Smart Lighting Market - Global Opportunity Analysis and Industry Forecast (2022-2029)
Meticulous Research ® —a leading global market research company, published a research report titled, ‘ Smart Lighting Market by Offering (Hardware, Software, Services), Connectivity Mode (Wired, Wireless [Bluetooth, Wi-Fi, Other], Hybrid), Application (Indoor [Residential, Commercial and Industrial], Outdoor) and Geography- Global Forecast to 2029 ’ . According to this latest publication from Meticulous Research ® , the smart Lighting market is expected to register a CAGR of 12.2% from 2022–2029, to reach $39.91 billion by 2029. The rapid growth of this market is attributed to the rising demand for IoT-enabled lighting fixtures and smart lighting solutions, the growing need for energy-efficient lighting systems, and increasing smart home penetration. In addition, the rapid transition from traditional lighting to connected lighting solutions and the growing proliferation of smart cities are expected to offer significant opportunities for the growth of...