UK Generative Ai Market Size & Outlook, 2024-2030
UK generative ai market, 2017-2030 (US$M)
Related Markets
UK generative ai market highlights
- The UK generative ai market generated a revenue of USD 688.9 million in 2024 and is expected to reach USD 4,480.0 million by 2030.
- The UK market is expected to grow at a CAGR of 30.5% from 2025 to 2030.
- In terms of segment, software was the largest revenue generating component in 2024.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Generative ai market data book summary
| Market revenue in 2024 | USD 688.9 million |
| Market revenue in 2030 | USD 4,480.0 million |
| Growth rate | 30.5% (CAGR from 2024 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2017 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Ai Holdings Corp, Amazon.com Inc, International Business Machines Corp, Alphabet Inc Class A, Microsoft Corp, Adobe Inc |
Other key industry trends
- In terms of revenue, UK accounted for 4.1% of the global generative ai market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany generative ai market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 4,892.3 million by 2030.
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Generative AI Market Scope
Generative AI Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK generative 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 generative ai market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 64.65% in 2024. Horizon Databook has segmented the UK generative ai market based on software, services covering the revenue growth of each sub-segment from 2017 to 2030.
The U.K. government recently revealed substantial investment in the country's creative sectors, including virtual production. This expenditure is anticipated to contribute to developing the infrastructure required to support the rising demand for virtual production services, including sound stages and virtual production facilities.
In March 2023, the U.K. government committed to creating a code of practice for generative artificial intelligence (AI) companies to facilitate access to copyrighted material and follow up with specific legislation if a satisfactory agreement cannot be reached between AI firms and those in creative sectors.
Similarly, in April 2023, the government committed £100m to help the UK develop and build out generative artificial intelligence capabilities.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK generative ai market , including forecasts for subscribers. This country databook contains high-level insights into UK generative ai market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UK generative ai market size, by component, 2017-2030 (US$M)
UK Generative AI Market Outlook Share, 2024 & 2030 (US$M)
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