Market Size of Ireland Telecom Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.24 Billion |
| Market Size (2029) | USD 3.86 Billion |
| CAGR (2024 - 2029) | 3.52 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Ireland Telecom Market Analysis
The Ireland Telecom Market size is estimated at USD 3.24 billion in 2024, and is expected to reach USD 3.86 billion by 2029, growing at a CAGR of 3.52% during the forecast period (2024-2029).
- Ireland’s telecommunications sector has witnessed a significant transformation in recent years, with numerous telecom companies vying for attention in this competitive market. From traditional landline services to cutting-edge fiber-optic networks, businesses have a plethora of options.
- Dublin City Council established a 'Telecoms Unit' in April 2022 to centralize and consolidate telecommunications and digital infrastructure functions into a dedicated unit within the City Council. The unit is a one-stop-shop for all telecoms-related activities, providing a single point of contact for citizens, industry, and other public bodies to engage with.
- In the fiber telecoms industry, organic growth is generally achieved through evolutions in the hardware and software that light the fiber. Better speeds can be achieved through improvements in the technology. For example, Enet is able to deploy 100 Gbps technology on existing national fiber networks in the country, and it is in the process of deploying 400 Gbps over these same networks.
- The challenge the industry in Ireland needs to meet is the availability of suitable underlying fiber. This fiber needs to reach a certain quality threshold if the full power of 800 Gbps can be achieved. Simultaneously, government policies and the regulatory framework are vital to facilitate a conducive environment for such technological investment. ComReg, in September 2022 (following consent of the Minister for Environment, Climate, and Communications), also adopted the Wireless Telegraphy (Liberalised Use and Related Licences in the 700 MHz Duplex, 2.1 GHz, 2.3 GHz, and 2.6 GHz Bands) (Amendment) Regulations 2022 (SI 483/2022).
- After the COVID-19 pandemic, the B2B network powered the modern ways of working and helped support SMEs' transition to a remote and hybrid working environment. Players focused more on investment in telephony services. The cloud-based VoIP provider IP Telecom aimed to reach EUR 11 million (USD 11.98 million) in revenue in 2024 and expand its telephony services. The company secured EUR 6 million (USD 6.53 million) to fuel its growth and acquisition plans to increase its revenue. The company adopted its own hybrid working model after the pandemic.
