Posted January 10, 2019 06:53:46The world has moved on from the days when the nation’s citizens had to drive to their local shops to order online.
Now, in the digital age, Ireland can go online with ease.
It’s not only the Irish that are digitally literate.
Across Europe, the continent’s fastest-growing economies have seen a boom in the use of the internet, according to a new report by digital-media consultancy firm IBC.
The report, Digital Island: How Ireland and other nations are embracing the digital future, shows that Ireland’s digital economy is set to grow at a rate of 20 per cent by 2021, and the country is predicted to overtake China as the world’s most digitally-literate economy by 2020.
The research was commissioned by IBC Ireland, and it analysed the growth of digital and mobile companies and their revenues over the last 12 months in Ireland.
It found that in Ireland, there were a total of over 5,000 companies in the sector, employing more than 11,000 people.
The IBC report found that digital services accounted for over 20 per to 30 per cent of the €1.2 billion generated in the country in the past year, with the majority of digital revenue coming from mobile.
In the past 12 months, more than 4,000 jobs were created in Ireland as a result of digital services, which will generate a further €2.5 billion in 2021.
This is in addition to the €400 million generated in digital services and €250 million in sales, the report said.
There is also a strong trend towards the use and distribution of content across platforms such as Instagram, YouTube and Netflix, which have all become hugely popular.
In Ireland, digital services are also seeing the largest increase in their digital footprint, with more than 2,000 new digital businesses launched since the start of the year, according the report.
The data shows that digital businesses are now employing over 15,000 full-time employees in Ireland compared to just 7,500 a year ago, with over 100 new digital-only businesses launching in the last year alone.