Key Market Indicators
The revenue of Cypriot data centers is projected to soar to nearly €358 million by the year 2028, a significant rise from approximately €182 million in 2023. This growth reflects an average annual increase of 10.5%. Since 2013, the Cypriot data center market has experienced an impressive annual growth rate of 41.5%. In the latest rankings for 2023, Cyprus holds the 26th position. Outpacing Cyprus, Slovenia secured the same revenue mark of €182 million. Leading the European market, Sweden, Germany, and the United Kingdom claimed the second, third, and fourth positions, respectively.
