Ireland’s technology and innovation sectors have experienced significant growth and have become key drivers of the country’s economic development. Over the past decade, Ireland’s economic growth has been characterized by increases in the number employed and by growth in productivity. The diffusion process, particularly in markets open to international competition, has been prominent, with Information and Communications Technology (ICT) being recognized as one of the drivers of this growth. The country’s ability to work flexibly and redesign and change institutions as required will be critical in driving Irish productivity growth in the future.
The world’s leading technology companies have made Ireland a global center of innovation, with the country’s ability to attract investment continuing to grow. Ireland is home to 16 of the top 20 global technology companies, most of which have been operating in the country for over a decade. The country has succeeded in creating various innovation clusters in specialized tech sectors, such as medtech, artificial intelligence, and robotics. Ireland’s exceptional talent pool and established medtech sector have made it an attractive location for tech companies.
Ireland’s innovation and technology sectors have also been supported by the country’s strong talent pipeline for STEM (science, technology, engineering, and mathematics). The technology sector benefits from high levels of government support for, and investment in, skills programs. Ireland’s publicly funded research centers support and complement corporations’ R&D activities, and the country’s Knowledge Box, or patent box, meets the OECD standard. Ireland has become a global hub of choice for strategic activities of world-leading tech companies, including software development, shared services, advanced manufacturing, cloud services, EMEA inside sales, and hardware and software R&D. Ireland’s technology and innovation sectors have experienced significant growth and have become key drivers of the country’s economic development. The country’s ability to attract investment and create various innovation clusters in specialized tech sectors has made it an attractive location for global technology companies. Ireland’s strong talent pipeline for STEM, high levels of government support for skills programs, and publicly funded research centers have further supported the growth and development of the country’s technology and innovation sectors. Ireland has become a global hub of choice for strategic activities of world-leading tech companies, and its technology sector benefits from high levels of government support for, and investment in, skills programs.
