Smart Street Light Market by Component, by Connectivity, by Application, by Region, Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027 - PowerPoint PPT Presentation

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Smart Street Light Market by Component, by Connectivity, by Application, by Region, Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

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The global smart street light market size is expected to grow at a significant CAGR of over 19.2% during the forecast period 2020 to 2027. The growing awareness for energy conservation and efficient lighting technique are some major factors to drive the market. Furthermore, the rising demand for energy-efficient lights, the emergence of IoT, and continuous innovation in mobile networks are some other factors to propel the market over the forecast period. In addition, the rising trend of smart cities in developing economies is projected to boost the market. However, privacy and security issues in smart street lighting systems are projected to hinder the market growth in upcoming years. – PowerPoint PPT presentation

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