GROUP Market Size & Growth Back in 2023, the revenue of the market amounted to just over $1.2 However, it is expected that by 2025, revenue will reach the mark of $6.7 billion. 6,7 7,1 7,52 7,97 8,44 8,94 10% It also driven by the fact that many 7% have chosen Cyprus as their new 5% home operational activities. This significant indicates the potential 2% for growth development of the market 0% in the 2025 2026 2027 2028 2029 2030 Revenue is expected to exhibit an growth rate (CAGR 2025-2030) of 5.96%.

GROUP Ecosystem & Landscape Over time,Cyprus has become an increasingly attractive IT hub, with various tech setting up shop on the island. This trend has not been an exceptionfor the game industry, more andmore companies are choosing Cyprus astheir base of In July 2025, there were about282startups alone. Of these, 39 have received funding, 15 secured Series Aor investment rounds, and one has achieved unicorn D Today, there are already over600 companies of various sizes and types based in Cyprus, advantage of theisland's favorable business environment, skilled workforce, and location.The Cypriot government has also beenactively supportingthedevelopmentof the sector, providing incentives and creating a favorable regulatory framework for techcompanies thrive.

GROUP Success Stories & Investment MY.GAMES Ludus: Merge MY.Games and Playrix Wargaming This real‑time strategy RPG from These internationally known mobile Although headquartered in Cyprus publishers have established for strategic reasons, Wargaming Top App Games surpassed 3 million operations in Cyprus. develop PC and downloads and generates over $2 cross‑platform MMOs such as World million in revenue. Their presence has attracted talent of Tanks. and fostered local A million funding round ledby particularly in free‑to‑play casual Its presence ensures that Utmost Games in 2025 aims to and puzzle genres. gaming remains partof the local growth . ecosystem. The is on track toreach $3 million monthly revenue, how Cypriot studios achieve globalscale.

GROUP Mobile vs PC & Trends Cyprus’ gaming industry is dominated bythemobile segment. Companies like Playrix, Easybrain and Outfit7 specialize in casual and puzzle gamesfor smartphones. Top D Games other young studios are generating millionsofdownloads and significant revenue. presenceofseven of the world’s top 100 mobile game publishers by underscores Cyprus’ influence mobile However, thePC and console segment is also represented. Wargaming (World ofTanks) Digital Vortex Entertainment publish buy‑to‑play PC and console titles,and several local develop PC games or cross‑platform projects. Cross‑platform strategies—such as launching versions ofmobile titles and leveraging cloud gaming—are becoming more common , opportunitiesfordevelopers skilled in both mobile and PC development.

GROUP Drivers & Advantages 1 Favourable tax and regulatory 4 Quality of life and lifestyle The island provides competitive corporatetax Cyprus’ pleasant climate, beaches and and incentives that have attracted infrastructure improve qualityof life, making companies from CIS it easiertoattract and retain talent 2 EU membership and strategic location 5 Government support and ease of doing Being inthe European Union grants access to business a market and EU funding programmes. Entrepreneurs report that doing in Cyprus’ location between Europe,Asia and Cyprus is straightforward and efficient, with the Middle makes it aconvenient base proactive government initiatives to for regional operations growth inthe tech sector 3 Growing talent pool and international 6 Emerging community Investment is increasing in esports, Relocation by major publishers has brought blockchain gaming and experienced developers and executives to development tools, indicating that the Cyprus, creating avibrant community where industry is evolving beyond casual mobile multicultural teams collaborate

GROUP Don't missit! The WN Conference Cyprus, scheduled for AAlmedia September 11-12, 2025, offersaunique gateway into flourishing A VIDEO DS FOR IA Pooldayai SOIMUIE AIVIDEOS FOR UA Find the be Participation provides several benefits: WNCONFERENCE UN CONFERENCE Cyprus Cyprus Access to a vibrant network; Persenal Insight into a high‑growth market; Gateway to EU and Middle‑East markets; Expected 700+ And more! lang Lounge zone WN CONFERENCE Sponsored by WNCONFERENCE wnhub.io This report is created with supportof top tiergamedev ᵐᵉᵈⁱᵃ [email protected]