Frost & Sullivan forecasts IoT technologies

https://www.compoundsemiconductor.net/article/101366-leds-98-percent-of-lighting-market-by-2025.html

According to the latest report 'Global LED Lighting Market (2017 Update)', from Frost & Sullivan’s Homes & Building team, the LED lighting market accounted for almost 60 percent of global lighting in 2016 and was worth $47,303 million, growing 18.1 percent from the previous year.

LED lighting is likely to account for 80 percent of the total lighting market by 2020, creating an $80 billion market. By 2025, LED will account for 98 percent of the global lighting market. India, Asia-Pacific, Latin America, and Africa are set to record the highest growth rates.

The LED market evolution is continuing with a steep decline in cost per unit, high energy-efficiency ratings, and favourable government initiatives driving adoption. But the says that the Internet of Things (IoT) will shift focus from energy efficiency, product reliability, and O&M costs to include controllability, connectivity, and technology integration in smart buildings and smart cities.

“New technologies driven by IoT, such as light-as-a-service (Laas), will usher in connected lighting and living, enabling better energy management and new services and business models like financing and leasing,” said Energy & Environment Research Analyst Sabnam Gafoor.
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Now I don't want to toot my own horn here, but Vivid Industrial won the Frost & Sullivan Australia 2016 Growth Excellence in Smart Lighting Solutions Award.

The award also acknowledges Vivid Industrial’s disruptive “Save & Share” deployment model. This world-first model allows Vivid Industrials large and growing commercial and industrial client base to achieve substantial long term energy savings by installing its lighting systems as a service with no upfront cost, maintenance free, and sharing in a proportion of energy savings.

The award also recognised the global reach of the product, highlighting the expanding global footprint Vivid Industrial is now looking to grow in Asia Pacific and Latin America.