Growth of ICT in Northern Ireland

The recent news of Alchemy Technology Services significant investment in Northern Ireland and creation of 256 jobs is simply further proof in the growth of the technology sector in Northern Ireland.

Previously world famous for ship building (the Titanic was fine when it left Belfast) and aerospace, Northern Ireland is changing its image on the world stage, becoming one of the fastest growing technology areas in Europe and international companies are starting to notice. Belfast is now the #1 international investment location for US cyber security development projects* with investors such as Proofpoint, Rapid7, WhiteHat, Black Duck and Anomali all setting up European hubs here. It’s easy to see why considering the significantly lower cost of operations; 38% lower than London and 24% lower than Dublin; and the high availability of English-speaking local talent from our renowned universities. And, let’s not forget Northern Irelands unique location. This provides easy access to the rest of the UK whilst having a land border with the Republic of Ireland, granting access to cross boarder markets and the Eurozone.

In the past five years money generated by new digital businesses has grown by over 140% and digital tech business turnover reached £875million in 2017* alone.

As outlined by Invest NI the Northern Ireland ICT sector is composed of several important clusters:

  • Financial services tech
  • IT services
  • Telecom, mobile & data networks
  • Data analytics
  • Healthcare IT
  • Advanced networks & sensors

 

And the rapidly growing areas of:

  • Cyber security
  • Legal services technology
  • Precision medicine
  • Big Data/Internet of Things

 

It’s clear to see that this is just the beginning of the tech boom in Northern Ireland and it will be an interesting sector to watch especially as Northern Ireland navigates the tricky waters of Brexit.

Over the last 10years HMC Global have been proud to assist with the growth of this sector and have to date helped to attract over 40 ICT companies to Northern Ireland. Get in contact with us today if you would like to hear more information on how to set up in Northern Ireland and what HMC Global can do to help you and your business.

*Data originally featured on Tech Nation and Invest NI


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