Key Market Indicators
Revenue from software in Cyprus is expected to reach €2.05 billion by 2026, according to a new report. This is up from €1.57 billion in 2021 - an average annual growth rate of 4.3%. Since 2013, the Cypriot market has grown by 19.2% each year. In 2021, the country ranked ninth in terms of software revenue, with Spain leading the way at €1.57 billion. Germany, the UK and Sweden were numbers two, three and four respectively.