In 2023, Hungary led Europe in the number of high-growth enterprises in security and investigation services, boasting 220 enterprises. Italy and Romania followed, with 210 and 168 enterprises, respectively. The Czech Republic and Slovakia showed moderate performance with 161 and 112 enterprises. Meanwhile, Latvia, Norway, and Iceland had significantly fewer enterprises, indicating potential market saturation or limited demand.
Year-on-year variations revealed a strong growth trend in Hungary and Slovakia, with increases of 16.62% and 11.16%, respectively. Italy and Romania also experienced growth, albeit at lower rates of 5.72% and 8.06%. Conversely, Latvia and Norway saw notable declines of 14.76% and 14.97%, respectively, while Lithuania experienced a slight decrease.
Future trends to watch in the European security and investigation services market include technological advancements enhancing service efficiency and demand in cybersecurity. Countries like Hungary and Slovakia may continue to experience growth, driven by increasing security needs and innovation. Conversely, established markets such as Norway may face challenges if they do not adapt to emerging industry trends.
Top countries in Number of High Growth Enterprises in Security and Investigation Services by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 220 | 2023 | +20.88% | +16.62% | View data |
| 2 | 2 Italy | 210 | 2023 | +10.53% | +5.72% | View data |
| 3 | 3 Romania | 168 | 2023 | +15.86% | +8.06% | View data |
| 4 | 4 Czech Republic | 161 | 2023 | +6.62% | +1.29% | View data |
| 5 | 5 Slovakia | 112 | 2023 | +9.8% | +11.16% | View data |
| 6 | 6 Portugal | 53 | 2023 | +12.77% | +4.76% | View data |
| 7 | 7 Lithuania | 17 | 2023 | 0% | -3.2% | View data |
| 8 | 8 Latvia | 9 | 2023 | -10% | -14.76% | View data |
| 9 | 9 Norway | 4 | 2023 | 0% | -14.97% | View data |
| 10 | 10 Iceland | 1 | 2023 | 0% | 0% | View data |
