UK Artificial Intelligence Market Size & Outlook
UK artificial intelligence market, 2017-2030 (US$M)
Related Markets
UK artificial intelligence market highlights
- The UK artificial intelligence market generated a revenue of USD 11,892.7 million in 2023 and is expected to reach USD 89,795.9 million by 2030.
- The UK market is expected to grow at a CAGR of 33.5% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating solution in 2023.
- Services is the most lucrative solution segment registering the fastest growth during the forecast period.
Artificial intelligence market data book summary
| Market revenue in 2023 | USD 11,892.7 million |
| Market revenue in 2030 | USD 89,795.9 million |
| Growth rate | 33.5% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Advanced Micro Devices Inc, AiCure, ARM Holdings PLC ADR, Baidu Inc ADR, Alphabet Inc Class A, International Business Machines Corp, Intel Corp, Microsoft Corp, NVIDIA Corp |
Other key industry trends
- In terms of revenue, UK accounted for 6.0% of the global artificial intelligence market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany artificial intelligence market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 61,107.1 million by 2030.
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Artificial Intelligence Market Scope
Artificial Intelligence Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK artificial intelligence 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 artificial intelligence market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 35.75% in 2023. Horizon Databook has segmented the UK artificial intelligence market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
The U.K. government, alongside the British Standards Institution (BSI), the Alan Turing Institute, and the National Physical Laboratory (NPL), launched an innovative initiative to shape global AI technical standards. They aimed to establish comprehensive guidelines for AI development, deployment, and ethical usage worldwide.
The U.K. science and technology framework heavily utilizes artificial intelligence (AI) to advance innovation and drive progress across various industries. AI is integrated into research processes, data analysis, and technology development, benefiting healthcare, manufacturing, finance, and more sectors. These factors are responsible for the growth of the artificial intelligence market in the U.K.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK artificial intelligence market , including forecasts for subscribers. This country databook contains high-level insights into UK artificial intelligence market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UK artificial intelligence market size, by solution, 2017-2030 (US$M)
UK Artificial Intelligence Market Outlook Share, 2023 & 2030 (US$M)
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