along with SMEs and startups such as Fiddler AI (US), 2021.AI (Denmark), Monitaur (US), Credo AI (US), and Fairly AI (Canada). The AI governance market consists of enterprise software leaders alongside specialized governance startups competing across compliance, model monitoring, risk management, and responsible AI solutions. Related Reports <a href="https://www.globenewswire.com/Tracker?data=jFuLn8ot9waXVS9miK2vO9zOdQL94cqSDwR2ZEeN0kq1XCe4LOj9eYoMW5w4fp50Hue5BTuQGo7bNTg2xkIqbk4-nITxA4nAr8Ic0P3Xka8YcB8Be8P9mHWLcLkS8osPnBEdYcOY9VlS7h-XYlKwIwxTAZzIj3yEEvRuRoiplk1htHLopvJykkD8UOMOcRKGtVo9ol0b1jFjq8jeuVK6njuTRNXbNrfVkUFihXSvEM6Di9EBZJ1Gk5ggMo4pPgnuXxu_-zZdi5Lash18rtVcGasUzuZF8OXa_ItZYmnzM4LCXBZYNHQTwQ1e_aNjOdgR" rel="nofollow" target="_blank" title="Customer Data Platform (CDP) Market">Customer Data Platform (CDP) Market</a> <a href="https://www.globenewswire.com/Tracker?data=KIzOHt_HxWet2nlc4kjyaoNtM8kN6I0AXaj4kCVUYh0D7of_fYSlY1VXJyD_bnIiGbdAMx6V3aDy0bgi_nC6BvKJNjo8Q_SH-4wab1o_tRA2qwp0DmZ-Egsz7tTlkzf2_A0DXxqEUnlGWz7WZqE3trlMA_Ovs_zWS6SecZSp10VL9bABWI2UNJM8Wd3niNuRkEwAy8IPFEhx7STvqtjd3-AgdjkildmvlCgUg9W8PmCy_EzFiE3pYs4GALap9pYpLvxVpFQfuORZ0bi9IDyNWdIh6CPgexZxOURlgPrCanc=" rel="nofollow" target="_blank" title="Generative AI Market">Generative AI Market</a> <pre>CONTACT: About MarketsandMarkets™:

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Report Code: TC 7355 | Published: 7-Oct-24 | Report Pages: 368 | Market Data Tables: 303 | Figures: 55
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AI Governance Market Surges to $5.78 billion at a CAGR 45.3% by 2029 | Report by MarketsandMarkets™

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