The global IoT in elevators market is expected to grow at a considerable rate in the future. The factors such as increasing adoption of new IT solutions coupled with the latest consumer trends in various organizations & IT modernization are influencing the market growth. Nevertheless, the high preliminary investment is expected to impact the market. Furthermore, a rise in the number of high-rise buildings presents opportunities for market expansion over the forecasted period. IoT-supported elevators are anticipated to use AI (artificial intelligence) to facilitate vertical transportation of passengers & commodities.

DUBLIN--(BUSINESS WIRE)--The "IoT in Healthcare: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering. The report predicts the global IoT in healthcare to grow with a CAGR of 31.1% over the forecast period of 2018-2024. The introduction of artificial intelligence technology in Healthcare is the major factor driving the growth of this market. In addition, some factors such as technological advancement in the Healthcare sector, rising demand of cost effective management systems for treatment, and collaboration of IT companies with major companies catering into Healthcare are expected to fuel the market growth over the forecast period. However, the issue associated with data privacy and security are expected to hamper market growth.