Industry Overview
The opportunity is a bespoke concept spanning a variety of topical markets and with its ability to add extra layers of security to equipment, S1643 can offer potentially life-changing solutions that will support a range of different political and cultural agendas. The Global Wi-Fi Smart Plugs Market Analysis and Forecast recently reported that there is huge projected growth in the smart plug market. Our client owns the only product on the smart plug market to offer the security of restricting use via the power supply to the item.
Business Description
This is a unique pre-revenue opportunity that is set to benefit multiple market sectors. The key market regions for this opportunity are extensive, including North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America. Authorised users can use control electrical appliances with fingerprint recognition, face or voice activation, key fob, or electronic card for local control. Remote control is possible with a mobile device, phone, tablet, or computer.
These products can be accessed using a biometric fingerprint, voice or face recognition, RFID card or key fob, mobile phone app, Laptop, or PC. The products do not rely on Wi-Fi coverage to work locally as Biometrics and RFID are still live when there is no internet.
Financial Summary
The model presents a highly promising opportunity with market forecasts showcasing high growth by 2026, at 25% per year. Smart Plug’s Global sales in 2018 were US$ 123.8 million, they are forecasted to rise by US$ 723.3 million by 2026.
Investment Rationale
The product won British Invention (Platinum) and International Invention (Diamond) of the Year at the prestigious British Invention Show at London’s Savoy Hotel. These awards showcase the best in innovative thought and design appliances, monitor their usage, set periods for access, and receive alerts.
To enquire, you will need to complete our Investor Verification Process and sign a Buyer Consent Form.
