Press Release

IoT in Elevator Market Impressive Growth and Top Leader Status Forecast 2025 | Fortune Business Insights

Increasing shift towards an online platform to fuel demand in the global IoT in Elevator market. The market has been witnessing the development of new technology. Fortune Business Insights has announced publishing of a report, titled “IoT in Elevator Market Size, Share and Global Trend By Components (Hardware, Software, Services), By Application (Predictive Maintenance & Remote Monitoring), By End User (Residential, Commercial, Industrial ) and Geography Forecast till 2025”.

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Key players are expected to emphasize integrating Artificial Intelligence in the system. This is anticipated to propel the growth in the global IoT in Elevator market, said a lead analyst at Fortune Business Insights

Top Players List:

  • ThyssenKrupp AG
  • KONE Corporation
  • Fujitec Co.
  • Hitachi Ltd.
  • Hyundai Elevator Co.
  • Otis Elevator Company
  • Schindler Group
  • Mitsubishi Electric Corporation
  • Toshiba Elevators
  • and others.

Integration of internet of things with the system is a major factor anticipated to fuel the demand in the market during the forecast period 2018-2025. Additionally, the rising adoption of e-financial services is expected to boost the global market.

Major Segments Mentioned:

  • By Component
  • By Application
  • By End User
  • By Geography

On the contrary, the high cost associated with upgraded technology is a factor that may restrain the global IoT in Elevator market.

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Regional Analysis:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

As stated in the report, North America held a significant share in the market in 2017. The region is expected to witness impressive growth during the forecast period. Owing to intense research and development taking place in the region for IoT integration in the system is likely to enable the growth in the region. Besides this, Asia Pacific is expected to witness promising growth owing to the rising adoption of a sedentary lifestyle in nations such as India and China.

The report also offers insights on the key players operating in the global IoT in Elevator market.

Major Table of Content for IoT in Elevator Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global IoT in Elevator Market Analysis, Insights and Forecast, 2014-2025
  6. North America IoT in Elevator Market Analysis, Insights and Forecast, 2014-2025
  7. Europe IoT in Elevator Market Analysis, Insights and Forecast, 2014-2025
  8. Asia Pacific IoT in Elevator Market Analysis, Insights and Forecast, 2014-2025
  9. The Middle East and Africa IoT in Elevator Market Analysis, Insights and Forecast, 2014-2025
  10. Latin America IoT in Elevator Market Analysis, Insights and Forecast, 2014-2025
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

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