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Asia Pacific Smart Lighting Market to Exceed Valuation of US$ 11,159.4 million by 2030 | Astute Analytica

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New Delhi, Feb. 02, 2023 (GLOBE NEWSWIRE) — The Asia Pacific region has been identified as the fastest-growing region for the Smart Lighting Market. This is the result of increasing consumer demand for energy-efficient lighting solutions for households, commercial establishments, and industrial applications. As per Astute Analytica, the region is expected to witness a significant growth owing to the increasing adoption of LED lighting products, rising awareness of energy efficiency, and the proliferation of IoT technologies. The increasing demand for smart lighting solutions in the region is further fueled by the rising urbanization, and advancements in the internet connected devices.

The Asia pacific smart lighting market is projected to reach USD 11,159.4 million by 2030, growing at a CAGR of 12.6% from 2023-2030. This impressive growth is attributed to the increasing use of smart lighting in commercial and industrial settings, which in turn has resulted in high demand for wired connectivity in this market. Furthermore, the market is expected to witness higher adoption of smart technologies such as Internet of Things (IoT), Artificial Intelligence (AI) and Machine Learning (ML) in the coming years.

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Smart lighting technologies offer numerous benefits such as energy efficiency, cost savings, improved safety and convenience, and enhanced lighting control. Moreover, advancements in the LED technology have provided an impetus to the growth of the Asia Pacific smart lighting market. The proliferation of connected devices, such as smartphones and tablets, has further contributed to the growth of this market. Additionally, the increasing penetration of smart homes, offices, and commercial establishments has further bolstered the market for smart lighting in this region.

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Wired Smart Lighting Market Generated Over 59% Market Revenue

Wired smart lighting generated over 59% of the revenue in the smart lighting market in 2022. The reason behind its success can be attributed to several factors such as stability, reliability, and established infrastructure. From a business point of view, wired smart lighting provides several advantages. Firstly, wired lighting systems are known for their stability and reliability compared to wireless systems, making them a popular choice for large-scale installations like commercial buildings and industrial facilities.

Another advantage of wired smart lighting is that the existing infrastructure for wired lighting systems provides a foundation for companies to upgrade to smart lighting. The infrastructure can be easily upgraded to include smart features like remote control and automation without significant changes to the wiring.

The trend towards energy-efficient lighting solutions is also driving demand for wired smart lighting market. Wired smart lighting systems provide more efficient lighting compared to traditional lighting systems and offer features that allow for greater energy savings like scheduling and occupancy detection. Finally, the trend towards smart buildings and the Internet of Things (IoT) is driving demand for integrated and automated systems that can be controlled and monitored from a central location. Wired smart lighting systems offer the stability and reliability needed to support these large-scale, integrated systems.

Compact Fluorescent Lamps to Offer Revenue Opportunity Worth $42.92 Billion in Asia Pacific Smart Lighting Market

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The smart compact fluorescent lamp market is poised for substantial growth, with our analysts projecting a revenue opportunity worth $42.92 billion by 2030. The increasing demand for energy-efficient lighting solutions, along with the growing adoption of smart home technology, is driving the growth of this market.

Smart compact fluorescent lamps are energy-efficient lighting solutions that offer features such as remote control, voice control, and scheduling options. These features make them an attractive option for consumers looking to reduce their energy consumption and costs.

The growth of the smart home industry is also playing a significant role in the growth of the smart compact fluorescent lamp market. The integration of smart lighting with other smart home devices, such as thermostats and security systems, is making it easier for consumers to manage and control their home lighting. Additionally, the increasing awareness of the environmental impact of energy consumption is driving the adoption of energy-efficient lighting solutions, such as smart compact fluorescent lamps. The demand for these products is also being driven by government incentives and regulations aimed at reducing energy consumption.

China is at the Forefront of Asia Pacific Smart Lighting Market and is Projected to Grow at the Highest CAGR of 14.5%

In terms of countries, China and India will be the major contributors to the growth of the Asia Pacific smart lighting market. China is likely to remain the leader in the Asia Pacific region, with its continuous advancements in the Internet of Things technology and its growing urban population. Additionally, the country is witnessing significant investments in the Smart Lighting sector for efficient use of energy and improved safety standards.

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Other key markets in the Asia Pacific smart lighting market include Japan, Australia, South Korea, and the Southeast Asian countries, with high demand for smart home, commercial, and industrial applications. These countries are also focusing on creating an efficient lighting infrastructure. For instance, South Korea is investing in energy-efficient lighting solutions that can improve lighting quality and reduce energy consumption.

Browse summary of the report and Complete Table of Contents (ToC): https://www.astuteanalytica.com/industry-report/asia-pacific-smart-lighting-market

Competitive Landscape: Top 5 Players Generates Over 60% Revenue Share of Asia Pacific Smart Lighting Market

The market is dominated by key players like Syska, Philips (Signify), Crompton, Halonix, Havells, Bajaj, Orient, and GE Lighting, among others. According to our analysis, the top five players hold over 60% of the market share. Leading players in the market offer a variety of products including LEDs, smart bulbs, and sensors. They have deployed their products in countries like China, Japan, and Australia.

These companies are focused on providing innovative and efficient smart lighting solutions that meet the needs and expectations of consumers. They aim to offer products that improve energy efficiency and convenience.

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Philips, Halonix, Havells, and Bajaj are some of the leading companies in the Asia Pacific smart lighting market. All of these companies offer a wide range of products and services for the smart lighting sector. Philips is one of the top players in the industry, with a wide range of products including LED fixtures, connected lighting solutions, and networked dimming systems. Their products have high energy efficiency and are designed to integrate easily into any home or business environment.

Halonix provides a variety of high-quality lighting products that are designed to meet the lighting needs of businesses and homes. They offer LED products, connected lighting solutions, and intelligent dimming solutions. Their products are designed to provide energy efficiency and sustainability.

Havells is another leading player in the Asia Pacific smart lighting market. They provide a wide range of lighting solutions including LED fixtures, connected lighting solutions, and dimming solutions. Their products offer high energy efficiency and are designed for easy integration into any environment.

Some of the Top Market Players Are:

  • Lightning Fixtures
    • Syska
    • Philips
    • Crompton
    • Halonix
    • Havells
    • Bajaj
    • Orient
    • Other Prominent Players
  • Software and System Provider
    • Wipro
    • Street Light Vision (SLV)
    • Virtual Extension
    • Ayla Netwoks
    • PureLiFI
    • Dhyan (The device monitoring & Management)
    • Other Prominent Players
  • Devices, Hardware Installer, System Installer
    • Honeywell International
    • Eaton Corporation
    • Schneider Electric SA
    • Other Prominent Players

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About Astute Analytica

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Astute Analytica is a global analytics and advisory company which has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in depth and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising of business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us.

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Aamir Beg
BSI Business Park, H-15,Sector-63, Noida- 201301- India
Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)
Email: [email protected]
Website: www.astuteanalytica.com


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Artificial Intelligence

How Artificial Intelligence Can Help Give Your Business a Boost

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ISLAMABAD, July 16, 2024 /PRNewswire/ — Mid-year is often a good time to review the status of your business and consider making changes to help your business grow during the second half of the year. It is also an opportunity to assess the level of support your business is getting from digital solution tools, what is available in the market, and what to consider helping propel your business and customer engagement.

While enterprise businesses may have large technology budgets and can assemble a team of specialists, it can be different for small and microbusiness owners. They grapple with a variety of unique challenges running their business to compete in crowded marketplaces, yet this is starting to change.
Generative AI (AI) has taken significant strides over the past year and introducing new tools and strategies does not have to become a major investment or require expertise. With AI by your side, it’s use can help create a marketing strategy to not only stand out, but also help to drive increased engagement and fuel growth. With the increasing use of AI tools, Generative AI is on a path to become the next equalizer for small businesses.
Putting AI to work for content creation
AI becomes a companion in crafting both creative and easy to use content calendars. With AI tools, it can be easy to determine which themes and topics will resonate with desired audiences. From there, content can be created to be distributed across channels, establishing deeper connections with customers while boosting an online presence.
Generative AI steps in to assist in crafting content that captures attention and keeps readers engaged. It provides suggestions and enhancements to existing content and suggests professional images giving small businesses an edge in refining their messaging. And it saves time by tailoring integrated content across various channels. AI’s ability to tweak copy based on real-time feedback and analytics, can also help to fine-tune a rich content strategy delivering strong results.
Unveiling the benefits for targeted marketing
AI tools can also be used to delve deeper into competitor research. Using sophisticated algorithms and data, AI tools can swiftly gather information on competitors’ activity. And that is not all – AI can also serve up invaluable customer insights by analysing data from various sources. By discerning customer preferences, behaviours, and demographics, small businesses can more precisely pinpoint the right audience for their products and services. Once locked onto the right targets, AI helps discover the most effective channels to reach potential customers, helping to ensure marketing efforts are reaching the right audiences.
Evaluate, Adjust, and Shine
AI powered tools are not just here to make businesses look good, they excel at measuring customer performance. By tracking metrics like website engagement rates, conversion rates and customer satisfaction, AI provides insights into what is working and what needs a tweak. This allows small businesses to gauge the effectiveness of marketing campaigns and make informed decisions for improvement.
With access to this variety of insights, along with knowledge of their own business plans, businesses can take advantage of the benefits of using AI tools to streamline processes, consider new ideas and gain customer insights. Working along with human intervention, these insights can be essential to refine the outcomes. Knowing the business well can add the human evaluation element to the AI produced insights, which presents a more well-rounded view when considering opportunities for improvement.
With business owners using AI responsibly, the use of AI tools can be a significant technology enhancement for small businesses looking to go up against their competition and successfully grow their business. With these tools easily available to small business owners and entrepreneurs, AI offers the ability to both save time and money while elevating brand presence and resonating with target audiences more effectively than ever before.
For more information getting started with AI:AI guide for web design — How to create a website with AIAI logo design — A hands-on guideFind out more about how GoDaddy can help your business 
About GoDaddy
GoDaddy helps millions of entrepreneurs around the world start, grow and expand their businesses. People turn to GoDaddy to name their idea, create a professional Web site, attract customers, sell their products and services, and accept online payments. GoDaddy’s easy-to-use tools help micro-entrepreneurs manage everything in one place, and its experts are available to provide 24/7 assistance. For more information about the company, visit www.GoDaddy.com.
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SmartRecruiters Announces SmartAnalytics Pro: Taking Data-Driven Decisions to the Next Level

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LONDON, July 16, 2024 /PRNewswire/ — SmartRecruiters has today announced the launch of SmartAnalytics Pro, a new product designed to revolutionize the way organizations use data. This advanced analytics solution enables customers to create personalized reporting hubs within SmartRecruiters, significantly boosting their team’s analytical capabilities.

SmartAnalytics Pro builds upon the foundational features of SmartAnalytics, offering enhanced capabilities and a more comprehensive analytics experience.
Key highlights include:
Custom Dashboards and Reports: Design reports that fit your team’s unique needs.Deep Data Comparisons: Dive deep into various data sets to make well-informed decisions.Scheduled Data Deliveries: Automate sending data visualizations to key stakeholders.Key Insights: Get ahead with advanced insights into your data for better planning and strategy.”SmartAnalytics Pro is a real game-changer for businesses looking to harness the power of their data,” said Michal Nowak, SVP of Engineering at SmartRecruiters. “Our partnership with Visier brings unmatched expertise in analytics, allowing our users to seamlessly integrate advanced data solutions into their workflows.”
The collaboration with Visier has been crucial in developing SmartAnalytics Pro. This partnership enhances the product by embedding Visier’s top-tier analytics solution inside our product, ensuring users get a comprehensive and scalable reporting solution.
“Enterprise-grade analytics, like those that SmartRecruiters offers its customers, streamline hiring processes, increase efficiencies and diagnose issues within the hiring funnel,” said Zack Johnson, GM, Embedded at Visier. “We know access to data ultimately drives businesses forward; our partnership with SmartRecruiters ensures analytics are accessible and easy to understand so TA leaders can focus on recruiting rather than analysis.”
SmartRecruiters is about breaking barriers and helping companies succeed in hiring. With flexible technology, top-notch support, and a unique Hiring Success Methodology, SmartRecruiters empowers companies to attract the best talent from around the globe. With SmartAnalytics Pro, organizations can harness the power of data, driving smarter decisions and achieving even greater hiring success. SmartAnalytics Pro will be widely available starting July 25th.
About SmartRecruiters
SmartRecruiters enables Hiring Without Boundaries™ by freeing talent acquisition teams from legacy applicant tracking software. SmartRecruiters’ next-generation platform serves as the hiring operating system for 4,000 customers like Bosch, LinkedIn, Skechers, and Visa. Companies with business-critical hiring needs turn to SmartRecruiters for best-of-breed functionality, world-class support, and a robust ecosystem of third-party applications and service providers. For more information visit www.smartrecruiters.com or www.linkedin.com/company/smartrecruiters.
About Visier
Visier is the recognized global leader in people analytics, providing on-demand answers to people-powered businesses. At the core of Visier’s innovations is a simple premise: People impact is business impact and that’s why Visier provides the tools and insights organizations need to drive productivity, performance, and business outcomes through their people. Founded in 2010 by the pioneers of business intelligence, Visier has over 50,000 customers in 75 countries—including enterprises like BASF, Panasonic, Experian, Amgen, eBay, Ford Motor Company, and more. Visier is headquartered in Vancouver, BC with offices and team members worldwide. To learn more about Visier, visit https://www.visier.com/
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Secureworks Elevates State of Cybersecurity for Mid-Market Customers with new Tailored Managed Detection and Response Offering

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Taegis ManagedXDR Plus delivers bespoke security at scale to solve mid-market resource challenges that traditional MDR solutions can’t
ATLANTA, July 16, 2024 /PRNewswire/ — Secureworks® (NASDAQ: SCWX), a global leader in cybersecurity, today announced the launch of Taegis™ ManagedXDR Plus, a new Managed Detection and Response (MDR) offering that liberates the mid-market from indistinct, cookie cutter security solutions that don’t meet their unique security requirements. Today’s announcement means that this market sector will no longer be forced to use homogenous cybersecurity solutions that don’t align to unique environments or the AI-fueled attacks that target them. Taegis ManagedXDR Plus empowers companies with the tailored use cases, compliance reports, and alerting they need to tackle the rising tide of cyberattacks and regulations with limited budget and people.

Nearly one in three (30%) mid-market companies experienced at least one ransomware attack in 20231 highlighting the need for organizations to strengthen their cyber resiliency with a proactive approach, tailored to their environment. Taegis ManagedXDR Plus addresses the evolving needs of this market sector with greater customization and flexibility on alerting, workflows, and reports to address their specific environment, industry regulations, and risk profile. These personalized configurations are supported by expanded threat hunting and access to proactive services to further increase their vigilance against threats. Organizations can see more, detect better, and respond faster by leveraging Secureworks security operations expertise and threat intelligence to fortify their cyber resiliency and exposure management.
“Until today, the mid-market has had to make do with security solutions that do little to bolster their cyber posture. Yet as the economic driving force for countries around the world, the butterfly effect of a cyberattack on organizations in this sector can often be felt far and wide, testing the digital resilience of the wider global economy. It is imperative for our collective defense that organizations of all sizes have access to cybersecurity that improves their security posture within the reality of their budget,” said Kyle Falkenhagen, Chief Product Officer, Secureworks. “The cost of building a SOC in-house quickly escalates when you consider the breadth and depth of expertise required for these advanced challenges, let alone the costs of hiring, training and retaining a robust staff for 24/7 coverage. Taegis ManagedXDR Plus enables mid-market customers to take full advantage of the Taegis platform and our in-house experts to up-level their security to an enterprise level without breaking their budget.”
Delivered using the Secureworks Taegis XDR platform, Taegis ManagedXDR Plus expands upon the capabilities of Secureworks Taegis ManagedXDR solution in several areas:
Tailored AI Enriched Use Cases: Taegis ManagedXDR Plus customers can leverage customization options tailored to their specific needs.Expanded Threat Hunting: This new tier quadruples the number of AI assisted threat hunts available as part of Taegis ManagedXDR, and allows for customized requests to more rapidly uncover emerging and undiscovered threat actors targeting their environments.Premium Support with Named Experts: Customers can also tap into the knowledge of Secureworks experts to further optimize Taegis in their environment, including 1×1 guidance to help efficiently build their security posture over time.Proactive Security Services: Customers can select from a range of proactive security services to further raise their resiliency, identify gaps in posture, and deepen Taegis knowledge.Secureworks now offers three tiers within its Taegis ManagedXDR portfolio – Taegis ManagedXDR, Taegis ManagedXDR Plus and Taegis ManagedXDR Enhanced – delivering on the company’s commitment to meet customers wherever they are on their security journey. Regardless of the tier, Taegis ManagedXDR customers enjoy transparent pricing in an inclusive model which includes direct access to security experts within 90 seconds, one year of log retention to assist in threat hunting and compliance needs, hundreds of integrations to unify their existing ecosystem, and more to provide mid-market customers peace of mind and predictability in their cybersecurity budget.
“In an increasingly sophisticated cybersecurity landscape, enterprises find it challenging to handle security operations by themselves. These organizations have distinct needs. Secureworks acknowledges this and provides increased flexibility with Taegis ManagedXDR Plus,” said Lucas Ferreyra, cybersecurity industry analyst, Frost & Sullivan. “This new MDR service tier delivers additional capabilities that multiply the value of Secureworks MDR service, further enhancing prevention, detection and response, and showing why Secureworks is one of the leaders in the MDR space.”
For more information, please visit the Taegis ManagedXDR Plus web page.
About Secureworks
Secureworks (NASDAQ: SCWX) is a global cybersecurity leader that secures human progress with Secureworks® Taegis™, a SaaS-based, open XDR platform built on 20+ years of real-world detection data, security operations expertise, and threat intelligence and research. Taegis is embedded in the security operations of thousands of organizations around the world who use its advanced, AI-driven capabilities to detect advanced threats, streamline and collaborate on investigations, and automate the right actions.
1 RSM US Middle Market Business Index Special Report: Cybersecurity 2024
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