1.2
Market Value (USD billions)
Cyprus's cloud market is expected to reach $1.2 billion by 2026.
14.3%
Market Growth Rate
Annual growth rate of cloud services in Cyprus projected at 14.3% for 2026.
35
Number of Cloud Service Providers
Number of active cloud providers operating in Cyprus by 2026.
78%
Businesses Using Cloud Services
Percentage of Cypriot enterprises adopting cloud solutions in 2026.
18,500
Average Cloud Spend per Business (USD)
Average annual cloud expenditure per business in Cyprus.
Cyprus's cloud computing market is projected to grow significantly, reaching $1.2 billion by 2026, driven by increased digital transformation efforts among local businesses. The market's annual growth rate of over 14% reflects rising demand for scalable and cost-efficient cloud solutions. Local providers are expanding their offerings, supporting the country's push towards a more digital economy, especially in finance and tourism sectors.
With nearly 80% of businesses expected to use cloud services by 2026, Cyprus shows strong digital adoption. The average cloud spend per enterprise indicates growing investments in cloud infrastructure and security. This expansion aligns with Cyprus's strategic goals to enhance its technological competitiveness and attract international cloud service providers, fostering innovation and economic resilience.
Frequently Asked Questions
What is the main driver of cloud computing growth in Cyprus?
The main driver is digital transformation across industries like finance, tourism, and public services, supported by government initiatives and increasing cloud adoption among businesses.
How many cloud service providers are operating in Cyprus in 2026?
Approximately 35 cloud service providers are active in Cyprus by 2026, offering a range of local and international cloud solutions.
Disclaimer: All statistics presented are 2026 estimates and projections based on industry trend analysis, historical data, and publicly available research. Individual data points may vary from actual figures.