ICT Software (Industrial Report) - Ireland - June 2009
During recent years, RoI has emerged as a global leader in software production and Europe’s premiere location for software development. It is among the largest exporters of software in the world and is the European headquarters for many giant US firms such as Microsoft, IBM and Oracle. NI similarly has attracted FDI in the software industry from a number of international firms including Nortel, Liberty IT and Openwave. Throughout IoI there is also a vibrant indigenous software development industry which has achieved success on an international scale.
After experiencing a period of considerable progress, the global economic situation threatens growth in the Irish software market in the short to medium term. This report looks at both risks and opportunities in the ICT Software market in Ireland.
The current economic climate has created a difficult trading environment generally. The ICT software sector has arguably the widest customer base catering to every industry sector. Will this insulate or leave the ICT software industry more exposed?
RoI is a global leader in software production, however, the country is no longer a low cost destination. As companies look to cut costs in this period of financial crisis, there is a danger that multinational corporations could pull out of the Irish market.
Microsoft’s monopoly is slowly deteriorating as other operating systems such as Mac and Linux slowly gain market share.
‘Cloud computing’ is gaining popularity and is expected to gain mass popularity in 2009. This technology is set to revolutionise the way in which software is distributed and sold.
Public sector spending on software is vital to the industry. In NI, the Review of Public Administration is creating a wealth of opportunities for the sector. In RoI however, the public procurement process is thought to be hindering Irish SMEs.
The RoI software market is largely an export market with more than 95% of turnover generated from exports. The strengthening of the Euro against both the Sterling and the US dollar is likely therefore to impact negatively on export sales as the country’s two main export destinations are the US and the UK.
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