The global Lighting as a Service (LaaS) Market is projected to reach USD 6.28 billion by 2027, according to a recent report by Emergen Research. The primary driver for the market includes the increasing demand for economical lighting systems. The growing convergence of the technology equipped with Internet of Things (IoT) within the lighting system includes a lower consumption of energy across numerous elements of the planet.

Emergen Research’s latest document, titled ‘Global Lighting as a Service Market - Forecast to 2027,’ is one of the most sought-after market reports involving an in-depth analysis of the global Lighting as a Service market. The report’s authors have offered necessary details on the latest Lighting as a Service market trends and the crucial parameters impacting both short-term and long-term market growth.

COVID-19 Impact Analysis:
The latest report is the most recent study that offers 360 coverage of the Lighting as a Service industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Lighting as a Service market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era.

Regional Overview:
• The global Lighting as a Service market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Lighting as a Service market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.

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