In 2023, Romania led with 34 gazelles in private security services, showing a positive growth of 4.72%. Italy followed with 26, experiencing a notable increase of 7.63%. Hungary grew significantly by 29.2% to 18 enterprises. The Czech Republic witnessed a decline of 3.29% to 11, while Slovakia, Portugal, Lithuania, and Norway showed no or negative growth, with Portugal at -9.71%.
Future trends to watch include:
- Potential market consolidations or expansions affecting growth patterns, especially in Romania and Hungary.
- Technological advancements leading to increased demand for high-growth enterprises in security solutions.
- Economic and regulatory changes impacting enterprise formation across different countries.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Private Security Services by Country
| # | 8 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 34 | 2023 | +9.68% | +4.72% | View data |
| 2 | 2 Italy | 26 | 2023 | +13.04% | +7.63% | View data |
| 3 | 3 Hungary | 18 | 2023 | +28.57% | +29.2% | View data |
| 4 | 4 Czech Republic | 11 | 2023 | 0% | -3.29% | View data |
| 5 | 5 Slovakia | 4 | 2023 | 0% | 0% | View data |
| 6 | 6 Portugal | 3 | 2023 | 0% | -9.71% | View data |
| 7 | 7 Lithuania | 2 | 2023 | 0% | 0% | View data |
| 8 | 8 Norway | 1 | 2023 | 0% | 0% | View data |
