세계의 설명 가능한 AI 시장 : 제공별, 소프트웨어 유형별, 방법별, 산업별, 지역별 - 예측(-2028년)
Explainable AI Market by Offering (Solutions & Services), Software Type (Standalone Software, Integrated Software, Automated Reporting Tools, Interactive Model Visualization), Methods, Vertical and Region - Global Forecast to 2028
상품코드:1386011
리서치사:MarketsandMarkets
발행일:2023년 11월
페이지 정보:영문 286 Pages
라이선스 & 가격 (부가세 별도)
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한글목차
조사 범위
조사 대상 연도
2018-2028년
기준 연도
2022년
예측 기간
2023-2028년
검토 단위
100만 달러/10억 달러
부문별
제공별, 소프트웨어 유형별, 방법별, 산업별, 지역별
대상 지역
북미, 유럽, 아시아태평양, 중동/아프리카, 라틴아메리카
세계 설명 가능한 AI 시장 규모는 2023년 62억 달러에서 2028년 162억 달러로 성장해 예측 기간 동안 연평균 성장률(CAGR)이 20.9%에 달할 것으로 예상됩니다.
AI 모델의 편향성은 차별적인 결과를 초래할 수 있어 시급한 문제이며, XAI 기술은 AI 모델의 편향성을 식별하고 완화하는 데 도움이 될 수 있습니다.
제품별로는 서비스 부문이 예측 기간 동안 가장 높은 CAGR을 기록할 것으로 예상됩니다. 설명 가능한 AI 시장은 조직이 설명 가능한 AI 기술을 효과적으로 도입하고 그 이점을 극대화할 수 있도록 지원하는 데 있어 매우 중요한 역할을 합니다. 설명 가능한 AI 솔루션의 배포, 통합, 커스터마이징, 지속적인 관리를 지원하기 위한 다양한 서비스를 포함하고 있습니다. 이러한 서비스는 조직의 규모, IT 인프라의 복잡성, 산업 특성 등의 요소를 고려하여 개별 조직의 특정 요구사항과 요구사항에 맞게 조정됩니다.
데이터 엔지니어링은 AI 및 설명 가능한 AI 솔루션 개발에 있어 매우 중요한 요소입니다. 설명 가능한 AI 시장의 기업들은 AI 모델 학습을 위한 데이터 구조화, 정제 및 전처리를 지원하는 데이터 엔지니어링 서비스를 제공하는 경우가 많습니다. 이러한 서비스에는 데이터 통합, 데이터 품질 평가, 지속적인 데이터 흐름을 위한 파이프라인 생성 등이 포함됩니다. 그 목적은 정확하고 해석 가능한 결과를 얻기 위해 필수적인 AI 모델에 고품질의 관련성 높은 데이터를 제공하는 것입니다.
BFSI 산업은 설명 가능한 AI 시장에서 매우 중요한 부문입니다. 규제가 엄격하고 데이터 집약적인 이 산업에서 설명 가능한 AI는 의사결정 과정의 투명성과 신뢰성을 높이는 데 매우 중요한 역할을 하며, AI 기반 인사이트를 보다 쉽게 이해하고 해석할 수 있게함으로써 BFSI 기업은 위험을 줄이고, 고객 서비스를 개선하며, 엄격한 규제 요건을 준수할 수 있습니다. 규제 요건을 준수할 수 있습니다. 예를 들어, 많은 금융기관이 신용 평가 및 대출 승인 프로세스에 설명 가능한 AI를 통합하고 있습니다.
지역별로 보면 아시아태평양은 모바일 기기의 보급, 인터넷 연결의 확산, 클라우드 컴퓨팅의 채택 등 기술의 급속한 발전을 목격하고 있습니다. 이러한 발전은 설명 가능한 AI 이니셔티브를 위한 강력한 기반을 조성하고 있습니다. 아시아태평양의 각국 정부는 경제 성장을 촉진하고 경쟁력을 강화하기 위해 설명 가능한 AI를 적극적으로 추진하고 있습니다.
이 보고서는 세계 설명 가능한 AI 시장을 조사하여 제공별, 소프트웨어 유형별, 방법별, 산업별, 지역별 동향, 시장 진입 기업 개요 등을 정리하여 전해드립니다.
목차
제1장 서론
제2장 조사 방법
제3장 주요 요약
제4장 주요 인사이트
제5장 시장 개요와 업계 동향
서론
시장 역학
설명 가능한 AI : 진화
설명 가능한 AI : 생태계
사례 연구 분석
기술 분석
공급망/밸류체인 분석
Porter's Five Forces 분석
가격 모델 분석
특허 분석
2023-2024년의 주요 회의와 이벤트
관세와 규제 상황
설명 가능한 AI 시장 구입자/클라이언트에 영향을 미치는 동향/혼란
주요 이해관계자와 구입 기준
설명 가능한 AI 시장의 베스트 프랙티스
설명 가능한 AI 시장의 기술 로드맵
설명 가능한 AI의 토대/원칙
제6장 설명 가능한 AI 시장, 제공별
서론
유형별 솔루션
도입 모드별 솔루션
서비스
제7장 설명 가능한 AI 시장, 소프트웨어 유형별
서론
독립형 소프트웨어
통합된 소프트웨어
자동 보고 툴
대화형 모델 시각화
제8장 설명 가능한 AI 시장, 방법별
서론
모델 의존형
모델 고유의 방법
제9장 설명 가능한 AI 시장, 업계별
서론
BFSI
소매와 E-Commerce
정부와 공공부문
헬스케어와 생명과학
제조업
에너지와 유틸리티
통신
미디어와 엔터테인먼트
IT와 ITES
기타
제10장 설명 가능한 AI 시장, 지역별
서론
북미
유럽
아시아태평양
중동 및 아프리카
라틴아메리카
제11장 경쟁 상황
개요
주요 진출 기업이 채용한 전략
주요 기업 과거 매출 분석
시장 점유율 분석
설명 가능한 AI 브랜드/제품의 비교 상황
기업 평가 쿼드런트
스타트업/중소기업 평가 쿼드런트
경쟁 시나리오
주요 벤더의 평가와 재무 지표
주요 벤더의 연초부터 현재(YTD) 가격 총매출과 주가 베타
제12장 기업 개요
서론
주요 진출 기업
MICROSOFT
IBM
GOOGLE
INTEL
SALESFORCE
NVIDIA
SAS INSTITUTE
ALTERYX
AWS
EQUIFAX
FICO
TEMENOS
MPHASIS
중소기업·스타트업
C3 AI
H20.AI
FIDDLER LABS
ZEST AI
SELDON
SQUIRRO
KYNDI
DATAROBOT
DATABRICKS
TREDENCE
DARWINAI
TENSOR AI SOLUTIONS
EXPAI
ABZU
ARTHUR
INTELLICO
제13장 인접 시장 및 관련 시장
제14장 부록
ksm
영문 목차
영문목차
Report Description
Scope of the Report
Years Considered for the Study
2018-2028
Base Year
2022
Forecast Period
2023-2028
Units Considered
USD Million/Billion
Segments
By Offering, Software Type, Methods, Vertical, and Region
Regions covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
The explainable AI market size is to grow from USD 6.2 billion in 2023 to USD 16.2 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 20.9% during the forecast period. Bias in AI models, which can result in discriminatory outcomes, is a pressing issue. XAI techniques help identify and mitigate bias in AI models.
By offering, the Services segment has the highest CAGR during the forecast period.
By offering, the explainable AI market has been segmented into solutions and services. The CAGR of services is estimated to be the largest during the forecast period. Explainable AI market plays a pivotal role in assisting organizations to effectively implement and maximize the benefits of Explainable AI technologies. These services encompass a range of offerings aimed at supporting the deployment, integration, customization, and ongoing management of Explainable AI solutions. These services are tailored to meet the specific needs and requirements of individual organizations, considering factors such as the size of the organization, the complexity of its IT infrastructure, and the nature of its industry.
By services, Data Engineering Services has the highest CAGR during the forecast period.
Explainable AI services market includes consulting services, deployment and integration services, training and education services, post-implementation support, data science advisory services, AI/ML research, AI/ML enabled service, and data engineering services.Data engineering is a crucial component in the development of AI and Explainable AI solutions. Companies in the Explainable AI market often offer data engineering services to help organizations structure, clean, and preprocess their data for AI model training. These services involve data integration, data quality assessment, and creating pipelines for continuous data flow. The objective is to provide AI models with high-quality and relevant data, which is essential for achieving accurate and interpretable results.
By vertical, the BFSI segment has the largest market size during the forecast period.
BFSI industry represents a crucial sector within the Explainable AI market. In this highly regulated and data-intensive industry, Explainable AI plays a pivotal role in enhancing transparency and trustworthiness in decision-making processes. By making AI-driven insights more understandable and interpretable, BFSI companies can mitigate risks, improve customer service, and ensure compliance with stringent regulatory requirements. For example, many financial institutions have integrated Explainable AI into their credit scoring and loan approval processes.
Among regions, Asia Pacific registered the highest CAGR during the forecast period.
By region, the Asia Pacific region has witnessed rapid advancements in technology, such as the proliferation of mobile devices, widespread internet connectivity, and the adoption of cloud computing. These advancements have created a strong foundation for explainable AI initiatives. Governments in the Asia Pacific region are actively promoting explainable AI to drive economic growth and enhance competitiveness.
Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the explainable AI market.
By Company: Tier I: 35%, Tier II: 45%, and Tier III: 20%
By Designation: C-Level Executives: 35%, D-Level Executives: 25%, and Managers: 40%
By Region: North America: 40%, Europe: 20%, APAC: 30%, MEA: 5%, Latin America: 5%
The report includes the study of key players offering explainable AI solutions and services. The major vendors in the global 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), Squirro(Switzerland), Kyndi(US), DataRobot(US), Databricks(US), Tredence(US), DarwinAI(Canada), Tensor AI solutions(Germany),. EXPAI(Spain), Abzu(Denmark), Arthur(US), and Intellico(Italy).
Research Coverage
The market study covers the explainable AI market across segments. It aims to estimate the market size and the growth potential of this market across different segments, such as offering, software type, methods, vertical, and region. It includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market for explainable AI and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights better to position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (Industry 4.0 driving demand for explainable AI, adoption of deep learning and neural networks, rise in technological advancement and innovation ), restraints (Shortage of skilled XAI professionals, Data security concerns), opportunities (Enhanced decision support, ethical ai and fairness, improved user adoption and collaboration), and challenges (Complexity of AI models, Concerns related to bias and inaccurately generated output) influencing the growth of the explainable AI market.
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the explainable AI market.
Market Development: Comprehensive information about lucrative markets - the report analyses the explainable AI market across varied regions
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in explainable AI market strategies; the report also helps stakeholders understand the pulse of the explainable AI market and provides them with information on key market drivers, restraints, challenges, and opportunities
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as Microsoft (US), IBM (US), Google (US), Intel Corporation (US) and Salesforce (US) among others in the explainable AI market.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 INCLUSIONS & EXCLUSIONS
1.3.3 REGIONS COVERED
1.4 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
TABLE 1 USD EXCHANGE RATES, 2020-2022
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
TABLE 2 LIST OF PRIMARY INTERVIEWS
2.1.2.1 Breakup of primary profiles
2.1.2.2 Key industry insights
2.2 MARKET FORECAST
TABLE 3 FACTOR ANALYSIS
2.3 MARKET BREAKUP & DATA TRIANGULATION
2.4 MARKET SIZE ESTIMATION
FIGURE 2 TOP-DOWN AND BOTTOM-UP APPROACHES
2.4.1 TOP-DOWN APPROACH
2.4.2 BOTTOM-UP APPROACH
FIGURE 3 APPROACH 1 (SUPPLY SIDE): REVENUE OF SOLUTIONS/SERVICES OF EXPLAINABLE AI VENDORS
FIGURE 4 APPROACH 2, BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE FROM ALL SOLUTIONS/SERVICES OF EXPLAINABLE AI VENDORS
FIGURE 5 APPROACH 3, BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE FROM ALL SOLUTIONS/SERVICES OF EXPLAINABLE AI VENDORS
FIGURE 6 APPROACH 4, BOTTOM-UP (DEMAND-SIDE): SHARE OF EXPLAINABLE AI SOLUTIONS AND SERVICES THROUGH OVERALL SPENDING
2.5 RESEARCH ASSUMPTIONS
2.6 LIMITATIONS AND RISK ASSESSMENT
2.7 IMPLICATIONS OF RECESSION ON EXPLAINABLE AI MARKET
3 EXECUTIVE SUMMARY
TABLE 4 EXPLAINABLE AI MARKET SIZE AND GROWTH RATE, 2018-2022 (USD MILLION, Y-O-Y GROWTH)
TABLE 5 EXPLAINABLE AI MARKET SIZE AND GROWTH RATE, 2023-2030 (USD BILLION, Y-O-Y GROWTH)
FIGURE 7 SOLUTIONS TO FORM LARGER EXPLAINABLE AI MARKET IN 2023
FIGURE 8 DEPLOYMENT & INTEGRATION SERVICES TO LEAD MARKET FOR EXPLAINABLE AI SERVICES IN 2023
FIGURE 9 STANDALONE SOFTWARE TO DOMINATE EXPLAINABLE AI MARKET IN 2023
FIGURE 10 ON-PREMISE DEPLOYMENT TO LEAD OVER CLOUD EXPLAINABLE AI MARKET IN 2023
FIGURE 11 BFSI VERTICAL TO ACCOUNT FOR LARGEST EXPLAINABLE AI MARKET IN 2023
FIGURE 12 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE IN 2023
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR EXPLAINABLE AI MARKET PLAYERS
FIGURE 13 RISING INVESTMENTS IN EXPLAINABLE AI RESEARCH & DEVELOPMENT TO DRIVE MARKET GROWTH
4.2 OVERVIEW OF RECESSION IN GLOBAL EXPLAINABLE AI MARKET
FIGURE 14 EXPLAINABLE AI MARKET TO WITNESS MINOR DECLINE IN Y-O-Y GROWTH IN 2023
4.3 EXPLAINABLE AI MARKET, BY VERTICAL
FIGURE 15 BFSI TO ACCOUNT FOR LARGEST EXPLAINABLE AI MARKET DURING FORECAST PERIOD
4.4 EXPLAINABLE AI MARKET, BY KEY OFFERING AND VERTICAL
FIGURE 16 STANDALONE SOFTWARE AND BFSI TO LEAD RESPECTIVE SEGMENTS IN EXPLAINABLE AI MARKET IN 2023
4.5 EXPLAINABLE AI MARKET, BY REGION
FIGURE 17 NORTH AMERICA TO DOMINATE EXPLAINABLE AI MARKET IN 2023
5 MARKET OVERVIEW AND INDUSTRY TRENDS
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: EXPLAINABLE AI MARKET
5.2.1 DRIVERS
5.2.1.1 Industry 4.0 driving demand for explainable AI
5.2.1.2 Adoption of deep learning and neural networks
5.2.1.3 Rise in technological advancements and innovations
5.2.2 RESTRAINTS
5.2.2.1 Shortage of skilled XAI professionals
5.2.2.2 Data security concerns
5.2.3 OPPORTUNITIES
5.2.3.1 Enhanced decision support
5.2.3.2 Ethical AI and fairness
5.2.3.3 Improved user adoption and collaboration
5.2.4 CHALLENGES
5.2.4.1 Complexity of AI models
5.2.4.2 Concerns related to bias and inaccurately generated output
5.3 EXPLAINABLE AI: EVOLUTION
FIGURE 19 EVOLUTION OF EXPLAINABLE AI
5.4 EXPLAINABLE AI: ECOSYSTEM
FIGURE 20 EXPLAINABLE AI MARKET: ECOSYSTEM
TABLE 6 EXPLAINABLE AI MARKET: ECOSYSTEM
5.5 CASE STUDY ANALYSIS
5.5.1 CASE STUDY 1: DARWINAI DELIVERED EXPLAINABLE AI USING OPENVINO TOOLKIT
5.5.2 CASE STUDY 2: H20.AI AND WELLS FARGO HELPED TO MANAGE MACHINE LEARNING MODEL
5.5.3 CASE STUDY 3: CONJURA REDUCED TIME TO DETECT AND RESOLVE MODEL DRIFT FROM DAYS TO HOURS WITH FIDDLER
5.5.4 CASE STUDY 4: FICO HELPED NORTH AMERICAN BANK TO IMPROVE CREDIT RISK DECISIONS
5.5.5 CASE STUDY 5: HOW.FM REDUCED TIME TO DETECT MODEL ISSUES FROM DAYS TO MINUTES
5.6 TECHNOLOGY ANALYSIS
5.6.1 KEY TECHNOLOGIES
5.6.1.1 Machine Learning
5.6.1.2 NLP
5.6.1.3 Computer Vision
5.6.1.4 Big Data Analytics
5.6.2 ADJACENT TECHNOLOGIES
5.6.2.1 IoT
5.6.2.2 AutoML
5.6.2.3 Blockchain
5.6.2.4 Conversational AI
5.6.2.5 Knowledge Graph
5.7 SUPPLY/VALUE CHAIN ANALYSIS
FIGURE 21 SUPPLY/VALUE CHAIN ANALYSIS
5.8 PORTER'S FIVE FORCES ANALYSIS
FIGURE 22 EXPLAINABLE AI MARKET: PORTER'S FIVE FORCES ANALYSIS
TABLE 7 EXPLAINABLE AI MARKET: PORTER'S FIVE FORCES ANALYSIS
5.8.1 THREAT OF NEW ENTRANTS
5.8.2 THREAT OF SUBSTITUTES
5.8.3 BARGAINING POWER OF SUPPLIERS
5.8.4 BARGAINING POWER OF BUYERS
5.8.5 INTENSITY OF COMPETITIVE RIVALRY
5.9 PRICING MODEL ANALYSIS
5.9.1 SELLING PRICES OF KEY PLAYERS, BY OFFERING
FIGURE 23 SELLING PRICES OF KEY PLAYERS, BY OFFERING
TABLE 8 SELLING PRICES OF KEY PLAYERS, BY OFFERING (USD)
5.10 PATENT ANALYSIS
5.10.1 METHODOLOGY
5.10.2 DOCUMENT TYPE
TABLE 9 PATENTS FILED, 2013-2023
5.10.3 INNOVATION AND PATENT APPLICATIONS
FIGURE 24 TOTAL NUMBER OF PATENTS GRANTED ANNUALLY, 2013-2023
5.10.3.1 Top applicants
FIGURE 25 TOP TEN COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS, 2013-2023
TABLE 10 TOP 20 PATENT OWNERS IN EXPLAINABLE AI MARKET, 2013-2023
TABLE 11 LIST OF MAJOR PATENTS IN EXPLAINABLE AI MARKET, 2021-2023
5.11 KEY CONFERENCES & EVENTS IN 2023-2024
TABLE 12 EXPLAINABLE AI MARKET: LIST OF CONFERENCES & EVENTS
5.12 TARIFF AND REGULATORY LANDSCAPE
5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 16 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 17 LATIN AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13 TRENDS/DISRUPTIONS IMPACTING BUYERS/CLIENTS IN EXPLAINABLE AI MARKET
FIGURE 26 EXPLAINABLE AI MARKET: TRENDS/DISRUPTIONS IMPACTING BUYERS/CLIENTS
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
TABLE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS (%)
5.14.2 BUYING CRITERIA
FIGURE 28 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
TABLE 19 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
5.15 BEST PRACTICES IN EXPLAINABLE AI MARKET
5.15.1 UNDERSTAND NEED FOR EXPLANATION
5.15.2 INTERPRETABLE MODELS
5.15.3 ETHICAL CONSIDERATIONS
5.15.4 USER-CENTRIC DESIGN
5.15.5 TRANSPARENCY AND DOCUMENTATION
5.16 TECHNOLOGY ROADMAP OF EXPLAINABLE AI MARKET
FIGURE 29 TECHNOLOGY ROADMAP OF EXPLAINABLE AI MARKET, 2023-2030
TABLE 20 TECHNOLOGY ROADMAP OF EXPLAINABLE AI MARKET, 2023-2030
5.17 PILLARS/PRINCIPLES OF EXPLAINABLE AI
5.17.1 INFORM SUBJECT OF ALGORITHM
5.17.2 BUILD SOCIETAL TRUST IN AI SYSTEMS
5.17.3 SATISFY COMPLIANCE OR REGULATORY REQUIREMENTS
5.17.4 ASSIST WITH FURTHER SYSTEM DEVELOPMENT
5.17.5 BENEFIT ALGORITHM'S OWNER
6 EXPLAINABLE AI MARKET, BY OFFERING
6.1 INTRODUCTION
6.1.1 OFFERING: EXPLAINABLE AI MARKET DRIVERS
FIGURE 30 EXPLAINABLE AI SERVICES TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
TABLE 21 EXPLAINABLE AI MARKET, BY OFFERING, 2018-2022 (USD MILLION)
TABLE 22 EXPLAINABLE AI MARKET, BY OFFERING, 2023-2028 (USD MILLION)
6.2 SOLUTIONS, BY TYPE
FIGURE 31 SOFTWARE TOOLKITS & FRAMEWORKS TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 23 EXPLAINABLE AI SOLUTIONS MARKET, BY TYPE, 2018-2022 (USD MILLION)
TABLE 24 EXPLAINABLE AI SOLUTIONS MARKET, BY TYPE, 2023-2028 (USD MILLION)
6.2.1 SOFTWARE PLATFORMS
6.2.1.1 Explainable AI software platforms to allow users to continuously monitor behavior of AI models in real time
TABLE 25 SOFTWARE PLATFORMS: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 26 SOFTWARE PLATFORMS: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
6.2.2 SOFTWARE TOOLKITS & FRAMEWORKS
6.2.2.1 Software toolkits & frameworks for explainable AI to be more developer-centric
TABLE 27 SOFTWARE TOOLKITS & FRAMEWORKS: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 28 SOFTWARE TOOLKITS & FRAMEWORKS: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
6.3 SOLUTIONS, BY DEPLOYMENT MODE
FIGURE 32 CLOUD TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 29 EXPLAINABLE AI SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2018-2022 (USD MILLION)
TABLE 30 EXPLAINABLE AI SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2023-2028 (USD MILLION)
6.3.1 CLOUD
6.3.1.1 Cloud-based explainable AI solutions to enable to process large datasets and complex models efficiently
TABLE 31 CLOUD: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 32 CLOUD: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
6.3.2 ON-PREMISES
6.3.2.1 On-premises explainable AI solutions to be customizable and configurable to align with organization's unique infrastructure and security policies
TABLE 33 ON-PREMISES: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 34 ON-PREMISES: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
6.4 SERVICES
FIGURE 33 DATA ENGINEERING TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 35 EXPLAINABLE AI MARKET, BY SERVICE, 2018-2022 (USD MILLION)
TABLE 36 EXPLAINABLE AI MARKET, BY SERVICE, 2023-2028 (USD MILLION)
6.4.1 CONSULTING
6.4.1.1 Consulting firms to guide businesses in making informed decisions about explainable AI adoption
TABLE 37 CONSULTING: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 38 CONSULTING: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
6.4.2 DEPLOYMENT & INTEGRATION
6.4.2.1 Deployment & integration services to be crucial for implementing explainable AI solutions seamlessly
TABLE 39 DEPLOYMENT & INTEGRATION: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 40 DEPLOYMENT & INTEGRATION: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
6.4.3 TRAINING & EDUCATION
6.4.3.1 By providing ongoing education, explainable AI vendors to contribute to transparent and responsible AI ecosystem
TABLE 41 TRAINING & EDUCATION: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 42 TRAINING & EDUCATION: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
6.4.4 POST-IMPLEMENTATION SUPPORT
6.4.4.1 Post-implementation support to involve monitoring and maintaining models to prevent model drift and data biases
TABLE 43 POST-IMPLEMENTATION SUPPORT: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 44 POST-IMPLEMENTATION SUPPORT: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
6.4.5 DATA SCIENCE ADVISORY
6.4.5.1 Data science advisory services in explainable AI domain to involve various aspects of AI and machine learning
TABLE 45 DATA SCIENCE ADVISORY: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 46 DATA SCIENCE ADVISORY: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
6.4.6 AI/ML RESEARCH
6.4.6.1 Companies to frequently engage in AI and ML research to stay at forefront of technological advancements
TABLE 47 AI/ML RESEARCH: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 48 AI/ML RESEARCH: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
6.4.7 AI/ML-ENABLED SERVICES
6.4.7.1 AI/ML-enabled services to emphasize on transparency and interpretability
TABLE 49 AI/ML-ENABLED SERVICES: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 50 AI/ML-ENABLED SERVICES: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
6.4.8 DATA ENGINEERING
6.4.8.1 Effective data engineering to lay foundation for successful AI and explainable AI implementations
TABLE 51 DATA ENGINEERING: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 52 DATA ENGINEERING: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
7 EXPLAINABLE AI MARKET, BY SOFTWARE TYPE
7.1 INTRODUCTION
7.1.1 SOFTWARE TYPE: EXPLAINABLE AI MARKET DRIVERS
FIGURE 34 STANDALONE SOFTWARE TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 53 EXPLAINABLE AI MARKET, BY SOFTWARE TYPE, 2018-2022 (USD MILLION)
TABLE 54 EXPLAINABLE AI MARKET, BY SOFTWARE TYPE, 2023-2028 (USD MILLION)
7.2 STANDALONE SOFTWARE
7.2.1 STANDALONE SOFTWARE TO TYPICALLY FOCUS ON POST HOC INTERPRETABILITY
TABLE 55 STANDALONE SOFTWARE: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 56 STANDALONE SOFTWARE: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
7.3 INTEGRATED SOFTWARE
7.3.1 INTEGRATED EXPLAINABLE AI SOFTWARE TO WORK SEAMLESSLY WITHIN LARGER AI AND MACHINE LEARNING PLATFORMS OR WORKFLOWS
TABLE 57 INTEGRATED SOFTWARE: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 58 INTEGRATED SOFTWARE: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
7.4 AUTOMATED REPORTING TOOLS
7.4.1 AUTOMATED REPORTING TOOLS TO BE INVALUABLE FOR ORGANIZATIONS THAT NEED TO SHARE AI INSIGHTS WITH REGULATORY BODIES
TABLE 59 AUTOMATED REPORTING TOOLS: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 60 AUTOMATED REPORTING TOOLS: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
7.5 INTERACTIVE MODEL VISUALIZATION
7.5.1 INTERACTIVE MODEL VISUALIZATION SOFTWARE TO ALLOW USERS TO VISUALIZE MODEL INPUTS, OUTPUTS, AND INTERMEDIATE LAYERS IN REAL TIME
TABLE 61 INTERACTIVE MODEL VISUALIZATION: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 62 INTERACTIVE MODEL VISUALIZATION: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
8 EXPLAINABLE AI MARKET, BY METHOD
8.1 INTRODUCTION
8.1.1 METHOD: EXPLAINABLE AI MARKET DRIVERS
FIGURE 35 MODEL-AGNOSTIC METHODS TO WITNESS HIGHER GROWTH RATE DURING FORECAST PERIOD
TABLE 63 EXPLAINABLE AI MARKET, BY METHOD, 2018-2022 (USD MILLION)
TABLE 64 EXPLAINABLE AI MARKET, BY METHOD, 2023-2028 (USD MILLION)
8.2 MODEL-AGNOSTIC METHODS
8.2.1 COMPANIES TO UTILIZE MODEL-AGNOSTIC METHODS TO MAKE AI MODELS MORE INTERPRETABLE AND BUILD TRUST WITH USERS AND STAKEHOLDERS
TABLE 65 MODEL-AGNOSTIC METHODS: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 66 MODEL-AGNOSTIC METHODS: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
8.3 MODEL-SPECIFIC METHODS
8.3.1 COMPANIES TO USE THESE TECHNIQUES WHEN THEY HAVE IN-DEPTH KNOWLEDGE OF MODEL AND CAN MODIFY IT FOR ENHANCED INTERPRETABILITY
TABLE 67 MODEL-SPECIFIC METHODS: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 68 MODEL-SPECIFIC METHODS: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
9 EXPLAINABLE AI MARKET, BY VERTICAL
9.1 INTRODUCTION
9.1.1 VERTICAL: EXPLAINABLE AI MARKET DRIVERS
FIGURE 36 HEALTHCARE & LIFE SCIENCES TO WITNESS HIGHEST GROWTH RATE DURING FORECAST PERIOD
TABLE 69 EXPLAINABLE AI MARKET, BY VERTICAL, 2018-2022 (USD MILLION)
TABLE 70 EXPLAINABLE AI MARKET, BY VERTICAL, 2023-2028 (USD MILLION)
9.2 BFSI
TABLE 71 BFSI: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 72 BFSI: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
9.2.1 CREDIT SCORING AND LOAN APPROVALS
9.2.1.1 Explainable AI to play vital role in providing clear understanding of factors influencing customers' creditworthiness
9.2.2 FRAUD DETECTION AND PREVENTION
9.2.2.1 Explainable AI models to provide insights into features and patterns that contributed to transactions being labeled as suspicious
9.2.3 RISK ASSESSMENT IN INVESTMENTS
9.2.3.1 Explainable AI crucial for enabling investors and asset managers to make informed decisions
9.2.4 CUSTOMER SERVICE AND QUERIES
9.2.4.1 Explainable AI to assist in improving the overall customer experience and satisfaction
9.2.5 BIAS DETECTION AND MITIGATION
9.2.5.1 Explainable AI to help BFSI organizations mitigate reputational risks associated with biased or unfair practices
9.2.6 OTHERS
9.3 RETAIL & ECOMMERCE
TABLE 73 RETAIL & ECOMMERCE: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 74 RETAIL & ECOMMERCE: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
9.3.1 CUSTOMER BEHAVIOR ANALYSIS
9.3.1.1 Explainable AI to play crucial role in retail business by providing interpretable insights on customer behavior
9.3.2 DYNAMIC PRICING STRATEGIES
9.3.2.1 Explainable AI algorithms to help customers understand rationale behind price changes
9.3.3 SUPPLY CHAIN OPTIMIZATION
9.3.3.1 Explainable AI to optimize supply chains by providing transparency into decision-making processes
9.3.4 PRODUCT RECOMMENDATIONS
9.3.4.1 Explainable AI to help by providing clear and understandable justifications for product recommendations made to customers
9.3.5 OTHERS
9.4 GOVERNMENT & PUBLIC SECTOR
TABLE 75 GOVERNMENT & PUBLIC SECTOR: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 76 GOVERNMENT & PUBLIC SECTOR: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
9.4.1 POLICY DECISION SUPPORT
9.4.1.1 Explainable AI to be able to identify potential biases in policy recommendations, ensuring fairness and equitability
9.4.2 TRAFFIC AND URBAN PLANNING
9.4.2.1 Explainable AI to assist in predictive modeling for future urban development by highlighting environmental and societal impact of various scenarios
9.4.3 ECOSYSTEM MONITORING
9.4.3.1 Explainable AI to help identify factors influencing species population dynamics, supporting more effective conservation strategies
9.4.4 PREDICTIVE POLICING
9.4.4.1 Explainable AI to enhance predictive policing models
9.4.5 OTHERS
9.5 HEALTHCARE & LIFE SCIENCES
TABLE 77 HEALTHCARE & LIFE SCIENCES: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 78 HEALTHCARE & LIFE SCIENCES: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
9.5.1 MEDICAL DIAGNOSTICS AND IMAGING
9.5.1.1 Explainable AI to reduce errors, improve clinical confidence, and ultimately enhance patient care
9.5.2 DRUG DISCOVERY AND DEVELOPMENT
9.5.2.1 Explainable AI to optimize process of identifying potential drug candidates
9.5.3 PERSONALIZED MEDICINE
9.5.3.1 Explainable AI to enhance patient and clinician trust in personalized treatment plans
9.5.4 CLINICAL TRIAL ELIGIBILITY
9.5.4.1 Explainable AI to demystify black-box nature of machine learning models
9.5.5 MODEL TRANSPARENCY AND DEBUGGING
9.5.5.1 By enhancing model transparency and facilitating debugging, explainable AI to bolster confidence of healthcare practitioners
9.5.6 OTHERS
9.6 MANUFACTURING
TABLE 79 MANUFACTURING: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 80 MANUFACTURING: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
9.6.1 PRODUCTION LINE OPTIMIZATION
9.6.1.1 Explainable AI to identify patterns leading to machine breakdowns or suboptimal performance
9.6.2 RESOURCE ALLOCATION
9.6.2.1 Explainable AI to explain why energy usage fluctuates and how it is influenced by production volume and machine settings
9.6.3 CUSTOM PRODUCT DESIGN
9.6.3.1 Explainable AI to facilitate better collaboration between manufacturers and their clients
9.6.4 SUPPLIER SELECTION
9.6.4.1 Explainable AI to assist in risk assessment and highlight potential red flags in supplier's track record
9.6.5 OTHERS
9.7 ENERGY & UTILITIES
TABLE 81 ENERGY & UTILITIES: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 82 ENERGY & UTILITIES: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
9.7.1 GRID MANAGEMENT
9.7.1.1 Explainable AI to help investigate root causes, which is crucial for post-incident analysis and continuous improvement in grid management
9.7.2 RENEWABLE ENERGY FORECASTING
9.7.2.1 Explainable AI to enhance trustworthiness of forecasts by providing clear insights into features and data points
9.7.3 ENERGY CONSUMPTION ANALYSIS
9.7.3.1 Explainable AI to assist by providing transparency in energy consumption analysis
9.7.4 ASSET MAINTENANCE OPTIMIZATION
9.7.4.1 AI to help build trust among stakeholders and make it easier to justify maintenance decisions to regulators and public
9.7.5 OTHERS
9.8 TELECOMMUNICATIONS
TABLE 83 TELECOMMUNICATIONS: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 84 TELECOMMUNICATIONS: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
9.8.1 NETWORK MANAGEMENT
9.8.1.1 Explainable AI to help telecom operators better understand and optimize their network performance
9.8.2 SERVICE PLAN RECOMMENDATIONS
9.8.2.1 Explainable AI to enhance personalization and customer experience
9.8.3 CHURN PREDICTION AND RETENTION
9.8.3.1 Explainable AI to help craft personalized retention strategies
9.8.4 QUALITY OF SERVICE (QOS) OPTIMIZATION
9.8.4.1 Explainable AI to provide transparency and insights into decision-making processes behind QoS optimization
9.8.5 OTHERS
9.9 MEDIA & ENTERTAINMENT
TABLE 85 MEDIA & ENTERTAINMENT: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 86 MEDIA & ENTERTAINMENT: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
9.9.1 CONTENT RECOMMENDATIONS
9.9.1.1 Explainable AI to provide transparent recommendations to users in media & entertainment space
9.9.2 COPYRIGHT INFRINGEMENT DETECTION
9.9.2.1 Explainable AI to help educate content creators and users about copyright laws and best practices
9.9.3 VIRTUAL REALITY AND GAMING
9.9.3.1 Explainable AI to offer players insights into how their in-game decisions affect outcomes and provide them with guidance on strategies or tactics
9.9.4 AUDIENCE INSIGHTS
9.9.4.1 Explainable AI to help derive meaningful insights from large datasets, shedding light on viewer preferences and behavior
9.9.5 OTHERS
9.10 IT & ITES
TABLE 87 IT & ITES: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 88 IT & ITES: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
9.10.1 CODE REVIEW AND DEBUGGING
9.10.1.1 Explainable AI to improve code quality and accelerate debugging process by pinpointing root causes of issues
9.10.2 SERVICE LEVEL AGREEMENTS (SLA) MANAGEMENT
9.10.2.1 Explainable AI to analyze service performance, offering explanations for any deviations from SLAs
9.10.3 DATA SECURITY AND PRIVACY
9.10.3.1 Explainable AI to help monitor, detect, and explain potential security breaches or anomalies within data systems
9.10.4 USER EXPERIENCE (UX) ENHANCEMENT
9.10.4.1 Explainable AI to analyze user interactions and preferences, providing interpretable insights
9.10.5 OTHERS
9.11 OTHER VERTICALS
TABLE 89 OTHER VERTICALS: EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 90 OTHER VERTICALS: EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
10 EXPLAINABLE AI MARKET, BY REGION
10.1 INTRODUCTION
FIGURE 37 AUSTRALIA & NEW ZEALAND TO ACHIEVE HIGHEST GROWTH DURING FORECAST PERIOD
FIGURE 38 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 91 EXPLAINABLE AI MARKET, BY REGION, 2018-2022 (USD MILLION)
TABLE 92 EXPLAINABLE AI MARKET, BY REGION, 2023-2028 (USD MILLION)
10.2 NORTH AMERICA
10.2.1 NORTH AMERICA: EXPLAINABLE AI MARKET DRIVERS
10.2.2 NORTH AMERICA: RECESSION IMPACT
FIGURE 39 NORTH AMERICA: MARKET SNAPSHOT
TABLE 93 NORTH AMERICA: EXPLAINABLE AI MARKET, BY OFFERING, 2018-2022 (USD MILLION)
TABLE 94 NORTH AMERICA: EXPLAINABLE AI MARKET, BY OFFERING, 2023-2028 (USD MILLION)
TABLE 95 NORTH AMERICA: EXPLAINABLE AI MARKET, BY SERVICE, 2018-2022 (USD MILLION)
TABLE 96 NORTH AMERICA: EXPLAINABLE AI MARKET, BY SERVICE, 2023-2028 (USD MILLION)
TABLE 97 NORTH AMERICA: EXPLAINABLE AI MARKET, BY SOLUTION, 2018-2022 (USD MILLION)
TABLE 98 NORTH AMERICA: EXPLAINABLE AI MARKET, BY SOLUTION, 2023-2028 (USD MILLION)
TABLE 99 NORTH AMERICA: EXPLAINABLE AI MARKET, BY SOFTWARE TYPE, 2018-2022 (USD MILLION)
TABLE 100 NORTH AMERICA: EXPLAINABLE AI MARKET, BY SOFTWARE TYPE, 2023-2028 (USD MILLION)
TABLE 101 NORTH AMERICA: EXPLAINABLE AI SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2018-2022 (USD MILLION)
TABLE 102 NORTH AMERICA: EXPLAINABLE AI SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2023-2028 (USD MILLION)
TABLE 103 NORTH AMERICA: EXPLAINABLE AI MARKET, BY METHOD, 2018-2022 (USD MILLION)
TABLE 104 NORTH AMERICA: EXPLAINABLE AI MARKET, BY METHOD, 2023-2028 (USD MILLION)
TABLE 105 NORTH AMERICA: EXPLAINABLE AI MARKET, BY VERTICAL, 2018-2022 (USD MILLION)
TABLE 106 NORTH AMERICA: EXPLAINABLE AI MARKET, BY VERTICAL, 2023-2028 (USD MILLION)
TABLE 107 NORTH AMERICA: EXPLAINABLE AI MARKET, BY COUNTRY, 2018-2022 (USD MILLION)
TABLE 108 NORTH AMERICA: EXPLAINABLE AI MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
10.2.3 US
10.2.3.1 Initiatives by tech companies, research institutions, and venture capital firms toward AI technologies to drive market
TABLE 109 US: EXPLAINABLE AI MARKET, BY OFFERING, 2018-2022 (USD MILLION)
TABLE 110 US: EXPLAINABLE AI MARKET, BY OFFERING, 2023-2028 (USD MILLION)
TABLE 111 US: EXPLAINABLE AI SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2018-2022 (USD MILLION)
TABLE 112 US: EXPLAINABLE AI SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2023-2028 (USD MILLION)
TABLE 113 US: EXPLAINABLE AI MARKET, BY METHOD, 2018-2022 (USD MILLION)
TABLE 114 US: EXPLAINABLE AI MARKET, BY METHOD, 2023-2028 (USD MILLION)
10.2.4 CANADA
10.2.4.1 Regulatory frameworks and guidelines to encourage Canadian businesses to invest in explainable AI solutions
10.3 EUROPE
10.3.1 EUROPE: EXPLAINABLE AI MARKET DRIVERS
10.3.2 EUROPE: RECESSION IMPACT
TABLE 115 EUROPE: EXPLAINABLE AI MARKET, BY OFFERING, 2018-2022 (USD MILLION)
TABLE 116 EUROPE: EXPLAINABLE AI MARKET, BY OFFERING, 2023-2028 (USD MILLION)
TABLE 117 EUROPE: EXPLAINABLE AI MARKET, BY SERVICE, 2018-2022 (USD MILLION)
TABLE 118 EUROPE: EXPLAINABLE AI MARKET, BY SERVICE, 2023-2028 (USD MILLION)
TABLE 119 EUROPE: EXPLAINABLE AI MARKET, BY SOLUTION, 2018-2022 (USD MILLION)
TABLE 120 EUROPE: EXPLAINABLE AI MARKET, BY SOLUTION, 2023-2028 (USD MILLION)
TABLE 121 EUROPE: EXPLAINABLE AI MARKET, BY SOFTWARE TYPE, 2018-2022 (USD MILLION)
TABLE 122 EUROPE: EXPLAINABLE AI MARKET, BY SOFTWARE TYPE, 2023-2028 (USD MILLION)
TABLE 123 EUROPE: EXPLAINABLE AI SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2018-2022 (USD MILLION)
TABLE 124 EUROPE: EXPLAINABLE AI SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2023-2028 (USD MILLION)
TABLE 125 EUROPE: EXPLAINABLE AI MARKET, BY METHOD, 2018-2022 (USD MILLION)
TABLE 126 EUROPE: EXPLAINABLE AI MARKET, BY METHOD, 2023-2028 (USD MILLION)
TABLE 127 EUROPE: EXPLAINABLE AI MARKET, BY VERTICAL, 2018-2022 (USD MILLION)
TABLE 128 EUROPE: EXPLAINABLE AI MARKET, BY VERTICAL, 2023-2028 (USD MILLION)
TABLE 129 EUROPE: EXPLAINABLE AI MARKET, BY COUNTRY, 2018-2022 (USD MILLION)
TABLE 130 EUROPE: EXPLAINABLE AI MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
10.3.3 UK
10.3.3.1 Recognition of transformative potential of XAI and its impact of innovation to boost growth
TABLE 131 UK: EXPLAINABLE AI MARKET, BY OFFERING, 2018-2022 (USD MILLION)
TABLE 132 UK: EXPLAINABLE AI MARKET, BY OFFERING, 2023-2028 (USD MILLION)
TABLE 133 UK: EXPLAINABLE AI SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2018-2022 (USD MILLION)
TABLE 134 UK: EXPLAINABLE AI SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2023-2028 (USD MILLION)
TABLE 135 UK: EXPLAINABLE AI MARKET, BY METHOD, 2018-2022 (USD MILLION)
TABLE 136 UK: EXPLAINABLE AI MARKET, BY METHOD, 2023-2028 (USD MILLION)
10.3.4 GERMANY
10.3.4.1 Heavy investments by government to accelerate development and adoption of XAI technologies to fuel growth
10.3.5 FRANCE
10.3.5.1 Collaboration between global and local players to accelerate XAI adoption of innovation in coming years
10.3.6 ITALY
10.3.6.1 Commitment to fostering digital skills and research capabilities to encourage adoption of explainable AI solutions in startup ecosystem
10.3.7 SPAIN
10.3.7.1 Government initiatives to promote AI-driven innovation to spur market growth
10.3.8 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 ASIA PACIFIC: EXPLAINABLE AI MARKET DRIVERS
10.4.2 ASIA PACIFIC: IMPACT OF RECESSION
FIGURE 40 ASIA PACIFIC: MARKET SNAPSHOT
TABLE 137 ASIA PACIFIC: EXPLAINABLE AI MARKET, BY OFFERING, 2018-2022 (USD MILLION)
TABLE 138 ASIA PACIFIC: EXPLAINABLE AI MARKET, BY OFFERING, 2023-2028 (USD MILLION)
TABLE 139 ASIA PACIFIC: EXPLAINABLE AI MARKET, BY SERVICE, 2018-2022 (USD MILLION)
TABLE 140 ASIA PACIFIC: EXPLAINABLE AI MARKET, BY SERVICE, 2023-2028 (USD MILLION)
TABLE 141 ASIA PACIFIC: EXPLAINABLE AI MARKET, BY SOLUTION, 2018-2022 (USD MILLION)
TABLE 142 ASIA PACIFIC: EXPLAINABLE AI MARKET, BY SOLUTION, 2023-2028 (USD MILLION)
TABLE 143 ASIA PACIFIC: EXPLAINABLE AI MARKET, BY SOFTWARE TYPE, 2018-2022 (USD MILLION)
TABLE 144 ASIA PACIFIC: EXPLAINABLE AI MARKET, BY SOFTWARE TYPE, 2023-2028 (USD MILLION)
TABLE 145 ASIA PACIFIC: EXPLAINABLE AI SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2018-2022 (USD MILLION)
TABLE 146 ASIA PACIFIC: EXPLAINABLE AI SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2023-2028 (USD MILLION)
TABLE 147 ASIA PACIFIC: EXPLAINABLE AI MARKET, BY METHOD, 2018-2022 (USD MILLION)
TABLE 148 ASIA PACIFIC: EXPLAINABLE AI MARKET, BY METHOD, 2023-2028 (USD MILLION)
TABLE 149 ASIA PACIFIC: EXPLAINABLE AI MARKET, BY VERTICAL, 2018-2022 (USD MILLION)
TABLE 150 ASIA PACIFIC: EXPLAINABLE AI MARKET, BY VERTICAL, 2023-2028 (USD MILLION)
TABLE 151 ASIA PACIFIC: EXPLAINABLE AI MARKET, BY COUNTRY, 2018-2022 (USD MILLION)
TABLE 152 ASIA PACIFIC: EXPLAINABLE AI MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
10.4.3 CHINA
10.4.3.1 Focus of government on bolstering research & development efforts to drive market
TABLE 153 CHINA: EXPLAINABLE AI MARKET, BY OFFERING, 2018-2022 (USD MILLION)
TABLE 154 CHINA: EXPLAINABLE AI MARKET, BY OFFERING, 2023-2028 (USD MILLION)
TABLE 155 CHINA: EXPLAINABLE AI SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2018-2022 (USD MILLION)
TABLE 156 CHINA: EXPLAINABLE AI SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2023-2028 (USD MILLION)
TABLE 157 CHINA: EXPLAINABLE AI MARKET, BY METHOD, 2018-2022 (USD MILLION)
TABLE 158 CHINA: EXPLAINABLE AI MARKET, BY METHOD, 2023-2028 (USD MILLION)
10.4.4 JAPAN
10.4.4.1 Rise in global prominence of generative AI to drive development and integration of explainable AI into local players' business operations
10.4.5 SOUTH KOREA
10.4.5.1 Influence of AI technology across healthcare, finance, and defense sectors to spur growth
10.4.6 INDIA
10.4.6.1 Rapid surge in development and adoption of XAI technologies to drive growth
10.4.7 AUSTRALIA & NEW ZEALAND
10.4.7.1 AI leveraged for customer service automation, predictive analytics, fraud detection, and supply chain optimization to propel market
10.4.8 REST OF ASIA PACIFIC
10.5 MIDDLE EAST & AFRICA
10.5.1 MIDDLE EAST & AFRICA: EXPLAINABLE AI MARKET DRIVERS
10.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT
TABLE 159 MIDDLE EAST & AFRICA: EXPLAINABLE AI MARKET, BY OFFERING, 2018-2022 (USD MILLION)
TABLE 160 MIDDLE EAST & AFRICA: EXPLAINABLE AI MARKET, BY OFFERING, 2023-2028 (USD MILLION)
TABLE 161 MIDDLE EAST & AFRICA: EXPLAINABLE AI MARKET, BY SERVICE, 2018-2022 (USD MILLION)
TABLE 162 MIDDLE EAST & AFRICA: EXPLAINABLE AI MARKET, BY SERVICE, 2023-2028 (USD MILLION)
TABLE 163 MIDDLE EAST & AFRICA: EXPLAINABLE AI MARKET, BY SOLUTION, 2018-2022 (USD MILLION)
TABLE 164 MIDDLE EAST & AFRICA: EXPLAINABLE AI MARKET, BY SOLUTION, 2023-2028 (USD MILLION)
TABLE 165 MIDDLE EAST & AFRICA: EXPLAINABLE AI MARKET, BY SOFTWARE TYPE, 2018-2022 (USD MILLION)
TABLE 166 MIDDLE EAST & AFRICA: EXPLAINABLE AI MARKET, BY SOFTWARE TYPE, 2023-2028 (USD MILLION)
TABLE 167 MIDDLE EAST & AFRICA: EXPLAINABLE AI SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2018-2022 (USD MILLION)
TABLE 168 MIDDLE EAST & AFRICA: EXPLAINABLE AI SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2023-2028 (USD MILLION)
TABLE 169 MIDDLE EAST & AFRICA: EXPLAINABLE AI MARKET, BY METHOD, 2018-2022 (USD MILLION)
TABLE 170 MIDDLE EAST & AFRICA: EXPLAINABLE AI MARKET, BY METHOD, 2023-2028 (USD MILLION)
TABLE 171 MIDDLE EAST & AFRICA: EXPLAINABLE AI MARKET, BY VERTICAL, 2018-2022 (USD MILLION)
TABLE 172 MIDDLE EAST & AFRICA: EXPLAINABLE AI MARKET, BY VERTICAL, 2023-2028 (USD MILLION)
TABLE 173 MIDDLE EAST & AFRICA: EXPLAINABLE AI MARKET, BY COUNTRY, 2018-2022 (USD MILLION)
TABLE 174 MIDDLE EAST & AFRICA: EXPLAINABLE AI MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
10.5.3 ISRAEL
10.5.3.1 Growth in research and application of artificial intelligence across various verticals to boost market
10.5.4 SAUDI ARABIA
10.5.4.1 Greater emphasis on artificial intelligence development across key industry verticals
10.5.5 UAE
10.5.5.1 Implementation of proactive strategies and establishing regulatory frameworks to spur growth
10.5.6 EGYPT
10.5.6.1 Adoption and utilization of XAI technologies to drive transformative changes across sectors
10.5.7 SOUTH AFRICA
10.5.7.1 Rapid advancements in field of XAI to encourage market expansion
10.5.8 REST OF MIDDLE EAST & AFRICA
10.6 LATIN AMERICA
10.6.1 LATIN AMERICA: EXPLAINABLE AI MARKET DRIVERS
10.6.2 LATIN AMERICA: RECESSION IMPACT
TABLE 175 LATIN AMERICA: EXPLAINABLE AI MARKET, BY OFFERING, 2018-2022 (USD MILLION)
TABLE 176 LATIN AMERICA: EXPLAINABLE AI MARKET, BY OFFERING, 2023-2028 (USD MILLION)
TABLE 177 LATIN AMERICA: EXPLAINABLE AI MARKET, BY SERVICE, 2018-2022 (USD MILLION)
TABLE 178 LATIN AMERICA: EXPLAINABLE AI MARKET, BY SERVICE, 2023-2028 (USD MILLION)
TABLE 179 LATIN AMERICA: EXPLAINABLE AI MARKET, BY SOLUTION, 2018-2022 (USD MILLION)
TABLE 180 LATIN AMERICA: EXPLAINABLE AI MARKET, BY SOLUTION, 2023-2028 (USD MILLION)
TABLE 181 LATIN AMERICA: EXPLAINABLE AI MARKET, BY SOFTWARE TYPE, 2018-2022 (USD MILLION)
TABLE 182 LATIN AMERICA: EXPLAINABLE AI MARKET, BY SOFTWARE TYPE, 2023-2028 (USD MILLION)
TABLE 183 LATIN AMERICA: EXPLAINABLE AI SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2018-2022 (USD MILLION)
TABLE 184 LATIN AMERICA: EXPLAINABLE AI SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2023-2028 (USD MILLION)
TABLE 185 LATIN AMERICA: EXPLAINABLE AI MARKET, BY METHOD, 2018-2022 (USD MILLION)
TABLE 186 LATIN AMERICA: EXPLAINABLE AI MARKET, BY METHODS, 2023-2028 (USD MILLION)
TABLE 187 LATIN AMERICA: EXPLAINABLE AI MARKET, BY VERTICAL, 2018-2022 (USD MILLION)
TABLE 188 LATIN AMERICA: EXPLAINABLE AI MARKET, BY VERTICAL, 2023-2028 (USD MILLION)
TABLE 189 LATIN AMERICA: EXPLAINABLE AI MARKET, BY COUNTRY, 2018-2022 (USD MILLION)
TABLE 190 LATIN AMERICA: EXPLAINABLE AI MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
10.6.3 BRAZIL
10.6.3.1 Rapid shift in technological landscape toward adoption of AI technologies to spur growth
10.6.4 MEXICO
10.6.4.1 Endeavor to become digitally advanced country, using proximity to US, to drive technology adoption
10.6.5 ARGENTINA
10.6.5.1 Need for adoption of artificial intelligence to enhance processes and improve decision-making to propel market growth
10.6.6 REST OF LATIN AMERICA
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 191 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN EXPLAINABLE AI MARKET
11.3 HISTORICAL REVENUE ANALYSIS OF KEY PLAYERS
FIGURE 41 HISTORICAL REVENUE ANALYSIS OF TOP PLAYERS, 2020-2022 (USD MILLION)
11.4 MARKET SHARE ANALYSIS
FIGURE 42 EXPLAINABLE AI MARKET SHARE ANALYSIS, 2022
TABLE 192 EXPLAINABLE AI MARKET: DEGREE OF COMPETITION
11.5 EXPLAINABLE AI BRAND/PRODUCT COMPARATIVE LANDSCAPE
11.5.1 EXPLAINABLE AI TRENDING PRODUCTS/BRAND COMPARISON
11.6 COMPANY EVALUATION QUADRANT
11.6.1 STARS
11.6.2 EMERGING LEADERS
11.6.3 PERVASIVE PLAYERS
11.6.4 PARTICIPANTS
FIGURE 43 COMPANY EVALUATION MATRIX, 2022
11.6.5 COMPANY FOOTPRINT
TABLE 193 KEY COMPANY PRODUCT FOOTPRINT
11.7 STARTUP/SME EVALUATION QUADRANT
11.7.1 PROGRESSIVE COMPANIES
11.7.2 RESPONSIVE COMPANIES
11.7.3 DYNAMIC COMPANIES
11.7.4 STARTING BLOCKS
11.7.5 COMPETITIVE BENCHMARKING
TABLE 194 EXPLAINABLE AI MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 195 EXPLAINABLE AI MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES
FIGURE 44 STARTUP/SME EVALUATION MATRIX, 2022
11.8 COMPETITIVE SCENARIO
11.8.1 PRODUCT LAUNCHES
TABLE 196 PRODUCT LAUNCHES, 2019-2023
11.8.2 DEALS
TABLE 197 DEALS, 2020-2023
11.9 VALUATION AND FINANCIAL METRICS OF KEY EXPLAINABLE AI VENDORS
FIGURE 45 VALUATION AND FINANCIAL METRICS OF KEY VENDORS
11.10 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND STOCK BETA OF KEY EXPLAINABLE AI VENDORS
FIGURE 46 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND STOCK BETA OF KEY VENDORS
