Category Archives: Technology

Smart Lighting Market in India (2018-2023)

The internet of things bleeds over various industries and lighting is no exception for it, making it a smart lighting market.  The application of smart lighting products has increased in commercial spaces, factories, streets, and homes. The automation to the product helps the user to adjust lighting remotely. Its demand and production have recently increased in India, making it a growing market in the Indian lighting industries.

Indian smart lighting market to reach a value of INR 373.7 Bn by 2023.

The smart lighting market is projected to reach a value of INR 373.7 Bn by 2023 in India. The CAGR for the same is estimated to be around 38.44% during 2018-2023.

AS the government has begun encouraging programs such as digital India and smart city mission. This has led to increased adoption of smart homes in the country. As a result, the encouraged projects have boosted growth in the India smart lighting market.

The application type of smart lighting market, its communication technology, lighting source, and offers make it to the segmented base market, them having various sub-segments. The latest Smart Lighting Market Report analyzes the various segments and present crucial insights to the reader.

The LED bulbs have the largest share ~68% due to their salient features such as energy saving, cost-effectiveness, etc. The Indian government is also pushing the street light program which will likely be another success in the smart lighting market growth.

Which industry leverages smart lighting the most:

The application of smart lighting is seen more indoors in India summing up to ~55% across the economy. It is observed in both, commercial and residential zones with a steady adoption system.

Indians today have become more aware of modern technology as digital platforms are trending in the country. This has led to Indian consumer adopting advanced technologies and a better lifestyle, thereby causing a push to the demand for smart lighting products.

The research report provides you with information on how the high cost of IoT-enabled systems is hindering the growth of the smart lighting market in India.

Category:  Technology Market Research 

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India Smart Lighting Market Research Report (2018-2023)

Smart Lighting

Aarkstore Market Research Enterprise entitles the new approach into a Market Research Report “Smart Lighting Market In India (2018-2023)

Market insights:

Smart lights are weather-adaptive and includes the use of Internet of Things (IoT) for lighting homes, streets, factories and commercial spaces intelligently. Lighting automation technology enables consumers to adjust lighting remotely. The Indian smart lighting market is expected to reach a value of INR 373.7 Bn by 2023, expanding at a compound annual growth rate (CAGR) of ~38.44% during the 2018-2023 period. Growth of the smart lighting market is owed to the government’s push in terms of the ‘Smart City Mission’, and ‘Digital India’ programs, as well as rising adoption of smart homes across the country.

The smart lighting market is segmented based on offering, lighting source, communication technology, and application type. Based on offerings, the smart lighting market is categorized into hardware, software, and services. Based on the lighting source, the market is classified into LED bulbs, downlights, batten lights, and others. Based on communication technology, the smart lighting market is categorized into wired technology and wireless technology. Based on the application type, the smart lighting market is classified into indoor use and outdoor use.

Lighting source-wise segment insights:

Among the different smart light sources used in India, the Light Emitting Diode (LED) bulbs segment holds the largest share (~68%), owing to its cost-effectiveness and energy saving features. Attractive discounts and rebates are also driving the market for LED bulbs, which are used for smart lighting across the country. The Street Light National Program of the Indian government is expected to further push the market for smart LED lights.

Communication technology-wise segment insights:
In the Indian market, wired technology dominates the communication technology segment of the smart lighting market with a share of ~62%. This is because wired communication technology is considered to be more reliable, due to the presence of various company-specific proprietary protocols.

Application-wise segment insights:
In India, ~55% of smart lighting is used indoors, while the remaining is used for outdoor applications. Steady adoption of connected lighting systems in residential and commercial zones contributes to the greater share of indoor applications in the Indian smart lighting market.

Key growth drivers of the market:
o The per capita income in India stood at INR 1,12,835 in March 2018, up from INR 1,03,870 in March 2017. Such an increase in the per capita income of Indians, along with rising awareness about contemporary technological advancements, has influenced the mindset of Indians towards using smart technologies. As a result, demand for smart lighting system has increased.
o Motion-detecting lighting systems are replacing the conventional lighting methods in the smart cities and business hubs in India. Therefore, the market players have sufficient opportunities to come up with new smart lighting technologies which are capable of developing energy-saving systems in India.

Key deterrents to the growth of the market:
o The high cost of IoT-enabled systems is hindering the growth of the smart lighting market in India. Owing to its high installation costs, Indian customers are developing antagonistic attitude towards the smart-lighting system, which in turn is negatively affecting the demand of the smart lights market across the country.
o The smart lighting systems installed in India has affected the health of the users in an adverse manner. Questions have arisen concerning the potential health implications of blue-rich and solid-state of the LED lights. It is predicted that prolonged exposure of human beings to short-wavelength high intensity visible lights is phototoxic to the retina. Consumers’ awareness about such adverse health impacts is hindering the growth of the smart lighting business in India.

Companies covered:
o Ajanta India Ltd.
o Bajaj Electricals Ltd.
o Havells India Ltd
o Osram India Pvt Ltd.
o Philips India Ltd.
o Samsung India Electronics Pvt. Ltd.
o Schneider Electric India Pvt. Ltd.
o Syska LED Lights Pvt Ltd.
o Wipro Ltd.

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India Cleantech Market (2018 – 2023)

Cleantech Market

Aarkstore Market Research culminates the newest Market Research Report “Cleantech Market In India (2018-2023)

Clean technology or cleantech is an industry that improves operational performance, efficiency and productivity of the environment by reducing costs, inputs, energy consumption and waste. It is also one kind of investment philosophy used by various investors who wish to make profits from environment-friendly companies. India represents a key market for clean technology industries as it is investing billions in this sector, along with receiving foreign direct investments (FDI).

Cleantech is generally used to describe the companies who deal with energy and water resources, and manufacturing and agriculture. It is also called green technology or green tech, focusing more on sustainability rather than profitability. Clean technologies include a broad range of technologies, mostly related to recycling, renewable energy such as wind power, solar power, biomass, hydropower, and biofuels. Various initiatives have been taken by the government of India to support the clean energy sector, such as the National Solar Mission, wind bidding schemes, green energy corridor, skill development, as well as employment opportunities.

Market segmentation

The Indian cleantech market is segmented based on the type of industry into solar energy, wind energy, hydropower, and biogas energy. India is a very critical market for clean technology, playing an important role in slowing down the impact of climate change. It includes solar energy, green building, water and clean forms of transportation.

Key growth factors

Indias growing economy and surging demand for clean power to strengthen energy security, reduce pollution, and ongoing sector reforms are the reasons making India one of the most attractive destinations for environment-friendly investors.

Technology plays an important role in the development of the cleantech market. With the help of advanced technology, various cleantech companies operate, install, develop and manufacture their machines.

Threats and key players

The handling of renewable energy relies on investors, and their willingness to invest effort. The real challenge for renewables is their nature, which is their infirmness and lack of reliability.
Azure Power Global Ltd., Gram Power India Pvt. Ltd., Husk Power System Pvt. Ltd., Indowind Energy Ltd., and NEPC India Ltd. are some of the major players operating in the Indian cleantech market.

What’s covered in the report?

Overview of the Indian cleantech market
Historical, current and forecasted market size data for the Indian cleantech market (2016 to 2023)
Qualitative analysis of the Indian cleantech market and its segments (based on type of industry

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Global 5G Market – Forecasted (2020 – 2025) market size and overview

5G market

Aarkstore Market Research culminates the newest Market Research Report “Global 5G Market (2020 – 2025)

5G is a crucial component of the global digitally connected ecosystem, currently. It is estimated that between 2019 and 2025, the number of 5G users will increase by roughly 1.2 Bn, globally. The United States (U.S.), China, Japan, and the majority of European Union (EU) countries will account for 70% of the 5G users by 2025. Once it is launched commercially in 2020, the 5G market will expand at a compound annual growth rate (CAGR) of 97.1% till 2025.

Segment insights:

The ever-increasing demand for enhanced mobile broadband experience, and rise in smartphone adoption are driving revenue from SIM cellular connections. 5G SIM cellular connections are expected to increase at a staggering 129% compound annual growth rate (CAGR), from 2020 to 2025. Not only that, both data consumption and speed will also increase at a considerable rate. Increase in user engagement through smartphone is the major cause of growth in data consumption, while improvement of network infrastructure is expected to lead to greater connection speeds. Smartphone users, on an average, spend time accessing over 30 apps on a monthly basis, according to recent survey reports.
SIM M2M connections will also witness rapid growth during the forecast period. Connected home applications, such as home security and video surveillance, home automation, connected white goods, and tracking applications will represent nearly half of the total M2M connections by 2021. M2M devices’ penetration for industrial use will also increase, and it is estimated that there will be less than half a billion M2M connections in sectors like retail, manufacturing, and energy. This will mainly be driven by automation and artificial intelligence (AI).

Regional insights:

North America is expected to witness a rapid change in consumer engagement with mobile devices. Majority of the traffic generated will come from the use of video files. Companies will develop strategies and business models in order to generate revenue from this major trend. 99% of the mobile connections will be smart connections by 2021, up from 81% in 2016. More than 50% of the revenue from SIM cellular connections, and 60% from SIM M2M cellular connections are expected to come from this region. A combination of improved coverage, proliferation of connected devices, and demand for high-speed networks in Europe continues to drive the adoption of 4G, and make way for future 5G services as well. Asia-Pacific will account for majority of the global cellular subscribers by 2020. Although revenue growth in recent times have slowed, nonetheless, the region shows a lot of promise in terms of the rapid adoption of Internet of Things (IoT) in the near future. The Middle East and Africa, and Latin American regions will be very slow in picking up pace.

Companies covered:

1. China Mobile
2. Verizon Communications
3. AT&T
4. Vodafone
5. Nippon Telegraph and Telephone
6. Sprint Corporation
7. Deutsche Telekomu
8. Telefónica
9. América Móvil
10. China Telecommunications Corp

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Alibaba Group Holding Ltd- an infrastructure analysis.


Alibaba Group Holding Ltd (Alibaba) is an e-commerce company, which provides fundamental technology infrastructure that helps merchants, businesses, and brands to transform the way they market, sell, and operate using the Internet.



The report provides information and insights into Alibaba Group Holding Limited, including –

  • Insights of its digital transformation strategies
  • Details of various partnerships, ventures, in-house launches, and other industry engagement programs
  • Detailed overview of Alibaba Group Holding Limited’s Venture Arm Investments and financial highlights.

Reasons to buy

  • Gain insights into Alibaba technology innovations.
  • Gain insights into its Digital Transformation Strategy
  • Gain insights into various product launches, venture, partnership strategies of Alibaba.
  • Gain insights into various disruptive technologies and tech initiatives of the Company.

Category:  Technology Market Research Reports

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Telecom Convergence – Thematic Research

Thematic Research

Aarkstore Market Research culminates the newest Market Research Report “Telecom Convergence – Thematic Research


In an age of increasingly connected living, working and playing, telecom operators are re-positioning themselves from commoditized conduits of connectivity to all-round, end-to-end and value-added digital service providers. Telecom convergence is the combination of a variety of different carrier-provisioned services within integrated solutions and portfolios, facilitated by a variety of interconnected underlying access methods. These integrated telco propositions, both established and emerging, span the six categories represented in the telecom convergence services stack: fixed-mobile bundles; TV and content; smart home; smart mobility; health and wellness; and digital commerce. Embracing, or at the very least bracing for, convergence is absolutely critical to carrier business survival in the longer term, and the operators that are choosing to act decisively now will be the ones shaping the market, and the ones most likely to thrive.

The carriers best placed to take advantage of the telecom convergence opportunity are those that own and operate their own assets supporting both fixed and mobile connectivity and associated services. More importantly, those that are already delving into multiple segments of the services stack, and combining divergent products and services into integrated portfolio propositions, are those that are poised to leverage their telecom convergence capabilities and gain traction earlier than their peers.


– This report focuses on the carriers best placed to take advantage of the telecom convergence theme.
– It highlights some of the main trends within the theme over the next 12 to 24 months.
– It discusses the telecom convergence value chain, with a particular focus on the services stack. This stack comprises six categories: fixed-mobile bundles, TV and content, smart home, smart mobility, health and wellness, and digital commerce.

Reasons to buy

– Convergence is a major theme for telecom operators, and also has implications for non-telco, vertical industry specialists in each of the service stack segments (such as auto manufaturers in the smart mobility space, and financial incumbents in digital commerce).
– This report provides an overview of the key aspects of teleom convergence, as well as identifying the leaders and laggards from around the world.
– It provides detailed data on penetration of fixed-mobile bundles in selected regional markets.
– The report also includes detailed analysis of the major technology, macroeconomic, and regulatory trends impacting the telecom convergence theme.

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Regulators back Anti-Money Laundering developments


Global anti-money laundering software market was valued at $ 898 million in 2018 and is forecast to grow at a CAGR of around 14% to reach $ 1.9 billion by 2024 on account of surging demand for monitoring the suspicious transaction and analyzing the customer data. With the increasing cases of money laundering, companies operating under the financial sector have started using anti-money laundering software in order to enhance security. Use of visualization tools can help companies to reduce the time required to analyze the data and hypothesize monitoring strategies. Moreover, governments of several countries have started forming regulations to address the issue of money laundering, thereby further fueling growth in the market.


Anti-Money Laundering Software Market Segments

Anti-money laundering software market serves various end-users such as banking, asset management, insurance, legal service providers and others. Banking acquired the majority share in 2018. Managing risk is the top-notch priority of the banking sector, which is fueling the demand for anti-money laundering software market in this segment. Among components, software segment is the leading segment as it offers a high level of security and technical features to the customers. The software segment is further segmented into Transaction Monitoring, Currency Transaction Reporting, Customer Identity Management, and Compliance Management Software. Of all, customer identity management software is expected to witness the fastest growth during the forecast period as most of the organizations are now deploying customer identity management in order to properly manage the identity of their customers.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024


Fiserv, Inc.

NICE Actimize

ACI Worldwide

FICO Tonbeller

Oracle Corporation

SAS Institute

Wolters Kluwer N.V.

Truth Technologies, Inc.

Verafin, Inc.

BAE Systems, etc.

Market, By Region:

North America
The Middle East and Africa
South America

Category: Technology Market Research Reports

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