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Shadow AI Risk & Governance Market worth $8.64 billion by 2032 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Sept. 25, 2026 /PRNewswire/ — According to MarketsandMarkets™, the Shadow AI Risk & Governance Market is projected to grow from USD 1.39 billion in 2026 to USD 8.64 billion by 2032 at a CAGR of 35.6% during the forecast period. 

Browse 400 market data Tables and 50 Figures spread through 350 Pages and in-depth TOC on “Shadow AI Risk & Governance Market – Global Forecast to 2032”

Shadow AI Risk & Governance Market Size & Forecast: 

Market Size Available for Years: 2025–20322025 Market Size: USD 1.02 billion2026 Market Size: USD 1.39 billion2032 Projected Market Size: USD 8.64 billionCAGR (2026–2032): 35.6%

Shadow AI Risk & Governance Market Trends & Insights:

A key growth driver is the rapid spread of AI tools beyond centrally managed enterprise environments.By offering, the solutions segment is estimated to dominate the market in 2026.By solution type, AI access & agent governance is set to grow at the fastest rate, registering a CAGR of 47.2%.By deployment mode, the cloud segment is projected to grow at a rapid pace, at the highest CAGR of 36.7%.North America is estimated to account for the highest share of 44.0% of the Shadow AI Risk & Governance Market in 2026.

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Organizations are placing greater emphasis on documenting how AI applications are assessed, approved, monitored, and controlled, creating demand for technologies that can generate traceable evidence of governance activities. AI governance programs increasingly require records of risk assessments, policy decisions, control implementation, approvals, and monitoring outcomes rather than relying solely on written policies. This is creating demand for platforms that automate evidence collection, maintain audit trails, and provide centralized documentation across AI applications and governance processes. Recent industry research also indicates that organizations are moving toward more operationalized AI governance, increasing the need to connect governance activities with demonstrable controls and evidence.

Based on solution type, the AI data protection & security segment is expected to hold the largest market during the forecast period.

The AI data protection & security controls segment is supported by the need to secure sensitive enterprise information accessed and processed through AI applications. Organizations are deploying capabilities to identify sensitive data, monitor AI-related data flows, control information access, prevent unauthorized disclosure, and enforce data handling policies. Integration of AI applications with corporate databases, documents, SaaS platforms, and other enterprise repositories is increasing the need for stronger controls that protect confidential information while enabling legitimate AI use. Integration with existing data security and enterprise security infrastructure is also supporting adoption of these capabilities.

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By organization size, the SMEs segment is expected to register the highest CAGR during the forecast period.

The SMEs segment is supported by the growing availability of cloud-based and modular AI governance technologies that require limited infrastructure and internal resources. Smaller organizations are adopting AI across functions such as customer service, marketing, software development, finance, and operations, creating requirements for practical controls around AI usage. Solutions that automate AI risk assessment, policy management, usage monitoring, compliance documentation, and security enforcement are helping organizations address these requirements with smaller technology and governance teams. Subscription-based platforms and integrated solutions are further lowering implementation complexity and enabling SMEs to expand governance capabilities as their use of AI increases.

By region, North America is estimated to account for the largest market share during the forecast period.

North America is expected to account for the largest share of the Shadow AI Risk & Governance Market, supported by its established cybersecurity ecosystem, concentration of AI technology providers, and continued development of practical frameworks for managing AI-related risks. In the US, NIST is expanding its AI risk-management work through updates to the AI Risk Management Framework, AI standards initiatives, and security-focused guidance covering generative AI and AI agent systems. NIST is also developing a Trustworthy AI in Critical Infrastructure Profile to provide sector-specific risk-management practices for organizations deploying AI-enabled capabilities. In Canada, government initiatives are advancing responsible AI through the national AI strategy, AI transparency measures, privacy modernization, and guidance for the responsible use of generative and agentic AI. These developments, alongside the presence of established cybersecurity and AI governance providers, are supporting demand for AI discovery, data protection, policy management, risk assessment, and access controls across enterprises in the region.

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Top Companies in Shadow AI Risk & Governance Market:

The Top Companies in Shadow AI Risk & Governance Market are Palo Alto Networks (US), Microsoft (US), Zscaler (US), Netskope (US), Cisco (US), IBM (US), ServiceNow (US), OneTrust (US), Forcepoint (US), Proofpoint (US), Credo AI (US), Holistic AI (UK), Mindgard (US), Cranium AI (US), NeuralTrust (Spain), ModelOp (US), Monitaur (US), Saidot (Finland), Relyance AI (US), Truyo (US), Airia (US), Trustible (US), HiddenLayer (US), Check Point (Israel), AI Shadow (US), Zenity (US), Noma Security (Israel), and Harmonic Security (US).

Shadow AI Risk & Governance Market – Investment & funding +Merger & Acquisition

Investment Funding Context

The Shadow AI Risk & Governance Market is attracting investment as vendors expand capabilities across AI discovery, governance, data protection, risk management, and agent security. Zenity raised USD 125 million in Series C funding in August 2026, bringing its total funding to approximately USD 185 million, to accelerate its AI agent security platform and global expansion. Airia secured USD 100 million in funding in September 2025 to expand its AI governance, security, and orchestration capabilities for enterprises. ModelOp raised USD 10 million in Series B funding in August 2024 to expand its AI governance software, portfolio intelligence, and automated governance capabilities. These investments indicate increasing investor interest in specialized platforms addressing AI visibility, governance, security, and control requirements.

Revenue Shift Context

The Shadow AI Risk & Governance Market is evolving toward integrated platforms that bring multiple control functions together across enterprise AI environments. Spending is expanding beyond basic AI discovery toward governance and policy management, data protection and security controls, risk and compliance management, and AI access and agent governance. Solutions remain the primary offering, while services are gaining importance as organizations require support for implementation, integration, risk assessments, policy development, testing, assurance, and managed governance. This shift is creating opportunities for vendors that can combine multiple governance and security capabilities within a unified enterprise architecture.

Mergers and Acquisitions

Mergers and acquisitions in the Shadow AI Risk & Governance Market are increasingly focused on adding AI security, identity, access management, asset visibility, and governance capabilities to broader enterprise technology portfolios. Recent transactions involving Palo Alto Networks, ServiceNow, and Armis reflect growing consolidation as established technology and cybersecurity providers expand their capabilities across AI applications, data, identities, and connected assets. These developments are contributing to the integration of AI governance with broader security and risk-management platforms.

SHADOW AI RISK & GOVERNANCE MARKET: MERGERS AND ACQUISITIONS, JANUARY 2024–SEPTEMBER 2026

Month & Year

Deal Type

Company 1 

Company 2

Description

April 2026

Acquisition

ServiceNow (US)

Armis (US)

ServiceNow completed its acquisition of Armis, adding real-time visibility and cyber exposure management across connected assets. Combined with Veza, the capabilities extend visibility across assets, permissions, human identities, machine identities, and AI agents.

March 2026

Acquisition

ServiceNow (US)

Veza (US)

ServiceNow completed its acquisition of Veza, adding AI-native identity security and access intelligence across applications, data, cloud environments, and AI agents. The combination strengthens identity governance and least-privilege controls for AI and machine identities.

July 2025

Acquisition

Palo Alto Networks (US)

Protect AI (US)

Palo Alto Networks completed the acquisition of Protect AI for approximately USD 634.5 million, strengthening capabilities across AI application and model security, risk assessment, AI security posture management, runtime protection, and AI agent security.

Company Revenue Share Details

The Shadow AI Risk & Governance Market remains highly fragmented, with the top five players collectively accounting for approximately 13.8% of total market revenue. The competitive landscape includes diversified technology and cybersecurity providers such as Cisco, Microsoft, Zscaler, Palo Alto Networks, ServiceNow, and IBM, alongside specialized vendors such as Tuya, Airia, Mindgard, NeuralTrust, Credo AI, ModelOp, and Zenity. Established providers are extending their broader security, data, identity, and enterprise technology platforms to address AI governance requirements, while specialized vendors focus on AI discovery, governance, data protection, risk assessment, AI security, and agent controls. The remaining market is distributed across numerous emerging and specialized providers, reflecting the fragmented nature of the market and the coexistence of diversified technology companies, cybersecurity platforms, and dedicated AI governance and security vendors.

Browse Adjacent Markets: Information Security Market Research Reports & Consulting

Related Market Reports:

AI Governance Market by Functionality (Model Lifecycle Management, Risk & Compliance, Monitoring & Auditing, Ethics & Responsible AI), Product Type (End-to-end AI Governance Platforms, MLOps & LLMOps Tools, Data Privacy Tools) – Global Forecast to 2029

AI Model Risk Management Market Size, Share, Growth Analysis, By Offering (Software Type and Services), Application (Fraud Detection & Risk Reduction, Regulatory Compliance Monitoring), Risk Type, Vertical and Region – Global Industry Forecast to 2029

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SMB study: Small banks lead in AI – but scale lags

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September 25, 2026

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AI use hits 64% in IT, but infrastructure and governance constrain broader deployment; new tool helps institutions see where they stand

CARY, N.C., Sept. 25, 2026 /PRNewswire/ — As AI use proliferates in the SMB sector, small banks, credit unions and lenders have put banking on the AI leaderboard – ahead of similarly sized firms in insurance, government, health care and life sciences – according to a recent AI readiness study by SAS, with research and analysis by IDC. Even so, the findings suggest institution-wide AI remains elusive.

IDC: “The right ecosystem and the right collaborators can turn integration complexity into a manageable, even accelerated, path forward.”

The study, AI for SMBs: Closing the Readiness‑Reality Gap, is based on a survey of 1,600 small and midsized business (SMB) leaders across 28 countries in five global regions. SMBs were defined as organizations with 100 to 999 employees in the U.S. and 100 to 499 employees in other markets.

Among five SMB industries examined, financial institutions show the strongest strategic alignment, most established governance practices and greatest integration of AI into day-to-day operations. Yet the study’s banking AI readiness findings* also expose significant growing pains:

AI use is concentrated in IT. Nearly two-thirds (64%) of small financial institutions use AI in IT. That’s compared with 47% in finance and risk, 44% in marketing, 42% in customer service and 39% in product development.Infrastructure is often a bottleneck. About 2 in 5 respondents (39%) say their infrastructure is not ready, or is too costly, for broader AI deployment.Governance concerns loom large. Security, privacy and compliance concerns are the top barrier to scaling AI, cited by 40% of small financial institutions.Fragmentation creates another drag. One-third (33%) cite the lack of a unified data, analytics and AI platform among their AI challenges.

The findings arrive as SAS heads to Sibos, Sept. 28 – Oct. 1 in Miami, where its experts will lead discussions on AI readiness, trust, agentic AI, payments and financial crime. Attendees can connect with SAS at Booth I073 throughout the conference.

“For smaller financial institutions, scaling AI does not mean recreating the technology architecture of a global bank,” said Chris Marshall, Vice President of Financial Services at IDC. “The smarter path is to focus internal resources where they create the most value and lean on technology and implementation partners to extend what the institution can accomplish on its own. The right ecosystem and the right collaborators can turn integration complexity into a manageable, even accelerated, path forward.”

Where small-bank AI goes next
Banking respondents’ top-cited near-term AI priorities show greater focus on practical capabilities than novelty:

Automating and streamlining core business processes (30%).Reducing costs through efficiency and automation (30%).Improving data quality and integration (28%).Increasing product and service innovation (26%).

Banking also leads the SMB industries studied in moving beyond isolated AI pilots. The most advanced institutions aren’t just adding more use cases but strengthening the foundations beneath.

“AI pilots often become islands of innovation,” said Alex Kwiatkowski, Director of Global Financial Services at SAS. “One team builds a high-impact fraud use case. Another launches a sharper risk model. A third automates a process. Each initiative delivers tangible benefits, but they don’t add up to an AI strategy.

“Real transformation requires organizations to bridge those islands – connecting siloed functions and decisioning capabilities through shared data, governance and infrastructure – so AI travels farther and faster across the organization.”

AI’s bigger payoff lies beyond IT, where it currently dominates. Expanding adoption across finance and risk, and into more customer-focused areas like marketing, customer service and product development, can compound isolated gains into more consequential, institution-wide returns – strengthening fraud and risk management, customer experience, product innovation and more.

On Oct. 16, SAS will host a webinar to further explore these issues. AI Readiness vs. Reality: Moving Beyond the Hype in Banking and Insurance will focus on practical, responsible strategies for turning AI ambition into business impact.

How AI-ready is your institution?
Small and midsized banks and credit unions can benchmark their own AI maturity with SAS’ AI Readiness Calculator. The 11-question assessment, based on the SAS and IDC AI Readiness Index, evaluates organizations across planning, building, enabling and executing.

Each participant receives a personalized report highlighting strengths, readiness gaps and recommended next steps based on the institution’s maturity stage, priorities and industry.

For more on applying AI across risk, fraud and customer experience, explore SAS’ AI in Banking resources.

*Source: IDC Resource Map Document, sponsored by SAS, SMB AI Readiness, Doc. #EUR154930226 [May 2026].

About SAS
SAS is a global leader in data and AI, helping organizations make confident decisions with AI they can trust. For decades, SAS has set the standard for delivering software that drives meaningful impact, incorporating deep industry expertise, transparency and governance. SAS gives you THE POWER TO KNOW®.

SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2026 SAS Institute Inc. All rights reserved.

Editorial Contact:
Danielle Bates
danielle.bates@sas.com
919-531-1959
sas.com/news

 

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Aleut Federal Unveils Advanced AV/VTC Collaboration Environment in Colorado Springs

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September 25, 2026

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COLORADO SPRINGS, Colo., Sept. 25, 2026 /PRNewswire/ — Aleut Federal (Aleut) has established a purpose-built audiovisual and video teleconferencing (AV/VTC) demonstration environment in Colorado Springs, giving government and industry stakeholders the opportunity to experience next-generation collaboration, room control, and video distribution technologies in a simulated secure environment.

The new space recreates an operationally representative AV/VTC environment where customers can explore how integrated technologies support secure, flexible, and mission-focused collaboration.

At the center of the installation is a Q-SYS VisionSuite-enabled architecture that brings advanced automation and intelligent video direction to the meeting experience. VisionSuite combines 17 points of biometric data with precise sound-positioning data from beamforming microphones to identify and frame individual speakers, automatically recall scenes, and dynamically control cameras as conversations unfold.

The result is a natural, professionally produced experience for remote participants, allowing them to follow interactions as though they were in the room without requiring manual camera operation or scene management.

“A major objective for us was to create something that goes beyond a showroom demonstration,” said Rob Hogue, Program Manager at Aleut. “We wanted customers and industry partners to experience these technologies working together as an integrated system, whether they’re in the room or joining remotely, and see firsthand how they can be applied to real-world requirements.”

Located in Colorado Springs, the facility expands regional access to next-generation AV/VTC capabilities, providing organizations and technical teams with a dedicated space for demonstrations, technical evaluations, and industry collaboration.

Aleut’s AV/VTC Systems Integration Group provides end-to-end capabilities spanning systems engineering, project management, installation, commissioning, logistics, and long-term user support. The Colorado Springs environment brings those disciplines together in a practical setting for testing, refining, and demonstrating these capabilities.

“Technology is evolving quickly, but introducing new capabilities into mission environments requires more than selecting the latest tools,” said Michael Bates, Chief Information Officer at Aleut. “This space gives our teams a platform to evaluate emerging technologies, refine how they work together, and turn that knowledge into integrated solutions for our customers.”

ABOUT ALEUT FEDERAL
Aleut Federal brings technology, innovation, and mission expertise together to solve complex challenges across the federal landscape. Our teams work at the intersection of emerging technology and real-world mission needs, delivering solutions across cybersecurity, data and AI, enterprise IT, digital modernization, and integrated technologies.

A subsidiary of The Aleut Corporation, one of 12 Alaska Native regional corporations established under the Alaska Native Claims Settlement Act, Aleut Federal and its subsidiaries’ success supports more than 5,000 Alaska Native shareholders and descendants and helps create lasting economic opportunity for Unangax̂ communities.

Through its SBA-certified 8(a) subsidiaries, Aleut Federal serves government customers across a range of mission areas. Learn more at aleutfederal.com/technology

Berlyn Martin
Aleut Federal, LLC
Phone: 571-560-0828

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LARRY KUDLOW TO HOST FOX NEWS CHANNEL’S SUNDAY MORNING FUTURES THROUGH MIDTERM ELECTIONS

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September 25, 2026

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Kudlow to Serve as Host Starting September 27th through November 8th

NEW YORK, Sept. 25, 2026 /PRNewswire/ — FOX Business Network’s (FBN) Larry Kudlow will host Sunday Morning Futures (10-11 AM/ET) starting this Sunday, September 27th through the weekend after the midterm elections (Sunday, November 8). A new host will be named at a later date.

Since joining FBN in 2021, Kudlow’s eponymous market-close program Kudlow (4PM/ET) has consistently ranked as the most-watched show in business television. Throughout his tenure with the network, he has interviewed key politicians, business leaders and administration officials including President Donald Trump, Treasury Secretary Scott Bessent, Elon Musk, House Speaker Rep. Mike Johnson, among others. He has also provided economic and political commentary across FOX News Media platforms.

Prior to joining FBN, Kudlow served as the Director of the National Economic Council and Assistant to the President for Economic Policy under President Trump from 2018 to 2021. He previously served as a senior contributor for CNBC where he hosted a number of programs, including his signature post-market analysis show The Kudlow Report. A staple of CNBC since its founding, he provided economic analysis across the network’s leading business programs, including regular appearances on Squawk Box. From 1981 to 1985, he was an associate director for economics and planning at the Office of Management and Budget in the Reagan administration. Additionally, Kudlow served as chief economist and senior managing director of then-global investment bank, securities trading and brokerage firm Bear Stearns.

FOX News Channel (FNC) is a 24-hour all-encompassing news service and has been the number one network in basic cable for the last 10 years and the most-watched television news channel for more than 24 consecutive years, currently attracting nearly 60% of the cable news viewing audience according to Nielsen Media Research. Notably, Nielsen/MRI Fusion has consistently shown FNC to be the network of choice for more Democrat and Independent viewers, with the most politically diverse audience in cable news. A 2026 New York Times/Siena poll of registered voters found that FNC was the leading single source of news in the country, outranking all national television, cable and print/online organizations, while a 2024 Pew Research Center study found that more Americans named FNC as their main source for political news than any other network. FNC is available in more than 60 million homes including streaming on FOX One and dominates the cable news landscape, routinely notching the top 10 programs in the genre. 

###

FOX News Media Contact:

Connor Smith: 212-301-3879 or Connor.Smith@FOX.com 

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