Industry Report On Global Smart Lighting Market by Knowledge Sourcing Intelligence
The global smart lighting market is expected to witness a high CAGR of 25.44% over the projected period. This high growth is mainly driven by the development and modernization of infrastructure. The growing trend of smart building and rising number of smart cities propels the smart lighting market growth. Moreover, the growing concern and awareness among people regarding the importance of energy conservation further drive the smart lighting market growth. Moderation Of Infrastructure R apid urbanization and increasing spending towards construction activities coupled with the growing trend of smart cities and smart home are resulting in the modernization of infrastructure. Governments across the world, especially in developing countries like China, India, and Brazil among others, have allocated significant budget towards smart city projects. Moreover, the growing adoption of IoT in homes further leads to infrastruct