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Global Smart Lighting and Control Systems Market to Reach US$93.3 Billion by the Year 2027

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New York, July 28, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Smart Lighting and Control Systems Industry” – https://www.reportlinker.com/p05961143/?utm_source=GNW
7 Billion in the year 2020, is projected to reach a revised size of US$93.3 Billion by 2027, growing at a CAGR of 14.7% over the analysis period 2020-2027.Light Emitting Diodes (LEDs), one of the segments analyzed in the report, is projected to grow at a 17.7% CAGR to reach US$67.5 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fluorescent Lamps segment is readjusted to a revised 6.1% CAGR for the next 7-year period. This segment currently accounts for a 28% share of the global Smart Lighting and Control Systems market.

The U.S. Accounts for Over 24.2% of Global Market Size in 2020, While China is Forecast to Grow at a 18.4% CAGR for the Period of 2020-2027

The Smart Lighting and Control Systems market in the U.S. is estimated at US$8.7 Billion in the year 2020. The country currently accounts for a 24.24% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$14.5 Billion in the year 2027 trailing a CAGR of 18.4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.6% and 13.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.3% CAGR while Rest of European market (as defined in the study) will reach US$14.5 Billion by the year 2027.

Other Lighting Sources Segment Corners a 11.6% Share in 2020

In the global Other Lighting Sources segment, USA, Canada, Japan, China and Europe will drive the 13.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.3 Billion in the year 2020 will reach a projected size of US$8.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$8.2 Billion by the year 2027.

Select Competitors (Total 63 Featured)

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  • ABB
  • Acuity Brands
  • Belkin International, Inc
  • Cree Lighting
  • Dialight PLC
  • Eaton Corporation plc
  • Elgato Systems
  • Enlighted, Inc
  • General Electric Company
  • Helvar
  • Honeywell International Inc
  • Hubbell Incorporated
  • Koninklijke Philips NV
  • Legrand S.A
  • Leviton Manufacturing Company, Inc
  • LG Electronics Inc
  • LightwaveRF Plc
  • Lutron Electronics Co., Inc
  • OSRAM Licht AG
  • RAB Lighting, Inc
  • Schneider Electric SE
  • Synapse Wireless, Inc
  • Wipro Enterprises (P) Limited
  • Zumtobel Group AG

Read the full report: https://www.reportlinker.com/p05961143/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of COVID-19 Pandemic and Looming Global Recession
COVID-19 Pandemic Impacts Smart Lighting Market
Home Office Trend Drives Demand for Lighting Solutions with
Smart Features
Smart Lighting Solutions to be part of Recovery Plans of
European Countries
IoT- and LED-Powered Platforms to Allow Safe Return of People
to Workplaces
Pandemic Crisis Weakens Economic Environment, Triggering
Negative Tide in GDP
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual
% Change) for 2019, 2020 & 2021
An Introduction to Smart Lighting & Control Systems
Smart Lighting: Energy-Efficient, Dynamic, Digital, and Connected
Global Market Prospects & Outlook
LEDs Continue to Gain Over Other Smart Lighting Technologies
Developed Regions Lead, Developing Nations to Boost Long-term
Growth
Competition
Product Differentiation: The Key to Success
Effective Marketing Strategies: A Must for Success in the
Marketplace
Technology and Other Risks Faced by Vendors in the Smart
Lighting Business
Smart Lighting Controls Market: Competitive Landscape
Startups Exhibit Growing Interest in Smart Lighting Market
World Brands
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Superior Attributes of Smart Lighting over Traditional Lighting
to Boost Market Prospects
Prominent Technologies with Potential to Transform Lighting
Industry
IoT and Artificial Intelligence Gain Significance in Lighting
Applications
Convergence of IoT and Lighting Devices
Emphasis on Achieving Energy and Cost Savings amidst Spiraling
Electricity Consumption: The Fundamental Growth Driver
EXHIBIT 2: Projected Global Demand for Electricity (MWh): 2015,
2020, 2025, 2030 & 2035
Transforming Effect of Smart, Intelligent, and Intuitive
Lighting on Human Life Drives Market Expansion
Smart Intelligent LED Lighting Catalyzes Growth Prospects
LED and Other Lighting Technologies: A Comparison
Connected, Embedded, and Sustainable Lighting Drive Enormous
Changes in Luminaire Design and Functionality
Rise of Smart Cities and Focus on Smart Energy Management Opens
Up Opportunities for Smart Lighting Products
EXHIBIT 3: Global Market for Smart City Technologies in US$
Million for the Years 2019 and 2025
Smart Lighting Systems Find High Demand from Street Lighting
Networks
Connected Street Lighting to Surge Post Pandemic
New Smart City Projects Spur Market Growth for Smart Street
Lighting Systems
Connected Lighting to Witness Emergence of Several New Trends
Consumer Spending on Smart Home Technologies Presents
Opportunities for Smart Lighting Solutions
EXHIBIT 4: Global Smart Homes Market (In US$ Billion) for the
Years 2019, 2021, 2023 & 2025
EXHIBIT 5: Global Smart Home Market Breakdown by Technology
(in %) for 2018 and 2022
EXHIBIT 6: Smart Home Penetration Rate (%) by Region/Country: 2020
Increasing Adoption of LEDs in Innovative Niche Lighting
Markets Favor Market Expansion
Controls: Augmenting the Intelligent Quotient of Smart Lighting
Lighting Controls Offer Higher Savings, Energy Efficiency, and
Space Efficiency
Convenience & Advances Boost Popularity of Wireless Lighting
Controls
Controls for Connected, Intelligent, and Advanced LED luminaires
Commercial Lighting: Adoption of Smart Lighting Systems Surges
As a Measure to Cut Energy Costs
Lighting Technology Advancements for Commercial Buildings
Connecting End-to-End Building Systems Using Smart Lighting
Residential Sector: A Potential Laden Application Segment in
the Long Run
Smart Lighting for Homes Surges amidst the Pandemic
Demand Rises for Smart, Energy Efficient Lighting Systems in
Industrial Applications
Specialty Lighting Applications to Boost Demand for Smart
Lighting Systems
UV Light Emerges as Important Weapon in War against COVID-19
Pandemic
Smart Lighting Deployments Gain Momentum in Government
Buildings and Public Lighting
Smart Lighting Solutions to Meet Needs of Healthcare Facilities
Advances in Lighting System & Controls Drive Adoption in
Healthcare Facilities
Introduction of Interoperable Communication Networks Fuels
Demand for Wireless Lighting Devices
Advent of Novel Standards Fuel Demand for Bluetooth-Enabled
Communication Devices
Technology Advancements in Smart Lighting & Controls to Boost
Market Prospects
Li-Fi to Emerge as Game Changer
OLED Lighting Remains a Niche Category
Horticulture Lighting with Smart LEDs for Enabling City Farming
Ongoing Covid-19 Pandemic Fuels Demand for Touch Free LED
Lighting Devices
Government Policies Spur Adoption of Energy Efficient Lighting
Solutions, Spur Opportunities for Smart Lighting Market
Impact of COVID-19 on the Construction Sector Tones Down Near-
term Growth Prospects
EXHIBIT 7: World Construction Industry (in US$ Trillion) for
the Years 2017, 2019 & 2022
Demographic Trends Influence Market Prospects
EXHIBIT 8: World Population (in Thousands) by Geographic Region
for the Years 2019, 2030, 2050, 2100
Urbanization Drives Need for Efficient, and Longer Lasting
Smart Lighting Solutions
EXHIBIT 9: World Urban Population in Thousands: 1950-2050P
EXHIBIT 10: Degree of Urbanization Worldwide: Urban Population
as a % of Total Population by Geographic Region for the Years
1950, 1970, 1990, 2018, 2030 and 2050
Growing Middle Class Population
EXHIBIT 11: Global Middle Class Population (In Million) by
Region for the Years 2020, 2025 and 2030
EXHIBIT 12: Global Middle Class Spending (US$ Trillion) by
Region for the Years 2020, 2025, 2030
Improving Standards of Living
Key Challenges Hampering Market Prospects for Smart Lighting

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4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Smart Lighting and
Control Systems by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America and Rest of World
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2020 through 2027 and % CAGR

Table 2: World Historic Review for Smart Lighting and Control
Systems by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 and % CAGR

Table 3: World 12-Year Perspective for Smart Lighting and
Control Systems by Geographic Region – Percentage Breakdown of
Value Sales for USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets for Years
2015, 2020 & 2027

Table 4: World Current & Future Analysis for Light Emitting
Diodes (LEDs) by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 5: World Historic Review for Light Emitting Diodes (LEDs)
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 and % CAGR

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Table 6: World 12-Year Perspective for Light Emitting Diodes
(LEDs) by Geographic Region – Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific,
Latin America and Rest of World for Years 2015, 2020 & 2027

Table 7: World Current & Future Analysis for Fluorescent Lamps
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 8: World Historic Review for Fluorescent Lamps by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 and % CAGR

Table 9: World 12-Year Perspective for Fluorescent Lamps by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2015, 2020 & 2027

Table 10: World Current & Future Analysis for Other Lighting
Sources by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

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Table 11: World Historic Review for Other Lighting Sources by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 and % CAGR

Table 12: World 12-Year Perspective for Other Lighting Sources
by Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2015, 2020 & 2027

Table 13: World Current & Future Analysis for Wired by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 14: World Historic Review for Wired by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets – Independent Analysis of
Annual Sales in US$ Million for Years 2015 through 2019 and %
CAGR

Table 15: World 12-Year Perspective for Wired by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America and Rest of
World for Years 2015, 2020 & 2027

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Table 16: World Current & Future Analysis for Wireless by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 17: World Historic Review for Wireless by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets – Independent Analysis of
Annual Sales in US$ Million for Years 2015 through 2019 and %
CAGR

Table 18: World 12-Year Perspective for Wireless by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America and Rest of
World for Years 2015, 2020 & 2027

Table 19: World Current & Future Analysis for Commercial by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 20: World Historic Review for Commercial by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets – Independent Analysis of
Annual Sales in US$ Million for Years 2015 through 2019 and %
CAGR

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Table 21: World 12-Year Perspective for Commercial by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2015, 2020 & 2027

Table 22: World Current & Future Analysis for Industrial by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 23: World Historic Review for Industrial by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets – Independent Analysis of
Annual Sales in US$ Million for Years 2015 through 2019 and %
CAGR

Table 24: World 12-Year Perspective for Industrial by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2015, 2020 & 2027

Table 25: World Current & Future Analysis for Government by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

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Table 26: World Historic Review for Government by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets – Independent Analysis of
Annual Sales in US$ Million for Years 2015 through 2019 and %
CAGR

Table 27: World 12-Year Perspective for Government by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2015, 2020 & 2027

Table 28: World Current & Future Analysis for Residential by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 29: World Historic Review for Residential by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets – Independent Analysis of
Annual Sales in US$ Million for Years 2015 through 2019 and %
CAGR

Table 30: World 12-Year Perspective for Residential by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2015, 2020 & 2027

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III. MARKET ANALYSIS

UNITED STATES
Market Overview
Smart LED Lighting Witnesses Steady Adoption
Demand Continues to Grow for Connected LED Lighting Solutions
Increasing Use of LEDs in Retrofit Applications Benefit Market
Expansion
Smart Street Lighting Offers Significant Opportunities for
Market Penetration
Construction Activity Dynamics Determine Trends in Smart
Lighting Market
EXHIBIT 13: Key Indicators for US Residential Construction Market
EXHIBIT 14: Number of Housing Starts in Thousand Units by Type
for Single-Family Units and Multi-Family Units (Jan 2020-June
2020)
Lighting Controls: Facilitating Lighting Management Anywhere
Anytime
As COVID-19 Dents Prospects in Automotive Industry, Impact
Imminent on Smart Automotive Lighting Market
EXHIBIT 15: US Vehicle Sales: % Change in Unit Sales for 2019
Vs 2020
Regulatory Changes Transform the Country?s Lighting Landscape
Table 31: USA Current & Future Analysis for Smart Lighting and
Control Systems by Lighting Source – Light Emitting Diodes
(LEDs), Fluorescent Lamps and Other Lighting Sources –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 32: USA Historic Review for Smart Lighting and Control
Systems by Lighting Source – Light Emitting Diodes (LEDs),
Fluorescent Lamps and Other Lighting Sources Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 and % CAGR

Table 33: USA 12-Year Perspective for Smart Lighting and
Control Systems by Lighting Source – Percentage Breakdown of
Value Sales for Light Emitting Diodes (LEDs), Fluorescent Lamps
and Other Lighting Sources for the Years 2015, 2020 & 2027

Table 34: USA Current & Future Analysis for Smart Lighting and
Control Systems by Connectivity – Wired and Wireless –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

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Table 35: USA Historic Review for Smart Lighting and Control
Systems by Connectivity – Wired and Wireless Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 and % CAGR

Table 36: USA 12-Year Perspective for Smart Lighting and
Control Systems by Connectivity – Percentage Breakdown of Value
Sales for Wired and Wireless for the Years 2015, 2020 & 2027

Table 37: USA Current & Future Analysis for Smart Lighting and
Control Systems by Application – Commercial, Industrial,
Government and Residential – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 38: USA Historic Review for Smart Lighting and Control
Systems by Application – Commercial, Industrial, Government and
Residential Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2015 through 2019 and % CAGR

Table 39: USA 12-Year Perspective for Smart Lighting and
Control Systems by Application – Percentage Breakdown of Value
Sales for Commercial, Industrial, Government and Residential
for the Years 2015, 2020 & 2027

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CANADA
Table 40: Canada Current & Future Analysis for Smart Lighting
and Control Systems by Lighting Source – Light Emitting Diodes
(LEDs), Fluorescent Lamps and Other Lighting Sources –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 41: Canada Historic Review for Smart Lighting and Control
Systems by Lighting Source – Light Emitting Diodes (LEDs),
Fluorescent Lamps and Other Lighting Sources Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 and % CAGR

Table 42: Canada 12-Year Perspective for Smart Lighting and
Control Systems by Lighting Source – Percentage Breakdown of
Value Sales for Light Emitting Diodes (LEDs), Fluorescent Lamps
and Other Lighting Sources for the Years 2015, 2020 & 2027

Table 43: Canada Current & Future Analysis for Smart Lighting
and Control Systems by Connectivity – Wired and Wireless –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 44: Canada Historic Review for Smart Lighting and Control
Systems by Connectivity – Wired and Wireless Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 and % CAGR

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Table 45: Canada 12-Year Perspective for Smart Lighting and
Control Systems by Connectivity – Percentage Breakdown of Value
Sales for Wired and Wireless for the Years 2015, 2020 & 2027

Table 46: Canada Current & Future Analysis for Smart Lighting
and Control Systems by Application – Commercial, Industrial,
Government and Residential – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 47: Canada Historic Review for Smart Lighting and Control
Systems by Application – Commercial, Industrial, Government and
Residential Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2015 through 2019 and % CAGR

Table 48: Canada 12-Year Perspective for Smart Lighting and
Control Systems by Application – Percentage Breakdown of Value
Sales for Commercial, Industrial, Government and Residential
for the Years 2015, 2020 & 2027

JAPAN
Table 49: Japan Current & Future Analysis for Smart Lighting
and Control Systems by Lighting Source – Light Emitting Diodes
(LEDs), Fluorescent Lamps and Other Lighting Sources –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

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Table 50: Japan Historic Review for Smart Lighting and Control
Systems by Lighting Source – Light Emitting Diodes (LEDs),
Fluorescent Lamps and Other Lighting Sources Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 and % CAGR

Table 51: Japan 12-Year Perspective for Smart Lighting and
Control Systems by Lighting Source – Percentage Breakdown of
Value Sales for Light Emitting Diodes (LEDs), Fluorescent Lamps
and Other Lighting Sources for the Years 2015, 2020 & 2027

Table 52: Japan Current & Future Analysis for Smart Lighting
and Control Systems by Connectivity – Wired and Wireless –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 53: Japan Historic Review for Smart Lighting and Control
Systems by Connectivity – Wired and Wireless Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 and % CAGR

Table 54: Japan 12-Year Perspective for Smart Lighting and
Control Systems by Connectivity – Percentage Breakdown of Value
Sales for Wired and Wireless for the Years 2015, 2020 & 2027

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Table 55: Japan Current & Future Analysis for Smart Lighting
and Control Systems by Application – Commercial, Industrial,
Government and Residential – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 56: Japan Historic Review for Smart Lighting and Control
Systems by Application – Commercial, Industrial, Government and
Residential Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2015 through 2019 and % CAGR

Table 57: Japan 12-Year Perspective for Smart Lighting and
Control Systems by Application – Percentage Breakdown of Value
Sales for Commercial, Industrial, Government and Residential
for the Years 2015, 2020 & 2027

CHINA
China Emerges as a Key Market for Smart Lighting Products
EXHIBIT 16: Urbanization in China in Terms of Percentage Share
of Total Population Living in Cities: 2010-2020
Smart LED Lighting Market Holds Tremendous Potential in China
Table 58: China Current & Future Analysis for Smart Lighting
and Control Systems by Lighting Source – Light Emitting Diodes
(LEDs), Fluorescent Lamps and Other Lighting Sources –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 59: China Historic Review for Smart Lighting and Control
Systems by Lighting Source – Light Emitting Diodes (LEDs),
Fluorescent Lamps and Other Lighting Sources Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 and % CAGR

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Table 60: China 12-Year Perspective for Smart Lighting and
Control Systems by Lighting Source – Percentage Breakdown of
Value Sales for Light Emitting Diodes (LEDs), Fluorescent Lamps
and Other Lighting Sources for the Years 2015, 2020 & 2027

Table 61: China Current & Future Analysis for Smart Lighting
and Control Systems by Connectivity – Wired and Wireless –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 62: China Historic Review for Smart Lighting and Control
Systems by Connectivity – Wired and Wireless Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 and % CAGR

Table 63: China 12-Year Perspective for Smart Lighting and
Control Systems by Connectivity – Percentage Breakdown of Value
Sales for Wired and Wireless for the Years 2015, 2020 & 2027

Table 64: China Current & Future Analysis for Smart Lighting
and Control Systems by Application – Commercial, Industrial,
Government and Residential – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

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Table 65: China Historic Review for Smart Lighting and Control
Systems by Application – Commercial, Industrial, Government and
Residential Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2015 through 2019 and % CAGR

Table 66: China 12-Year Perspective for Smart Lighting and
Control Systems by Application – Percentage Breakdown of Value
Sales for Commercial, Industrial, Government and Residential
for the Years 2015, 2020 & 2027

EUROPE
Europe: A Major Market for Smart Lighting and Lighting Controls
Consumer Interest towards Energy Efficiency Spurs Growth for
Smart Lighting
Smart LED Street Lightings Gather Pace in Europe
Table 67: Europe Current & Future Analysis for Smart Lighting
and Control Systems by Geographic Region – France, Germany,
Italy, UK and Rest of Europe Markets – Independent Analysis of
Annual Sales in US$ Million for Years 2020 through 2027 and %
CAGR

Table 68: Europe Historic Review for Smart Lighting and Control
Systems by Geographic Region – France, Germany, Italy, UK and
Rest of Europe Markets – Independent Analysis of Annual Sales
in US$ Million for Years 2015 through 2019 and % CAGR

Table 69: Europe 12-Year Perspective for Smart Lighting and
Control Systems by Geographic Region – Percentage Breakdown of
Value Sales for France, Germany, Italy, UK and Rest of Europe
Markets for Years 2015, 2020 & 2027

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Table 70: Europe Current & Future Analysis for Smart Lighting
and Control Systems by Lighting Source – Light Emitting Diodes
(LEDs), Fluorescent Lamps and Other Lighting Sources –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 71: Europe Historic Review for Smart Lighting and Control
Systems by Lighting Source – Light Emitting Diodes (LEDs),
Fluorescent Lamps and Other Lighting Sources Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 and % CAGR

Table 72: Europe 12-Year Perspective for Smart Lighting and
Control Systems by Lighting Source – Percentage Breakdown of
Value Sales for Light Emitting Diodes (LEDs), Fluorescent Lamps
and Other Lighting Sources for the Years 2015, 2020 & 2027

Table 73: Europe Current & Future Analysis for Smart Lighting
and Control Systems by Connectivity – Wired and Wireless –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 74: Europe Historic Review for Smart Lighting and Control
Systems by Connectivity – Wired and Wireless Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 and % CAGR

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Table 75: Europe 12-Year Perspective for Smart Lighting and
Control Systems by Connectivity – Percentage Breakdown of Value
Sales for Wired and Wireless for the Years 2015, 2020 & 2027

Table 76: Europe Current & Future Analysis for Smart Lighting
and Control Systems by Application – Commercial, Industrial,
Government and Residential – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 77: Europe Historic Review for Smart Lighting and Control
Systems by Application – Commercial, Industrial, Government and
Residential Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2015 through 2019 and % CAGR

Table 78: Europe 12-Year Perspective for Smart Lighting and
Control Systems by Application – Percentage Breakdown of Value
Sales for Commercial, Industrial, Government and Residential
for the Years 2015, 2020 & 2027

FRANCE
Table 79: France Current & Future Analysis for Smart Lighting
and Control Systems by Lighting Source – Light Emitting Diodes
(LEDs), Fluorescent Lamps and Other Lighting Sources –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

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Table 80: France Historic Review for Smart Lighting and Control
Systems by Lighting Source – Light Emitting Diodes (LEDs),
Fluorescent Lamps and Other Lighting Sources Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 and % CAGR

Table 81: France 12-Year Perspective for Smart Lighting and
Control Systems by Lighting Source – Percentage Breakdown of
Value Sales for Light Emitting Diodes (LEDs), Fluorescent Lamps
and Other Lighting Sources for the Years 2015, 2020 & 2027

Table 82: France Current & Future Analysis for Smart Lighting
and Control Systems by Connectivity – Wired and Wireless –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 83: France Historic Review for Smart Lighting and Control
Systems by Connectivity – Wired and Wireless Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 and % CAGR

Table 84: France 12-Year Perspective for Smart Lighting and
Control Systems by Connectivity – Percentage Breakdown of Value
Sales for Wired and Wireless for the Years 2015, 2020 & 2027

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Table 85: France Current & Future Analysis for Smart Lighting
and Control Systems by Application – Commercial, Industrial,
Government and Residential – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 86: France Historic Review for Smart Lighting and Control
Systems by Application – Commercial, Industrial, Government and
Residential Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2015 through 2019 and % CAGR

Table 87: France 12-Year Perspective for Smart Lighting and
Control Systems by Application – Percentage Breakdown of Value
Sales for Commercial, Industrial, Government and Residential
for the Years 2015, 2020 & 2027

GERMANY
Table 88: Germany Current & Future Analysis for Smart Lighting
and Control Systems by Lighting Source – Light Emitting Diodes
(LEDs), Fluorescent Lamps and Other Lighting Sources –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 89: Germany Historic Review for Smart Lighting and
Control Systems by Lighting Source – Light Emitting Diodes
(LEDs), Fluorescent Lamps and Other Lighting Sources Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 and % CAGR

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Table 90: Germany 12-Year Perspective for Smart Lighting and
Control Systems by Lighting Source – Percentage Breakdown of
Value Sales for Light Emitting Diodes (LEDs), Fluorescent Lamps
and Other Lighting Sources for the Years 2015, 2020 & 2027

Table 91: Germany Current & Future Analysis for Smart Lighting
and Control Systems by Connectivity – Wired and Wireless –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 92: Germany Historic Review for Smart Lighting and
Control Systems by Connectivity – Wired and Wireless Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 and % CAGR

Table 93: Germany 12-Year Perspective for Smart Lighting and
Control Systems by Connectivity – Percentage Breakdown of Value
Sales for Wired and Wireless for the Years 2015, 2020 & 2027

Table 94: Germany Current & Future Analysis for Smart Lighting
and Control Systems by Application – Commercial, Industrial,
Government and Residential – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

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Table 95: Germany Historic Review for Smart Lighting and
Control Systems by Application – Commercial, Industrial,
Government and Residential Markets – Independent Analysis of
Annual Sales in US$ Million for Years 2015 through 2019 and %
CAGR

Table 96: Germany 12-Year Perspective for Smart Lighting and
Control Systems by Application – Percentage Breakdown of Value
Sales for Commercial, Industrial, Government and Residential
for the Years 2015, 2020 & 2027

ITALY
Table 97: Italy Current & Future Analysis for Smart Lighting
and Control Systems by Lighting Source – Light Emitting Diodes
(LEDs), Fluorescent Lamps and Other Lighting Sources –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 98: Italy Historic Review for Smart Lighting and Control
Systems by Lighting Source – Light Emitting Diodes (LEDs),
Fluorescent Lamps and Other Lighting Sources Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 and % CAGR

Table 99: Italy 12-Year Perspective for Smart Lighting and
Control Systems by Lighting Source – Percentage Breakdown of
Value Sales for Light Emitting Diodes (LEDs), Fluorescent Lamps
and Other Lighting Sources for the Years 2015, 2020 & 2027

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Table 100: Italy Current & Future Analysis for Smart Lighting
and Control Systems by Connectivity – Wired and Wireless –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 101: Italy Historic Review for Smart Lighting and Control
Systems by Connectivity – Wired and Wireless Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2015 through 2019 and % CAGR

Table 102: Italy 12-Year Perspective for Smart Lighting and
Control Systems by Connectivity – Percentage Breakdown of Value
Sales for Wired and Wireless for the Years 2015, 2020 & 2027

Table 103: Italy Current & Future Analysis for Smart Lighting
and Control Systems by Application – Commercial, Industrial,
Government and Residential – Independent Analysis of Annual

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Artificial Intelligence

Data Center Chip Market Size was Valued at USD 11.7 Billion in 2022 and is Expected to Reach USD 45.3 Billion by 2032 at a CAGR of 14.6% | Valuates Reports

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BANGALORE, India, July 26, 2024 /PRNewswire/ — Data Center Chip Market By Chip Type (GPU, ASIC, FPGA, CPU, Others), By Data Center Size (Small and Medium Size, Large Size), By Industry Verticals (BFSI, Manufacturing, Government, IT and Telecom, Retail, Transportation, Energy and Utilities, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032.

The Data Center Chip Market was valued at USD 11.7 Billion in 2022, and is estimated to reach USD 45.3 Billion by 2032, growing at a CAGR of 14.6% from 2023 to 2032.
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Major Factors Driving the Growth of Data Center Chip Market
Because of the growing need for data processing and storage solutions brought about by the quick development of cloud computing, artificial intelligence, and big data analytics, the data center chip market is expanding significantly. High-performance chips are necessary for data centers to process massive volumes of data quickly and efficiently. As a result, advances in chip technology, including CPUs, GPUs, and specialist AI processors, have been made. The need for more resilient and scalable data center infrastructure is fueled in part by the expansion of digital services and Internet of Things (IoT) devices. The market is expanding due to key areas including Asia-Pacific, with its investments in technology and fast digital transformation, and North America, with its top tech businesses and vast data center networks.
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TRENDS INFLUENCING THE GROWTH OF THE DATA CENTER CHIP MARKET:
In data centers, Graphics Processing Units (GPUs) are essential for speeding up computing operations and data processing. They are perfect for managing workloads related to artificial intelligence (AI), machine learning, and large-scale data analytics because of their parallel processing capabilities. The need for GPUs in data centers is growing as these technologies become increasingly essential to corporate operations. Businesses are purchasing GPUs in order to increase the effectiveness of their data processing, lower latency, and boost overall performance. The need for data center chips is being driven by the increasing reliance on GPUs for sophisticated computing activities, which is considerably contributing to the market’s rise. This need is further increased by the growing use of AI and machine learning in a variety of sectors, which puts GPUs at the forefront of the data center semiconductor industry.
Compared to general-purpose chips, Application Specific Integrated Circuits (ASICs) provide better performance and efficiency since they are designed specifically for a given application. ASICs are extensively utilized in data centers for specific tasks including networking, data compression, and encryption. ASICs are becoming more and more common as a result of the growth of cloud computing, big data analytics, and blockchain technology, which has increased demand for high-performance, energy-efficient processors. Their capacity to provide tailored performance for certain applications aids data centers in better workload management, power conservation, and operating expense reduction. The market is expanding as a result of the increased preference for ASICs in data centers, which is fueling the need for specialized data center chips.
Large data centers are important users of data center chips; they are run by well-known IT firms and cloud service providers. To manage enormous volumes of data and provide a wide range of services, these facilities need a great deal of processing power and sophisticated computing skills. High-performance data center chips are becoming more and more necessary as a result of the growth of massive data centers and the rising demand for online streaming, cloud services, and digital transactions. These chips are necessary to ensure effective data management, processing, and storage, which helps big data centers fulfill the increasing expectations of its clientele. Large data center proliferation is anticipated to considerably boost the data center chip industry as the digital economy continues to grow.
Data centers are becoming more and more important to the Banking, Financial Services, and Insurance (BFSI) industry as a means of safely and effectively managing high transaction volumes, consumer data, and financial records. The need for sophisticated data center processors is being driven by the sector’s requirement for real-time data processing, high-performance computing, and strong security measures. BFSI organizations may improve their operational efficiency, guarantee data integrity, and deliver superior client services by utilizing data centers fitted with robust chips. The BFSI sector’s need for data center chips is being driven by the increasing use of online banking, digital banking, and financial analytics tools, all of which increase the requirement for sophisticated data center infrastructure.
The market for data center chips is significantly influenced by the cloud computing industry’s explosive growth. There is a growing need for scalable, effective, and high-performance data center infrastructure as more companies move their operations to the cloud. In order to handle enormous volumes of data, facilitate virtualization, and guarantee flawless service delivery, cloud service providers need sophisticated data center chips. Sturdy data center chips are becoming more and more necessary as cloud-based solutions become more and more popular. Benefits like cost savings, flexibility, and scalability are driving this trend. In places like North America and Europe, where cloud adoption rates are high and data center chip demand is rising rapidly, this tendency is especially significant.
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DATA CENTER CHIP MARKET SHARE
In 2022, North America gained a sizable portion of the market.
In 2022, the GPU made up the largest portion of the market share.
Throughout the projection period, large data centers are expected to gain a significant portion.
The BFSI market is anticipated to be one of the most profitable markets.
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Key Companies:
Advanced Micro Devices IncTaiwan Semiconductor Manufacturing Company LimitedBroadcomHuawei Technologies Co LtdIntel CorporationNVidia CorporationSamsung Electronics Co LtdQualcomm Technologies IncGlobalFoundriesARM LIMITED (SOFTBANK GROUP CORP.)Purchase Chapters @ https://reports.valuates.com/request/chaptercost/ALLI-Auto-2B326/Data_Center_Chip_Market
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
–  The global modular data center market size was valued at USD 14,952 Million in 2019 and is projected to reach USD 59,971 Million by 2027, registering a CAGR of 18.7% from 2020 to 2027.
–  Data Centre Market was estimated to be worth USD 137500 Million in 2023 and is forecast to a readjusted size of USD 412740 Million by 2030 with a CAGR of 16.8% during the forecast period 2024-2030.
–  Data Center PCIe Chip market was valued at USD 194.9 Million in 2023 and is anticipated to reach USD 377.4 Million by 2030, witnessing a CAGR of 10.2% during the forecast period 2024-2030.
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–  According to a new report published by , titled, “Big Data Analytics in Semiconductor & Electronics Market,” The big data analytics in semiconductor & electronics market was valued at D18.7 billion in 2021, and is estimated to reach D47.2 billion by 2031, growing at a CAGR of 9.9% from 2022 to 2031.
–  IoT market was valued at USD 34250 Million in 2023 and is anticipated to reach USD 74630 Million by 2030, witnessing a CAGR of 11.6% during the forecast period 2024-2030.
–  Data Center AI Accelerator Chip Market
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–  According to a new report published by , titled, “Data Processing Unit Market”, the data processing unit market was valued at D553.96 Million in 2021, and is estimated to reach D5.5 billion by 2031, growing at a CAGR of 26.9% from 2022 to 2031.
–  Optical Chip for Data Center Market
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–  Optical Communication Chip Market revenue was USD 3102.7 Million in 2022 and is forecast to a readjusted size of USD 7251.5 Million by 2029 with a CAGR of 12.9% during the forecast period (2023-2029).
–  SiC Power Chip Market
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Artificial Intelligence

Industry 4.0 Market to Surpass USD 513.89 Billion by 2031 with Automation Surge | SkyQuest Technology

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WESTFORD, Mass., July 26, 2024 /PRNewswire/ — According to SkyQuest, the global Industry 4.0 Market size was valued at USD 133.05 billion in 2022 and is poised to grow from USD 154.6 billion in 2023 to USD 513.89 billion by 2031, growing at a CAGR of 16.2% during the forecast period (2024-2031).

Industry 4.0 or the fourth industrial revolution emphasizes the use of automation and interconnectivity. Employment of advanced technologies such as artificial intelligence, machine learning, robotics, and connected devices to improve the productivity and efficiency of industries. Rapid digitization and advancements in technology are forecasted to bolster the Industry 4.0 market growth over the coming years. The global Industry 4.0 market is segmented into technology, industry vertical, and region. 
Download a detailed overview: 
https://www.skyquestt.com/sample-request/industry-4-0-market
Industry 4.0 Market Overview:
Report Coverage
Details
Market Revenue in 2023
$ 154.6 billion
Estimated Value by 2031
$ 513.89 billion
Growth Rate
Poised to grow at a CAGR of 16.2%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Technology, Industry and Region
Geographies Covered
North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Report Highlights
Internet of Things (IoT) technology takes centerstage for Industry 4.0 adoption
Key Market Opportunities
Adoption of smart manufacturing and additive manufacturing practices
Key Market Drivers
Rising demand for automation across all industry verticals
Segments covered in Industry 4.0 Market are as follows:
TechnologyRobots (Traditional Industrial Robots {Articulated robots, Cartesian Robots, Selective Compliance Assembly Robot Arm (SCARA), Cylindrical Robots, Others}, Collaborative Robots), Blockchain in Manufacturing, Industrial Sensors (Level Sensors, Temperature Sensors, Flow Sensors, Position Sensors, Pressure Sensors, Force Sensors, Humidity & Moisture Sensors, Gas Sensors), Industrial 3D Printing, Machine Vision (Camera {Digital Camera, Smart Camera}, Frame Grabbers, Optics, and LED Lighting, Processor and Software), HMI (Offering {Hardware [Basic HMI, Advanced Panel-based HMI, Advanced PC-based HMI, Others], Software [On-premises HMI, Cloud-based HMI], Services}), Configuration ({Embedded HMI, Standalone HMI}, Technology {Motion HMI, Bionic HMI, Tactile HMI, Acoustic HMI}, End-user Industry {Process industries [Oil & Gas, Food & beverages, Pharmaceuticals, Chemicals, Energy & power, Metals & mining, Water & wastewater, Others], Discrete industry [Automotive, Aerospace & defense, Packaging, Medical devices, Semiconductor & electronics, Others]}), AI In Manufacturing (Offering {Hardware [Processor MPU, GPU, FPGA, ASIC, Memory, Network], Software [AI solutions- | On-premises, Cloud |, AI platform- | Machine learning framework, Application program interface |], Services [Deployment & integration, Support & maintenance]}, Technology {Machine learning [Deep learning, Supervised learning, Reinforcement learning, Reinforcement learning, Others], Natural language processing [Context-aware computing, Computer vision]}, Application {Predictive maintenance and machinery inspection, Material movement, Production planning, Field services, Quality control, Cybersecurity, Industrial robots, Reclamation}, Digital Twin {Technology [Internet of Things (IOT), Blockchain, Artificial intelligence & machine learning, Artificial intelligence & machine learning, Big data analytics, 5G], Usage Type [Product digital twin, Process digital twin, System digital twin], Application [Product design & development, Performance monitoring, Predictive maintenance, Inventory management, Business optimization, Others]}, Automated Guided Vehicles (AGV) {Type [Tow vehicles, Unit load carriers, Pallet trucks, Assembly line vehicles, Forklift trucks, Others], Navigation Technology [Laser guidance, Magnetic guidance, Inductive guidance, Optical tape guidance, Vision guidance, Others]}, Machine Condition Monitoring {Monitoring Technique [Vibration monitoring, Embedded systems, Vibration analyzers and meters, Thermography, Oil analysis, Corrosion monitoring, Ultrasound emission, Motor current analysis], Offering [Hardware – Vibration sensors, Accelerometers, Tachometers, Infrared sensors, Spectrometers, Ultrasound detectors, Spectrum analyzers, Corrosion probes], Software [Data integration, Diagnostic reporting, Order tracking analysis, Parameter calculation], Deployment Type [On-premises deployment, Cloud deployment], Monitoring Process [Online condition monitoring, Portable condition monitoring]})IndustryManufacturing, Automotive, Energy, Medical, Semiconductor & Electronics, Food & Beverage, Oil & Gas, Aerospace, Metals & Mining, Chemicals, and OthersRequest Free Customization of this report: 
https://www.skyquestt.com/speak-with-analyst/industry-4-0-market
Internet of Things (IoT) Technology to Remain Indispensable for Industry 4.0
Internet of Things (IoT) remains the most crucial technology in global Industry 4.0 market growth owing to its role in interconnectivity and automation across different verticals. Advancements in connectivity technologies and rising use of automation in different industry verticals are also estimated to help this sub-segment gain an impressive market share. Surging demand for predictive maintenance will also boost the adoption of IoT technology in the long run.
Advanced robotic technologies are also slated to gain traction in the Industry 4.0 market. Growing acceptance of robots and high investments in advancements of robotic technologies are also slated to create new opportunities for providers of advanced robotics in the Industry 4.0 market. The low margin of error and the immense scope of automation are key benefits of robotics that help this sub-segment flourish.
Artificial intelligence (AI) will be another popular technology in the Industry 4.0 world going forward. Increasing demand for continuous monitoring, real-time analytics, and predictive maintenance are slated to help the demand for artificial intelligence in the future. The rising use of IoT devices will also boost the demand for cloud computing technology in the long run.
View report summary and Table of Contents (TOC): 
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Manufacturing Vertical to Spearhead Industry 4.0 Market Development
The manufacturing vertical is estimated to be at the forefront when it comes to Industry 4.0 adoption. The surge in use of robotics, advanced technologies, and smart manufacturing practices sets the tone for Industry 4.0 in this industry vertical. High emphasis on improving manufacturing efficiency, reducing downtime, and maximizing profits are all contributing to the high market share of this sub-segment.
The automotive industry is another vertical where Industry 4.0 market players could invest to get good returns. The high adoption of advanced robotics and other smart manufacturing technologies to maximize production allows this sub-segment to become a crucial one for Industry 4.0 providers. The aerospace and defense industry vertical also shows a lot of promise for Industry 4.0 companies going forward. Growing demand for advanced manufacturing techniques and technologies to create complex aerospace components is helping Industry 4.0 market growth via this segment.
The oil & gas industry is also estimated to embrace Industry 4.0 trend with open hands as they try to improve their operations and promote better resource utilization. High demand for predictive maintenance to reduce downtime and the growing adoption of digital oilfield solutions are estimated to bolster Industry 4.0 market development in the long run.
To sum it up, the application scope for Industry 4.0 is endless as automation and digitization pick up pace around the world. High investments in development of IoT and AI technologies will create better opportunities for Industry 4.0 companies in the future. The manufacturing industry will remain the top revenue generating sub-segment and more opportunities for aerospace, automotive, and oil & gas verticals will be seen over the coming years.
Related Report:
Digital Twin Market
Cyber Security Market
Artificial Intelligence (AI) Market
Internet Of Things (IoT) Market
Machine Learning Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact: Mr. Jagraj SinghSkyQuest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
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Artificial Intelligence

Generative AI Cybersecurity Market worth $40.1 billion by 2030 – Exclusive Report by MarketsandMarkets™

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CHICAGO, July 26, 2024 /PRNewswire/ — The Generative AI cybersecurity Market is anticipated to experience substantial expansion, ascending from a value of USD 7.1 billion in 2024 to a substantial worth of USD 40.1 billion by the year 2030, according to a new report by MarketsandMarkets™. This growth trajectory reflects a robust compound annual growth rate (CAGR) of 33.4% over the forecast period.

Browse in-depth TOC on “Generative AI cybersecurity Market”
350 – Tables 60 – Figures450 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2019–2030
Base year considered
2023
Forecast period
2024–2030
Forecast units
USD (Million)
Segments Covered
Offering, Generative AI-based Cybersecurity, Cybersecurity for Generative AI, Security Type, End-user, and Region
Geographies covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies covered
Microsoft (US), IBM (US), Google (US), SentinelOne (US), AWS (US), NVIDIA (US), Cisco (US), CrowdStrike (US), Fortinet (US), Zscaler (US), Trend Micro (Japan), Palo Alto Networks (US), BlackBerry (Canada), Darktrace (UK), F5 (US), Okta (US), Sangfor (China), SecurityScorecard (US), Sophos (UK), Broadcom (US), Trellix (US), Veracode (US), LexisNexis (US), Abnormal Security (US), Adversa AI (Israel), Aquasec (US), BigID (US), Checkmarx (US), Cohesity (US), Credo AI (US), Cybereason (US), DeepKeep (Israel), Elastic NV (US), Flashpoint (US), Lakera (US), MOSTLY AI (Austria), Recorded Future (US), Secureframe (US), Skyflow (US), SlashNext (US), Snyk (US), Tenable (US), TrojAI (Canada), VirusTotal (Spain), XenonStack (UAE), and Zerofox (US).
This dramatic surge is being fueled by a number of causes. The primary growth driver is the enhancement of existing cybersecurity tools through generative AI algorithms by improving anomaly detection, automating threat hunting and penetration testing, and providing complex simulations for security testing purposes. These techniques enable various cyber-attack scenarios that can be simulated using the Generative Adversarial Networks (GANs), thus enabling the development of better preparedness and response strategies. On the other hand, it requires special cyber security tools to protect generative AI workloads against unique vulnerabilities such as adversarial attacks, model inversions and LLM poisoning. These tools include differential privacy and secure multi-party computation that are integrated into AI systems for training and deployment data protection purposes.
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Generative AI apps security segment will account for largest market share during the forecast period.
The cybersecurity landscape is rapidly changing for generative AI apps, which are already making their way into chatbots, content creation tools like word processors, and personalized recommendation systems. According to McAfee, 55% of these programs have had security breaches. This highlights the dire need for stronger protective measures from unauthorized access. Several generative AI applications that use adversarial techniques to force the desired reaction out of intelligent machines.
Therefore, there is a pressing demand in the number of developers who ensure that such machines are made more robust through techniques like adversarially trained models and resistant architectures. Finally, the usage of secure enclaves plus hardware-based security measures is growing off late, mainly aimed at safeguarding vulnerable AI computations from being tampered with. For instance, OpenAI has very strict security rules meant to protect GPT models thereby ensuring data integrity and user privacy.
By end-user, government & defense sector is poised to account for larger market share in 2024.
Government as well as defense industries are increasingly resorting to generative AI for cyber security purposes due to the urgency of protecting sensitive information and national security. According to a recent CSIS report, AI is being integrated into the cybersecurity framework of 43% of government agencies which resultantly improves their ability to identify and counter threats. As an example, the United States Department of Defense has started using artificial intelligence (AI) based security solutions backed by generative AI that can create fictitious cyber-attacks, thereby providing them with enhanced preparedness against advanced types of threats.
This technology also helps these sectors handle and analyze large volumes of data more effectively, giving valuable insights that will enable them prevent or mitigate cyber threats. This trend demonstrates an increasing reliance on generative AI in fortifying cyber security measures so as to ensure that critical infrastructure and sensitive data remain secure in today’s intricate digital landscape.
By region, North America to hold the largest share by market value in 2024.
In 2024, North America will be the leading region based on market share due to its excellent technology infrastructure, substantial investments in AI-enabled cybersecurity and the presence of key players. Major cyber security research universities and tech companies such as Google, AWS, CrowdStrike, SentinelOne and IBM are present in this area, pushing them on the forefront of potent risk management technologies and generative AI tools for threat detection. For example, IBM’s security platform powered by AI has improved detection rates for threats up by 40%, thus proving the relevance of AI technology to enhancing cybersecurity.
Moreover, legislative instruments such as Cybersecurity Information Sharing Act (CISA) are being put in place to promote advanced cybersecurity technologies. As internet attacks continue getting more complicated, North American enterprises prefer generative artificial intelligence (AI), so as to enhance their safety measures pertaining to personal data and digital infrastructure.
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Top Key Companies in Generative AI cybersecurity Market:
The major players in the generative AI cybersecurity market include Palo Alto Networks (US), AWS (US), CrowdStrike (US), SentinelOne (US), and Google (US), along with SMEs and startups such as MOSTLY AI (Austria), XenonStack (UAE), BigID (US), Abnormal Security (US), and Adversa AI (Israel).
Browse Adjacent Market: Artificial Intelligence (AI) Market Research Reports & Consulting
Browse Other Reports:
AI Model Risk Management Market – Global Forecast to 2029
AI in Chemicals Market – Global Forecast to 2029
Artificial Intelligence in Cybersecurity Market – Global Forecast to 2028
Explainable AI Market – Global Forecast to 2028
Artificial Intelligence (AI) Toolkit Market – Global Forecast to 2028
Get access to the latest updates on Generative AI cybersecurity Companies and Generative AI cybersecurity Industry
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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