UK Artificial Intelligence market is estimated to grow significantly at a CAGR of 35.9% during the forecast period. UK is the 3rd largest economy after Germany and France in Europe. The digitalization of banking, insurance, healthcare, and business services in the country is the key driver for the growth of the AI in the country. The country has a well-developed infrastructure of ICT. The increasing number of start-ups will significantly contribute to the growth of the AI market in UK. Some of the start-ups working significantly in the AI sector include Onfido and Medopad. These start-ups have received impressive funding in past years. For instance, Onfido, an AI company has received Series B funding of around $25 million in 2016, led by Idinvest Partners. Further, in 2017, the company received $30 million, led by Crane Venture Partners.

The market is segmented on the basis of offering, end-user industry, and country. Based on offering, the market is divided into software & services and hardware. The market for software and services was the highest market during the forecast period. Based on the end-user industry, the market is segmented into manufacturing, automotive, IT and BFSI, healthcare, e-commerce & logistics, home appliances, and others.

In UK, London is the main center for AI startups and has around 80% of the AI companies among the top 50 lists in the country including DeepMind, Adbrain, and BenevolentAI along with the UCL, Kings and Imperial machine learning research groups. After London, Cambridge is a major place for the AI industries in the country. Startups including Evi, Vocal IQ, Cytora, SwiftKey, and Darktrace are situated here and have a link with the University of Cambridge’s Computer School. Amazon has also set-up a development center in London that focuses on machine learning. In Bristol, companies such as HP, Oracle, and BAE Systems have set-up their working facilities. 

Research Methodology

The market study of UK Artificial Intelligence (AI) market is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for IT companies, automobile companies, BFSI companies, private companies, healthcare companies, research institutes, hospitals, and government organizations for the overall market and competitive analysis. The report provides an in-depth analysis on market size, future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. UK Artificial Intelligence (AI) Market Research and Analysis by Offering

2. UK Artificial Intelligence (AI) Market Research and Analysis by End-User Industry

The Report Covers

• Comprehensive research methodology of UK Artificial Intelligence (AI) market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting UK Artificial Intelligence (AI) market.
• Insights about market determinants which are stimulating UK Artificial Intelligence (AI) market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.