In 2023, Italy led the European markets with a 7.85% share of young high-growth enterprises (gazelles) in the security systems services sector, outperforming other countries. Portugal trailed slightly with a 6.06% share, while Lithuania posted 5.25%. Notably, Hungary stood at 3.66%, showing a moderate presence. Northern regions like Norway recorded a lower share at 1.61%, and Romania at 1.53%, indicating less dynamic gazelle activities. Latvia was notably at the bottom, with only 0.22%. This data offers valuable insights into growth-driven environments across various European countries in 2023.
Future Trends to Watch:
- Expansion in technological innovation is expected to drive higher growth rates in larger markets such as Italy and Portugal.
- Eastern European countries like Hungary and Romania could experience gradual increases in their gazelle shares due to improving economic conditions.
- The focus on smart security solutions may lead to more vibrant entrepreneurial ecosystems in traditionally lower-performing markets like Norway and Latvia.
Top countries in Share of Young High Growth Enterprises (Gazelles) in the Population of Active Enterprises in Security Systems Services by Country
| # | 7 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Italy | 7.85 | 2023 | View data |
| 2 | 2 Portugal | 6.06 | 2023 | View data |
| 3 | 3 Lithuania | 5.25 | 2023 | View data |
| 4 | 4 Hungary | 3.66 | 2023 | View data |
| 5 | 5 Norway | 1.61 | 2023 | View data |
| 6 | 6 Romania | 1.53 | 2023 | View data |
| 7 | 7 Latvia | 0.22 | 2023 | View data |
