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Cybersecurity Industry Crucial to Ireland’s Economic Growth
Ireland’s digital economy relies heavily on cybersecurity expertise, with the sector playing a vital role in driving economic growth and employment opportunities. The recently reviewed National Cyber Security Strategy has highlighted the need for a collective effort to develop the capacity of businesses, educational institutions, and research bodies to protect themselves online.
Empowering Ireland’s Cyber Industry
The strategy emphasizes that a whole-of-government approach is required to empower Ireland’s cyber industry, which is critical for national resilience and realizing economic benefits. The review also calls for the development of a ‘whole of government’ strategy for empowering the cyber industry in Ireland.
Thriving Cybersecurity Sector
Ireland has a thriving cybersecurity sector, with over 500 firms employing over 7,300 professionals and contributing €1.1 billion to the economy annually. While multinational firms dominate the sector, there is a growing number of indigenous businesses focused on cybersecurity, supported by Enterprise Ireland.
Growing Talent Pool and Research Facilities
Ongoing financial support for training and education is essential to growing the cybersecurity talent pool, particularly for small and medium-sized enterprises (SMEs) seeking market access across the EU. Sustained investment in research and innovation facilities also helps improve expertise in emerging areas such as:
- Artificial intelligence
- Quantum computing
- 6G
Government Support for Industrial Sector Growth
The government recognizes the economic opportunity to grow Ireland’s industrial sector by partnering with local firms, attracting multinational companies, and providing higher-value employment. This approach enhances national cyber resilience, making it a critical relationship that will continue to be monitored and supported.
Conclusion
In conclusion, cybersecurity is a key driver of economic growth in Ireland, and the government is committed to supporting the development of this vital sector through collective effort and sustained investment.