Market Research Reports has issued a study, “IoT (Internet of Things) in Elevators Market — Predicted to Expand at a CAGR (compound annual growth rate) of 16.1% During Forecast Period.” The for-sale report looks at trends, drivers, challenges and opportunities in market segments including hardware, software and services in North America, Latin America, Europe and the Middle East and Africa. Over the forecast period, 2017-2026, the IoT elevators market is expected to grow at a CAGR from US$13.9 billion to US$16.1 billion. The report ranks major players such as thyssenkrupp, KONE, Otis, Schindler and Mitsubishi Electric in terms of recent developments, business strategy and investment in IoT elevator products and services.
Lift Installations O.E.