The new Explainable AI Market report offers a comprehensive study of the current scenario of the market including major market dynamics. Also, it highlights the in-depth marketing research with the newest trends, drivers, and segments with reference to regional and country. Further, this report profiles top key players and analyze their market share, strategic development, and other development across the world.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Explainable AI market include Microsoft (US), IBM (US), Google (US), Salesforce (US), Intel Corporation (US), NVIDIA(US), SAS Institute (US). Alteryx(US), AWS(US), Equifax(US), FICO(US), Temenos(Switzerland), Mphasis (India), C3.AI(US), H2O.ai(US), Fiddler (US), Zest AI(US), Seldon(London). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The explainable AI market is burgeoning due to various compelling factors. Heightened concerns about AI fairness, biases, and regulatory compliance drive the need for transparent and interpretable AI systems. Ethical considerations, coupled with regulations like GDPR, emphasize the significance of accountable AI models, spurring the demand for XAI. Enhanced trust is pivotal for AI adoption. XAI addresses this by offering explanations for AI decisions instilling confidence among users, stakeholders, and regulatory bodies. Industries relying on AI in critical applications, such as healthcare diagnostics, finance, and autonomous vehicles, seek explainable AI to understand and trust the decision-making process in these high-stakes scenarios. Moreover, it facilitates collaboration between AI systems and human experts, leveraging interpretable explanations for informed decision-making. It plays a pivotal role in identifying and mitigating biases within AI models, ensuring fairness and equity in outcomes. Businesses also see XAI as a tool for competitive advantage, providing insights into AI-generated predictions while aiding in risk assessment and decision-making processes. These factors collectively drive the expansion and adoption of explainable AI across diverse industries and applications.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of explainable ai. The growth and trends of explainable ai industry provide a holistic approach to this study.
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Market Segmentation
This section of the explainable ai market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Offering
- Solutions (Solution By Type, Solution By Deployment Mode)
- Services (Consulting Services, Deployment And Integration Services, Training And Education Services, Post-Implementation Support, Data Science Advisory Services, Ai/Ml Research, Ai/Ml Enabled Services, Data Engineering Services)
By Software Type
- Standalone Software
- Integrated Software
- Automated Reporting Tools
- Interactive Model Visualization
By Methods
- Model-Agnostic Methods
- Model-Specific Methods
By Vertical
- BFSI
- Retail & E-Commerce
- IT/TeS
- Healthcare & Life Science
- Goverment & Public Sector
- Media & Entertainment
- Manufacturing
- Energy & Utilities
- Telecommunications
- Other Verticals
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Explainable AI market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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The Global Explainable AI Market size is estimated to be USD 3.55 billion in 2019 and is predicted to reach USD 21.78 billion by 2030 with a CAGR of 19.9% from 2020-2030.Explainable AI Market research report is a careful examination of the worldwide Explainable AI industry which has been a region of enthusiasm for an Explainable AI makers, organizations, authorities, chiefs, and likely speculators, and analysts.
The report profoundly lights up noteworthy features in the business, including a contention situation, condition, portions, showcase size, share, gainfulness, development potential, and advancements.The report likewise spins around the most powerful factors of the worldwide Explainable AI advertise which incorporates changing business sector elements, contemporary patterns, development driving components, showcase limitations, and snags as they may impact the market improvement in a positive/negative manner.
The report breaks down the above elements at a moment level and furthermore offers significant expectations for the gauge time of up to 2030.Access Full Description of this report at:-https://www.nextmsc.com/report/explainable-ai-marketTop Companies: Data Robot, Fact mata, Darwin AI, IBM Corporation, Google LLC, Microsoft Corporation and others.The report additionally conveys inside and out contextual investigations on the different nations which are effectively associated with the Explainable AI creation.
An investigation of the specialized boundaries, different issues, cost adequacy influencing the Explainable AI Market.
Deciding the chances, eventual fate of the Explainable AI and its restrictions turns into much simpler with this report.Request sample copy of this report at:-https://www.nextmsc.com/explainable-ai-market/request-sampleThe objectives of the study of this report are:To study and forecast the market size of Explainable AI in the global market.Global Key Players Analysis, SWOT Analysis, Global Market Value and Share for Top Players.Definition, description and forecast of the market by type, end use and region.Analysis and comparison of market status and forecast among major regions around the world.Analysis of market potential and advantages, opportunities and challenges, restrictions and risks of major regions of the world.Identify the trends and key factors driving or inhibiting the growth of the market.Analysis of market opportunities for stakeholders by identifying high growth segments.The main questions answered by the report are:What will the market be and how big will the growth rate be in 2030?What are the key drivers of the global Explainable AI market?What are the major market trends influencing the growth of the global Explainable AI market?What are the challenges of market growth?Who are the main suppliers in the global Explainable AI market?What market opportunities and threats are vendors exposed to in the Global Explainable AI Market?Trend factors affecting market share in America, APAC, Europe and MEA.About Next Move Strategy Consulting:Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share.
Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade.
