Irish Tech Sector will continue exponential growth in 2019

The Morgan McKinley Irish Salary & Benefits Guide anticipates that salary increases in the technology sector are likely to be in the region of 10% on average, rising to a 20% increase for more niche and in demand skill-sets.

Ireland is one of the largest tech hubs in Europe. The ICT sector is thriving and growing as Ireland benefits not only from the presence of global tech giants, many of whom have established their EMEA operations in Ireland, but also a robust and highly successful home-grown ICT sector.

With companies actively hiring, including multinationals, SME’s and start-ups, the ICT market will continue its phenomenal growth throughout 2019 with ongoing skills demand across all related disciplines. Continuing investment from large multinationals shows no sign of a slowdown with consequently high levels of opportunity and mobility within the industry.

  • TL;DR: Here are some key takeaways from the report:
  • We have seen exponential growth in the number of permanent professionals vacancies in 2018 with a 21% year on year increase in the Dublin market alone, which is expected to continue rising into 2019.
  • Roles including Project Manager, Business Analyst, Product Manager, Java and .Net Developer, Security, Systems Administrators and Network Engineers will continue to be in high demand this year.
  • The market for AI/ Machine Learning professionals will take centre stage in 2019 as more employers seek to fill specialised roles in this area of growing importance.
  • With the number of cyber-attacks on the rise globally, the threat that hackers and fraudsters pose to businesses is ever-increasing and there is ongoing and growing demand for cyber security professionals.
  • Data is one of the main focus areas of hiring, particularly following the enactment of GDPR, and demand for related IT, data analytics and related has continued to rise.
  • There will be strong demand in the Financial Services and FinTech sectors as companies continue to move their operations to Ireland.

Overall, the technology sector is an industry driving disruptive change in the market through the development of new solutions and products which are set to have a positive impact on job creation.

Speaking about the report, Chief Operations Officer with Morgan McKinley Ireland, Ger Fitzgerald said:

“2018 was a very successful year economically for the Irish tech market. The first quarter of 2019 already sees many new roles in the pipeline and plenty of potential growth. Ireland is still viewed as the destination of choice for many expanding US entities as well as our own indigenous tech sector which has continued on a strong growth curve.”

Check out the full Irish Salary & Benefits Guide here.

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