Application Development Software - Ireland

Ireland

The Application Development Software market in Ireland is expected to witness substantial growth in the coming years.
By 2024, the projected revenue is set to reach US$390.90m.
This growth is further expected to continue with an annual growth rate of 6.68% from 2024 to 2029, resulting in a market volume of US$540.10m by 2029.
When compared globally, it is worth noting that United States is anticipated to generate the highest revenue in the Application Development Software market, with an estimated US$91,950.00m in 2024.
Ireland's thriving tech ecosystem has propelled the growth of application development software, making it a hub for innovative software solutions.

Key regions: United Kingdom, United States, Australia, France, Germany

Market

Region

Region comparison

Currency

Analyst Opinion

The Application Development Software market in Ireland has been experiencing significant growth in recent years.

Customer preferences: Irish customers are increasingly looking for software solutions that can improve their business processes and provide greater efficiency and productivity. This has led to a growing demand for application development software that can help businesses streamline their operations and improve their bottom line.

Trends in the market: One of the key trends in the Irish Application Development Software market is the increasing adoption of cloud-based solutions. This is driven by the need for greater flexibility and scalability, as well as the desire to reduce costs and improve accessibility. Another trend is the growing popularity of low-code and no-code development platforms, which allow businesses to create custom applications without the need for extensive coding knowledge or expertise.

Local special circumstances: Ireland has a thriving technology sector, with many international tech companies choosing to establish a presence in the country. This has created a highly skilled workforce and a supportive ecosystem for technology startups and entrepreneurs. Additionally, the Irish government has been actively promoting the development of the country's digital economy, which has helped to drive innovation and growth in the application development software market.

Underlying macroeconomic factors: Ireland has a strong and stable economy, with a high level of foreign investment and a favorable business environment. This has helped to attract a large number of technology companies to the country, which in turn has driven demand for application development software. Additionally, the country has a highly educated workforce with a strong background in technology and innovation, which has helped to fuel growth in the sector.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

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