Explainable AI Market Size, In-depth Analysis Report and Global Forecast to 2032

COVID-19 Impact Analysis on Explainable AI Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2023-2032. The report encompasses data regarding market share and recent developments by key players. Moreover, this market report also covers regional and country markets in detail.

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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