Cyprus's video game market revenue is projected to grow from $1.2 billion in 2023 to $6.7 billion by 2025, with a compound annual growth rate of 5.96% through 2030.
02
The local ecosystem has expanded to over 600 companies, including 282 startups as of July 2025, with 39 funded, 15 in Series A rounds, and one unicorn.
03
Mobile gaming remains the dominant segment, led by major players such as Playrix, Easybrain, and Outfit7, while PC and console development is represented by firms like Wargaming and Digital Vortex Entertainment.
04
Local studios such as MY.GAMES and Ludus have successfully leveraged cross-platform development, with individual titles generating revenue exceeding $2 million.
05
The industry is supported by a favorable tax regime, EU membership, and a strategic geographic position between Europe and the Middle East.
06
Emerging growth areas in the region include cloud gaming, blockchain gaming, and esports, supported by an increasing talent pool of relocated developers.
Insights
01
Cyprus's video game market revenue is projected to grow from $1.2 billion in 2023 to $6.7 billion by 2025, with a compound annual growth rate of 5.96% through 2030.
02
The local ecosystem has expanded to over 600 companies, including 282 startups as of July 2025, with 39 funded, 15 in Series A rounds, and one unicorn.
03
Mobile gaming remains the dominant segment, led by major players such as Playrix, Easybrain, and Outfit7, while PC and console development is represented by firms like Wargaming and Digital Vortex Entertainment.
04
Local studios such as MY.GAMES and Ludus have successfully leveraged cross-platform development, with individual titles generating revenue exceeding $2 million.
05
The industry is supported by a favorable tax regime, EU membership, and a strategic geographic position between Europe and the Middle East.
06
Emerging growth areas in the region include cloud gaming, blockchain gaming, and esports, supported by an increasing talent pool of relocated developers.