Ireland Software Development Market - Forecast (2024-2030)

The market for Ireland Software Development is estimated to reach $11.41 Billion in 2030 at a CAGR of 5.9% during forecast period 2024-2030. Ireland is recognised internationally as a top site for enterprises in the software sector as the world's second largest software exporter. Microsoft, Google, Apple, and Facebook are among the top 20 global technology companies with strategic operations in Ireland. The growing demand of cloud services as well as the expansion of it, is set to boost its market growth. As a part of this, last July, internet giant Amazon Web Services (AWS) gave the Irish economy a much-needed boost when it announced the creation of 1,000 new jobs to meet increased demand for cloud computing. AWS also announced that it would be building a new facility at Charlemont Square to house its cloud computing workforce, which would open in September 2022. Since opening an office in Ireland, AWS has made several investments in the country. It has spent billions of dollars expanding its business since then. AWS is also collaborating with a number of academic institutions across the country to deliver education and training programmes.

The report: “Ireland Software Development Market – Forecast (2024-2030)”, by IndustryARC covers an in-depth analysis of the following segments in the Ireland Software Development market. 

By Language: JavaScript, Java, Python, C#, C++, PHP, Go, ReactJS, Android, iOS, Scala, Ruby, LISA, SQL and Others.

By Market Demand: In-House on Payroll, Hired from Secondment Providers, Hired Freelancers and Fully Outsourced.

By Deployment Type: On-Premise and Cloud.

By Business Size: Small and Medium Business, Enterprise and Government.

By End-use Industry: Banking and Financial Institution, Insurance Firms, Media and Entertainment, Government, Defense, Telecommunication, Automotive, Consumer Goods and retail, Healthcare, Manufacturing, Energy & Utilities, Travel & Logistics, Fintech, eCommerce and Others.

• The Enterprise segment is analysed to hold highest share in 2023 owing to the growing enterprise in Ireland which is set to increase the demand of software developers which in turn would boost its market growth. 

• The manufacturing segment accounts for the dominant market share during the forecast period owing to the growing manufacturing sector in the country. 

• Even in the midst of the pandemic, software companies continue to launch in Ireland. For example, on January 26, 2023, HR software supplier Personio announced intentions to more than fivefold its personnel in Dublin by the end of the year; the company sees this facility as its international business and software engineering centre.

In terms of business size, the Enterprise segment is analysed to hold highest share in 2023 owing to the growing enterprise in Ireland which is set to increase the demand of software developers which in turn would boost its market growth. As a part of this, according to new numbers from the Central Statistics Office, there were more than 271,000 business enterprises functioning in Ireland in 2017, the highest level on record (CSO). This was an increase of 8.5% over the previous year's figure of 250,033. Ireland's reputation as a Software Excellence Centre is unrivalled in Europe. It has about 900 software companies, both multinational and local, employing 24,000 people and producing €16 billion in annual exports. Apart from this, the recent investment in the country is aid to fuel its market growth. For instance, The Irish government invests €700m in R&D each year, according to Nathan Trust. Software, data analytics, machine learning, and telecommunications are all crucial sectors. The development of Ireland's R&D sector is aided by a high level of collaboration between industry, university, governmental agencies, and regulatory bodies. However, the small and medium business segment is also analysed to grow at a higher rate, since it plays a vital role in the employment of the people in Ireland. For example, SMEs and entrepreneurs play an important role in the Irish economy, employing more than 70% of the workforce. Small and medium enterprises (SMEs) have attracted a lot of attention recently because of their huge employment base and ability to help the Irish economy recover. 

In terms of end-use industry, the manufacturing segment accounts for the dominant market share during the forecast period owing to the growing manufacturing sector in the country. For instance, manufacturing is the most important sector in Ireland, with the following segments accounting for 37% of total production: basic pharmaceutical products and preparations; food products (18%); chemicals and chemical products (15%); computer, electronic, optical, and electrical equipment (11%); other manufacturing, repair and installation of machinery and equipment, and tobacco (7%); and basic metals (5%) and fabricated metal products, machinery and equipment (7%). It is an important part of Ireland's economic fabric, a major source of innovation, a significant player in the country's return to export-led growth, and a source of employment at all skill levels and in all regions. However, the banking and financial institution segment is also analysed to grow at a higher rate owing to the presence of major banks in the country. As  a part of this, Allied Irish Bank, Bank of Ireland, Ulster Bank Ireland, EBS d.a.c, KBC Bank Ireland, UniCredit Bank, Permanent TSB Group, Danske Bank, and CitiBank are the biggest banking corporations in Ireland (Ireland).