In 2023, Romania led with the highest share of young high growth enterprises in security and investigation services at 30.62%, followed by Italy at 28.07%. Hungary showed strong growth momentum with a 30.83% increase. Hungary’s surge indicates a rising ecosystem for gazelles in security services. In contrast, Latvia and Norway experienced declines, both at -12.94%. Other countries like the Czech Republic, Portugal, and Lithuania also saw reductions, highlighting challenges in these markets. Over the last five years, there has been a fluctuating trend with considerable year-on-year volatility. The compounded average growth rate indicates dynamic changes in these enterprises’ distribution across Europe.
Looking ahead, Europe's future trends may include increased investment in digital security solutions and labor shortages influencing enterprise dynamics. Emphasizing innovation can provide opportunities for growth in high-potential countries. Monitoring regulatory changes and economic stability within these markets will be crucial.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Security and Investigation Services Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 30.62 | 2023 | +12.5% | +5.15% | View data |
| 2 | 2 Italy | 28.07 | 2023 | +13.79% | +5.71% | View data |
| 3 | 3 Hungary | 19.56 | 2023 | +27.78% | +30.83% | View data |
| 4 | 4 Czech Republic | 8.51 | 2023 | +11.11% | -5.11% | View data |
| 5 | 5 Slovakia | 3.4 | 2023 | 0% | 0% | View data |
| 6 | 6 Portugal | 3.4 | 2023 | 0% | -6.17% | View data |
| 7 | 7 Lithuania | 1.7 | 2023 | 0% | -7.79% | View data |
| 8 | 8 Latvia | 0.85 | 2023 | 0% | -12.94% | View data |
| 9 | 9 Norway | 0.85 | 2023 | 0% | -12.94% | View data |
