Cyprus Software Industry Outlook 2024 - 2028

See how Cyprus Software performed compared to key markets such as France, Sweden and the United Kingdom.

Key Market Indicators

The Cypriot software industry is projected to see a significant boost in revenue, reaching approximately €7.9 billion by 2028. This marks a substantial increase from the €4.3 billion recorded in 2023, reflecting an average annual growth rate of 9.5%. Since 2013, the Cypriot software market has experienced remarkable expansion, growing by 39% each year. In the latest rankings for 2023, Cyprus secured the fourth position, with the United Kingdom slightly ahead at the same revenue mark of €4.3 billion. Sweden and the United Kingdom took the second and third spots, respectively, in this sector's rankings, underscoring the competitive landscape in Europe's software industry.

Cyprus Software Market Data and Forecasts

How much will Cyprus Software Market grow to 2028?

Forecast: Turnover of Software Publishing in Cyprus
Forecast: Turnover in Software Publishing Sector in Cyprus
Forecast: Turnover in Software Publishing Sector in Cyprus
Forecast: Turnover in Software Publishing by Size Class in Cyprus

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