Growing IIoT Market Spherity is actively targeting the Industrial Internet of Things sector, which is projected to reach over €400 billion by 2030 with 75 billion connected devices by 2025, presenting a significant opportunity for vendors offering IoT integration and security solutions.

Sustainability and Traceability With strategic partnerships aimed at improving supply chain transparency, especially in battery and pharmaceutical industries, there is a clear demand for digital product passports and traceability solutions that ensure compliance and sustainability.

Innovative Digital Platforms The launch of VERA Studio to streamline Digital Product Passport management indicates a shift towards comprehensive digital platforms, opening opportunities for customized SaaS solutions and platform integrations in related industries.

Strong Investor Backing Recent financing of $2.73 million underscores investor confidence in Spherity's decentralised identity solutions, which can translate into increased sales efforts targeting organizations seeking secure digital identities and data sovereignty.

Partnership Leverage Collaborations with global leaders like RCS Global, Systech, and Legisym demonstrate demand among enterprises for secure, compliant identity management solutions, suggesting sales avenues in regulated sectors such as pharma, supply chain, and sustainable manufacturing.