Cyprus has significantly increased its cloud migration investments, reaching €120 million in 2026, reflecting a strong digital transformation drive. The majority of local businesses are embracing cloud solutions, with 65% having migrated or planning to migrate. The average migration cost per company stands at €15,000, indicating scalable adoption for small and medium enterprises. The cloud services market continues to grow rapidly, expanding by 18%, driven by government initiatives and digital infrastructure investments.
The cloud computing landscape in Cyprus is becoming more competitive with 25 providers delivering diverse services. This growth enhances data management and operational efficiency for businesses, fostering innovation. As cloud adoption accelerates, Cyprus is positioning itself as a regional digital hub. Continued investments in cloud infrastructure and skills development are expected to sustain this upward trend, making Cyprus a notable player in cloud technology in the Eastern Mediterranean.