Sightseeing lifts

Market Value and ForecastThe global smart elevator automation system market is anticipated to expand at a double-digit CAGR during the forecast period. Growth of the global smart elevator automation system market is mainly driven by increasing demand for energy efficient and high speed elevators, rising investment on infrastructure development projects, growing population and increasing urbanization in big cities of the world.Future Market Insights (FMI) is a leading market intelligence and consulting firm. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.futuremarketinsights.616 Corporate Way, Suite 2-9018,Valley Cottage, NY 10989, United States T: +1-347-918-3531 F: +1-845-579-5705Email: sales@futuremarketinsights. Additionally, smart elevator automation system providers are focused on carrying out various R&D activities to add innovative features in their elevators, in order to attain a sustainable advantage over competitors and enhance their customer base.. Smart elevator system is termed as ‘smart’ because, apart from ordinary use of vertical transportation, this system is also used as a security system with the latest digital security controls, such as biometrics and access control systems, destination dispatching and touch screen.