In 2023, Italy led the European market for high-growth enterprises in head office services, contributing significantly to the total. Hungary stood out with a notable year-on-year increase of 16.72%, while the Czech Republic showed no change. Portugal and Lithuania experienced modest growths, with Iceland, Latvia, and Romania maintaining stability. The five-year CAGR analysis indicates Hungary is an emerging key player due to its robust average growth and potential.
Future trends to monitor include technological advancements in office management and increasing focus on sustainability, likely affecting enterprise growth. Italy’s dominance could face competition if other countries continue to accelerate growth rates.
Top countries in Number of High Growth Enterprises in Head Offices Services Share by Country (Units (Enterprises))
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 57.95 | 2023 | +3.01% | +2.18% | View data |
| 2 | 2 Hungary | 16.5 | 2023 | +18.18% | +16.72% | View data |
| 3 | 3 Czech Republic | 9.31 | 2023 | 0% | 0% | View data |
| 4 | 4 Portugal | 6.77 | 2023 | +6.67% | +2.71% | View data |
| 5 | 5 Lithuania | 5.5 | 2023 | +8.33% | +7.63% | View data |
| 6 | 6 Iceland | 0.85 | 2023 | +100% | 0% | View data |
| 7 | 7 Latvia | 0.42 | 2023 | -50% | 0% | View data |
| 8 | 8 Romania | 0.42 | 2023 | 0% | 0% | View data |
