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. The transition to LaaS is mainly motivated by numerous short- and long-term gains, increased cost savings, enhanced energy efficiency, ... Read more
LaaS is expected to register 52% growth till 2025, with a total of USD 1.6 billion in terms of value in the same year
The provision of light as a service, charged on a subscription basis rather than a one-time payment is referred to as ‘Lighting as a Service (LaaS)’. The availability of LaaS has made LED lighting a ... Read more
