How big is the Cyprus ICT Market?

The Cyprus ICT Market size is expected to reach USD 0.89 billion in 2024 and grow at a CAGR of 2.29% to reach USD 1.01 billion by 2029. Read More

What is the current Cyprus ICT Market size?

In 2024, the Cyprus ICT Market size is expected to reach USD 0.89 billion. Read More

Who are the key players in Cyprus ICT Market?

Microsoft Corporation, The International Business Machines Corporation (IBM), Oracle Corporation, InData Labs Group Limited and SAP SE are the major companies operating in the Cyprus ICT Market. Read More

What years does this Cyprus ICT Market cover, and what was the market size in 2023?

In 2023, the Cyprus ICT Market size was estimated at USD 0.87 billion. The report covers the Cyprus ICT Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cyprus ICT Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Cyprus ICT Market Size & Share Analysis - Industry Research Report

Cyprus ICT Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Cyprus ICT Market Report is Segmented by Type (hardware, Software, Services, and Telecommunication Services), Size of Enterprise (small and Medium Enterprises, and Large Enterprises), and Industry Vertical (BFSI, IT and Telecom, Government, Retail and E-Commerce, Manufacturing, Energy and Utilities, and Other Industry Verticals). The Market Sizes and Forecasts are Provided for A Value of USD Million for all the Above Segments.

Cyprus ICT Industry Overview

The Cyprus ICT market is moderately competitive due to the presence of significant players like Microsoft Corporation, IBM, SAP SE, and Oracle Corporation. Market players are increasingly turning to partnerships and product launches to bolster their product portfolios and secure a lasting competitive edge.

June 2024: Nicodemos Damianou, the Deputy Minister of Digital Policy, has inaugurated the National Cybersecurity Coordination Centre, emphasizing the State's ongoing commitment to bolstering cybersecurity. This event signifies a pivotal step in establishing a cohesive cybersecurity ecosystem in Cyprus. The National Cybersecurity Coordination Centre (NCC-CY) plays a vital role in bolstering the nation's economic and societal resilience against the escalating threats in cyberspace.
May 2024: Resecurity, a global cybersecurity company, strategically partnered with Beyon Cyber, a digital security provider based in Cyprus. This collaboration highlights a joint dedication to providing superior cybersecurity solutions and enhancing digital protections for clients spanning diverse industries. This partnership aims to bolster Beyon Cyber's capabilities, ensuring clients leverage the market's most advanced security measures.