Ireland - Country Commercial Guide
Cybersecurity

This is a best prospect industry sector for this country. Includes a market overview and trade data.

Last published date: 2021-10-08

Overview

The $300 million Irish market for cybersecurity solutions and services is extremely vibrant with U.S. vendors retaining a strong presence.  Reported economic crime and fraud in Ireland has increased significantly in recent years and cybercrime is considered the most disruptive economic crime facing the business community going forward.  With its large $50 billion digital economy, Ireland is increasingly encountering cybersecurity threats that have led to a strong upsurge in spending on cyber security in both the public and private sectors.  At the same time, the global health pandemic has presented challenges for engaging with key decision makers and, in many cases, has hindered new business development activity across the sector.

In May 2021, Ireland received a major wake-up call on cybersecurity when its health service experienced a significant ransomware attack that greatly incapacitated its operations for several months.  Despite the significant disruption, the Irish government refused to address the ransom demands and Irish cybercrime agencies, working with international partners, implemented countermeasures to disrupt the activities of the attackers.  The Irish government subsequently announced a package of measures to strengthen Ireland’s CS-IRT (Cyber Security Incident Response Team) the National Cyber Security Center (NCSC).

The strong growth in remote working during the global health pandemic has placed significant additional pressure on the security of corporate IT systems in Ireland especially since many remote workers have been utilizing personal devices while working remotely.  Industry studies report that more Irish organizations are investing in their cybersecurity resilience to ensure their company’s growth.  Irish CEOs rank cybersecurity ahead of both AI/data science and long-term value creation. 

Leading Sub-Sectors

Large enterprises, public sector, SMEs, remote workers and the home consumer represent the leading end user segments.  Ireland’s $50billion digital economy comprises of 100,000 digital companies including major U.S. firms and a growing SME community.   Ireland also has 70 data centers with Hyperscale (Amazon, Facebook, Google, Microsoft), being the dominant data center type accounting for 77% of capacity.  Further data centers are planned in both the hyperscale and colocation segments.  The life sciences, public healthcare and financial services sectors also represent strong

This growing threat of cyber-attacks is driving increased spending on security solutions.  Opportunities exist to provide cybersecurity solutions and services to large corporations, SMEs and public-sector organizations.   The most significant opportunities are to be found in organizations for which IT security is mission critical, such as major financial institutions, utilities and government departments.  To date, U.S. cybersecurity firms have been playing a leading role in the Irish market and Irish distributors, systems integrators (SIs)and value-added resellers (VARs) are continually seeking to identify and source the latest innovative cybersecurity solutions from the U.S.  

Preparedness for cybercrime in Ireland is increasing with many companies performing cyber-attack vulnerability risk assessments.  However, while extremely vigilant in the search for fraud, Irish organizations have been slow to invest in technologies related to fraud prevention, detection and authentication.  Most economic crimes in Ireland are detected through corporate controls including fraud risk assessments, suspicious transaction reporting and corporate security.  No frauds have been detected via data analytic techniques.

Resources

For more information about Ireland’s cybersecurity sector, please contact:

Padraig O’Connor

Commercial Advisor – ICT & Cybersecurity Sector

U.S. Commercial Service Ireland

Tel: +353.87.2314726

Email: Padraig.O’Connor@trade.gov