Global Lighting Digital Service Market Analysis Report 2022-2023 & 2028: Strategic Imperatives, Growth Opportunities, Awareness, Use-Cases, and Benefits

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Sep 25, 2023, 18:00 ET

DUBLIN, Sept. 25, 2023 /PRNewswire/ -- The "Global Lighting Digital Service Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

Market to grow at a compound annual growth rate (CAGR) of 18.4% between 2022 and 2028

This study delves into the dynamic landscape of the lighting industry, with a specific focus on the adoption of digital technologies to transform lighting systems in built environments. The increasing global demand for energy-efficient solutions and sustainability efforts is a key driver for the adoption of lighting digital services.

Technological advancements, such as the Internet of Things (IoT) and Artificial Intelligence (AI), have paved the way for the integration of smart lighting systems with intelligent control mechanisms in buildings.

This integration offers improved energy optimization and operational efficiency. Furthermore, the proliferation of smart city projects and a growing emphasis on smart infrastructure, including smart streetlighting, are driving the demand for connected and automated lighting services.

While the lighting digital services market holds promising growth prospects, it also faces challenges. High initial implementation costs and a lack of standardized protocols for interoperability are notable hurdles. Additionally, concerns related to data security and privacy in IoT-based lighting systems pose significant constraints to market expansion.

This study provides insights into market revenue and the share of end-user verticals, along with a competitive overview. It incorporates research findings from customer analysis, covering awareness levels, implementation trends, contract duration, perceived benefits, and criteria for selecting service providers.

Several growth opportunities are identified that can accelerate the lighting digital services market. Smart streetlighting initiatives are anticipated to experience substantial growth as cities invest in energy-efficient lighting solutions to reduce costs and enhance public safety.

The study also highlights the role of digital lighting in vertical farming, the incorporation of lighting systems to improve occupant well-being, and the adoption of integrated lighting digital services that optimize energy consumption and reduce environmental impact.

Key Topics Covered:

Strategic Imperatives

Why is it Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top 3 Strategic Imperatives on the Lighting Digital Services Industry
Growth Opportunities Fuel the Growth Pipeline Engine

Growth Opportunity Universe

Smart Public and Street Lighting to Manage the Cities of the Future
Partnerships Across Value Chain Participants
Connected Lighting to Improve Occupant Health and Well-being
Energy-efficient Lighting for Sustainable Buildings
Revolutionized Lighting for Vertical Farming

Customer Analysis: Awareness, Use-Cases, and Benefits

Customer Analysis: Research Methodology
Firmographics
Awareness of Lighting Digital Services
Systems Currently Used in Organizations and Uptake Rate
Perceived Benefits
Perceived Benefits by End-user Segments
Main Obstacles for Implementation by End-user Segments
Preferred Service Provider Type
Provider Selection Criteria: Contract Details
Types of Lighting Digital Services in Place
Current Implementation of Lighting Digital Service Use-Cases
Contract Duration
Preference for Illumination Services Package

Growth Opportunity Analysis

Scope of Analysis
Value Chain Assessment
Lighting Digital Services Enabling UN SDGs
Growth Drivers
Growth Driver Analysis
Growth Restraints
Growth Restraint Analysis
Revenue Forecast
Revenue Forecast Analysis
Revenue Forecast by Vertical
Percent Revenue Forecast by Vertical
Revenue Forecast Analysis by Vertical
Revenue Share
Revenue Share Analysis
Leading Participants' Service Propositions

For more information about this report visit https://www.researchandmarkets.com/r/y30hgz

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