Cyprus ICT Market Share

Market Share of Cyprus ICT Industry

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.

Cyprus ICT Market Leaders

1. Microsoft Corporation

2. The International Business Machines Corporation (IBM)

3. Oracle Corporation

4. InData Labs Group Limited

5. SAP SE

*Disclaimer: Major Players sorted in no particular order