MarketsandMarkets Presents

Software offering in the outdoor LED lighting market is expected to witness the fastest growth rate during the forecast period.

The software segment is likely to witness the highest growth rate between 2022 and 2027 due to the increasing deployment of connected lighting systems in various outdoor applications, such as road and street lighting and sports and large areas. The software segment includes various firmware installed per fixture or a series of fixtures and mobile applications for various applications of outdoor LED lighting. The feature of any lighting system software is its ability to control the light. The functions of smart lighting software include daylight savings, real-time monitoring and alarming of the street and other outdoor lights, dimming control, energy savings, intelligent dispatching, intuitive programming, scheduling of lighting functions, and analytics and reporting.