Internet economy to create 150,000 jobs in five years

Up to 150,000 jobs are expected to be created in Ireland’s internet-related industries over the next five-and-a-half years, with the value of the internet economy here due to nearly treble to over €21m.

The newly published second edition of the forecast report into Ireland’s digital future predicts that the internet economy will grow from an annual value of €8.4bn to €21.1bn — or 10% of GDP — by 2020. It added that consumer spending will contribute 60% — or nearly €13bn — of this overall figure by 2020.

Communications firm UPC commissioned Amarach Consulting to carry out the study.