"There was not much between the sides," he said after the 1-0 quarter final defeat at the Maracana Stadium in Rio de Janeiro. "One team is more used to these occasions and has more experience.
"We were not clinical in front of goal and Manuel Neuer made an important save at the end" from Karim Benzema.
"We played much as we had done during the tournament but Germany are a better side than what we have faced so far.
"The temperature did not help Germany any more than it did us. There was maybe a bit less freshness but everyone has to adapt."
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Deschamps is confident that the future is bright for the team.
"A new group was created after our win in the play-off against Ukraine (in November) and I have seen some good things during this campaign.
"There is work to be done, but the materials are there and we need to maintain the same quality and the same spirit.
"There is lots of sadness and frustration among the players but we can't forget what we have done well up to now.
"I prefer to take away the positives that have been there since we arrived in Brazil. I am proud of everyone and am proud to have come this far with them," said Deschamps, whose thoughts will soon turn to the 2016 European Championship on home soil.