Germany Virtual Production Market Size & Outlook
Germany virtual production market, 2018-2030 (US$M)
Related Markets
Germany virtual production market highlights
- The Germany virtual production market generated a revenue of USD 153.8 million in 2023 and is expected to reach USD 476.3 million by 2030.
- The Germany market is expected to grow at a CAGR of 17.5% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Virtual production market data book summary
| Market revenue in 2023 | USD 153.8 million |
| Market revenue in 2030 | USD 476.3 million |
| Growth rate | 17.5% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Adobe Inc, AGC Inc, Autodesk Inc, Epic Corp, HTC, NVIDIA Corp, The Walt Disney Co, Grom Social Enterprises Inc |
Other key industry trends
- In terms of revenue, Germany accounted for 7.3% of the global virtual production market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK virtual production market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 342.4 million by 2030.
Software was the largest segment with a revenue share of 41.74% in 2023. Horizon Databook has segmented the Germany virtual production market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
With technological developments and the COVID-19 pandemic pressuring businesses to implement remote work practices, virtual production has gained significant momentum in Germany. As a result of realizing the advantages of virtual manufacturing, which include lower costs and greater efficiency, many businesses have begun to engage in this technology, which are a few factors growing the region's revenue.
Germany's virtual production market is forecasted to grow in the coming years, with increasing adoption of virtual production technology and the expansion of XR technology as key drivers of this growth. XR technology is being used in virtual production to create immersive experiences for audiences, and Germany has been at the forefront of this trend.
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Virtual Production Market Scope
Virtual Production Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany virtual production market size, by component, 2018-2030 (US$M)
Germany Virtual Production Market Outlook Share, 2023 & 2030 (US$M)
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