Market Insights Technology Cybersecurity Security Services

Managed Services - Ireland

Ireland

The Managed Services market in Ireland is projected to witness a significant growth in revenue, reaching a staggering US$69.52m by 2024.
This promising figure is expected to continue its upward trajectory with an annual growth rate of 2.58%, resulting in a market volume of US$78.97m by 2029.
When it comes to the average Spend per Employee in the Managed Services market, in Ireland is expected to reach US$23.97 by 2024.
This indicates a substantial investment in human capital within the industry.
In terms of global comparison, it is worth noting that United States is anticipated to generate the highest revenue in the Managed Services market, reaching an impressive US$10,260.0m by 2024.
This underscores the dominance of the US market in this sector.
Ireland's managed services market is witnessing significant growth, driven by the country's strong tech industry and growing demand for outsourcing IT functions.

Key regions: India, Germany, Canada, Europe, Belgium

Market

Region

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Currency

Methodology

Data coverage:

Data encompasses B2C, B2B and B2G enterprises. Figures are based on security spending excluding VAT and the number of cyberattacks.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial statements of the market-leading companies and industry associations, national statistical offices, and specific countries’ security organizations (e.g., German Cyber Security Council, Canadian Centre for Cyber Security). Furthermore, we use relevant key market indicators and data from country-specific associations, such as GDP and internet penetration. This data helps us to 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 particular market. Possible techniques are, for example, exponential trend smoothing and the autoregressive integrated moving average (ARIMA) forecasting algorithm. The main drivers are GDP, internet users, level of digitization, and consumer attitude towards data and IT security.

Additional notes:

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.