Industry Statistics and Rankings
How does this industry perform in Cyprus compared to Europe?
Country Benchmarking
Industry Data Cyprus
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#33 In EuropeBusiness
#33 In EuropeEmployees
#31 In EuropeWages
#32 In EuropeThe Data Processing and Hosting Services industry has transformed over the past decade, with the growth of cloud computing creating new markets. Demand surged in line with heightened demand from banks and a rising number of mobile connections across Europe. Many companies regard cloud computing as an innovative way of reducing their operating costs, which has led to the introduction of new services that make the sharing of data more efficient. Over the five years through 2024, revenue is expected to contract at a compound annual rate of 4.3% to €81.9 billion, including a 2.4% drop in 2024. Industry profit has been constrained by pricing pressures between companies and regions.
Enterprises
Number of businesses in 2024
Biggest companies in the Data Processing & Hosting Services in Cyprus
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Data Processing & Hosting Services in Cyprus industry for IBISWorld to include in this product.
Top Questions Answered in this Report
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What is the market size of the Data Processing & Hosting Services industry in Cyprus in 2024?
The market size of the Data Processing & Hosting Services industry in Cyprus is €55.9m in 2024.
How many businesses are there in the Data Processing & Hosting Services in Cyprus industry in 2024?
There are 79 businesses in the Data Processing & Hosting Services industry in Cyprus, which has grown at a CAGR of 9.1 % between 2019 and 2024.
Has the Data Processing & Hosting Services industry in Cyprus grown or declined over the past 5 years?
The market size of the Data Processing & Hosting Services industry in Cyprus has been growing at a CAGR of 6.1 % between 2019 and 2024.
What is the forecast growth of the Data Processing & Hosting Services industry in Cyprus over the next 5 years?
Over the next five years, the Data Processing & Hosting Services industry in Cyprus is expected to grow.
What does the Data Processing & Hosting Services in Cyprus include?
Business process management and data processing and IT support and network management are part of the Data Processing & Hosting Services industry.
How competitive is the Data Processing & Hosting Services industry in Cyprus?
The level of competition is moderate and increasing in the Data Processing & Hosting Services industry in Cyprus.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
Complementors
- Wired Telecommunications Services in Cyprus
- Wireless Telecommunications Services in Cyprus
- Software Development in Cyprus
- Computer Consultants in Cyprus
Table of Contents
About this industry
Industry definition
Data processors provide infrastructure for hosting, data processing services and related activities like web hosting, streaming services and application hosting. Firms in the industry also process supplied client data and provide data entry services. The industry excludes activities where the supplier uses the computers only as a tool.
Related Terms
BIG DATACLOUD COMPUTINGDATA PROCESSINGOFFSHORINGWEB HOSTINGWhat's included in this industry?
Business process management and data processingIT support and network managementData storage and managementApplication service provisioningWebsite hostingCompanies
Industry Code
6311 - Data processing, hosting and related activities in Cyprus
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Data Processing & Hosting Services in Cyprus industry?
Outlook
Analysis
What's driving the Data Processing & Hosting Services in Cyprus industry outlook?
Volatility
Analysis
What influences volatility in the Data Processing & Hosting Services in Cyprus industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Data Processing & Hosting Services in Cyprus industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Big data gives opportunities to providers of data storage and management solutions. The surging use of big data among all types of businesses means they have to store vast amounts of information, opening the door for providers to boost sales.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Data Processing & Hosting Services in Cyprus industry's products and services performing?
Analysis
What are innovations in the Data Processing & Hosting Services in Cyprus industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Data Processing & Hosting Services in Cyprus industry?
International Trade
Highlights
- Total Imports into Cyprus
- Total Exports into Cyprus
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Concentration is expanding moving forward. Major data processing and hosting service providers are likely to attempt to acquire specialist businesses so as to expand the services they can offer to clients.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Data Processing & Hosting Services in Cyprus located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Data protection laws are of paramount importance. The large amount of data companies in the industry are privy to means they have to ensure tight compliance with the GDPR.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Data Processing & Hosting Services in Cyprus industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Despite falling, profit remains high, which is typical for an information-based industry. Cloud computing, in particular, offers a high margin, which is drawing plenty of companies into the market.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Data Processing & Hosting Services in Cyprus industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.
To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.
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