Dublin, September 25, 2025 (Globe Newswire) – “AI Model Risk Management Market Opportunities and Strategies for 2034” has been added to the offer of ResearchAndmarkets.com.
A comprehensive report on the AI Model Risk Management Market depicts the trajectory from 2019 to 2034. This includes a detailed analysis of the different regions and sectors of major economies. As of 2024, the global AI Model Risk Management market was valued at approximately $6.17 billion, and since 2019 the combined annual growth rate (CAGR) has grown at 13.14%. Market growth expectations are projected to increase to $114.1 billion by 2029 at a CAGR of 13.09% by 2029, with an increase of $2.081 billion.
Historically, market growth has been driven by increased adoption of clouds, increased digital transactions, and recognition of rapid growth on cybersecurity threats along with government initiatives. The challenges faced include the lack of skilled professionals and hurdles in integrating legacy systems. Future drivers include increasing incorporation of AI and ML in regulated industries, enhanced internal audit capabilities, and increased complexity and obstacles for AI models. Potential growth inhibitors are geopolitical factors such as organizational resistance to change, high implementation costs, and trade wars.
In 2024, North America led the market, accounting for 37.66% or $2.32 billion. The Asia-Pacific region and the Middle East are expected to be the fastest growing regions that Africa and Western Europe follow, followed by CAGRs of 15.74% and 14.71%, respectively.
The market is integrating around key players, with the top 10 competitors accounting for 41.97% of the market in 2023. IBM leads with a market share of 6.94%, followed by Microsoft, Google, SAS Institute and FICO.
By segment, the solution dominates the market by component, accounting for 66.96% or $4.13 billion in 2024. However, services are projected to grow at the fastest rate between 2024 and 2029 at a CAGR of 14.15%. In organizational size, large companies are the main segment today, while small businesses are set to grow rapidly at a CAGR of 15.01%. From an application perspective, model validation holds the largest share, while model monitoring expands quickly with a CAGR of 14.29%.
Industry vertical segmentation discovers IT and market-leading communications, and Healthcare offers the fastest growth outlook at a CAGR of 14.05% through 2029.
Rich opportunities across different segments: Solutions will be $3.32 billion, cloud-based models will be $3.65 billion, large companies will be $2.89 billion, model verification will be $1.72 billion, IT & Telecom will be $1.66 billion by 2029.
The new strategy highlights innovation through digital identity development and advances in AI models, ensuring competitive advantages. It is recommended that companies pursue strategic partnerships for business growth, strengthen their digital identity capabilities, and leverage emerging markets. Further recommendations include focusing on the service segment, expanding cloud-based services, targeting small and medium-sized businesses, and leveraging growth in the healthcare sector. Additionally, structured value-based pricing, strategic digital marketing, collaboration thought leadership and model monitoring are key focus areas.
Report scope
This report addresses pivotal questions about market size, growth, segmentation and competitive environment. Its scope includes detailed historical analysis and future forecasts, contextualizing the risk management market for AI models against broader economic, demographics, and industry changes.
Markets covered:
1) Components: Solutions; Services
2) Deployment mode: Cloud-based. On-premises
3) Organizational size: Large company. Small and Medium Enterprises
4) Application: Model documentation. Model governance. Monitoring; Verification
5) Industry Vertical: Banking, Financial Services, Insurance. Health Management; It & Telecom; Retail e-commerce; Other Vertical
The above companies: IBM; Microsoft Corp. ; Google LLC; SAS Institute; FICO Corp.
Countries: China; Australia; India; Indonesia; Japan; Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
Region: Asia Pacific. Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Historical and 10-year forecasts over five years.
Data Segmentation: Historical and forecast data for countries and regions, market share of competitors, and clear market segments.
Important attributes
Report attribute attribute. Pages326Forecast Period2024-2034 covers an annual growth rate of 12.9% global with a market value of $203.4 billion at $208.1 billion at $208.1 billion at $2024 Market Value (USD)
Companies featured in this AI Model Risk Management Market Report include:
International Business Machines CorporationMicrosoft Corp.Google LLCSAS Institutionfico Corp.Databricks Inc.MathWorks Inc.DataroBot Inc.Accenture Plcamama.com Inc.Baidu Ai CloudTencent AI Labsony AINEC AIKAKAO Brainlg ai Researchsamsung TechnologiestigiumTiger AnalyticsFractal AnalyticsInsign InfosecurityQuantmetrysia Partnersekimetricspwcbbva ai Factoryindrafaculty aidarktraceholistic aiquantexaernst & young (ey) uipathfiddler aiarthur aiTrueramodelopitau unibankobupou) 42 Holding Ltd, (G42) Thetarayoracle CorporationInformatica Inc.
For more information about this report, please visit://www.researchandmarkets.com/r/fxybx1
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AI Model Risk Management Market
