Connected Street Lights Market - Forecast 2021 - 2026
Connected Streetlights Market Overview Connected streetlights Market size was valued at $1.3 billion in 2020 and it is estimated to grow at a CAGR of 14.82% during 2021-2026. The growth is mainly attributed to the high penetration of internet of things (IoT) , constant innovation in mobile networks along with wireless technology, increasing demand for efficient advanced lighting solutions across industries and awareness regarding energy conservation. Furthermore, exponentially growing investments in smart city projects and government initiatives for greener strategies to support sustainable development across the world are the major driving factors of connected streetlights market. Additionally, this technology also helps in environmental monitoring, video surveillance and traffic monitoring, which enhances the public safety level and creates massive growth opportunities for IoT-enabled connected streetlights. Hence, owing to the above mentioned factors the connected streetlights indu...