IoT elevator Market Showing Footprints for Strong Annual Sales of USD 26.7 Bn by 2032; Owing To The Implementation of AI By Top Players Electra Ltd., Fujitec Co. Ltd, Hitachi Ltd: Report Fact.MR

The global IoT elevator market is set to reach USD 93.9 Billion by the end of 2022-2032 with a CAGR of 13.4%, according to Fact.MR. By 2022, the market is expected to be worth USD 26.7 Billion, representing a dollar opportunity worth USD 67.2 Billion in 2016-2021. IoT Elevators are proving to be more efficient than traditional elevators in comparison with next-generation elevators.

With a growth rate valued at USD 18.4 Billion, in 2022 the hardware demand has boomed significantly in the past …

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