The landscape of high growth enterprises in management consultancy services across Europe shows Hungary leading with 311 companies. Italy follows with 207, and Portugal has 164. Other notable countries include Romania with 116 and Slovakia with 108. Among smaller markets, Lithuania, Czech Republic, and Norway have 56, 55, and 30 enterprises respectively. Iceland and Latvia trail significantly with 4 and 2 enterprises.
Year-on-year trends in 2023 indicate Hungary experienced the highest growth at 21.39%, followed by Iceland at 14.87% and Romania at 16.96%. Latvia, however, showed a decline of 16.74%. The overall growth trend suggests European markets are continuing to expand, although at varying rates. The compound annual growth rate over the last five years shows a consistent upwards trajectory in this sector.
Looking ahead, watch for potential growth in emerging markets like Romania and Slovakia, and monitor the impact of economic policies and digitalization across Europe. Additionally, pay attention to the potential recovery in Latvia, alongside increased competition and market saturation in more mature markets like Hungary and Italy. Economic and technological shifts will likely drive further dynamism in this sector.
Top countries in Number of High Growth Enterprises in Management Consultancy Services by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 311 | 2023 | +18.25% | +21.39% | View data |
| 2 | 2 Italy | 207 | 2023 | +7.81% | +5.96% | View data |
| 3 | 3 Portugal | 164 | 2023 | +19.71% | +11.89% | View data |
| 4 | 4 Romania | 116 | 2023 | +26.09% | +16.96% | View data |
| 5 | 5 Slovakia | 108 | 2023 | +16.13% | +12.47% | View data |
| 6 | 6 Lithuania | 56 | 2023 | +9.8% | +4.94% | View data |
| 7 | 7 Czech Republic | 55 | 2023 | +10% | +3.64% | View data |
| 8 | 8 Norway | 30 | 2023 | +11.11% | +6.4% | View data |
| 9 | 9 Iceland | 4 | 2023 | 0% | +14.87% | View data |
| 10 | 10 Latvia | 2 | 2023 | -33.33% | -16.74% | View data |
