UK Artificial Intelligence (AI) Market
UK Artificial Intelligence (AI) Market Size, Share and Trends Analysis Report By Component Outlook (Hardware, Software, Services), By Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision), By Deployment Mode Outlook (On-premises, Cloud), By Organization Size Outlook (Large Enterprises, SMEs), By Business Function Outlook (Finance, Security, Human Resources, Law, Marketing And Sales, Others) andBy Industry Vertical Outlook (BFSI, IT & Telecom, Healthcare, Retail, Automotive, Advertising & Media, Manufacturing, Others)- Forecast to 2035
Industry Developments
The UK Artificial Intelligence (AI) Market has seen significant developments recently, reflecting an increasing trend in adoption and investment. In October 2023, Babylon Health received substantial funding to enhance its AI-driven healthcare services. DeepMind has been actively collaborating with the NHS to improve patient outcomes through advanced learning algorithms. Notable growth was observed in the market valuation of companies such as Darktrace, which bolstered its standing following the successful implementation of AI solutions for cybersecurity threats. Mergers and acquisitions have also been notable, with Prowler.io acquiring several AI start-ups to expand its portfolio and capabilities in decision-making AI systems in September 2023. Additionally, Zegami raised investment earlier this year to boost its data visualization services, which combine AI with big data analytics. The UK government has increased funding for AI Research and Development programs, underlining the importance of AI technology in various sectors, including healthcare, automotive, and cybersecurity. The UK AI sector is projected to reach a valuation of 200 billion by 2025, emphasizing its role as a major player in the global tech landscape.
Report Scope
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 10.89(USD Billion) |
| MARKET SIZE 2024 | 15.0(USD Billion) |
| MARKET SIZE 2035 | 40.0(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 9.326% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | ThoughtWorks, DeepMind, Zegami, Sherpa.ai, Fathom AI, ASOS, Arria NLG, Babylon Health, Geometric Intelligence, Darktrace, Prowler.io, FiveAI, Beyond Limits, DataRobot, Cortica |
| SEGMENTS COVERED | Component Outlook, Technology, Deployment Mode Outlook, Organization Size Outlook, Business Function Outlook, Industry Vertical Outlook |
| KEY MARKET OPPORTUNITIES | Healthcare AI solutions, AI-driven cybersecurity, Natural language processing tools, AI in retail optimization, Autonomous vehicle technologies |
| KEY MARKET DYNAMICS | technological advancements, regulatory frameworks, investment trends, skilled workforce availability, ethical considerations |
| COUNTRIES COVERED | UK |
FAQs
What is the projected market size of the UK Artificial Intelligence (AI) Market in 2024?
The UK Artificial Intelligence (AI) Market is expected to be valued at 15.0 USD billion in 2024.
What will the market value of the UK Artificial Intelligence (AI) Market be in 2035?
In 2035, the UK Artificial Intelligence (AI) Market is projected to reach a value of 40.0 USD billion.
What is the expected compound annual growth rate (CAGR) for the UK Artificial Intelligence (AI) Market from 2025 to 2035?
The expected CAGR for the UK Artificial Intelligence (AI) Market from 2025 to 2035 is 9.326%.
What are the main segments contributing to the UK Artificial Intelligence (AI) Market?
The UK Artificial Intelligence (AI) Market is segmented into hardware, software, and services.
What will be the market value for hardware in the UK Artificial Intelligence (AI) Market by 2035?
The market value for hardware in the UK Artificial Intelligence (AI) Market is expected to reach 10.0 USD billion by 2035.
What is the anticipated market size for software in the UK Artificial Intelligence (AI) Market in 2035?
In 2035, the software segment of the UK Artificial Intelligence (AI) Market is expected to be valued at 18.0 USD billion.
How much revenue is expected to be generated from services in the UK Artificial Intelligence (AI) Market by 2035?
The services segment of the UK Artificial Intelligence (AI) Market is projected to generate 12.0 USD billion by 2035.
Who are the major players in the UK Artificial Intelligence (AI) Market?
Major players in the UK Artificial Intelligence (AI) Market include companies like DeepMind, Darktrace, and Babylon Health.
What are some key applications driving growth in the UK Artificial Intelligence (AI) Market?
Key applications driving growth include healthcare, retail, and cybersecurity solutions.
What opportunities exist within the UK Artificial Intelligence (AI) Market for emerging technologies?
Opportunities in the UK Artificial Intelligence (AI) Market include advancements in machine learning and automation technologies.
Kindly complete the form below to receive a free sample of this Report
Customer Stories
“This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job”
“Thanks. It’s been a pleasure working with you, please use me as reference with any other Intel employees.”
“Thanks for sending the report it gives us a good global view of the Betaïne market.”
“Thank you, this will be very helpful for OQS.”
“We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.”
“I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”
“I have been reading the first document or the study, ,the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!”
“We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.”