Digital Investment - Ireland

Ireland

Highlights

Total transaction value in the Digital Investment market is projected to reach US$14.57bn in 2024.
Total transaction value is expected to show an annual growth rate (CAGR 2024-2029) of 2.07% resulting in a projected total amount of US$16.15bn by 2029.
Neobrokers dominates the market with a projected total transaction value of US$13.22bn in 2024.
The highest cumulated transaction value is reached United States (US$1.78tn in 2024).

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Digital Investment market in Ireland has been experiencing significant growth in recent years, driven by various factors such as customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: In Ireland, customers have shown a growing interest in digital investment platforms and services. This can be attributed to the convenience and accessibility offered by online investment platforms, which allow individuals to manage their investments anytime and anywhere. Additionally, the younger generation in Ireland, who are more tech-savvy, are increasingly turning to digital investment platforms as they seek more control over their financial decisions.

Trends in the market: One key trend in the Digital Investment market in Ireland is the rise of robo-advisors. These are automated investment platforms that use algorithms to provide investment advice and manage portfolios. Robo-advisors have gained popularity due to their low fees, ease of use, and ability to offer personalized investment strategies based on individual risk profiles. This trend is in line with the global rise of robo-advisors, as investors seek cost-effective and efficient investment solutions. Another trend in the market is the increasing demand for sustainable and socially responsible investments. Irish investors are becoming more conscious of the environmental and social impact of their investments and are seeking opportunities to align their portfolios with their values. This trend is driven by a growing awareness of climate change and social issues, as well as regulatory initiatives promoting sustainable investing.

Local special circumstances: Ireland has a strong financial services sector and is home to many international financial institutions. This provides a conducive environment for the growth of the Digital Investment market, as it attracts investment firms and technology companies to establish their presence in the country. The presence of a well-regulated financial system and a skilled workforce also contributes to the development of the digital investment industry in Ireland.

Underlying macroeconomic factors: The overall economic growth and stability in Ireland have played a significant role in the development of the Digital Investment market. The country has experienced steady economic growth in recent years, supported by factors such as foreign direct investment, a skilled labor force, and a favorable business environment. This economic stability and growth create a favorable environment for individuals and businesses to invest and seek out digital investment opportunities. In conclusion, the Digital Investment market in Ireland is experiencing growth due to customer preferences for convenience and accessibility, trends such as the rise of robo-advisors and sustainable investing, local special circumstances including a strong financial services sector, and underlying macroeconomic factors such as economic stability and growth. As the market continues to evolve, it is expected that digital investment platforms and services will play an increasingly important role in the investment landscape in Ireland.

Data coverage:

The data encompasses B2C enterprises. Figures are based on transaction values / revenues / assets under management and user data of relevant services and products offered within the FinTech market.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, population, internet penetration, smartphone penetration, credit card penetration, and online banking penetration. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.