Financial Services Brochure 2022
Our Financial Services brochure is packed with market specific commentaries, salary tables and details of our areas of expertise within the Financial Services sector. DOWNLOAD THE FINANCIAL SERVICES BROCHURE 2022
As we come towards the end of Q3, it is a useful time to reflect on and observe the key trends and skills which have come to the forefront so far in 2020 within the software engineering sector. Ireland has established a thriving technology scene for itself in recent years – so much so that it has been referred to as ‘’the Silicon Valley of Europe’’. This is demonstrated through many new startups setting up bases here as well as large global MNC’s using it as a hub for their EMEA operations (such as LinkedIn and Fitbit).
Obviously, the last few months have had a resounding impact across all markets and industries, as the implications of the COVID-19 pandemic have been felt across the board. Nonetheless, it has also been an exciting period for software engineering here in Ireland, with many firms continuing with their commitment towards R&D, along with various innovative technologies going mainstream, more of which we will discuss in the following piece.
To start off with, we will discuss some key stats within Software Engineering in Ireland right now, as according to trusted industry research site IBISWorld:
Market Size – €55bn
Number of businesses – 3601
Industry Employment – 31,746
Cloud has basically taken over the software engineering industry in 2020. In turn, Microservice Architecture is at the forefront of the tech world. Microservice Architecture is the perfect fit for the Cloud Native computing approach, meaning it is a quick and efficient software to implement into your processes. For this reason alone, given the popularity of Cloud Native, it has quickly been making waves and gaining traction within the software industry.
With the resounding move to remote working for several companies, cybersecurity has taken on a whole new meaning, direction, and level of importance within the working world. Cybersecurity can be both internal within an organization, and against external sources. When the focus is on internal security measures, this is basically businesses building stringent security measures into their software, which again is a key component of remote working. According to a survey by Info Security magazine, 65% of organisations have recorded a lack of required cybersecurity talent. Relating it back to Cloud as discussed above, with the expansion and growth of this, it is little wonder that there is an increase in demand for improved cybersecurity systems which incorporate well into Cloud security.
Blockchain is highlighted as having significant power within the world of software engineering. It is particularly useful due to its decentralized nature, which is largely based around its ability to store record in large public facing databases which are hackproof. As technology around this area expands and progresses, Blockchain-based apps are becoming a popular, modern option for developers looking for new ways to provide open-source solutions.
The Internet of Things (IoT) is a market which is renowned for having groundbreaking breakthroughs and discoveries on a regular basis. IoT and software engineering have had a close relationship for some time now, with communication and connectivity devices increasing at an exponential rate. IoT makes it easier for tech to track and monitor us, no matter our location. One skill which is set to remain invaluable within the IoT is the ability of developers to code smaller energy-efficient devices which are connected to the internet, as these remain popular among consumers.
While Artificial Intelligence (AI) is an area which has been gathering momentum over the last couple of years, it is still one which people have somewhat of a lack of understanding around. As AI is so diverse and vast, this makes sense. While AI has made significant progress, there are still areas which require work (e.g. passport facial recognition at airports). Nonetheless, it is an area which more and more companies are putting investment into and implementing within their products and services.
As technology evolves, naturally so too does the world of software engineering. As we can see from the above, certain trends such as Microservice Architecture, Cybersecurity, Blockchain, IoT and Artificial Intelligence have been at the forefront of the market so far in 2020, and that shows no sign of slowing down for the rest of 2020. Software engineers have obviously had to adapt somewhat to the new way of working in light of the pandemic, but the market overall has retained buoyancy and looks set to continue in a positive manner, particularly with the exciting new technological advancements taking place.
For more information about any of the above, please do not hesitate to get in touch with myself at the below contact details –
Our Financial Services brochure is packed with market specific commentaries, salary tables and details of our areas of expertise within the Financial Services sector. DOWNLOAD THE FINANCIAL SERVICES BROCHURE 2022
Our Insurance team have written this Quarterly Market Update to help keep you up to speed with what is happening within the Insurance industry, we hope you find it useful: VIEW THE INSURANCE MARKET UPDATE
Salaries have fluctuated so much within the funds sector since we published our Salary Survey at the start of the year that we have produced a revised version, we hope you find it useful: VIEW THE FUNDS MARKET UPDATE