Spherity is recognized as a Progressive Company by 360Quadrants for Digital Product Passport
Wednesday, March 12, 2025
DELRAY BEACH, Fla., March 4, 2025 /PRNewswire/ -- Spherity has been recognized as a progressive company in the digital product passport market on the 360Quadrants platform powered by MarketsandMarkets. Market players under this category are typically reported to have an established product portfolio and a strong market presence globally. Moreover, they possess a strong legacy of research & business collaborations with prominent industry stakeholders.
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The growing demand for transparent and comprehensive product lifecycle data to enhance sustainability and compliance is driving the growth of the digital product passport (DPP) market. The increasing use of digital tools in industries such as manufacturing, retail and supply chain management has shifted attention to traceability, circular economy practices, and data-sharing frameworks. Companies are heavily investing in more advanced data-collection and analysis techniques and integrating sustainability-driven metrics. This is being augmented by new innovative technologies, including blockchain, that ensure product information is accurate and reliable.
In 2023, Spherity launched VERA Studio, a platform that simplifies Digital Product Passport (DPP) management from prototyping to production. With circular economy insights, and compliance-ready features, It offers industry-specific templates, role-based access control, version management, and secure data handling through verifiable credentials and digital wallets.
Research Methodology
The 360Quadrants provides an in-depth evaluation and comparison of each of the key market players based on various techno-commercial inputs provided by industry experts, customers, distributors, etc., along with secondary research - product brochures, analyst notes, company publications, business articles, white papers, trade sources, and various other databases. A well-defined methodology is adopted to provide detailed ratings to each market player with respect to various parameters as outlined below:
-- Shortlisting of 20 prominent market players & start-ups
-- Relevant portfolio mapping at the regional level
-- Key growth initiatives undertaken at the regional level
-- Revenue analysis at a global and category level
-- Strategic collaborations with governments, patient/customer groups, etc.
-- Other industry-relevant parameters
About 360Quadrants
360Quadrants is the largest marketplace looking to disrupt US $3.7 trillion of technology spend and is the only rating platform for vendors in the technology space. The platform provides users access to unbiased information that helps them make qualified business decisions. 360Quadrants enables vendors to influence the business decisions of potential clients. Vendors get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in a niche space, to be consumed by giants and start-ups alike. Experts get to grow their brands and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide.
360Quadrants has also launched quadrants in fields like AI Training Dataset, Data Center Cooling, and Digital Twin.
About MarketsandMarkets:
MarketsandMarkets(TM) has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.
MarketsandMarkets(TM) is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.
Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.
The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore(TM), which integrates research and provides ecosystem-wide visibility into revenue shifts.
In addition, MarketsandMarkets SalesIQ enables sales teams to identify high-priority accounts and uncover hidden opportunities, helping them build more pipeline and win more deals with precision.
To find out more, visit www.MarketsandMarkets(TM).com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Ms. Sipti Banga,
MarketsandMarkets(TM) INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: Sipti.Banga@MarketsandMarkets.com
Visit Our Website: https://www.marketsandmarkets.com/
Reference: https://www.marketsandmarkets.com/PressReleases/digital-product-passport-360quadrants.asp
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View original content:https://www.prnewswire.com/news-releases/spherity-is-recognized-as-a-progressive-company-by-360quadrants-for-digital-product-passport-302390933.html
SOURCE MarketsandMarkets
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