The number of young high-growth enterprises (gazelles) in the management consultancy services sector shows significant variation across European countries. In 2023, Hungary and Romania lead the list with 42 and 40 enterprises, respectively, demonstrating strong growth rates of over 27% year-on-year. Slovakia and Italy follow, though with lower enterprise numbers and growth rates. Portugal, the Czech Republic, and Latvia have the least number of gazelles, with notably modest increases in recent years, except for Latvia, which remains stagnant.
Looking ahead, the following future trends are anticipated:
- Growth in digital transformation sectors could drive an increase in consultancy gazelles.
- The focus on sustainable practices may spur new enterprises.
- Regional economic policies favoring startups may influence growth variations across countries.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Management Consultancy Services by Country
| # | 7 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 42 | 2023 | +10.53% | +30.73% | View data |
| 2 | 2 Romania | 40 | 2023 | +33.33% | +27.23% | View data |
| 3 | 3 Slovakia | 24 | 2023 | +20% | +13.05% | View data |
| 4 | 4 Italy | 19 | 2023 | +5.56% | +16.12% | View data |
| 5 | 5 Portugal | 16 | 2023 | +6.67% | +5.06% | View data |
| 6 | 6 Czech Republic | 5 | 2023 | +25% | +4.56% | View data |
| 7 | 7 Latvia | 1 | 2023 | 0% | View data |
