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Smart Indoor Lighting Market To Grow USD 38,976.2 Million at a CAGR of 21.7% by 2030 – Report by Market Research Future (MRFR)

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New York, US, March 14, 2023 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Smart Indoor Lighting Market Research Report: By Component, By Communication Technology, By Light Source, and By Application – Forecast Till 2030, the market is anticipated to acquire a valuation of approximately USD 38,976.2 Million by the end of 2030. The reports further predict the market to flourish at a robust CAGR of over 21.7% during the assessment timeframe.

Smart light technology is trending profusely, garnering significant popularity in businesses and homes worldwide. With their enhanced versatility and minimal energy conservation, smart indoor lighting systems allow users to customize illumination based on their needs.

Key Players 

Key players involved in the smart indoor lighting market are

  • Signify N V,
  • Acuity Brands Lighting Inc.,
  • General Electric Company,
  • Osram Licht AG,
  • Legrand SA,
  • Hubbell Incorporated,
  • Ideal Industries (CREE),
  • Syska LED,
  • Lifx,
  • Sengled,
  • Lutron Electronics Co.,
  • TCP Lighting,
  • Levitron Manufacturing Co. Inc.,
  • Wipro Lighting,
  • Zumtobel Lighting

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Smart indoor lighting technology offers easy, convenient operation, efficiency, and security, working with effective automated controls that change depending on different conditions. Owing to its advantages, such as reduced energy usage, enhanced security, long life span, and easy customization, smart indoor lighting systems garner significant market prominence in the commercial, industrial, and residential sectors. 

On the other hand, the high installation costs and lack of skilled experts are major factors hindering the growth of the smart indoor lighting industry. Smart indoor lighting fixtures are more expensive than regular fluorescent / LED bulbs. However, considering their benefits surpass the initial investment, smart indoor lighting is a cost-saving option over time.

Report Scope:

Report Metric Details
Revenue forecast in 2030 USD 38,976.2 Million
Growth Rate CAGR of 21.7 % from 2022 to 2030
Base Year 2021
Study Period 2022-2030
Key Market Opportunities Digital Integration in Smart Lighting Driving Future of Smart Cities
Key Market Drivers Growing Benefits of Smart Lighting Over Conventional Lighting

Browse In-depth Market Research Report (110 Pages) on Smart Indoor Lighting Market:

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Industry Trends

Increasing consumer preference led by convenience and advantages creates a favorable environment for the smart indoor lighting market. Increasing numbers of smart home and smart city projects drive market growth. Besides, rising demand for smart indoor lighting from government organizations, commercial sectors, automotive & transportation, and construction bolsters the market sales. 

Governments in various countries across the globe are taking several steps to develop smart cities, and installing smart indoor lighting is one of the core programs being undertaken. Moreover, the growing awareness about energy efficiency benefits the environment, technology upgrades, and rising and improving wireless communication technology boosts smart lighting.

Smart Indoor Lighting Market Segments

The smart indoor lighting market is segmented into components, light sources, communication technologies, applications, and regions. The component segment is sub-segmented into hardware, software, and services. The light source segment is sub-segmented into fluorescent lamps, light-emitting diodes (LED), high-density discharge lamps, and other light sources. 

The communication technology segment is sub-segmented into wired and wireless communication technologies. The application segment is further sub-segmented into residential, commercial, and industrial. The region segment is sub-segmented into Asia-Pacific, North America, Europe, and the Rest-of-the-World.

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Regional Analysis

The European region has consistently dominated the global smart indoor lighting market and is anticipated to maintain its market position in the coming years. The increased adoption of smart indoor lighting systems as an energy-efficient indoor lighting solution bolsters market growth in this region. The resurging economy has been influential for the current market growth in the region, increasing consumer purchasing power.  

Besides, vast advancements in sensing technology, healthcare standards improvements, and technical infrastructure drive regional market growth. Moreover, the extensive uptake of smart indoor lighting for connected streetlights in residential and industrial sectors positively impacts market growth. Countries such as Germany, France, the UK, and Norway are the leading country-level markets in the region.

North America has acquired the second position in the global smart indoor lighting market in terms of revenue. Factors such as the increased adoption of smart indoor lighting systems and favorable government policies augment the regional market’s growth. Additionally, the rising demand for smart indoor lighting systems from the automotive and transport sectors fosters market growth.

Technological advances and increased investments to boost wireless technology substantiate the region’s market share. Furthermore, growing application areas of smart indoor lighting in connected streetlights, large commercial buildings, and automation in the manufacturing sector propel the market’s growth. With its augmenting demand for safety and comfort features in household applications, the US dominates the smart indoor lighting market in North America. 

The Asia Pacific smart indoor lighting market has emerged as profitable globally. Raw material advantage and the availability of cost-competitive workforces are the major factors impacting the smart indoor lighting industry in the region. Furthermore, the increasing uptake of smart led streetlights and government initiatives to improve infrastructure boost the regional market growth. 

Considerable advances in artificial intelligence (AI) and other similar technologies push the growth of the market. Besides, increasing applications of smart connected indoor lighting systems in commercial and industrial sectors influence regional market growth. Moreover, the rapidly growing economy in this region increases the smart indoor lighting market size, increasing consumer purchasing power. Japan, China, South Korea, and India are key markets for smart indoor lighting systems in this region. 

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Competitive Analysis

The smart indoor lighting market appears highly competitive due to the presence of several well-established players. Mature industry players are investing strategically in Research and development activities and fostering expansion plans. They form partnerships with leading software & solution providers for product development, with reduced time to market. 

They strive to develop new smart LED lighting systems compatible with various virtual assistance available in the market to support seamless setups. The smart indoor lighting market is experiencing implementations of several strategic approaches, such as expansion, collaboration, mergers & acquisitions, and product launches.

For instance, on Feb. 10, 2023, Aurora Smart Lighting, a leading provider of customizable permanent outdoor lighting systems, announced improvements in its versatile lighting solutions to provide homeowners with long-lasting lighting systems. Aurora Smart Lighting aims to revolutionize the home lighting industry. 

With millions of colors and hundreds of effects, timers, and presets, Aurora’s lighting products can control the lighting systems remotely using Google Home and Amazon Alexa. The company aims to make it easy for homeowners to create a beautiful and customized indoor lighting experience without the hassle of setting up and ridiculous prices. This solution provides a permanent versatile product that is continuously updated for a better user experience.

 Related Reports:

Wi-Fi Chipset Market Research Report: By Type, Fabrication Technology, Die Size, Application- Forecast till 2027

Passive Optical LAN Market Research Report – Global Forecast to 2030    

Smart Thermostat Market Research Report- Forecast to 2030      

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Artificial Intelligence

Clinical Trials Matching Software Market Projected to Reach $832.56 million by 2030 – Exclusive Report by 360iResearch

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PUNE, India, April 18, 2024 /PRNewswire/ — The report titled “Clinical Trials Matching Software Market by Functionality (Analytics & Reporting, Compliance Tracking, Data Management), Deployment (Cloud & Web Based, On-Premise), End-Use – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $342.20 million in 2023 to reach $832.56 million by 2030, at a CAGR of 13.54% over the forecast period.

“The Global Surge in Adoption of Matching Software for Enhanced Participant Enrollment”
Clinical trials matching software stands at the forefront of revolutionizing clinical research by automating the process of identifying and enrolling eligible participants. These platforms offer a streamlined approach to match patient health profiles with trial requirements, accelerating enrollment and supporting the shift toward personalized healthcare using these advanced AI and ML technologies. Although integrating these systems poses challenges due to variations in healthcare IT infrastructure and the imperative for rigorous data security, the potential for market growth is substantial. In the Americas, a robust clinical trials ecosystem thrives; in the European Union, it has unified regulatory standards and extended to emerging regions such as the Middle East, Africa, and the APAC countries; the demand for such innovative solutions is on a steep rise. This demand is fueled by governmental support, the evolving regulatory landscape, and strategic partnerships to embed these solutions within electronic health records, underscoring a global movement toward optimizing clinical trial processes to better cater to specific patient demographics.
Download Sample Report @ https://www.360iresearch.com/library/intelligence/clinical-trials-matching-software
“The Rise of Virtual Trials and Advanced Matching Software”
The healthcare landscape is witnessing a transformative shift toward virtual clinical trials, fueled by technological advancements and the necessity for continuity during the COVID-19 pandemic. This transition supports research amid social distancing measures and introduces significant cost savings by reducing the need for physical infrastructure and in-person interactions. The efficiencies brought by electronic health records (EHR), wearable technologies, and automation streamline the entire process, from patient recruitment to data analysis. Several approaches, endorsed by regulatory bodies such as the FDA, represent a leap forward in making clinical trials more accessible and streamlined, ensuring that more patients can participate in potentially life-saving research without the geographical and logistic constraints of traditional trials.
“Enhancing Clinical Trials through Advanced Analytics, Rigorous Compliance, and Precision-Patient Matching”
Integrating advanced analytics, meticulous compliance monitoring, and precision-patient matching marks a significant advancement toward maximizing efficiency and fostering trial diversity. The software delivers insightful data on trial progress, participant demographics, and enrollment figures, empowering stakeholders to make well-informed decisions and optimize resource distribution to meet trial goals effectively by implementing cutting-edge analytics. The built-in compliance feature ensures trials are conducted in strict adherence to regulatory standards, minimizing risks associated with non-compliance. Furthermore, a robust data management system guarantees the integrity and availability of clinical trial data, which is critical for the seamless operation and real-time analysis of trials. The software includes state-of-the-art patient matching technology, which employs sophisticated algorithms and artificial intelligence to expedite recruitment by accurately identifying candidates who match specific trial requirements. This innovative approach accelerates the recruitment timeline and enhances the diversification of trial participants, paving the way for more inclusive and representative clinical research outcomes.
Request Analyst Support @ https://www.360iresearch.com/library/intelligence/clinical-trials-matching-software
“Medidata by Dassault Systèmes SE at the Forefront of Clinical Trials Matching Software Market with a Strong 11.30% Market Share”
The key players in the Clinical Trials Matching Software Market include International Business Machines Corporation, Science 37, Inc. by eMed, LLC, Medidata by Dassault Systèmes SE, AutoCruitment LLC, Deep 6 AI Inc., and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Clinical Trials Matching Software Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Clinical Trials Matching Software Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Clinical Trials Matching Software Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
Ask Question to ThinkMi @ https://app.360iresearch.com/library/intelligence/clinical-trials-matching-software
“Dive into the Clinical Trials Matching Software Market Landscape: Explore 190 Pages of Insights, 286 Tables, and 22 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsClinical Trials Matching Software Market, by FunctionalityClinical Trials Matching Software Market, by DeploymentClinical Trials Matching Software Market, by End-UseAmericas Clinical Trials Matching Software MarketAsia-Pacific Clinical Trials Matching Software MarketEurope, Middle East & Africa Clinical Trials Matching Software MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/clinical-trials-matching-software
Related Reports:
Clinical Trial Support Services Market – Global Forecast 2024-2030Virtual Clinical Trials Market – Global Forecast 2024-2030Clinical Trials Management System Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset — our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
Contact 360iResearchMr. Ketan Rohom360iResearch Private Limited,Office No. 519, Nyati Empress,Opposite Phoenix Market City,Vimannagar, Pune, Maharashtra,India – 411014.Email: [email protected]: +1-530-264-8485India: +91-922-607-7550
To learn more, visit 360iresearch.com or follow us on LinkedIn, Twitter, and Facebook.
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RepTrak Announces 2024 Global RepTrak® 100 Report

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BOSTON, April 18, 2024 /PRNewswire/ — The RepTrak™ Company, the world’s leading reputation data and insights company, released its annual Global RepTrak 100 report. Utilizing its advanced reputation monitoring software, RepTrak gathered data from more than 243,000 survey responses across 14 major economies to rank the world’s 100 most reputable companies. They share that ranking alongside a full analysis of global corporate reputation trends and corresponding public sentiment in the 2024 report.

After two years of consecutive Reputation Score declines, this year’s Score is back up with an increase from 73.2 in 2023 to 73.8 in 2024. It’s a small increase after 2023’s full one-point drop. However, it’s an encouraging sign that companies have begun to recover from reputation falls driven by many challenges: macroeconomic issues, workplace difficulties, product problems, and corporate responsibility skepticism.
“This year’s report underscores a pivotal shift in the corporate landscape, spotlighting the remarkable adaptability and dedication of the Top 100 companies in responding to the dynamic needs of stakeholders,” states RepTrak CEO Mark Sonders. “The companies featured in our report are not just riding the wave of change; they are the ones steering it, proving that the best approach to business is one that embraces evolution and champions progress.”
RepTrak’s report explores how people thought, felt, and acted toward companies over the past year. Findings include notable increases in Conduct and Citizenship efforts, stakeholders’ rising willingness to invest, culturally resonant brand communications, and ESG Scores that soared despite skepticism around the acronym.
To read the full 2024 Global RepTrak 100 report, please visit: www.reptrak.com/globalreptrak
About RepTrak
The RepTrak™ Company is the world’s leading reputation data and insights company. We help companies by organizing and grading a variety of reputational elements, offering a real-world report card on their corporate reputation. Subscribers to the RepTrak program use our predictive insights to protect business value, improve return on investment, and increase their positive impact on society. RepTrak’s pairing of advanced metrics and dedicated reputation advisors offers clients an actionable analysis of their reputation data, aligning business objectives with stakeholder sentiment across different markets and sectors.
Established in 2004, The RepTrak Company owns the world’s largest reputation benchmarking database, gathering over 1 million company ratings per year used by CEOs, boards, and executives in more than 60 countries worldwide. For more information, please visit: www.reptrak.com
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Group-IB takes part in a global operation to cripple Canadian Phishing-as-a-Service provider LabHost

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SINGAPORE, April 18, 2024 /PRNewswire/ — Group-IB, a leading cybersecurity company aimed at investigating, preventing, and fight digital crime announced today that it participated in a coordinated global takedown operation against prominent Canadian Phishing-as-a-Service (PhaaS) provider LabHost, which has led to the arrest of 37 suspects across the United Kingdom and around the world by law enforcement agencies. As part of the operation, Group-IB also conducted an extensive analysis of LabHost’s criminal history and infrastructure, including insights into LabHost’s administrative platform and the services it provides to its purported user base which exceeds 2,000 subscribers worldwide, who illegally obtained around 480,000 card numbers, 64,000 pin numbers, and over 1 million passwords from victims used for websites and other online services, according to law enforcement agencies.

“By leveraging our Threat Intelligence and Digital Risk Protection, we are able to identify and monitor phishing attacks and websites like those deployed by LabHost and its subscribers around the world, enabling us to actively alert and protect our customers, and in turn, their customers as well,” said Dmitry Volkov, Chief Executive Officer of Group-IB. “Today’s takedown operation demonstrates the agility and responsiveness of our decentralized Digital Crime Resistance Centers, and how quickly we can provide immediate and local assistance wherever our customers may be.”
First uncovered in late 2021, LabHost emerged as a fully automated Phishing-as-a-Service (PhaaS) platform, streamlining the creation of phishing websites meticulously mirroring the interface and functionality of prominent banking, postal, and financial entities, aimed at intercepting, seizing, and profiting from users’ personal, credit card, and online banking credentials. Users are prompted to select from various “membership plans,” tailored to target businesses and individuals in either the United States and Canada, or globally, akin to mobile subscription models. These plans encompass “standard,” “premium,” and “world membership” tiers, priced between US$179 and US$300 monthly, with options for monthly, quarterly, or annual billing cycles.
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