ΕλληνικάThe Cyprus Computer Society (CCS) presented the findings of the Cyprus ICT Market 2026 Study on Thursday, 12 November 2026. Commissioned and funded by the CCS and conducted by research organisation IMR, the study represents an important contribution by the CCS to the Cyprus ICT industry. It provides an overview of the market, highlighting key trends and the sector's growth prospects.
The presentation took place at LOFT Restaurant & Bar in Nicosia, bringing together government representatives, CCS members, ICT professionals, and executives from businesses and organisations for an evening of insights and networking focused on developments and prospects in Cyprus's ICT sector.
The event was welcomed by the Deputy Minister of Research, Innovation and Digital Policy, Dr Nicodemos Damianou, whose address was delivered by Ms Stavri Ttofa, Acting Director General of the Deputy Ministry. The event opened with a welcome address by CCS President, Mr Andreas Loutsios, while CCS Vice-President, Mr George Christodoulou, introduced the presentation, highlighting the importance of the study for the sector. The findings were presented by Ms Christina Kokkalou on behalf of IMR.
In relative terms, Cyprus ranks among the European Union's leading countries in terms of the size and growth of its ICT sector. According to the study, the sector's contribution to the Cypriot economy's gross value added reached approximately €4.1 billion in 2025, accounting for 12.5% of the total, compared with an EU average of approximately 5.6%. The sector also recorded remarkable growth of 435% over the 2016–2025 period.
However, the study also highlights a significant challenge: the strong growth of the ICT industry is not matched by an equivalent level of adoption of advanced digital technologies among Cypriot enterprises. Indicatively, only 9.27% of Cypriot enterprises used artificial intelligence (AI) technologies in 2025, compared with 19.95% across the EU. Despite this relatively low adoption rate, investment appetite is particularly strong, with 83% of the organisations surveyed indicating that they are likely to invest in AI during 2026.
Cybersecurity also emerges as a key priority for Cypriot organisations. According to the study, 71% of respondents identify cybersecurity as the capability their organisation most needs to strengthen. At the same time, new regulatory requirements are generating additional demand and creating opportunities in the market for cybersecurity services.
The study further identifies significant challenges relating to specialist talent availability, AI skills, organisational readiness and the capacity to deliver digital transformation projects. It also highlights that the next phase of the sector's growth will depend to a large extent on making effective use of technological capabilities and translating investment into productivity gains and economic value.
The study draws on primary research conducted by IMR, comprising a survey of organisations that purchase ICT services in Cyprus, a parallel survey of ICT providers, and in-depth interviews with senior stakeholders from government, regulatory authorities and industry. These findings are combined with official statistics and international sources, providing a comprehensive, evidence-based picture of the sector.
The CCS continues to invest in information, research and the promotion of the Cyprus ICT industry's growth prospects, actively contributing to the dialogue on technological development and the country's digital transformation.
The study and further information are available on the CCS website: www.ccs.org.cy.