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.
Machine learning market growth in the United Kingdom from 2021 to 2030
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Definition: Machine learning is a branch of artificial intelligence that involves the use of algorithms and statistical models to enable computer systems to learn from data and improve their performance on a task. It has a wide range of applications, including image and speech recognition, natural language processing, and predictive analytics. The Machine Learning market includes software platforms, tools, and services that enable organizations to develop and deploy machine learning applications.
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Statista. (April 15, 2024). Machine learning market growth in the United Kingdom from 2021 to 2030 [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/forecasts/1461546/machine-learning-market-growth-uk
Statista. "Machine learning market growth in the United Kingdom from 2021 to 2030." Chart. April 15, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/forecasts/1461546/machine-learning-market-growth-uk
Statista. (2024). Machine learning market growth in the United Kingdom from 2021 to 2030. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/forecasts/1461546/machine-learning-market-growth-uk
Statista. "Machine Learning Market Growth in The United Kingdom from 2021 to 2030." Statista, Statista Inc., 15 Apr 2024, https://www.statista.com/forecasts/1461546/machine-learning-market-growth-uk
Statista, Machine learning market growth in the United Kingdom from 2021 to 2030 Statista, https://www.statista.com/forecasts/1461546/machine-learning-market-growth-uk (last visited August 25, 2024)
Machine learning market growth in the United Kingdom from 2021 to 2030 [Graph], Statista, April 15, 2024. [Online]. Available: https://www.statista.com/forecasts/1461546/machine-learning-market-growth-uk