Number of game companies in Germany rose 81% between 2018 and 2024

The German games industry “grew strongly” between 2018 and 2024, resulting in the number of games companies increasing by 81%.

That’s according to a new report conducted by the German Games Industry Association (Game) published today, which found the amount of studios rose from 594 to 948 during this period.

Game attributes this growth to the introduction of Germany’s federal-level games funding program, which has begun providing firms funding from a €125 million annual pot.

87% of studios expect this funding to provide additional support for development, 67% are anticipating turnover growth, and 63% believe it will lead to “improved competitiveness and secure employment.”

The report also found that company revenues rose by 22% between 2018 and 2024 to €3.78 billion.

Workforce numbers grew 20% to 14,800 employees, while the proportion of women in the German games industry rose from 25% to 30%.

“As the strong growth of the sector in the last several years strikingly shows, when the framework conditions are right, the game industry delivers,” said Game managing director Felix Falk.

“The Federal Games Funding Programme pays off for Germany. But the actual turbo hasn’t even been switched on yet. We can only tap Germany’s full potential as a games location through a reliable mix of games funding and tax incentives.”

Falk concluded: “By meeting this international standard, we can take our competitiveness to a new level, giving us the chance to catch up with the top locations worldwide.”