Creativity - IDA Ireland
Creativity - IDA Ireland
Creativity - IDA Ireland
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DIGITAL WORLD »<br />
With the cloud computing<br />
industry estimated to be worth<br />
some €40bn worldwide by 2014,<br />
<strong>Ireland</strong> has all the attributes to<br />
capture a significant share of this<br />
burgeoning market, reports John<br />
Kennedy<br />
CCLOUD COMPUTING IS A MAJOR EVOLVING<br />
INDUSTRY WORLDWIDE, WITH SOME ESTIMATING<br />
IT TO BE WORTH IN THE REGION OF €40BN BY 2014.<br />
ACCORDING TO A RECENT STUDY, IN IRELAND THE<br />
INDUSTRY HAS THE POTENTIAL TO CREATE €9.5BN<br />
IN ANNUAL SALES PER ANNUM BY 2014, PROVIDING<br />
8,600 JOBS.<br />
The economic impact study prepared for Microsoft in <strong>Ireland</strong><br />
by Goodbody Economic Consultants revealed that <strong>Ireland</strong><br />
has many of the necessary attributes to become a global cloud<br />
computing centre of excellence, and could capture a disproportionately<br />
large share of the cloud computing industry.<br />
The study also projected that the cost savings for small business<br />
from migrating to the cloud could result in some 2,000<br />
new non-IT small and medium-sized firms being created that<br />
would in turn employ 11,000 people. Early adoption of cloud<br />
computing by Irish users could take costs of €500m a year out<br />
of Irish businesses, it concluded.<br />
“There is an opportunity that is real and clear. It is vital that<br />
Issue 2 Spring/Summer 2011 INNOVATION IRELAND REVIEW 49
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