Cyprus has seen a significant increase in cloud adoption, with AWS capturing 42% of the market share in 2026. The country's digital infrastructure has expanded, with 15 cloud providers now operating locally, supporting diverse enterprise needs. Businesses are investing heavily in cloud services, averaging €28,500 annually per company, reflecting a mature cloud ecosystem. The data center capacity has grown to 120 MW, enabling robust data processing and storage solutions across sectors.
This growth indicates Cyprus's strategic move towards digital transformation, with a high Digital Transformation Index score of 78. The expanding cloud infrastructure supports the country's digital economy, attracting foreign investment and improving operational efficiency. As cloud adoption becomes more integral to business models, Cyprus is positioning itself as a regional tech hub, leveraging cloud technology for sustainable economic growth and innovation.