What are the growing industries in Ireland in the next 5-10 years?

Esse85

As above, what industries will be doing well in the next 5-10 years, any trends developing?

jay-me

Cloud computing.

WiDGe->

Emigration

fret_wimp2

Cloud computing is not an industry. "cloud" computing has been around for decades. If you had a hotmail or yahoo account in the late 90's you were using 'the cloud' just not under it's cool hip new buzzword title.

Cloud computing just means offloading your data and/or processing and storage to a vendor accessible over the Internet (the internet is represented by a cloud in any topology diagrams, hence the name)

Within the IT industry, there are a number of areas on the up and up such as:

Virtualization.
Scalable computing ( I think this is what you mean by cloud).
End user business intelligence.(tableaux, share point powerview etc)

Thee will be plenty of roles surrounding those disciplines now, and over the next few years.


Outside of it, sounds like fossil fuel retrieval and processing may be an upcoming industry in Ireland in 5+ years.

doopa

Not specific to Ireland but very interesting data anyway:

http://blog.linkedin.com/2012/03/08/economic-report/

lala88

Id would imagine the renewable energy industries will become big. There big enough at the moment. However i could see it becoming the new property with everyone trying to get in on it

Mr. Loverman

You could start learning Mandarin. (That's what I'm doing, I'm currently a student in China).

Hardly any white people can speak Chinese. You're nearly guaranteeing yourself a job if you're one of the few...

starlit

IT, Cloud Computing, Social Media as it stands though don't know how Social media last something bigger and greater and something similar happen, as the social sites are starting to die off a little bit though still strong from a social and digital marketing point of view.

Renewable Energy and Eco Technology I think will be a big area and in that industry in terms of energy.

The engineering field will probably prosper again but can't see the construction industry getting back on its feet for a few years yet. Property/Law might gain status again but I don't know hard to tell. Business difficult to say but think Economics and Accounting, Entrepreneurship/Innovation be big areas as they are already. I don't think that side of the industry will change much over the next 5-10 years.

The only industries I can see changing more over the next 5-10 years is probably IT/Computing, business and marketing.

Mr. Loverman

[obligatory]

Science and technology roles are not for everyone, but every science and technology company needs sales people, HR people, administrators, managers, etc. so don't feel you must study computer science or physics or whatever to get a job in one of these growth industry companies.

[/obligatory]

Delancey

Agribusiness , that is value-added food production.

Possibly offers the best hope of a decent sized indigenous industry to replace some of the massive job losses coming down the line in the Pharmaceutical industry as big-earning drugs drop out of patent.

It's worth reflecting on the recent visit of China's next president - he did not come here to swing a hurley in Croke Park , by profession he is an agricultural advisor - he was here to check out Ireland's food industry.

Irish_Elect_Eng

Medical Device Industry, already a star performer and it's only going to get bigger. Wide variety of careers on offer as well.

Aswerty

Irish_Elect_Eng wrote: »

Medical Device Industry, already a star performer and it's only going to get bigger. Wide variety of careers on offer as well.

On a side note what's the verdict on Pharma considering the patent expirations that have occurred or will be occurring in the near future? Are biologicals filling the gap?

C.D.

Aswerty wrote: »

On a side note what's the verdict on Pharma considering the patent expirations that have occurred or will be occurring in the near future? Are biologicals filling the gap?

Biologics are unlikely to fill the gap in the near term- development period is much the same as pharmaceuticals (read: a decade). The Regulatory pathway for copycat biologics is also uncertain, but the decisions made by the FDA are likely to impact other major markets (Japan etc.) Europe has gone with a similar level of regulation as current Pharmaceuticals.

It is a serious issue facing the industry and I cannot understand why there is not more national media coverage when >40% of our exports are pharmaceuticals, many of which are proprietary as opposed to generic. With regards to growth areas, in no order:

1. Software- Analytics specifically
2. AgriFood- we've some very strong brands
3. Medical devices- we've some very innovative companies making waves out wesht.

BUNK1982

Is there any point in creating Irish pharma companies that can manufacture generic drugs so as to take advantage of existing facilities and skills base? Or is there no hope of competing with low cost centres like Costa Rica, India etc.??

A side effect of Cloud Computing will that service providers will need to build big data centres and the Irish climate is perfect for this - not a big employer though.

Agribusiness is a great opportunity and will ensure that if all else fails at least we should be able to feed ourselves!

I think tourism could take off as well if we keep costs down.

Delancey

No chance that Irish companies could compete with places like Costa Rica ( which is a huge threat to Irelands Pharma ) or India in the manufacture of generic drugs.
There will be serious downsizing of Pharma here , the issue goes beyond big sellers like Lipitor dropping out of patent , very few new drugs are to be manufactured here.
Lipitor dropped out of patent a few months ago and this is already being reflected in overall Irish export figures.

rabjoshu

Debt collection agencies, investigative journalism, aquaculture

Bullseye1

I think timber production for alternative fuel sources will be an area of growth.

Bullseye1

Tourism should be.

jay-me

fret_wimp2 wrote: »

Cloud computing is not an industry. "cloud" computing has been around for decades. If you had a hotmail or yahoo account in the late 90's you were using 'the cloud' just not under it's cool hip new buzzword title.

Cloud computing just means offloading your data and/or processing and storage to a vendor accessible over the Internet (the internet is represented by a cloud in any topology diagrams, hence the name)

Within the IT industry, there are a number of areas on the up and up such as:

Virtualization.
Scalable computing ( I think this is what you mean by cloud).
End user business intelligence.(tableaux, share point powerview etc)

Thee will be plenty of roles surrounding those disciplines now, and over the next few years.


Outside of it, sounds like fossil fuel retrieval and processing may be an upcoming industry in Ireland in 5+ years.

Think you will find he asked for growing trends... Which this is one of in the IT industry...

[Jackass]

Irish niche industries and high skilled industries, such as specialised I.T., pharmaceuticals, the sciences (R&D), renewable energy (engineering), as well as old reliables, such as essential national services, such as medical doctors and generic public sector work (public services - Garda, nursing etc - although will be underpaid and over worked... better off going for a public sector administration or clerical / back office job, retardedly over paid, don't need to know the meaning of the word work.)

I'd avoid areas in any way related to construction due to a massive over supply of skills (including legal, architectural, actuary etc..)

daithimacgroin

Mr. Loverman wrote: »

You could start learning Mandarin. (That's what I'm doing, I'm currently a student in China).

Hardly any white people can speak Chinese. You're nearly guaranteeing yourself a job if you're one of the few...

Nobody I know who learnt Mandarin got a job from knowing it

String

'Cloud computing' has been around for years but IT as a service has not been on large scale anyway, so that will continue to grow. Software industry will grow as result of this.

Mr. Loverman

daithimacgroin wrote: »

Nobody I know who learnt Mandarin got a job from knowing it

The question is in the next 5 - 10 years.

In a few years China will be the world's biggest economy...

Cool Mo D

Mr. Loverman wrote: »

The question is in the next 5 - 10 years.

In a few years China will be the world's biggest economy...

But all Chinese people don't speak Mandarin, and much of the richer parts speak languages like Wu, Cantonese, and Min, which are totally different languages that are not mutually comprehensible. The writing system is a nightmare, and even Chinese people aren't learning to write all the characters anymore. And Chinese business people are learning English fast. And it's also estimated to take until 2040 before China is the biggest economy on the world.

For employment, you'd likely be better off learning Spanish - a comparable amount of native speakers as Chinese, fast growing economies, and much, much easier for an English native speaker to learn.

Mr. Loverman

Cool Mo D wrote: »

But all Chinese people don't speak Mandarin, and much of the richer parts speak languages like Wu, Cantonese, and Mina, which is are totally different languages that are not mutually comprehensible. The writing system is a nightmare, and even Chinese people aren't learning to write all the characters anymore. And Chinese business people are learning English fast. And it's also estimated to take until 2040 before China is the biggest economy on the world.

I live in China.

Everyone can read Mandarin (they all use the same characters; they are just pronounced differently in different parts of China) and the majority can understand Mandarin. For example, if I go to Shanghai I can't really understand their dialect but they can understand my (Beijing Mandarin) dialect.

I would strongly disagree with your 2040 figure. Many economists (such as Peter Schiff) already think China is the world's biggest economy but their artificial devaluation of their currency is keeping them off the top spot.

Also the amount of anti-China propaganda appearing on the BBC, CNN etc. these days would make me think China's day is approaching quickly.

mike65

Agriculture/horticulture - esp milk, beef when the quotas go and 'energy crops'
Energy/CleanTech - oil/gas exploration, wind and wave, domestic/industrial renewables installations
Tourism - once things pick up - enticing rich Chinese to play golf in clean if moist air!
Bio devices
Bio tech

daithimacgroin

Not to derail the thread, but simply becoming fluent in a language is not enough to get a job, apart from being a translator or teacher or working in a call-centre. And I can't see an Irish person becoming a interpreter/translator/teacher of Chinese over a Chinese person who can speak fluent English.

While it's inevitable China will become the world's biggest economy, the current situation is unlikely to change for Mandarin learners for reasons that are too complex to list here

This topic deserves a thread of its own

Mr. Loverman

daithimacgroin wrote: »

Not to derail the thread, but simply becoming fluent in a language is not enough to get a job, apart from being a translator or teacher or working in a call-centre. And I can't see an Irish person becoming a interpreter/translator/teacher of Chinese over a Chinese person who can speak fluent English.

While it's inevitable China will become the world's biggest economy, the current situation is unlikely to change for Mandarin learners for reasons that are too complex to list here

This topic deserves a thread of its own

I'm not talking about being a translator or a Chinese teacher, I'm talking about doing a normal job but where having Chinese skills gives you a huge advantage over the Average Joe, e.g. working as a business analyst where the development team is in China, working in sales where you want to sell to the Asian market, etc.

But I agree, let's not derail the thread, I've thrown in my 2c that knowing the Chinese language will be a very useful skill in 5 - 10 years.

Delancey

I think one growth industry will be in ' iffy ' Chinese language courses where people will pay big money and end up learning little ( if any ) of the language.

lala88

Outsourced sales at leats thats what we're been told anyway :pac: