The IT sector, with more than 7 million people, made €7.8bn from its IT sector-wide revenues of €6.7bn, according to a new report from ICT-focused research firm iTech.
The sector accounted for nearly one-third of the overall €8.4bn in IT revenues, the report found.
The report, which analysed data from more than 30 countries, also found that the IT sector is the largest contributor to Ireland’s GDP, with the majority of its revenues coming from the sector.
IT is an industry that employs about one in five people and is also the fastest growing in the country, according a report from IT sector organisation ITIreland.
The organisation said that over the past year, IT employment has grown at a compound annual growth rate of 8.2 per cent, which is higher than that of the healthcare, energy and tourism sectors combined.
In 2020, the sector employs about two-thirds of the workforce.
The IT industry is estimated to employ around 9,000 people in Ireland and employs approximately 40 per cent of all employment in the EU, according the report.
The country has one of the lowest unemployment rates in the world, with around 14 per cent.
The study also found the IT industry contributed around €8bn to Ireland, which comes as the country prepares to celebrate its 70th anniversary.
In 2018, the total value of all the industries that contribute to Ireland was €12.9bn.
The largest IT companies in the sector, which include Google, Apple and Microsoft, accounted for €4.9 billion in total revenues.
There were also a number of smaller IT companies, which made up around €2.4 billion in the industry.