Ireland ICT Market Size (2024 - 2029)

Ireland ICT Market Analysis

The Ireland ICT Market size is estimated at USD 21.86 billion in 2024, and is expected to reach USD 32.56 billion by 2029, growing at a CAGR of 8.39% during the forecast period (2024-2029).

• Ireland is a pivotal player in Europe's information and communication technology (ICT) and software sector. With a reputation as a tech start-up hub, Dublin is a country for growth opportunities in Europe. Ireland's ICT market is known for its economy, rich expertise, innovation, and development. The market presents ample opportunities for businesses to enhance their efficiency and competitiveness through the adoption of cloud computing, AI, IoT, and data analytics.
• There is an increasing demand for consulting, integration, and implementation services driven by the need for digital transformation across various industries. While Dublin has attracted several international players, other regions in Ireland also host many companies. Notably, sectoral clusters are prominent in the Midwest, including Limerick and its surroundings, and in the southeast, particularly in Waterford and Kilkenny. Additionally, Cork is a pivotal location, serving as the headquarters for Apple Inc.'s EMEA operations.
• Ireland's universities are leaders in ICT and software, fostering robust ties with the market. This has endowed Ireland with one of Europe's youngest and most educated workforces. The Technology Ireland ICT Skillnet, a government-backed initiative, is a pivotal business-support network. It links teams and individuals, spanning small to large enterprises, to provide subsidized, state-of-the-art tech training programs.
• There is a strong talent pool in the country. However, there is a persistent shortage of specialized skills in areas such as cybersecurity, artificial intelligence, data analytics, and advanced software development. The skill gap hinders the ICT market’s growth in Ireland.
• The digital transformation sector witnessed a positive surge in the wake of the COVID-19 pandemic. Post-pandemic, firms grappled with significant losses, prompting a pronounced shift toward digitalization. This intensified focus on digital operations, with companies investing in enhancing operational efficiency. Consequently, the sector saw a notable growth in mobile cellular connections, which increased the momentum of digital technologies.

Ireland ICT Industry Segmentation

Information and communication technologies, or ICT, is a broader term for information technology (IT). It refers to all communication technologies, such as wireless networks, the Internet, computers, cell phones, software, videoconferencing, middleware, social networking, and other media applications and services, that enable users to store, access, transmit, retrieve, and manipulate information in digital form.

The Irish ICT market is segmented by type (hardware, software, IT services, and telecommunication services), size of enterprise (small and medium enterprise and large enterprises), and industry vertical (BFSI, IT and telecom, government, retail, and e-commerce, manufacturing, energy and utilities, and other industry verticals). The market size and forecasts are provided in value (USD) for all the above segments.