In 2023, Italy led in the number of high-growth enterprises in the ICT sector in Europe, boasting 1.89 thousand such enterprises. Hungary followed with 0.667 thousand, while the Czech Republic, Portugal, and Romania had 0.556, 0.514, and 0.335 thousand respectively. Countries like Lithuania, Slovakia, and Norway showed moderate numbers, with Latvia and Iceland holding relatively lower figures at 0.085 and 0.033 thousand.
The year-on-year growth up to 2023 was most pronounced in Hungary (12.81%), with significant increases also noted in Slovakia (9.93%) and Italy (9.6%). Portugal (10.61%) and Romania (6.81%) showed steady increases. However, Norway and Iceland grew at a slower pace of 4.36% and 5.71%.
Future trends to watch involve digital transformation acceleration post-pandemic, driving demand in ICT, and supporting growth. Emerging technologies and policy support could further stimulate this upward trend across Europe in the coming years.
Top countries in Number of High Growth Enterprises in ICT by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,890 | 2023 | +12.84% | +9.6% | View data |
| 2 | 2 Hungary | 667 | 2023 | +12.29% | +12.81% | View data |
| 3 | 3 Czech Republic | 556 | 2023 | +5.9% | +7.68% | View data |
| 4 | 4 Portugal | 514 | 2023 | +13.72% | +10.61% | View data |
| 5 | 5 Romania | 335 | 2023 | +9.84% | +6.81% | View data |
| 6 | 6 Lithuania | 228 | 2023 | +11.22% | +4.73% | View data |
| 7 | 7 Slovakia | 191 | 2023 | +13.02% | +9.93% | View data |
| 8 | 8 Norway | 182 | 2023 | +1.11% | +4.36% | View data |
| 9 | 9 Latvia | 85 | 2023 | +4.94% | +7.58% | View data |
| 10 | 10 Iceland | 33 | 2023 | +3.13% | +5.71% | View data |
