In 2023, Italy led the European market with 11 gazelles in the organization of conventions and trade fairs, showing a significant year-on-year growth of 40.63%. Hungary followed with 6 enterprises and a growth increase of 14.87%, while the Czech Republic, Romania, and Norway had minimal to no change with 2, 1, and 1 enterprises, respectively. Over the past five years, Italy demonstrated the most remarkable average growth rate.
Future trends to watch for include:
- The potential expansion of digital and hybrid event formats. - Increasing international partnerships and collaborations. - Emerging technologies impacting event management and logistics. - Economic changes affecting funding and support for young enterprises.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Organisation of Conventions and Trade Fairs by Country
| # | 5 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 11 | 2023 | +37.5% | +40.63% | View data |
| 2 | 2 Hungary | 6 | 2023 | +20% | +14.87% | View data |
| 3 | 3 Czech Republic | 2 | 2023 | +100% | View data | |
| 4 | 4 Romania | 1 | 2023 | 0% | View data | |
| 5 | 5 Norway | 1 | 2023 | 0% | View data |
