The actual number of high growth enterprises in employment services in Turkey stood at 277 units in 2023. Over the past decade, this industry exhibited significant growth, particularly from 2017 onwards, where a notable surge began in 2018 with a year-on-year increase of 58.43%. Subsequent years maintained a steadily high growth rate, with percentages ranging from 9.22% to 22.08%. Noteworthy, the growth rate stabilized around 14% to 15% between 2020 and 2022 before slightly declining to 12.15% in 2023. The compound annual growth rate (CAGR) over the past five years was an impressive 14.46%.
Future forecasts predict the number of enterprises will continue its upward trajectory, reaching 426 by 2028. This represents a CAGR of 6.77% over the five-year forecast period and an aggregate growth rate of 38.76% relative to 2023 figures. Analysts should watch for:
-Potential regulatory changes impacting employment services
-Evolving technology integration for employment services
-Shifts in labor market demands and trends
-Economic conditions that may influence enterprise growth rates
-Competitive landscape adjustments
