In 2023, Italy led Europe with 68 high-growth enterprises in computer programming and consultancy, revealing a year-on-year growth of 20.29%. Romania and Hungary followed closely, with increases of 17.52% and 22.71% respectively. The Czech Republic experienced significant growth at 33.24% year-on-year. Slovakia also showed a positive year-on-year increase of 37.97%. Portugal saw a moderate 10.35% growth. Smaller markets like Lithuania and Latvia saw varying growths of 5.51% and 51.57% respectively. Norway and Iceland had minimal numbers, with Norway at 31.95% growth while Iceland remained static.
Future trends to watch include technology adoption and innovation driving growth across Europe's tech sector. Emerging markets such as Eastern Europe and the Baltic states may see noteworthy expansions, benefiting from increased investment and tech talent development. Monitoring regulatory changes and economic policies impacting tech startups will be crucial for understanding future dynamics in Gazelle enterprises.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Computer Programming and Consultancy by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 68 | 2023 | +15.25% | +20.29% | View data |
| 2 | 2 Romania | 65 | 2023 | +20.37% | +17.52% | View data |
| 3 | 3 Hungary | 64 | 2023 | +20.75% | +22.71% | View data |
| 4 | 4 Czech Republic | 63 | 2023 | +18.87% | +33.24% | View data |
| 5 | 5 Portugal | 45 | 2023 | +9.76% | +10.35% | View data |
| 6 | 6 Slovakia | 40 | 2023 | +33.33% | +37.97% | View data |
| 7 | 7 Lithuania | 17 | 2023 | +6.25% | +5.51% | View data |
| 8 | 8 Latvia | 8 | 2023 | 0% | +51.57% | View data |
| 9 | 9 Norway | 4 | 2023 | 0% | +31.95% | View data |
| 10 | 10 Iceland | 2 | 2023 | 0% | 0% | View data |
