The size of the AI market in the UK is expected to stand at just over four-point-five billion GBP in 2024. The market, following the UK's strong funding and innovation towards AI, is expected to grow beyond 20 billion GBP by the end of the decade in 2030.

As of 2024, the majority of surveyed users in Great Britain see benefits and risks as equal in the use of artificial intelligence (AI) solutions. Around 25 percent claim they see more risks than benefits, and only about 16 percent think there are more benefits than risks of AI use.

Indicators from the Opinions and Lifestyle Survey (OPN) on the public's awareness, opinions and expectations about artificial intelligence (AI) Uses longer data collection periods to allow estimates from various personal characteristics.

Forecast: Total Number of Scientific Publications in Artificial Intelligence in the UK 2024 - 2028 Discover more data with ReportLinker!

Understanding of and attitudes towards the use of artificial intelligence (AI); indicators from the Opinions and Lifestyle Survey (OPN).

In 2024, the majority of HR managers in the UK claimed to have a good understanding generally of what artificial intelligence (AI) is. Only 19 percent stated they had a good understanding of the technology, with 35 percent agreeing that AI can significantly imporve HR within their organization.

Forecast: Share of Scientific Publications Involving International Collaboration in Artificial Intelligence in the UK 2024 - 2028 Discover more data with ReportLinker!

Forecast: Total Number of 10% Top-Cited Scientific Publications in Artificial Intelligence in the UK 2024 - 2028 Discover more data with ReportLinker!

The AI market in the UK is expected to grow at 34 percent in 2024. From then it will be slowing to just over 23 percent by the end of the decade in 2030. The UK's focus and support for AI projects is expected to be a considerable factor on the market growth of AI.

Forecast: Share of Corresponding/Leading Author in Scientific Publications in Artificial Intelligence in the UK 2024 - 2028 Discover more data with ReportLinker!

The machine learning market in the UK is expected to grow by nearly 56 percent by the end of 2024. This staggering growth rate can be attributed in large part to the national focus that the UK government has placed on this new technology. The market will continue growing strongly through the decade until 2030, though slowing down slightly in the coming years.

In the United Kingdom, retailers are inevitably using Artificial Intelligence (AI) technologies to help with data and analytics in their business. The use of AI in e-commerce was also widely adopted at 83 percent, while 77 percent of UK retailers were deploying AI tech in customer services such as chatbots. From a supply chain perspective, AI was adopted only by half of the UK retailers surveyed in this study. 57 percent of retailers benefitted from AI in warehousing stock management area, while warehousing robotics and logistics were only adopted by less than half of retailers as of 2019.

The dataset consists of variables linked to the benefits, risks, and impacts of AI and regional development in a variety of areas. Sources of the data: Office for National Statistics (ONS), UK.

Base Year 2023 Forecast Period 2024-2028 Market Growth X.XX%*

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Cloud Artificial Intelligence (AI) Market Size 2024-2028

The cloud artificial intelligence (ai) market size is forecast to increase by USD 12.61 billion at a CAGR of 24.1% between 2023 and 2028.

The market is experiencing significant growth, driven by the emergence of technologically advanced devices and the increasing adoption of 5G and mobile penetration. These factors enable the integration of AI technologies into various applications, leading to improved efficiency and productivity. However, the market also faces challenges from open-source platforms, which offer free AI solutions, making it difficult for market players to compete on price. Despite this, the market is expected to continue its growth trajectory, driven by the increasing demand for AI solutions in various industries, including healthcare, finance, and retail. Organizations are leveraging cloud-based AI solutions to gain insights from their data, automate processes, and enhance customer experiences.The market analysis report provides a comprehensive overview of these trends and challenges, offering valuable insights for stakeholders looking to capitalize on the growth opportunities In the cloud AI market.

What will be the Size of the Cloud Artificial Intelligence (AI) Market During the Forecast Period?

Request Free SampleThe market is experiencing robust growth, driven by the increasing adoption of machine learning (ML), deep learning, neural networks, and generative AI technologies. These advanced algorithms are revolutionizing various industries by emulating human intelligence in speech recognition, digital media, diagnostics, cybersecurity, and business decision-making. Hyperscale cloud platforms are becoming the preferred infrastructure for AI applications due to their ability to handle massive data processing requirements. Cloud AI solutions are transforming IT services by automating routine tasks, enhancing data analytics, and improving human capital management. They offer significant cost savings by eliminating the need for expensive hardware and maintenance. Moreover, AI-driven cloud management and data management solutions enable predictive analytics, personalization, productivity, and security enhancements.In addition, AI is playing a pivotal role in threat detection and cybersecurity, ensuring business continuity and data protection. Overall, the cloud AI market is poised for exponential growth, as organizations continue to leverage AI to gain a competitive edge In their respective industries.

How is this Cloud Artificial Intelligence (AI) Industry segmented and which is the largest segment?

The cloud artificial intelligence (ai) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ComponentSoftwareServicesGeographyNorth AmericaUSEuropeGermanyUKAPACChinaJapanSouth AmericaMiddle East and Africa

By Component Insights

The software segment is estimated to witness significant growth during the forecast period.

Artificial Intelligence (AI) software replicates human learning and behavior, revolutionizing various business sectors. AI development involves creating new software or enhancing existing solutions to deliver analytics results and trigger actions based on them. Applications of AI include automating business processes, personalizing services, and generating industry-specific insights. The digitization trend has driven industrial transformations, with healthcare being a prime example. According to BDO's Healthcare Digital Transformation Survey, 93% of US healthcare organizations adopted digital transformation strategies in 2021, integrating AI, computing, and enterprise resource planning software. AI functionality encompasses speech recognition, machine learning (ML), deep learning, neural networks, generative AI, automation, decision-making, and more.Hyperscale cloud platforms, IT services, infrastructure, data analytics, human capital management, cost savings, cloud management, data management, predictive analytics, personalization, productivity, security, threat detection, integration, talent gap, and chatbots are significant AI applications. AI tools process data, power business intelligence, and enable lower costs through ML-based models and GPUs. Enterprise datacenters, virtualization, public clouds, private clouds, and hybrid cloud solutions leverage AI for non-repetitive tasks. AI streamlines workloads, automates repetitive tasks, monitors and manages IT infrastructure, and offers dynamic cloud services. AI is transforming industries, from retail inventory management to financial organizations, providing competitive advantages through cost savings and improved decision-making capabilities.

Get a glance at the Cloud Artificial Intelligence (AI) Industry repo

Base Year 2023 Forecast Period 2024-2028 Market Growth X.XX%*

This statistic displays the share of generational groups who think that artificial intelligence will save the world in the United Kingdom (UK) in 2017. When this statement was put to them, the generational group who agreed with it the most was the Gen Z group with 17 percent agreeing. The group who agreed with this the least was the Boomers group, with only four percent agreeing that artificial intelligence will save the world.

The Generative AI market in the United Kingdom is expected to stand at nearly one-point-four billion GBP by the end of 2024. From then it is expected to grow to nearly 14 billion GBP by the end of the decade in 2030.