The IoT in Elevators Market Is Rising

Smart elevators can monitor performance, make decisions on maintenance in real-time, and avoid costly downtimes. The global IoT elevators market, which includes vertical passenger transport as well as AI-supported commodity transportation, is expected to accrue a revenue worth of $56 billion by 2026, with a CAGR of approximately 15% for the period 2020–2026.

Image courtesy of Kazuo ota.

How IoT Elevators Work

Key Players

The Future of the IoT Elevators Market

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