In 2023, Hungary led in the number of high growth enterprises in management consultancy services in Europe with a share of 28.86%, followed by Italy (19.21%), and Portugal (15.22%). Romania and Slovakia registered shares of 10.77% and 10.02%, respectively. Lithuania and the Czech Republic held minor shares, both under 6%. Norway, Iceland, and Latvia reported the smallest shares, with Latvia at a notably low 0.19%. Year-on-year variations from 2022 to 2023 highlighted significant growth in Hungary (+21.39%), Romania (+16.96%), and Iceland (+14.87%), while Latvia saw a decline (-16.74%). The five-year CAGR points to steady expansion across key markets.
Looking ahead, the expected trends for 2024 indicate a dynamic environment in the European management consultancy services sector, with Hungary, Italy, and Portugal poised for continued robust growth. Monitoring shifts in regulatory frameworks, investment climates, and technological advancements will be crucial for future performance tracking.
Top countries in Number of High Growth Enterprises in Management Consultancy Services Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 28.86 | 2023 | +18.25% | +21.39% | View data |
| 2 | 2 Italy | 19.21 | 2023 | +7.81% | +5.96% | View data |
| 3 | 3 Portugal | 15.22 | 2023 | +19.71% | +11.89% | View data |
| 4 | 4 Romania | 10.77 | 2023 | +26.09% | +16.96% | View data |
| 5 | 5 Slovakia | 10.02 | 2023 | +16.13% | +12.47% | View data |
| 6 | 6 Lithuania | 5.2 | 2023 | +9.8% | +4.94% | View data |
| 7 | 7 Czech Republic | 5.1 | 2023 | +10% | +3.64% | View data |
| 8 | 8 Norway | 2.78 | 2023 | +11.11% | +6.4% | View data |
| 9 | 9 Iceland | 0.37 | 2023 | 0% | +14.87% | View data |
| 10 | 10 Latvia | 0.19 | 2023 | -33.33% | -16.74% | View data |
