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Ireland's services sector has become more concentrated, with top firms gaining market share, raising concerns about competition, innovation, and job creation.
Ireland’s services sector has seen rising market concentration since 2016, with the top four firms’ average market share increasing to 37% by 2022, up from 25% in 2008, particularly in digital and professional services.
The CCPC reports higher markups and persistent barriers to entry, including high legal costs and regulatory burdens, despite strong startup activity and productivity.
While newer firms contribute more to turnover, they create fewer jobs.
The watchdog warns declining competition could harm innovation and consumer choice, urging reforms to boost market dynamism.
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El sector de los servicios de Irlanda se ha vuelto más concentrado, con las principales empresas ganando cuota de mercado, lo que plantea preocupaciones sobre la competencia, la innovación y la creación de empleos.