Breaking Irish Business News: Key Industries to Watch in 2021
Ireland is known for its strong business environment and welcoming approach to foreign companies investing in the country. Despite the challenges posed by COVID-19, the country is poised for a strong recovery in 2021. In this article, we will explore the key industries to watch in Ireland in the coming year.
Technology
Ireland is home to many of the biggest names in the tech industry. From Google to Microsoft, the country has become a hub for innovation and technological advancement. In 2021, we expect to see continued growth in the technology sector, especially in areas such as cybersecurity, fintech, and artificial intelligence.
One notable company making waves in the Irish tech scene is Stripe. The online payment processing company, founded by brothers Patrick and John Collison, is quickly expanding its presence in Ireland and around the world.
Finance
Ireland’s finance industry has long been a key driver of economic growth in the country. In 2021, we expect to see continued innovation and investment in the sector, with a focus on sustainable and responsible investing.
One company to watch in the finance industry is Irish Life. The company, which is owned by Great-West Lifeco, is one of Ireland’s largest financial services providers. Irish Life has been vocal about its commitment to sustainable investing and has launched several investment products that prioritize environmental, social, and governance (ESG) considerations.
Healthcare
The COVID-19 pandemic has highlighted the importance of the healthcare industry. In Ireland, we expect to see continued investment in healthcare infrastructure and innovative solutions to improve public health.
One area to watch in the healthcare industry is telemedicine. With the pandemic making traditional doctor visits difficult, telemedicine has become an increasingly popular option for patients. Companies like VideoDoc, which provide virtual doctor consultations, have seen a surge in demand in recent months.
Retail
The COVID-19 pandemic has upended the retail industry, but Irish retailers have shown remarkable resilience and adaptability. In 2021, we expect to see continued innovation and investment in the sector, with a focus on e-commerce and digital solutions.
One company making waves in the Irish retail scene is Buymie. The grocery delivery app, which partners with major retailers like Tesco and Lidl, has seen a surge in demand during the pandemic. Buymie has plans to expand its services to other cities in Ireland and beyond.
Conclusion
Despite the challenges of COVID-19, Ireland remains an attractive destination for businesses and investors. In 2021, we expect to see continued growth and innovation in key industries like technology, finance, healthcare, and retail. As the country continues to recover from the pandemic, these industries will contribute to a strong and sustainable economic future for Ireland.
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