Explainable Ai Market Worth $16.2 Billion By 2028, Growing At A Cagr Of 20.9%: Report By Marketsandmarkets

Explainable AI (XAI) is a concept of developing and using artificial intelligence systems in a way that allows humans to understand and interpret their decision-making processes. This transparency not only enhances trust and accountability in AI applications but also allows for better control, debugging, and improvement of these systems. The Explainable AI market is expected 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%. The market is segmented into solutions and services, with services expected to grow at the highest CAGR.