| Product Code: ETC12853207 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Cyprus continues to see a surge in IoT device import shipments, with top exporting countries being Belgium, China, Netherlands, Taiwan, and Greece in 2024. The market remains highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). The impressive compound annual growth rate (CAGR) of 65.34% from 2020 to 2024 highlights the rapid expansion of the IoT market in Cyprus. Additionally, the growth rate of 51.67% from 2023 to 2024 indicates sustained momentum in the industry, showcasing the increasing demand for IoT devices in the country.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus IoT Device Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus IoT Device Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus IoT Device Market - Industry Life Cycle |
3.4 Cyprus IoT Device Market - Porter's Five Forces |
3.5 Cyprus IoT Device Market Revenues & Volume Share, By Device Type, 2021 & 2031F |
3.6 Cyprus IoT Device Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Cyprus IoT Device Market Revenues & Volume Share, By Communication Technology, 2021 & 2031F |
3.8 Cyprus IoT Device Market Revenues & Volume Share, By Industry Vertical, 2021 & 2031F |
4 Cyprus IoT Device Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus IoT Device Market Trends |
6 Cyprus IoT Device Market, By Types |
6.1 Cyprus IoT Device Market, By Device Type |
6.1.1 Overview and Analysis |
6.1.2 Cyprus IoT Device Market Revenues & Volume, By Device Type, 2021 - 2031F |
6.1.3 Cyprus IoT Device Market Revenues & Volume, By Smart Sensors, 2021 - 2031F |
6.1.4 Cyprus IoT Device Market Revenues & Volume, By Wearables, 2021 - 2031F |
6.1.5 Cyprus IoT Device Market Revenues & Volume, By Edge Devices, 2021 - 2031F |
6.2 Cyprus IoT Device Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cyprus IoT Device Market Revenues & Volume, By Smart Homes, 2021 - 2031F |
6.2.3 Cyprus IoT Device Market Revenues & Volume, By Industrial Automation, 2021 - 2031F |
6.2.4 Cyprus IoT Device Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.3 Cyprus IoT Device Market, By Communication Technology |
6.3.1 Overview and Analysis |
6.3.2 Cyprus IoT Device Market Revenues & Volume, By Bluetooth, 2021 - 2031F |
6.3.3 Cyprus IoT Device Market Revenues & Volume, By Zigbee, 2021 - 2031F |
6.3.4 Cyprus IoT Device Market Revenues & Volume, By Wi-Fi, 2021 - 2031F |
6.4 Cyprus IoT Device Market, By Industry Vertical |
6.4.1 Overview and Analysis |
6.4.2 Cyprus IoT Device Market Revenues & Volume, By Consumer Electronics, 2021 - 2031F |
6.4.3 Cyprus IoT Device Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.4.4 Cyprus IoT Device Market Revenues & Volume, By Healthcare, 2021 - 2031F |
7 Cyprus IoT Device Market Import-Export Trade Statistics |
7.1 Cyprus IoT Device Market Export to Major Countries |
7.2 Cyprus IoT Device Market Imports from Major Countries |
8 Cyprus IoT Device Market Key Performance Indicators |
9 Cyprus IoT Device Market - Opportunity Assessment |
9.1 Cyprus IoT Device Market Opportunity Assessment, By Device Type, 2021 & 2031F |
9.2 Cyprus IoT Device Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Cyprus IoT Device Market Opportunity Assessment, By Communication Technology, 2021 & 2031F |
9.4 Cyprus IoT Device Market Opportunity Assessment, By Industry Vertical, 2021 & 2031F |
10 Cyprus IoT Device Market - Competitive Landscape |
10.1 Cyprus IoT Device Market Revenue Share, By Companies, 2024 |
10.2 Cyprus IoT Device Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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