Germany Industrial Metaverse Market Size & Outlook
Germany industrial metaverse market, 2018-2030 (US$M)
Related Markets
Germany industrial metaverse market highlights
- The Germany industrial metaverse market generated a revenue of USD 1,826.5 million in 2023 and is expected to reach USD 13,393.7 million by 2030.
- The Germany market is expected to grow at a CAGR of 32.9% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Industrial metaverse market data book summary
| Market revenue in 2023 | USD 1,826.5 million |
| Market revenue in 2030 | USD 13,393.7 million |
| Growth rate | 32.9% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Hardware, Services |
| Key market players worldwide | Bentley Systems Inc Ordinary Shares - Class B, Dassault Systemes SE, Microsoft Corp, NVIDIA Corp, PTC, Siemens AG, Unity Software Inc Ordinary Shares, HTC, Magic Leap, Swanson Group |
Other key industry trends
- In terms of revenue, Germany accounted for 8.2% of the global industrial metaverse market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany industrial metaverse market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 10,603.3 million by 2030.
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Industrial Metaverse Market Scope
Industrial Metaverse Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany industrial metaverse market outlook
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 industrial metaverse market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 41.69% in 2023. Horizon Databook has segmented the Germany industrial metaverse market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
The German government has recognized the potential of the metaverse and is actively investing in research and development. This includes funding programs for companies developing industrial metaverse applications.
For instance, in June 2022, Siemens, a German technology company focused on industry, infrastructure, transport, and healthcare, partnered with NVIDIA Corporation, a pioneer in accelerated graphics and artificial intelligence, to enable the industrial metaverse and increase the use of AI-driven digital twin technology to help advance industrial automation to a new level.
Through this partnership, the companies planned to connect Siemens Xcelerator, an open digital business platform, and NVIDIA Omniverse, a platform for 3D design and collaboration. This enabled an industrial metaverse, with physics-based digital models from Siemens and real-time AI from NVIDIA, where companies make decisions faster and with increased confidence.
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Our clientele includes a mix of industrial metaverse market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany industrial metaverse market , including forecasts for subscribers. This country databook contains high-level insights into Germany industrial metaverse market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany industrial metaverse market size, by component, 2018-2030 (US$M)
Germany Industrial Metaverse Market Outlook Share, 2023 & 2030 (US$M)
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