Lighting as a Service Market Growth
September 21, 2020
The lighting as a service market is expected to grow at a compound annual growth rate of approximately 50.4% during the forecast period of 2020-2025. The primary driver for the market includes the increasing demand for efficient lighting systems, without the substantial upfront cost. A lighting as a service program allows you to pay a monthly OpEx payment that covers your: installation, repairs, monitoring, and ongoing service.
Lighting-as-a-Service (LaaS), also known as Light-as-a-Service, is a service-based business model in which light service is charged on a subscription basis rather than via a one-time payment. Light vendors, as well as Action Services Group, are using the LaaS strategy in selling value-added services, such as Internet-connected lighting and energy management!
Click here to read the full story, posted September 13th, 2020, in LED News.