Lighting as a Service Market to Register Unwavering Growth During 2025

The rise of circular economy is driving business model innovation across all industries, with a key spin-off being the emergence of ‘something-as-a-service’ business model. The lighting-as-a-service (LaaS) is fast emerging as an innovative service delivery model in the lighting industry. LaaS has a multitude of benefits including:  

• Increased cost savings 

• Enhanced energy efficiency 
• Better control of resources 
• harness the capabilities of a wide array of digital analytics 

For a better understanding of Lighting-as-a-Service, we suggest reading our ongoing blog series on LaaS. You can find our current article offerings here.  
Click here to read the full article and learn more, published on November 16th, 2020 on ICO Today Magazine.