Cloud Migration Spending Statistics in Cyprus (2026)
Updated April 2026 · Cyprus · Cloud Computing
€120 million
Total Cloud Migration Spending
Cyprus
65%
Percentage of Businesses Migrating to Cloud
Cyprus
€15,000
Average Cloud Migration Cost per Business
Cyprus
18%
Cloud Service Market Growth Rate
Cyprus
25
Number of Cloud Service Providers
Cyprus
Key Insight: 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.
Frequently Asked Questions
What are the main benefits of cloud migration for Cypriot businesses?
Cloud migration improves scalability, reduces IT costs, enhances data security, and supports remote work, enabling businesses to innovate faster.
How is Cyprus supporting cloud adoption among SMEs?
Cyprus offers government incentives, training programs, and collaborations with cloud providers to encourage SME adoption and digital resilience.
Methodology
These projections for Cyprus are derived from cross-referencing publicly available government data, industry reports from organizations such as the ITU, World Bank, and Statista, and historical trend analysis. Figures represent 2026 estimates based on compound growth modeling and may differ from actual outcomes. Last reviewed: April 2026.
SR
StateGlobe Research
The StateGlobe Research team analyzes digital marketing, SEO, and web technology trends across 200 countries. Our 2026 projections are based on industry reports, historical data patterns, and expert analysis.
This Statistic in Other Countries
More Statistics for Cyprus
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.