and metro expansion across various |
“ Residential sector is the clear leader in |
cities in the country, are also propelling |
India elevators market, accounting for |
the demand for new installations across |
more than 60 % volume share in the |
the country. |
market in 2014. Rapid urbanization, |
Along with new installations, India is an |
increasing population density and |
equally lucrative market for |
growing need for accommodation, are |
maintenance and modernization of |
driving the demand for high rise |
existing elevators. Smart elevators, |
buildings in India. Constant increase in |
which are equipped with advanced |
the number of high rise buildings is |
security solutions such as biometrics |
anticipated to be the key factor fueling |
and access control, are becoming |
growth of residential elevators in the |
increasingly popular in the industrial |
country.” said Mr. Karan Chechi, |
sector, thereby creating opportunities |
Research Director with TechSci |
for system upgradations in this sector. |
Research, a global management |
Elevators market in India is highly |
consulting firm. |
consolidated, with major players like | |
KONE, Otis, Schindler, Johnson, and | |
ThyssenKrupp, holding more than 80 % | |
share in the market. |
As per the research firm Markets and |
video streaming solutions such as pay |
Markets, the global video streaming |
TV, Internet Protocol Television, and |
market will touch $ 30.29 billion in the |
OTT among marketing companies. |
year 2016 and is poised to touch $ 70.05 |
Video streaming solutions facilitate |
billion by the year 2021, growing at a |
instant access to information to |
CAGR rate of 18.3 percent. |
customers through videos, |
Video streaming is growing |
advertisements, and other video clips |
progressively and is being driven by onproductivity |
thereby increasing the organizational |
demand videos, advertisements, |
. While the video streaming |
streaming of live events etc. A rise in |
market is dominated by players like |
the penetration of smart phones and |
Netflix, Adobe Systems, Akamai, |
high speed mobile networks has also |
Ustream etc., the segment is also |
catalyzed the growth of the video |
witnessing the growing presence of |
streaming segment. |
technology giants including Apple, |
There has been a rise in the adoption of |
Microsoft, Google and Cisco systems. |