Football Association of Ireland officials will consider the implications of Brian Kerr's side failing to reach the World Cup finals in Germany next summer.
A statement from the FAI read: "The board of the FAI will now consider the implications of non-qualification and assess all the issues in respect of the senior international team with a view to achieving success in future European Championship and World Cup campaigns and growing the game throughout the country.
Kerr refused to be drawn on his own future following yesterday's disappointment in Dublin.
FAI chief executive officer John Delaney, meanwhile, praised Kerr and his staff for their efforts during the unsuccessful campaign.
"Football is the most popular team sport in Ireland and the interest in a World Cup year would have helped grow the game even further," Delaney said.
"Everyone associated with the quest for qualification - Brian Kerr, the technical and support team, the players and squad members and the staff in Merrion Square - have all applied tremendous effort in terms of commitment and dedication to the task.
"Unfortunately, despite the highest levels of planning and preparation by Brian and all the support team, our collective efforts have not been sufficient to take the squad to Germany next year."
Delaney believes the FAI will not suffer financially from failure to qualify as they had budgeted for such a scenario.
However, he added: "Nevertheless, the additional income from a major championship campaign would have been a very welcome addition to our investment in the game at home."
In the aftermath of last night's match, bookmakers have been quick to lay odds on who will replace Kerr, if, as expected, he is does not agree a new contract. Current Aston Villa boss David O'Leary has emerged as an early favourite, with former Celtic manager Martin O'Neill also a contender.
Roy Keane, who is likely to decide to hang up his international boots for the second time, is also considered among the running.
Paddy Power Betting on the next Ireland manager:
5/2 David O'Leary
11/2 Martin O'Neill
11/1 Roy Keane
12/1 John Aldridge
14/1 Joe Kinnear
18/1 George Graham
20/1 Terry Venables
50/1 Alex Ferguson
