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One in three enterprises with ten or more employees pay for Cloud Computing services

14/12/2020 15:31

Cloud computing in Cyprus is becoming more and more popular among enterprises and in 2020, 34.6% of enterprises with ten or more employees bought Cloud Computing services. According to the Statistical Service of the Republic of Cyprus, the main use of cloud computing services in enterprises is e-mail (29.8%), office software (24.9%) and storage of files (23.9%).

The three cloud computing services mentioned above, are the most popular in all small, medium and large enterprises indicating that enterprise size does not affect the cloud computing services needs of the enterprise.
Almost seven out of ten (69%) enterprises with 10 or more employees in Cyprus have internet connection with speeds higher than 30 Mbit/s compared to 49.3% in 2019. During the last five years, a significant increase in high speed internet connections has been observed. 37.2% of enterprises (10+) have internet connection speeds between 30 - 100 Mbit/s and 31.8% have connection speeds greater than 100 Mbit/s.
Internet speeds lower than 30 Mbit/s have been dropping steadily over the years from 88.2% in 2015 to 26.6% in 2020.