AI SummaryPredictive elevator maintenance SaaS represents a ₹1,200–1,500 crore market opportunity in India by 2030, driven by rapid urbanization (50% of 1.4 billion people projected in cities by 2050) and aging building stock. With 500,000 elevators in operation and 60% in buildings over 10 years old, facility managers and building owners urgently need data-driven solutions to prevent costly downtime and ensure safety compliance. The timing is optimal in 2026 as smart building adoption accelerates and IoT infrastructure costs decline. MBA graduates with proptech/IoT experience, facility management entrepreneurs, and climate-tech investors should explore this opportunity.
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