AI Trust, Risk and Security Management Market Set to Reach $7.44 Billion by 2030 Driven by Rising Need for Explainability and Compliance

AI Trust, Risk and Security Management Market: Size, Share & Trends Analysis

The AI Trust, Risk and Security Management (TRiSM) market, valued at USD 2.34 billion in 2024, is set to grow to USD 7.44 billion by 2030. This represents a compound annual growth rate (CAGR) of 21.6%. As AI adoption widens across industries, concerns about bias, explainability, and security vulnerabilities are pushing organizations to invest more in AI TRiSM solutions.

Regulatory attention on responsible AI systems strengthens the case for these technologies. Recent developments illustrate this demand: Resistant AI raised USD 11 million in June 2023 to develop AI security solutions for financial institutions, highlighting how critical AI security is becoming—especially in finance.

Collaboration between AI TRiSM providers and technology companies is expanding the ecosystem. Integrating data security platforms, explainable AI tools, and monitoring systems allows solutions to be customized for industries like healthcare, finance, and manufacturing. This approach tackles sector-specific AI challenges directly.

Generative AI foundation models bring new challenges related to data exchange and privacy. These require advanced tools for data management, privacy assurance, and content filtering. AI TRiSM developers have an opportunity to work alongside policymakers to create solutions addressing these needs.

Market Highlights

• The solution segment accounted for about 70% of global AI TRiSM revenue in 2024, with services expected to grow significantly.
• Explainability led revenue shares in 2024, while ModelOps is projected to see notable growth.
• Governance & compliance captured the largest revenue share in 2024; bias detection & mitigation will grow substantially.
• On-premises deployments held the largest market share in 2024; cloud solutions are expected to rise notably.
• Large enterprises generated the biggest revenue share in 2024, but small and medium enterprises (SMEs) are set to expand rapidly.
• The IT & telecom sector led the market in 2024, with healthcare poised for significant growth.

Why This Report Matters for Management Professionals

• Comprehensive Market Analysis: Access detailed insights across regions and segments to inform strategic planning.
• Competitive Landscape: Understand where key players stand to anticipate market moves.
• Future Trends: Identify market drivers and trends that will shape investment and operational decisions.
• Actionable Recommendations: Use clear insights to uncover new revenue streams and guide business strategies.

This report covers:

• Market intelligence to support informed decision-making
• Estimates and forecasts from 2018 to 2030
• Growth opportunities and trend analysis
• Segment and regional revenue forecasts
• Competition strategy and market share analysis
• Product innovation listings for positioning

Leading Companies in AI TRiSM

• AT&T Inc.
• International Business Machines Corporation (IBM)
• LogicManager, Inc.
• Moody's Analytics, Inc.
• RSA Security LLC
• SAP SE
• SAS Institute Inc.
• ServiceNow Inc.
• Hewlett-Packard Enterprise Development LP
• Rapid7

Key Market Attributes

• Pages: 150
• Forecast Period: 2024 - 2030
• Market Value in 2024: USD 2.34 Billion
• Forecasted Market Value in 2030: USD 7.44 Billion
• Compound Annual Growth Rate: 21.6%
• Regions Covered: Global

For managers looking to stay ahead in AI trust and security, understanding these market dynamics is essential. The growing need to manage AI risks and ensure compliance is driving investments that will shape the future of AI adoption across sectors.

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