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The Market for Visible Light Communications is Growing as a Result of Technology Advances and Competition, According to Navigant ResearchA new report from Navigant Research examines visible light communications (VLC) technologies, providing an analysis of market drivers and barriers, with insight on various applications for VLC technologies and key market players. As the number of residential connected devices continues to climb, the bandwidth limits of Wi-Fi are becoming more apparent. When maximum data capacity to support these devices is reached, the VLC market is expected to grow substantially. Click to tweet: According to a new report from @NavigantRSRCH, while VLC technology is only five years old, significant advancements have been made, and a number of companies have seized the opportunity to stake a place in this emerging market. "VLC technology is in early stages of development and is hindered by the uncertainty surrounding standardization, lack of consumer awareness, and privacy concerns," says Krystal Maxwell, research analyst with Navigant Research. "However, the VLC market, which is technology driven, provides safer and quicker transmittal of data, and can be an additional source of communication as data traffic increases due to an increasing amount of connected devices." Light-emitting diodes (LEDs), which are growing in popularity, are also growing in potential as a source of data transference, according to the report. LEDs have the ability to create a data source because of their ability to modulate, a process that is invisible to he human eye. The report, Visible Light Communications, analyzes VLC technologies, focusing on the current and projected state of the global market. The study provides an analysis of market drivers, such as the development of technology, an increase in connected devices, and a safer transmitting option, as well as barriers, most notably the lack of consumer awareness, privacy concerns, and lack of standardization. It also examines the various applications for VLC technologies and provides insight into key market players. An Executive Summary of the report is available for free download on the Navigant Research website. About Navigant Research Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com. About Navigant Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant's professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant's practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com. * The information contained in this press release concerning the report, Visible Light Communications, is a summary and reflects Navigant Research's current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.
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