In 2023, Italy led with 49.5 high growth enterprises in communication equipment, showing a modest increase of 1.01% YOY. Hungary experienced significant growth with a 14.87% rise, while Slovakia saw the highest increase at 43.1%. The Czech Republic, however, encountered a decline of 10.59%. Lithuania, Romania, and Portugal all demonstrated positive growth, whereas Norway remained stagnant. These trends suggest a varied landscape in Europe, characterized by both growth and stability.
Looking ahead, attention should be given to Slovakia's rapid expansion, the potential for recovery in the Czech Republic, and Hungary's sustained growth. Such dynamics will likely influence Europe's communication equipment landscape.
Top countries in Number of High Growth Enterprises in Communication Equipment Share by Country (Units (Enterprises))
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 49.5 | 2023 | +5.13% | +1.01% | View data |
| 2 | 2 Hungary | 16.9 | 2023 | +16.67% | +14.87% | View data |
| 3 | 3 Czech Republic | 9.66 | 2023 | 0% | -10.59% | View data |
| 4 | 4 Slovakia | 7.24 | 2023 | +20% | +43.1% | View data |
| 5 | 5 Lithuania | 4.83 | 2023 | 0% | +7.46% | View data |
| 6 | 6 Romania | 3.62 | 2023 | +50% | +8.45% | View data |
| 7 | 7 Portugal | 3.62 | 2023 | 0% | +3.71% | View data |
| 8 | 8 Norway | 2.41 | 2023 | 0% | View data |
