Get a free sample or ask us to tailor this report to your needs. North America dominated the large language model market with a share of 32% in 2024. Free report customization (equivalent up to 8 analysts’ working days) with purchase. Application, deployment, industry vertical, region Revenue forecast, company ranking, competitive landscape, growth factors, and trends
The R&D scheme is a vital lifeline for many tech businesses in the UK and encouragingly we found an improved approval rate compared to when we asked in 2024. 98% of the tech businesses we surveyed submitted an R&D claim in the last 12 months. RSM UK, like so many UK tech businesses, are looking across the pond. Read more about the technology funding landscape in our report
Secure and scale
Fintech startups need to address market concerns through transparency and demonstrating strong business fundamentals to regain investor confidence and improve valuations. AI is the primary driver of growth in the venture market, with startups in this sector raising $18.3 billion in Q2 2024, accounting for 28% of the global total — the highest share on record. The One Big Beautiful Bill (OBBB), enacted on July 4, 2025, is shaking up the tax world for everyone, from businesses focused on growth to families planning for their future. From AI’s impact on work to evolving global investment, RSM experts reveal insights on funding, talent and innovation. Explore our insights to see how tech leaders are navigating growth, infrastructure challenges, and the AI revolution. However, further refinements are needed for the UK to remain an attractive place for tech businesses to thrive.
Global data traffic is projected to grow significantly from 1,565 exabytes in 2021 to 7,676 exabytes in 2028. This trend can boost investor confidence, providing better opportunities for growth and funding. Anticipate having to show more product development, product-market-fit progress, and financial metrics at more modest valuations. Public valuations are strong except in the fintech sector, and tech layoffs are easing. Explore more about workforce challenges in our full report Read more about UK and the US in our full report
- Just 26% of those we surveyed reported being easily able to access funds.
- Drive a shared understanding across the organization of how to harness data more effectively to support rapid and informed decision-making.
- Although TechInsights has been the leading supplier of technical analysis in the semiconductor market since its inception, Chipworks was a strong competitor providing complementary technical expertise.
- Of executives agree that chatbots that all sound the same are creating differentiation challenges for organizations like theirs.
The demand for business returns drives AI for sustainability
AI investment (not specifically generative AI) is also seen as contributing to overall spending growth. Analysts estimate that public cloud spending will grow by more than 20%, and they foresee stronger demand for cybersecurity. With global and economic uncertainties continuing into 2024, these recommendations remain important. But the industry has hit several speed bumps over the past two years.
A recent report highlighted that while 82% of surveyed executives believe secure, trustworthy AI is essential, only 24% of current gen AI projects are secured—potentially leaving sensitive data and models exposed.29 At the same time, gen AI holds promise for helping organizations better protect themselves. Because their products, services, and intellectual property are often digital, tech companies can be especially susceptible to attacks. Deloitte’s 2025 technology industry outlook seeks to identify the strategic issues and opportunities for tech organizations to consider in the coming year, including their impacts, key actions CyberPress: Digital news and insights to take, and critical questions to ask. A year ago, Deloitte proposed that tech companies refocus their sights on innovation and growth.