A Sector On The Brink Of Transformation
Recovery and Resilience Fund projects injected substantial momentum into Greeces IT market over the past 3 years. Their completion in 2026 positions the sector at a turning point where business shifts are expected to intensify. Market consolidation has already reshaped the software landscape during the last 5 years, yet an even more active cycle of acquisitions appears to be emerging among system integrators.
Vodafone Greece has openly stated that it is seeking an IT company to acquire, creating further anticipation around upcoming moves. Profile’s recent acquisition of Algosystems reinforces the trend, showing that a new consolidation round is underway. Reports suggest that discussions across the industry are frequent and wide ranging, with foreign companies also exploring potential deals. Even Uni Systems is said to be part of the extensive list of firms engaged in talks, adding more weight to expectations of a busy year.
The Last Wave Of Recovery Fund Support
More than €1 billion in pending Recovery Fund disbursements is set to bolster IT company revenues throughout 2026. As this funding cycle winds down, businesses are increasingly turning their focus to private sector demand. Interest is gravitating toward 2 key opportunity areas that could shape the next phase of growth.
AI adoption among Greek companies remains limited compared to the public sector, according to most surveys. This gap creates fertile ground for new IT projects that will require domestic technology providers to step in and support businesses aiming to stay competitive internationally. The rising importance of AI makes it one of the strongest drivers for future investment.
Regulation As A Source Of New Business
Compliance with European Union regulatory frameworks forms the second major opportunity front. The implementation of NIS2 is accelerating interest in cybersecurity services, especially for organizations operating critical infrastructures. Demand is also strengthened by additional regulations such as DORA for digital resilience and CRA for the security of hardware and software products.
Obligations stemming from the Free Flow of Non Personal Data Regulation and the AI Act introduce further requirements for companies to manage. The complexity of these frameworks pushes businesses to seek continuous support from IT and cybersecurity providers. Evolving EU rules increase the urgency for Greek enterprises to adapt internal processes and ensure full compliance, giving the tech sector an extended runway of work.
Public Sector Activity Continues
Funding opportunities are not expected to vanish from the public sector either. According to recent comments by the Minister of Digital Governance Dimitris Papastergiou, ESPA and additional European programs continue to provide significant resources. Maintenance of existing IT systems is also becoming a structured priority for ministries and public bodies, shaping predictable long term needs across agencies.
Altogether these factors indicate that the overall outlook for the Greek IT market is more positive than many industry entrepreneurs might assume. The end of the Recovery Fund cycle does not signal a slowdown but rather a shift toward a broader set of opportunities spanning private sector AI integration regulatory compliance and ongoing public digital infrastructure work.
