Press release
IoT in Elevators Market to Observe Strong Development by 2030, Says TMR
IoT in Elevators Market
The global IoT in elevators market is projected to cross US$ 63.5 Bn by 2030. The IoT in elevators market is projected to expand at a CAGR of ~16% from 2020 to 2030. The global IoT in elevators market has been segmented in terms of component, application, and end user. Based on component, the IoT in elevators market has been divided into hardware, software (on-premise and cloud), and services (designing & engineering, installation, refurbishing, maintenance & repair, and managed services). In terms of application, the global IoT in elevators market has been segmented into preventive maintenance, remote monitoring, advanced reporting, connectivity management, and others (call management). Based on end user, the IoT in elevators market has been categorized into residential, commercial, and industrial. In terms of region, the global IoT in elevators market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Initially, vendors across the ecosystem of IoT in elevators were analyzed based on device and technology providers in the market.
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IoT in Elevators Market: Regional Outlook
Asia Pacific is expected to dominate the IoT in elevators market by the end of the forecast period. Asia Pacific is projected to witness increasing growth in the IoT in elevators market due to strong adoption of the cloud technology. The market in Europe, North America, and Middle East & Africa is also anticipated to expand rapidly during the forecast period.
The report provides in-depth segment analysis of the global IoT in elevators market, thereby providing valuable insights at macro as well as micro levels. The analysis of major countries, which hold growth opportunities or account for significant share, has also been included as part of geographic analysis of the IoT in elevators market.
IoT in Elevators Market: Competition Dynamics
The research study includes profiles of leading companies operating in the global IoT in elevators market. Key players profiled in the report include Bosch GmbH, DOPPLER Manufacturing, Electra Ltd., Fujitec Co., Ltd., GRUPPO MILLEPIANI, Hitachi, Ltd., Honeywell International, Inc., Huawei Technologies Ltd., Hyundai Elevator Co., Ltd., IBM Corporation, KONE Corporation, Microsoft Corporation, Mitsubishi Electric Corporation, Otis Elevator Company, Schindler Group, Schneider Electric SE, Siemens, Telefonica S.A., ThyssenKrupp AG, and Toshiba Elevators.
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Global IoT in Elevators Market: Segmentation
IoT in Elevators Market, by Component
Hardware
Software
On-premise
Cloud
Services
Designing & Engineering
Installation
Refurbishing
Maintenance & Repair
Managed Services
IoT in Elevators Market, by Application
Preventive Maintenance
Remote Monitoring
Advanced Reporting
Connectivity Management
Others (Call Management)
IoT in Elevators Market, by End User
Residential
Commercial
Industrial
IoT in Elevators Market, by Region
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Russia
Spain
Rest of Europe
Asia Pacific
China
India
Japan
ASEAN
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
Kuwait
United Arab Emirates
Qatar
South Africa
Rest of Middle East & Africa
South America
Brazil
Argentina
Rest of South America
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports thrive to provide clients to serve their overall research requirement.
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