Lighting-as-a-service Market Size, Share: Emerging Technologies, Sales Revenue, Key Players Analysis, Development

Lighting as a service (LaaS) is an all-inclusive subscription based pricing model geared at making LED lighting a potential option for any facility manager, business owner, or service manager. LaaS as the third-party management of a lighting system, includes additional maintenance, technical, financial, or operational services. This business model has become more common in commercial and citywide installations of LED lights, specifically in retrofitting buildings and outdoor facilities, with the aim of reducing installation costs.

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The "Global Lighting-as-a-service Market Analysis to 2028" is a specialized and in-depth study of the Lighting-as-a-service industry with a special focus on the global market trend analysis. The report aims to provide an overview of Lighting-as-a-service market with detailed market segmentation by component, installation, end-user, and geography. The global Lighting-as-a-service market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Lighting-as-a-service market players and offers key trends and opportunities in the market.

The Key Players in The Global Market Are: 

Immersive Gaze
Google LLC
EON Reality
Vuzix Corporation
Blippar Group Limited (Layar B V)
Innovega Inc.
Simulanis Solutions Private Limited
Kanda ApS
YeppAR
Zugara, In

The Lighting as a service market is anticipated to grow owing to driving factors such as improved financial benefits and government policies & regulations for adoption of energy-efficient lighting systems. Moreover, the factors such as convergence of IoT with lighting systems and development of smart cities are expected to propel the market growth in the coming years. However, lack of awareness about the value of a service oriented model of lighting is expected to hinder Lighting as a service market growth.

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The report segments the global Market as follows:

The global Lighting-as-a-service market is segmented on the basis of component, installation, and end-user. Based on component, the market is segmented as luminaries & control equipment, software's & communication systems, and maintenance & other services. Further, based on installation, the market is divided into indoor and outdoor. Furthermore, on basis of end-user, market is segmented as office, retail, education, healthcare, hotels & restaurants, institutional/assembly, warehouse, and transport

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Lighting-as-a-service market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Lighting-as-a-service market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

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Answers that the report acknowledges:

Market size and growth rate during forecast period.
Key factors driving the Market.
Key market trends cracking up the growth of the Market
Challenges to market growth.
Key vendors of Lighting-as-a-service Market
Detailed SWOT analysis.
Opportunities and threats face by the existing vendors in Global Market
Trending factors influencing the market in the geographical regions.
Strategic initiatives focusing the leading vendors.
PEST analysis of the market in the five major region

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This release was published on openPR.