In 2023, the landscape of high-growth enterprises in private security services across Europe showed significant variation by country. Romania led with 163 enterprises, followed by Italy with 148, and Czech Republic with 147. Hungary saw a notable increase with 135 enterprises, while Slovakia registered 100. Portugal, Lithuania, Latvia, and Norway had considerably fewer, with 38, 10, 7, and 7 enterprises respectively.
Year-on-year variations highlighted trends and shifts. Romania grew by 8.18%, Italy by 5.36%, and Czech Republic by 1.42%. Hungary experienced a significant surge of 18.0%, Slovakia by 11.9%, while Portugal had modest growth of 3.5%. Lithuania saw a decline of -2.35%, with Latvia and Norway remaining static with 0.0% and 3.13% growth respectively.
Looking forward, key trends to monitor include Hungary’s continued rapid growth, potential market saturation in Romania and Italy, and recovery strategies for Lithuania. The static growth in Latvia and minor increases in Norway suggest stability but also raise questions on potential market dynamics and changes in these regions. With varying growth trajectories, Europe's private security services market remains dynamic and diverse.
Top countries in Number of High Growth Enterprises in Private Security Services by Country
| # | 9 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 163 | 2023 | +16.43% | +8.18% | View data |
| 2 | 2 Italy | 148 | 2023 | +8.82% | +5.36% | View data |
| 3 | 3 Czech Republic | 147 | 2023 | +6.52% | +1.42% | View data |
| 4 | 4 Hungary | 135 | 2023 | +21.62% | +18% | View data |
| 5 | 5 Slovakia | 100 | 2023 | +9.89% | +11.9% | View data |
| 6 | 6 Portugal | 38 | 2023 | +8.57% | +3.5% | View data |
| 7 | 7 Lithuania | 10 | 2023 | -9.09% | -2.35% | View data |
| 8 | 8 Latvia | 7 | 2023 | +16.67% | 0% | View data |
| 9 | 9 Norway | 7 | 2023 | +16.67% | +3.13% | View data |
