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Radar · Gaming in Germany

Best Gaming Companies in Germany

The 447 best Gaming companies in Germany in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: adjoe.

447companies tracked
$499.1Mdisclosed funding
0unicorns
98have raised

Germany's Gaming sector gets a proper ranking here: 447 companies tracked, sorted by disclosed equity funding and recent momentum, so you can cut straight to who's actually capitalized.

Total disclosed funding sits at $499M across the cohort, with adjoe leading at $103M and Klang Games close behind at $80M. G2 Esports pulled $27M, which tells you esports infrastructure is being taken seriously alongside pure-play studios. No unicorns yet, but the capital is concentrating fast in a handful of bets. Median install growth is running at roughly +11% YoY across 23 tracked gaming apps, which I'd call a quiet signal that mobile engagement hasn't peaked. The global gaming market was valued at roughly $202.7B in 2022, per ResearchAndMarkets.com, growing at a 9.24% CAGR through 2028, driven hard by AR/VR adoption and the stickier habits formed during pandemic-era lockdowns. Regulation is real pressure, too. Loot box rules are tightening across Europe, and new online gaming frameworks are reshaping how studios think about monetization globally. Meanwhile, the Gameskraft layoffs following regional bans are a reminder that regulatory missteps carry real workforce cost. So what does that mean for Germany's builders? Probably more defensible revenue models, less reliance on speculative in-game economies, and investors like HTGF and German Accelerator staying selective.

Sources & further reading
  • Statista
FLIAR INTELLIGENCE · GAMING × GERMANY

Our analysis of 180 Gaming companies

$26.0b in tracked funding; 90% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2024.

180companies analysed
90%cloud-native stacks
2024funding peak (by rounds)
14unicorns
2020median founding year
176kcombined LinkedIn audience
58%of audience held by top 3
5companies hiring publicly (12 mo)

Ranked: Best Gaming companies in Germany

#CompanyDisclosed fundingLast roundEmployeesFoundedFounderApp-install YoYRecent signals
1adjoe
Adtech network providing mobile advertising and mobile app monetization solutions
$103M48 mo ago682018Jonas Thiemann
Co-Founder
—2 job openings · 1 expansion
2Klang Games
Mobile games developer focusing on casual games
$80M47 mo ago53
53 → 113 (+113%)
2013Gudmundur Hallgrimsson
Co-Founder
—1 launch · 3 awards
3Photon Engine
Networking engine and multiplayer platform for development of multiplayer games
$55M58 mo ago502003Christof Wegmann
Founder & CTO
—2 launchs · 1 partnership
4Wooga
Mobile Games developer and publisher specializing in Casual Games
$32M180 mo ago286
286 → 323 (+13%)
2009—+4%—
5G2 Esports
Online retailer of esports apparel, accessories, and team-branded merchandise
$27M14 mo ago562013Jens Hilgers
Co-Founder
—1 launch · 2 partnerships
6Flaregames
Developer of mobile games with a focus on strategy genres
$23M144 mo ago42011—+2%—
7GameDuell
Casual games developer for web and mobile platform
$18M216 mo ago101
101 → 119 (+18%)
2003—+22%—
8Soba
Developer of games designed to foster connection, creativity, and joy
$14M51 mo ago102011Juha Paananen
CEO & Co-Founder
——
9GRID
Provider of Esports and gaming data solutions
$12M30 mo ago182018Mikael Westerling
Chief Sales Officer & Co-Founder
—1 partnership
10keen games
Video game developer focusing on casual games
$10M58 mo ago352005Jan Jockel
CEO
——
11VERITAS Entertainment
Esports league organizer
$10M75 mo ago242017———
12Rockfish Games
German video game developer for PC and console devices
$9M2 mo ago—2014Christian Lohr
CFO / COO & Co-Founder
—1 award
13ad2games
Performance-based marketing for gaming advertisers
$9M138 mo ago—2007Albert Christian Schwarzmeier
CEO
——
14Crowdpark
Mobile game development studio focusing on social betting games.
$8M175 mo ago132009Martin Frindt
CEO & Managing Director
——
15iOpener Media
Indie game development company based in Germany
$7M190 mo ago—2008Bernd Geiger
CEO
——
16Nefta
Provider of a platform to launch and manage the web3 gaming industry
$6M40 mo ago262022Fernando Pernica
Co-Founder
——
17Legendary Play
Developer of mobile-based multi-player eSports games
$6M50 mo ago162002Arvid Hahn
Co-Founder
——
18Simplaex
Marketplace for game advertising
$6M99 mo ago272015———
19TreasureHunt Studios
Mobile game development studio
$6M108 mo ago462014———
20Iconicfuture
Licensing and in-game advertising solution provider
$6M160 mo ago172011———
21Stratosphere Games
Developer of multiplayer online games for mobile and PC platforms
$6M45 mo ago542015Kristian Metzger
Geschäftsführer/Founder
——
22VOYA Games
Game development company
$5M12 mo ago—2023Oliver Loffler
Co-Founder & CEO
——
23Savage Game Studios
Mobile game developer focusing on core games
$4M65 mo ago252020———
24Sviper
Mobile game studio based in Hamburg
$4M87 mo ago402016———
25Nomadland
Developer of blockchain-based NFT Action RPG and strategy game
$3M49 mo ago32020Alexandre Suciu
CEO
——
26pnkfrg
Developer of next-generation of casual mobile games
$3M48 mo ago142020Ferran Soriano
Co-Founder & Director
——
27The Football Club
Provider of an NFT-based fantasy football manager
$3M49 mo ago132002———
28STYLE Protocol
Online platform for NFTs and virtual assets across the metaverse
$2M25 mo ago—2022Leo Hilse
Founder
——
29Plitch
Provider of PC game trainer software and single-player game modifications
$2M64 mo ago272001———
30INDUSTRIAL TECHNOLOGY AND WITCHCRAFT
Developer of PC and console-based core games
$2M50 mo ago52019Thilo Hardt
Co-Founder
——
31Altagram
Provider of game localization and culturalisation solutions
$2M61 mo ago412013Marie-Laurence Amigues
Founder & CEO
—5 job openings · 1 launch
32MateCrate
Online competitive gaming platform beginners
$2M84 mo ago172017Sebastian Kuch
Founder & CEO
——
33Eelusion
Developer of 3D games with augmented reality features
$2M169 mo ago12011Maik Schmalstich
Co-Founder
——
34Starberry
Independent mobile game development studio
$2M74 mo ago242017—+11%—
35Flying Sheep
HTML5 game development studio
$1M39 mo ago202014———
36Brainamics
Provider of game testing solutions
$1M35 mo ago—2022Philipp Zent
Co-Founder & CEO
——
37Zeedz
Provider of NFT-based monster collectible game
$998K32 mo ago82021———
38Fabwelt
Online gaming and NFT collectibles platform for individuals
$995K55 mo ago122021Loet Hooge
Co-Founder
——
39Aitainment
Independent game development company based in Germany
$816K——2008Ubbo Visser
Co-Founder
——
40Polychain Monsters
Provider of virtual character-based NFT game
$740K62 mo ago172021Leif Leiser
Co-Founder and CEO
——
41Aesir Interactive
Developer of games and non-game applications using game technology
$675K68 mo ago392013Wolfgang Emmer
Founder & CEO
—1 launch
42Studio Fizbin
Developer of PC and mobile-based casual games
$671K74 mo ago172011———
43Telescope Animation
Developer of casual games
$591K52 mo ago—2018Reza Memari
Co-Founder & Co-CEO
——
44Torpor Games
Developer of narrative-driven video games set in a shared universe
$541K6 mo ago—2019Ilke Karademir
Founder
——
45Triviado
Online gaming platform to play quiz
$518K181 mo ago—————
46Cubiex
Decentralized social network and crypto league for eSports
$500K83 mo ago—2017Pierre Chahine
Co-Founder & CEO
——
47Forest Knight
Provider of turn-based strategy NFT game for PC and mobile platforms
$340K56 mo ago—2018Behfar Iranmanesh
Founder & CEO
+10%—
48Threaks
Developer of digital games for various platforms and online distribution
$266K104 mo ago92010Sebastian Bulas
Co-CEO
——

Top 12 Gaming companies in Germany

#1
Funding Raised · Hamburg, Hamburg · founded 2014
$9.3Mraised
▾

Rockfish Games is a German video game developer for PC and console devices. The company has developed "Everspace", which is a 3D space combat game for PC and console. The game also has VR support for HTC Vive and Oculus Rift. The game is available on the Steam. It generates revenue through the paid games.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 3k LinkedIn followers
Hiring: 1 hiring post in 12 mo (public) · hiring: Project Manager
Activity: 2 awards announced in 12 mo
Funding rounds
  • Apr 2026Grant (prize money)$9.3M
Founders & team
Christian LohrCFO / COO & Co-Founder
Investors
Bundesregierung
Tech stack
Apache Http ServerIonosIsotopeJqueryMailjetMicrosoft 365
#2
Series B · Berlin, Berlin · founded 2013 · 56 employees
$27.3Mraised
▾

Online retailer of esports apparel, accessories, and team-branded merchandise. The company provides a variety of clothing items, including t-shirts, hoodies, and jackets, alongside accessories like bags and hats. It also offers collections featuring team branding and collaborations. The website facilitates the purchase of these items.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 48k LinkedIn followers — 27.2% of this cohort's audience
Activity: 1 product launches · 3 partnerships (incl. G2 CS) announced in 12 mo
Funding rounds
  • Mar 2025Series B—
  • Dec 2019Angel$10M
  • Feb 2019Series A$17.3M
  • Aug 2017Seed—
Founders & team
Jens HilgersCo-FounderCarlos RodriguezCo-Founder & CEOAlban DechelotteChief Executive Officer
Investors
Parkwood, Seal Rock Partners, EverBlu Capital, Go4it Capital, M Ventures, WISE Ventures
Tech stack
Apple PayCart FunctionalityCloudflareGoogle AdsGoogle Ads Conversion TrackingGoogle Analytics
#3
Series A · Berlin, Berlin · founded 2023
$5Mraised
▾

Game development company. It has developed a game called Craft World. It develops games for mobile and is made available on playstore.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 2k LinkedIn followers
Hiring: 2 hiring posts in 12 mo (public) · hiring: Game Engineer, Senior Software Engineer - Backend
Activity: 1 awards announced in 12 mo
Funding rounds
  • May 2025Series A$5M
Founders & team
Oliver LofflerCo-Founder & CEODino ErdmannCo-FounderFlorian DreschnerCo-Founder
Investors
1kx, Makers Fund, RockawayX
Tech stack
Google WorkspaceGsapHstsNext.JsNext.Js App RouterNode.Js
#4
Seed · Berlin, Berlin · founded 2019
$540.6Kraised
▾

Developer of narrative-driven video games set in a shared universe. The company creates thought-provoking entertainment through interactive storytelling. It focuses on political strategy games with detailed and convincing backdrops. The developer supports associations fostering growth within the games industry. It also contributes to environmental initiatives through tree planting programs.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 2k LinkedIn followers
Hiring: 1 hiring post in 12 mo (public)
Activity: 1 product launches · 1 awards announced in 12 mo
Funding rounds
  • Nov 2025Seed—
  • Jul 2025Seed$540.6K
Founders & team
Ilke KarademirFounderAta NowakCo-Founder & Managing DirectorOzgun KilitCo-Founder
Investors
Krafton, 1Up Ventures, Sisu
Tech stack
AngularAzureAzure MonitorCart FunctionalityCdnjsCloudflare
#5
Series C · Berlin, Berlin · founded 2013 · 53 employees
$80Mraised
▾

Mobile games developer focusing on casual games. The company's first project is ReRunners - Race for the World, for iOS and Android devices. It is working on Seed, a simulation MMO utilizing SpatialOS technology.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 15k LinkedIn followers — 8.7% of this cohort's audience
Activity: 1 product launches · 3 awards announced in 12 mo
Funding rounds
  • Jul 2022Series C$41M
  • Aug 2019Series B$22.3M
  • Jul 2018Series A$8.9M
  • Mar 2018Series A$5M
Founders & team
Gudmundur HallgrimssonCo-Founder
Investors
New Life Ventures, AngelHub, Animoca Brands, Supercell, Novator Partners, Kingsway Capital
Tech stack
Apple Icloud MailCloudflareCloudflare Browser InsightsContentfulGoogle AnalyticsGoogle Cloud
#6
Series D · Hamburg, Hamburg · founded 2018 · 68 employees
$103.1Mraised
▾

adjoe is a leading adtech ad network, based in Hamburg, Germany. It helps to gain high-quality users with rewarded engagement formats and premium targeting. App publishers can increase revenue, retention with creative engagement loops. It offers premium advertising and monetization platform for publishers and advertisers to engage audiences. The adjoe SDK connects app publishers and developers that provide highly engaging rewarded formats. With rewarded engagement and premium targeting, it helps advertisers reach their most valuable users. adjoe’s ad technologies allow publishers to level up their monetization strategies and create a meaningful engagement loop for users and grow revenue.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 20k LinkedIn followers — 11.3% of this cohort's audience
Hiring: 2 hiring posts in 12 mo (public) · momentum +2 · hiring: Staff Data Scientist (AdTech Expert), Senior Go Backend Developer
Activity: 1 expansions announced in 12 mo
Funding rounds
  • 2022Series D$103.1M
Founders & team
Jonas ThiemannCo-FounderCarlo SzelinskyCo-Founder
Investors
Bertelsmann
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesBackbone.JsBorlabs CookieCloudflare
#7
Series A · Berlin, Berlin · founded 2018 · 18 employees
$11.6Mraised
▾

Provider of Esports and gaming data solutions. The company offers 360 in-game data solutions for game publishers, tournament organizers, commercial clients, and the community that enables sourcing, management, distribution, and monetization of in-game data.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 6k LinkedIn followers — 3.6% of this cohort's audience
Activity: 1 partnerships (incl. Polymarket) announced in 12 mo
Funding rounds
  • Nov 2023Series A—
  • Apr 2021Series A$10M
Founders & team
Mikael WesterlingChief Sales Officer & Co-FounderMoritz MaurerFounder & CEO
Investors
Alinea Capital, Tar Heel Capital Pathfinder, Agileo Ventures, Dreamcraft Ventures, Riot Games, Tar Heel Capital Pathfinder Studio
Tech stack
Amazon Web ServicesCloudflareCloudflare Bot ManagementCloudflare Browser InsightsComplianzCore-Js
#8
Series B · Hamburg, Hamburg · founded 2003 · 50 employees
$54.6Mraised
▾

Photon Engine, developed by German developer Exit Games, is a networking engine and multiplayer platform for the development of multiplayer games. The company provides solutions for real-time multiplayer, asynchronous multiplayer, in-game chat, and voice chat feature integration. Supports multiple game engines such as Unity, Unreal, Marmalade, and more.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 4k LinkedIn followers — 2.3% of this cohort's audience
Activity: 2 product launches · 1 partnerships (incl. Flowtropolis) announced in 12 mo
Funding rounds
  • Aug 2021Series B$50M
  • Mar 2007Series A$4.6M
Founders & team
Christof WegmannFounder & CTO
Investors
Skillz, Neuhaus Partners, Smac Partners, BDMI
Tech stack
Amazon Web ServicesApache Http ServerApple Icloud MailAzureGoogle Font ApiGoogle Tag Manager
#9
Seed · Berlin, Berlin · founded 2022
$2.5Mraised
▾

Online platform for NFTs and virtual assets across the metaverse. It provides a platform for Brands that allows them to facilitate the creation and curation of branded assets across multiple metaverse platforms. Its features include fashion and wearable NFTs, NFTs to the multiverse as pets, and 2D NFTs into the protocol to get metaverse versions as skin, asset, companion, and more.

Funding rounds
  • May 2024Seed$2.5M
  • Apr 2024ICO$2M
Founders & team
Leo HilseFounder
Investors
Morningstar Ventures, Dutch Crypto Investors, GBV Capital, Protocol Labs, AlphaVenture, AlphaGrep
#10
Seed · Berlin, Berlin · founded 2022 · 26 employees
$6Mraised
▾

Provider of a platform to launch and manage the web3 gaming industry. It offers tools that include the NFT toolbox for the management of in-game assets, wallet services, tokenomics, and the marketplace. It is used for blockchain game development, publishing, and scaling.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 1k LinkedIn followers
Funding rounds
  • Feb 2023Seed$5M
  • Jun 2022Seed$1M
Founders & team
Fernando PernicaCo-FounderGeeshan WillinkCEO
Investors
Picus Capital, SevenX Ventures, Sfermion, MZ Group, Polygon, Play Ventures
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesAngularBootstrapGoogle Analytics
#11
Seed · Berlin, Berlin · founded 2011 · 10 employees
$13.6Mraised
▾

Developer of games designed to foster connection, creativity, and joy. The company focuses on creating gaming experiences that allow for self-expression and relationship building. It aims to provide platforms where community participation is central to the gameplay. The company is composed of engineers, artists, designers, and strategists.

Funding rounds
  • Mar 2022Seed$13.6M
Founders & team
Juha PaananenCEO & Co-FounderFlorian OdronitzCTO & Co-Founder
Investors
Lightspeed Venture Partners, Cherry Ventures, FTX, Point Nine, TQ Ventures
#12
Acquired · Berlin, Berlin · founded 2009 · 286 employees
$31.5Mraised
▾

Wooga is a mobile-first video game developer and publisher specializing in Casual Games offered through a freemium model. Select games are also released on the Facebook platform. Popular games under them include Diamond Dash, Pearl's Peril and recently released Crazy Kings. Crazy Kings, published by Wooga in May 2015 and developed by TicBits, is a Tower Defense game for the iOS platform.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 34k LinkedIn followers — 19.2% of this cohort's audience
Funding rounds
  • May 2011Series B$24M
  • Nov 2009Series A$7.5M
Investors
Balderton Capital, HV Capital, Highland Capital Partners, Tenaya Capital, Highland Europe
Tech stack
Amazon Web ServicesApolloCloudflareDatadogEnvoyGoogle Analytics

Funding & investor landscape

$499.1Mtotal disclosed funding
71companies funded
103disclosed rounds
1rounds last 90 days
Most active investors
Europa17 rounds
WERK16 rounds
German Accelerator5 rounds
HTGF5 rounds
IFB Innovationsstarter5 rounds
1Up Ventures4 rounds
Global Top Round4 rounds
Makers Fund4 rounds
Play Ventures4 rounds
APX3 rounds

Notable founders

Christian Lohr
CFO / COO & Co-Founder · Rockfish Games
Jens Hilgers
Co-Founder · G2 Esports
Carlos Rodriguez
Co-Founder & CEO · G2 Esports
Oliver Loffler
Co-Founder & CEO · VOYA Games
Dino Erdmann
Co-Founder · VOYA Games
Ilke Karademir
Founder · Torpor Games
Ata Nowak
Co-Founder & Managing Director · Torpor Games
Gudmundur Hallgrimsson
Co-Founder · Klang Games
Jonas Thiemann
Co-Founder · adjoe
Carlo Szelinsky
Co-Founder · adjoe
Mikael Westerling
Chief Sales Officer & Co-Founder · GRID
Moritz Maurer
Founder & CEO · GRID
Prism market signals · Germany · country-scoped Prism corpus, 2,104,060 docs

Market landscape — 10 sub-themes by coverage

Share of Gaming coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH SIGNALS · Germany

How research on Gaming Technology is moving in Germany

A read on the academic research around Gaming Technology — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 278 Germany-affiliated papers.

research sentiment over time
200820172025
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and intensifying — the enthusiastic (strongly-positive) share moved 71% → 77% across 2008–2025.
top research entities
  • Max Planck Institute for Informatics26
  • Saarland University16
  • University of Stuttgart16
  • Friedrich-Alexander-Universität Erlangen-Nürnberg15
  • Technical University of Munich14
leading researchers
Hans‐Peter Seidel · Marc Stamminger · Elmar Eisemann · André Hinkenjann · Carsten Dachsbacher · Sungkil Lee · Jürgen Döllner · Philipp Slusallek
▲ Breakthroughs159 · 57%
▼ 62%→53% share
▼0.9× share momentum4 median citations34% since 2021mostly methods-led
3D rendering breakthroughs intensifying — papers rose from 1 to 7 across the study period.
rising sub-themes (early→recent)
  • 3D rendering1→7
  • Game engine5→10
  • Radiance1→5
  • Human–computer interaction4→6
Landmark Advances in Neural Rendering · 316 cites
◆ Advancements86 · 31%
▲ 27%→34% share
▲1.3× share momentum4 median citations41% since 2021mostly methods-led
Virtual reality advancement research is surging — papers climbed from 1 to 9 in German institutions.
rising sub-themes (early→recent)
  • Virtual reality1→9
  • Game engine5→10
  • Human–computer interaction2→5
  • Graphics pipeline1→4
Landmark Creating Immersive Virtual Environments Based on Open Geospatial Data and Game Engines · 116 cites
▼ Concerns13 · 5%
▼ 6%→3% share
▼0.5× share momentum3 median citations23% since 2021mostly empirical
Concern-flagged rendering research is cooling — field-share halved from 6% to 3% despite topic activity.
rising sub-themes (early→recent)
  • Rendering (computer graphics)10
  • Virtual reality5
  • Real-time rendering5
  • Computer graphics (images)4
  • Tiled rendering3
Landmark Kalman Filter-based Head Motion Prediction for Cloud-based Mixed Reality · 36 cites
RESEARCH HOTSPOTS · Germany

Where gaming tech is researched across Germany

Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.

Jülich/Bonn21 · +0.73
Hot · Rendering (computer graphics)Advancing · Computer graphics (images)Opportunity · 3D rendering
Munich19 · +0.51
Hot · VisualizationAdvancing · Computer visionOpportunity · Shader
Stuttgart19 · +0.67
Hot · VisualizationAdvancing · Rendering (computer graphics)Opportunity · Frame rate
Karlsruhe13 · +0.66
Hot · Real-time renderingAdvancing · Computer graphics (images)Opportunity · Software
Aachen8 · +0.35
Hot · Human–computer interactionAdvancing · Rendering (computer graphics)Opportunity · Visualization
Berlin5 · +0.60
Advancing · Computer graphics (images)
PATENT SIGNAL · Germany

Who's filing gaming tech patents in Germany

Germany gaming tech patent filing is accelerating — 5 filings from 3 assignees (2023–2025), led by Siemens, Hertel Reinhard; annual filings 2→3.

5 filings3 assigneespeak 3/yr2023–2025
filing momentum (YoY 2023–2025)
top patent filers
  • Siemens5
  • Hertel Reinhard1

Common questions

How many Gaming companies are there in Germany?
Radar tracks 447 indexable Gaming companies headquartered in Germany that meet our profile-completeness bar.
What is the total funding raised by Gaming companies in Germany?
The Gaming companies in Germany on this list have raised a combined $499.1M in disclosed equity funding across 71 funded companies.
Which is the highest-funded Gaming company in Germany?
adjoe is the highest-funded Gaming company in Germany, with $103.1M in disclosed equity funding.
How many Gaming companies in Germany are funded?
71 of the 447 Gaming companies in Germany on this list have disclosed at least one equity funding round.
How many Gaming unicorns are there in Germany?
None of the Gaming companies in Germany on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Germany Gaming companies?
The most active investors in Germany Gaming companies on this list include Europa, WERK1, German Accelerator, HTGF, IFB Innovationsstarter.
Rohit KhannaTrends & Stories

Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.

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