Europe Explainable Ai Market Size & Outlook, 2025-2030
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Europe explainable ai market highlights
- The Europe explainable ai market generated a revenue of USD 1,847.3 million in 2024.
- The market is expected to grow at a CAGR of 15.1% from 2025 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2024.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2025 to 2030.
Europe data book summary
| Market revenue in 2024 | USD 1,847.3 million |
| Market revenue in 2030 | USD 4,281.8 million |
| Growth rate | 15.1% (CAGR from 2025 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | Amelia, BuildGroup, DataRobot, Ditto, DarwinAI, Factmata, Alphabet Inc Class A, International Business Machines Corp, Kyndi, Microsoft Corp |
Other key industry trends
- In terms of revenue, Europe region accounted for 23.7% of the global explainable ai market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,375.7 million by 2030.
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Explainable AI Market Scope
Explainable AI Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Kyndi | View profile | 11-50 | San Mateo, California, United States, North America | http://www.kyndi.com/ |
| Factmata | View profile | 1-10 | London, England, United Kingdom, Europe | http://factmata.com |
| DarwinAI | View profile | 11-50 | Waterloo, Ontario, Canada, North America | https://darwinai.com |
| Ditto | View profile | 11-50 | Manchester, Manchester, United Kingdom, Europe | http://www.ditto.ai/ |
| BuildGroup | View profile | 1-10 | Austin, Texas, United States, North America | http://www.buildgroup.com |
| DataRobot | View profile | 501-1000 | Boston, Massachusetts, United States, North America | http://datarobot.com |
| Amelia | View profile | 1001-5000 | New York, New York, United States, North America | https://amelia.ai |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
Europe explainable ai market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to explainable ai market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 93.6% in 2024. Horizon Databook has segmented the Europe explainable ai market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
Europe shows steady growth in explainable AI, driven by data privacy laws such as GDPR. Governments and organizations focus on ethical AI deployment. The healthcare and automotive industries are key adopters.
Collaborative AI research initiatives enhance technology development. Demand for AI transparency rises due to strict regulatory environments.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe explainable ai market , including forecasts for subscribers. This continent databook contains high-level insights into Europe explainable ai market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe explainable ai market size, by country, 2018-2030 (US$M)
Europe Explainable AI Market Outlook Share, 2024 & 2030 (US$M)
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