CYPRUS: Number of businesses using high speed internet doubles

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The number of Cyprus enterprises with internet connection speeds over 100Mbs has nearly doubled – but still low – reaching 10.2% from 5.3% last year, according to a Cystat survey.


It said 35.4% of all businesses have a download speed of over 30Mbs compared to 24.2% in 2017. Internet speeds ranging between 10Mbs and 30Mbis remain the most popular among enterprises in Cyprus (38,1%).

Cloud Computing Services

Some 26.6% of firms with at least 10 employees bought cloud computing services compared to 10.2% in 2014. Cloud computing is very popular in the Information and Communication Sector in which half of the enterprises (51.1%)  are using these services.

The most common cloud computing services purchased were e-mail (21.7%), storage of files (17.7%), office software (15.9%) and finance or accounting software applications (8.2%).

E-Commerce

In 2017, 33.5% of all enterprises placed orders and 14.2% received orders for goods and services via computer networks. Enterprises prefer to do their purchases and sales via websites or apps.

In 2018, 22.8% of enterprises (10+ staff) employ ICT specialists. And 88.4% of large enterprises employ ICT specialists compared to 48.0% and 17.5% for medium and small enterprises respectively.

Some 8.8% of all enterprises recruited or tried to recruit ICT specialists during 2017 with almost half of them (4.3%) facing difficulties in filling those vacancies.

Website

Following the trend of the last 2 years, the percentage of enterprises having a website is decreasing, from 74.7% in 2016 to 70.9% in 2018.

Among the facilities provided by the enterprises through their website, the most common is the description of goods and services and price lists which is provided by 70.9% of all enterprises. 

And 44.7% of all enterprises have links or references to the enterprise’s social media profiles (i.e. Facebook, Twitter, LinkedIn, You Tube, etc.) and 12.7%  offer personalised content for regular or returning visitors.

The survey took place during January-May 2018 and covered 1,904 enterprises with 10 or more employees in various economic activities.