In 2023, Italy led the European market for high growth enterprises in computer programming and consultancy with 1.53 thousand enterprises, reflecting a 14.19% growth year-over-year. Hungary followed with 0.555 thousand enterprises and demonstrated a 17.39% annual increase, the highest among the countries studied. The Czech Republic also experienced growth, registering 0.466 thousand enterprises with a 10.33% year-over-year increase. Portugal, with 0.35 thousand enterprises, saw an 8.02% growth rate. Romania continued to strengthen its digital landscape with a 12.22% increase, achieving a total of 0.315 thousand enterprises.
Lithuania, Slovakia, Norway, Latvia, and Iceland showed varying growths, with year-over-year growth rates of 12.33%, 10.01%, 9.89%, 9.86%, and 6.23% respectively. These countries, albeit smaller in enterprise numbers, are consistently expanding their high growth enterprise segments within the programming and consultancy sectors.
Looking forward, Europe's high growth IT landscape is likely to see continuous expansion. Fostering innovation, digital transformation, and investment in tech infrastructure are critical for maintaining this trajectory. Countries across the region are expected to focus on integrating AI, cloud computing, and cybersecurity solutions to stimulate further growth and competitiveness in the global market.
Top countries in Number of High Growth Enterprises in Computer Programming and Consultancy by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,530 | 2023 | +16.6% | +14.19% | View data |
| 2 | 2 Hungary | 555 | 2023 | +16.84% | +17.39% | View data |
| 3 | 3 Czech Republic | 466 | 2023 | +8.37% | +10.33% | View data |
| 4 | 4 Portugal | 350 | 2023 | +7.36% | +8.02% | View data |
| 5 | 5 Romania | 315 | 2023 | +15.81% | +12.22% | View data |
| 6 | 6 Lithuania | 211 | 2023 | +16.57% | +12.33% | View data |
| 7 | 7 Slovakia | 145 | 2023 | +14.17% | +10.01% | View data |
| 8 | 8 Norway | 133 | 2023 | +6.4% | +9.89% | View data |
| 9 | 9 Latvia | 56 | 2023 | +1.82% | +9.86% | View data |
| 10 | 10 Iceland | 23 | 2023 | +4.55% | +6.23% | View data |
