In 2023, Hungary led the European nations with 20 high-growth enterprises in the wired telecommunications sector, showing a notable year-on-year increase of 23.36%. The Czech Republic followed with 17 enterprises, demonstrating a 13.56% growth. Romania, Norway, and Italy each had 9 enterprises, with Romania showing a growth of 12.47% and Norway at 8.45%, while Italy experienced a decline of 3.93%. Portugal had 5 enterprises, with a modest increase of 7.39%. Latvia and Lithuania each had 3 enterprises, although Lithuania faced a significant drop of 15.59%, contrasting with Latvia's growth of 8.45%. Slovakia and Iceland both recorded 2 enterprises, with Slovakia showing a robust growth of 14.87% and Iceland remaining steady with no change.
Future trends to watch include:
- Potential technological advancements and regulatory changes impacting the sector.
- The rapid digital transformation across European countries further facilitating enterprise growth.
- Variations in consumer demand and emerging markets creating new opportunities for growth.
- Possible economic influences or geopolitical factors affecting investment levels and market dynamics.
- The sustainability of growth in countries experiencing high volatility in enterprise numbers.
Top countries in Number of High Growth Enterprises in Wired Telecommunications by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 20 | 2023 | +17.65% | +23.36% | View data |
| 2 | 2 Czech Republic | 17 | 2023 | +6.25% | +13.56% | View data |
| 3 | 3 Romania | 9 | 2023 | 0% | +12.47% | View data |
| 4 | 4 Norway | 9 | 2023 | 0% | +8.45% | View data |
| 5 | 5 Italy | 9 | 2023 | 0% | -3.93% | View data |
| 6 | 6 Portugal | 5 | 2023 | +25% | +7.39% | View data |
| 7 | 7 Latvia | 3 | 2023 | 0% | +8.45% | View data |
| 8 | 8 Lithuania | 3 | 2023 | 0% | -15.59% | View data |
| 9 | 9 Slovakia | 2 | 2023 | 0% | +14.87% | View data |
| 10 | 10 Iceland | 2 | 2023 | 0% | 0% | View data |
