Market revenue in 2023 | USD 1,926.4 million |
Market revenue in 2030 | USD 10,447.9 million |
Growth rate | 27.3% (CAGR from 2023 to 2030) |
Largest segment | Hardware |
Fastest growing segment | Software/Platform |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Hardware, Software/Platform, Services |
Key market players worldwide | Barco NV, Alphabet Inc Class A, HTC Corp DR, International Business Machines Corp, Magic Leap, Meta Platforms Inc Class A, Microsoft Corp, Samsung Electronics Co Ltd, Sony Group Corp, Compass Inc Class A, EON Reality, Leap Motion |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to immersive technology market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 48.45% in 2024. Horizon Databook has segmented the Germany immersive technology market based on hardware, software/platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
Germany's immersive technology market is significantly influenced by its strong manufacturing sector, which increasingly utilizes virtual reality (VR) for training and simulation purposes. Companies are leveraging VR to create realistic training environments that enhance workforce skills while improving safety standards by allowing employees to practice in risk-free settings.
The country's focus on Industry 4.0 initiatives further drives the integration of immersive technologies into production processes, enabling better product design and prototyping. Additionally, the growing interest in AR applications for marketing and customer engagement is expected to fuel market expansion as businesses seek innovative ways to connect with consumers.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany immersive technology market , including forecasts for subscribers. This country databook contains high-level insights into Germany immersive technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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