Which are the Emerging Sectors in Ireland?

Ireland finds itself a gateway to the rest of Europe. An integral member of the European Union, Ireland’s location, infrastructure, and high-quality education imply that Ireland offers great advantages for many emerging industries to grow. Poised as one of Europe’s fastest-growing economies, Ireland has emerged as an information & communication technology (ICT) powerhouse. The Irish economy boasts of leading companies with 9 out of 10 global ICT companies, 8 out of 10 gaming companies, 8 out of 10 global pharmaceutical companies, 6 out of the top 7 diagnostic companies, and 15 out of the 20 medical devices companies. Therefore, jobs in these sectors are in high demand and companies are looking to hire highly-skilled professionals.

Ireland remains a welcoming location for international financial services companies, thereby representing further employment in the country's financial IT sector. Accountants, auditors, investment bankers, and tax specialists are in demand as 50% of the world’s leading financial firms are in Ireland, making it a highly coveted and one of the most-targeted countries by study abroad aspirants in the fields of accounting, financial technology (Fintech) and auditing. 

Moreover, the last twenty years have seen tremendous growth in the pharmaceutical, biotech, and medical device industries in Ireland. The Irish economy has emerged as a key European for some of the world’s largest pharma and drug companies. For instance, in 2019, there were 22 biotech sites under construction and there are currently 90 bio-pharma plants in full manufacturing operations across Ireland. As an outcome, Irish employers value graduates from such technical and managerial backgrounds. 

The emerging sectors in the Irish economy include Information and Communication Technology (ICT), Financial Technology (FinTech) and Accounting, Financial Services, Pharmaceuticals, and Biomedical Sciences. These industries have huge potential to hire semi-skilled and highly skilled graduates across technical and management domains. 

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