Access to the global talent visa, proximity to thriving European markets, and government-funded incubators are combining to make the UK tech sector an attractive hub for worldwide talent. London ranks third in the world in terms of tech investment, with the US and China taking the lead.
British Tech Companies are Rapidly Expanding
With investors pumping £19.8 billion in venture capital funding into high-growth start-up companies, the market is currently on track to experience a compound annual growth rate of 7.14% in the next 4 years. As the demand grows, it’s currently estimated that there are going to be 705,000 job opportunities within the sector by 2025. The government has pledged £3.5 billion to the tech sector, with £1 billion being allocated to AI research.
Gaming engineers specifically, are now finding more uses than ever for artificial intelligence. With the casino sector rising to a market value of £14.7bn in 2023, gaming developers who specialise in casino games often utilise AI to ensure a fair outcome for players. When analysing how many numbers on a roulette wheel there are, players can adopt strategies and evaluate the best numbers on the roulette wheel and the ideal combinations, which helps provide the same experience you’d have with live roulette, which is one of the main reasons why casino games are so popular amongst gamblers.
Without AI, games such as roulette and slots would be a far cry from the games people know and love today, as AI-powered RNG would simply not exist. With AI being embraced so much by game developers, it’s no surprise to see that top earning roles are seeing UK gaming engineers earning an annual salary of up to £92,000, which is up 18% from the previous years.
Heavy Backing from Government Initiatives
Heavy backing from several government initiatives, including the £200m digital skills fund, is helping to drive industry growth for workers. The funding aims to provide people with higher qualifications so that they can create more in-demand skills. This is seen as an alternative to a three-year degree. Strategic investments such as this, in the UK’s workforce are helping to lift the industry to new heights. It is helping to foster job creation, and it is inspiring the ecosystem to be more innovative.
The UK is securing its place as one of the top locations for software engineers, with salaries on average, increasing by 8% on a yearly basis. Fronted engineers are among the top three in-demand roles, and senior game developers who specialise in niche sectors, or who have experience working with AI, are also on the rise. This as a whole is helping the UK to attract worldwide talent, with people coming from across the world to be part of the thriving tech-focused economy.
With more investments being injected into the tech market by the year, the future is bright for the UK, and workers who have a place in the tech market.
For more news click thebritaintimes.co.uk