IoT-enabled elevators utilize artificial intelligence for enabling transportation of passengers and commodities vertically.
The major growth driver of the global IoT in elevators market in the future is the growing demand for safe and power-efficient technology options by the construction sector.

In 2021, the global IoT in Elevators market size will be US$ 16850 million and it is expected to reach US$ 28890 million by the end of 2027, with a CAGR of 9.4% during 2021-2027.
This report focuses on the global IoT in Elevators status, future forecast, growth opportunity, key market, and key players. The study objectives are to present the IoT in Elevators development in North America, Europe, Japan, China, Southeast Asia, India, etc.

Global IoT in Elevators Scope and Market Size
IoT in Elevators market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global IoT in Elevators market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Hardware
Software
Services

Segment by Application
Residential
Commercial
Industrial

By Region
North America
Europe
Japan
China
Southeast Asia
India

By Company
ThyssenKrupp AG
KONE Corporation
Otis Elevator Company
Schindler Group
Mitsubishi Electric Corporation
Toshiba Elevator