Blockchain Press Releases
Smart Lighting Market size worth $ 21.16 Billion, Globally, by 2030 at 7.10% CAGR: Verified Market Research®
The “Global Smart Lighting Market Size By Offering (Hardware, Software), By End-user Application (Indoor, Outdoor), By Communication Technology (Wired, Wireless), By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Smart Lighting Market, including its growth prospects, market trends, and market challenges.
JERSEY CITY, N.J., July 12, 2023 /PRNewswire/ — The Global Smart Lighting Market is projected to grow at a CAGR of 7.10% from 2022 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 11.55 Billion in 2021 and is expected to reach USD 21.16 Billion by the end of the forecast period.
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Browse in-depth TOC on “Smart Lighting Market“
202 – Pages
126 – Tables
37 – Figures
Smart Lighting Market Driven by Energy Efficiency and IoT Integration: Market Outlook and Key Players
Smart lighting technology aims to enable remote control of brightness levels, promoting energy efficiency through the use of automated controls and high-efficiency fixtures that can be adjusted based on factors such as occupancy and external lighting conditions.
The demand for street lighting systems is on the rise globally. Technological advancements and innovations have transformed outdoor lighting from traditional on-and-off systems to smart luminescence systems. The adoption of Internet of Things (IoT) and artificial intelligence (AI) technologies in the lighting industry has fueled the demand for smart lighting solutions for city streets. As a result, there is a growing need for automated lighting systems that enhance energy efficiency.
In today’s economy, there is a significant demand for technologies that consume less energy. Many electronic and electrical systems rely on power sources, which are becoming depleted. Consequently, the development of energy-efficient technologies has gained momentum. Smart lighting, with its significantly lower energy consumption compared to traditional lighting, presents a substantial market opportunity.
The integration of IoT and AI technologies in smart lighting is becoming increasingly prevalent. Advancements in wireless technology and the rapid expansion of IoT infrastructure are driving the global demand for smart lighting solutions. This allows for seamless connectivity among various devices in smart infrastructures, enabling operational efficiencies such as auto-dimming and intelligent illumination. Applications span diverse sectors, including vertical farming, car interiors, and smart homes.
IoT-based lighting solutions face challenges related to security and reliability. Connected lighting systems utilize wireless networks to connect various components of the lighting control system. A sophisticated arrangement of LED lighting, equipped with sensors and cameras, is connected to a wireless network, forming connected lights. Data and information are stored in the cloud and can be accessed from any location. However, the reliance on the internet for connectivity exposes smart lighting products to potential exploitation by hackers, posing serious security risks.
The availability of solutions that offer multiple compatible technologies under one roof is a significant concern in the lighting control system market. Customers seek integrated systems that can effectively incorporate diverse technologies seamlessly.
Smart lighting presents a promising market opportunity driven by the increasing demand for energy-efficient solutions and the integration of IoT and AI technologies. However, challenges such as security and compatibility need to be addressed to ensure the sustained growth of the market.
To get market data, market insights, financial statements and a comprehensive analysis of the Global Smart Lighting Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Smart Lighting Market into Offering, End-user Application, Communication Technology, And Geography.
- Smart Lighting Market, by Offering
- Hardware
- Software
- Services
- Smart Lighting Market, by End-User Application
- Indoor
- Outdoor
- Smart Lighting Market, by Communication Technology
- Wired
- Wireless
- Smart Lighting Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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Top Smart Lighting Brands sparkling houses with smart features
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Blockchain Press Releases
Institutions Have Doubled their Bitcoin Allocations this Year, New Bybit Report Shows
DUBAI, UAE, Dec. 1, 2023 /PRNewswire/ — Bybit, the world’s third-largest crypto exchange by volume, has released new research offering analysis of how traders adapt their strategies in fluctuating market conditions. “Navigating Bull and Bear Markets — A Dive Into Asset Allocation,” uses Bybit’s proprietary data and is the first initiated by a crypto exchange.
The report provides a detailed examination of asset allocation strategies employed by different cohorts — institutions, VIPs, and retail traders — especially in the volatile market environment since December 2022.
Key findings include:
- Institutional Investors: Predominantly holding 45% in stablecoins, 35% in Bitcoin, and 15% in Ether, institutions emphasize liquidity and strategic diversification. Notably, their Bitcoin holdings nearly doubled in the first three quarters of 2023.
- Ether Trends: A decline in institutional interest in Ether has been noted, although upcoming market developments, like the rumored BlackRock spot Ether ETF, could shift the trend.
- Retail Trader Behavior: Retail traders are observed to hold more stablecoins, suggesting a more cautious allocation to riskier assets compared to traditional finance norms.
- Altcoin Investments: Both retail and VIP traders show higher altcoin holdings than institutional investors, although these remain a minor part of total portfolios, indicating caution, perhaps due to a hangover from the recent bear market.
“This report is a testament to Bybit’s commitment to empowering our users with actionable insights,” said Ben Zhou, co-founder and CEO. “Understanding how different market participants navigate the complexities of bull and bear markets is crucial. We believe this research will not only enlighten our traders but also contribute to the broader crypto community’s understanding of market dynamics.”
#Bybit / #TheCryptoArk
About Bybit
Bybit is a top-three cryptocurrency exchange by volume with 20 million users established in 2018. It offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
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Blockchain Press Releases
Set Sail on a Crypto Voyage: Bybit Announces ByBUIDLERs Cruise Contest to Dubai in Partnership with Sea Summit
DUBAI, UAE, Dec. 1, 2023 /PRNewswire/ — Bybit, the world’s third-largest crypto exchange by volume, is excited to announce the ByBUIDLERs Cruise Contest, an extraordinary opportunity for crypto enthusiasts in India. This contest offers a chance to win a luxurious 10-day cruise from Mumbai to Dubai, coupled with an exciting Sea Summit experience and a visit to Bybit’s Dubai office.
Introducing ByBUIDLERs
ByBUIDLERs is Bybit’s initiative that combines grassroots enthusiasm with the thrilling world of cryptocurrency. Designed for crypto aficionados, the program invites participants to engage with the community, create compelling content, and contribute to Bybit’s growth and outreach.
Participation Steps
- Enlist as a ByBUIDLER: To join, provide your name, email, and social media profile link. Express in 100 words your excitement about becoming a ByBUIDLER via our Google form.
- Take the Bybit 5th Anniversary Personality Quiz: Complete the personality quiz and share your results on social media, highlighting how your personality influences your crypto journey.
- Participants must post their entries before December 6th, tagging @Bybit and @TheSeaSummit, using the hashtags #ByBUIDLERcruisetrip and #High5Bybit.
Rewards
The top five most creative ByBUIDLERs, judged by their engagement and creativity, will embark on the Sea Summit 10-day luxury cruise, setting sail from Mumbai to Dubai. The cruise is also a crypto summit where winners will meet leaders in crypto, participate in educational events, and attend themed party nights.
#Bybit / #TheCryptoArk
About Bybit
Bybit is a top-three cryptocurrency exchange by volume with 20 million users established in 2018. It offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For media inquiries, please contact: [email protected]
For more information please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X (Twitter) | Youtube
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Blockchain Press Releases
Bitget Wallet Integrates TON Mainnet, Prepares for TON and Telegram-Based Innovative Products
Bitget Wallet Integrates TON Mainnet, Prepares for TON and Telegram-Based Innovative Products
VICTORIA, Seychelles, Nov. 30, 2023 /PRNewswire/ — The leading Web3 trading wallet, Bitget Wallet (formerly known as BitKeep Wallet), now supports TON (The Open Network). TON, a high-performance Layer 1 blockchain, was initially designed by the Telegram team and later advanced by the community.
The TON integration allows users to add the TON network with a single click, manage assets, and perform on-chain transactions. Looking ahead, Bitget Wallet plans to further expand its services to include support for TON ecosystem DApps, token trading, and candlestick chart features. Additionally, Bitget Wallet is set to launch innovative products and services based on TON and Telegram, such as the Telegram Red Packet feature.
TON, with its Telegram-originated blockchain solution, is designed for high scalability, targeting millions of transactions per second (TPS) to serve Telegram’s extensive user base. This performance capability positions TON as a pivotal player in the evolving digital landscape. By building a Web3 ecosystem within Telegram, TON is committed to bridging Web2 and Web3, promoting the widespread adoption of cryptocurrencies and decentralized technologies.
Bitget Wallet’s support for TON reflects a recognition of its innovation and anticipation of Telegram’s user base venturing into Web3. This aligns with Bitget Wallet’s ongoing commitment to providing convenient, user-friendly product experiences and opening the doors to Web3 for its users.
To date, Bitget Wallet has served over 12 million users worldwide, becoming one of the most popular crypto hot wallets globally, with its app ranking fourth in global downloads in October. The integration with the TON mainnet is also expected to enhance the liquidity and user base of the TON network.
About Bitget Wallet (Web3 trading wallet)
Formerly known as BitKeep, Bitget Wallet stands as Asia’s largest and global frontrunner among all-in-one Web3 trading wallets. We offer a comprehensive range of on-chain products and DeFi services to our users, including wallet functionality, Swap feature, NFT trading, DApp browsing, MPC Wallet and more.
With a 5-year legacy, Bitget Wallet has garnered acclaim from over 12 million users worldwide and has secured partnerships with prominent industry leaders including Ethereum, BNB Chain, Arbitrum, Polygon, Solana, Base, and others. This success stems from our commitment to consistently delivering secure and convenient products and services.
In March 2023, Bitget, a leading crypto derivatives trading platform made a substantial $30 million investment in BitKeep, acquiring a controlling stake. Following this strategic move, BitKeep underwent a transformative and strategic brand evolution in August, officially rebranding itself as Bitget Wallet.
For more information, visit: Website | Twitter | Telegram | Discord
View original content:https://www.prnewswire.co.uk/news-releases/11-30—bitget-wallet-integrates-ton-mainnet-prepares-for-ton-and-telegram-based-innovative-products-302001956.html
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