Lighting as a Service Market - Increasing Demand for Energy Efficient Lighting Systems Fuel the Market Growth
The rise of circular economy is driving business model innovation across all industries, with a key spin-off being the emergence of 'something-as-a-service' business model. The lighting-as-a-service (LaaS) is fast emerging as an innovative service delivery model in the lighting industry. The transition to LaaS is mainly motivated by numerous short- and long-term gains, increased cost savings, enhanced energy efficiency, and better control of resources. In addition, a large number of LaaS providers and end users can harness the capabilities of...
View full press release