📊 Market Analysis

🌐 TAM/SAM/SOM

• TAM (Total Addressable Market): The global clothing market is estimated to be approximately $1.36 trillion in 2024 and is expected to reach $1.78 trillion by 2029. Although GarderobusAI does not cover the entire clothing market, it can capture a significant share in the smart technology and IoT segment.

• SAM (Serviceable Available Market): Focusing on smart technologies and IoT, SAM can be estimated as part of the active wear market, which was valued at $412.6 billion in 2023. This means GarderobusAI can potentially capture a portion of this market, especially in segments where technology and fashion intersect.

• SOM (Serviceable Obtainable Market): In the near future, GarderobusAI can focus on niche markets such as smart wardrobes for athletes or individuals engaged in active lifestyles. This could represent a small but significant part of the active wear market.

🚀 Trends in Smart Technologies and IoT

• Growth of IoT and Smart Devices: The IoT market is growing rapidly, and the integration of smart technologies into everyday devices is becoming increasingly popular. This creates a favorable environment for projects like GarderobusAI.

• Sustainability and Eco-friendliness: Consumers are increasingly interested in eco-friendly and sustainable solutions, which can contribute to the success of projects that promote more efficient wardrobe use and reduce waste.

• Personalization: The trend towards personalization in fashion and technology also plays in favor of GarderobusAI, as the project offers personalized clothing recommendations based on weather conditions and personal preferences.