This report provides Transforma Insights’ view on the IoT market for Trigger Devices. This segment comprises buttons used to signal for room service, table service, replenishment of communal supplies, mail deliveries, collection boxes and customer voting buttons.
LPWA is a market enabler, and the low battery consumption and long range of these technologies are crucial for the deployment of such devices. Even the in-building devices segment will benefit as LPWA has an excellent range within buildings in comparison to other networks.
The report provides a detailed definition of the sector, analysis of market development and profiles of the key vendors in the space. It also provides a summary of the current status of adoption and Transforma Insights’ ten-year forecasts for the market. The forecasts include analysis of the number of IoT connections by geography, the technologies used (including splits by 2G, 3G, 4G, 5G, LPWA, short range, satellite and others), as well as the revenue split between module, value-added connectivity and services.
A full set of forecast data, including country-level forecasts, sector break-downs and public/private network splits, is available through the IoT Forecast tool.
The report examines key factors that are influencing the development of the market, including:
This section of the report begins with a description of how hospitality locations can use tabletop call buttons, their features (such as generation and sending of instant alerts to staffs’ connected smartphones), and their benefits, like the elimination of the requirement for the continuous presence of staff members near customers and creating opportunities for additional revenue).
This section of the report explains how trigger devices send alerts to building supervisors when supplies run low and the benefits of doing so. For instance, this helps businesses improve their supply and communal replenishment management, which saves cost and time and results in more efficient utilisation of resources.
Following that, it elaborates on the utilisation of trigger devices within postal services (like using button devices to place mail delivery orders), detailing the connectivity technology employed by these devices in the postal sector (including Sigfox and LoRaWAN – to send alerts), and mentioning their benefits as well (such as helping people request postal services without using a smartphone).
This section of the report expounds upon the kind of trigger devices that are used to gather customers’ satisfaction levels. It also mentions where they are used and their benefits (like enabling businesses to gain customer insights to improve their services and increase their revenues).
It then discusses the communication technology used by these devices and the reasons behind choosing a particular technology. For instance, in remote areas, LPWA technology offers superior coverage, compared to cellular networks.
This section explains how retaining and filling staff positions (exacerbated by Covid-19) is a challenge across many countries (especially developed coutries), which will add impetus to the adoption of trigger devices. It also charts what their adoption will be like in developing countries and the factors involved.
It also lists some examples of relevant IoT deployments in this application, like Johnstone Supply collaborating with HappyOrNot terminal devices to collect customer satisfaction data.
The key vendors section lists some of the main providers of products and services related to the market such as Haltian, HappyOrNot, Mutelcor, My-Gest, Re-Bells, and Skiply. The report provides profiles of the various vendors including aspects most relevant to this Application Group, such as product offerings, pricing, financial results, and technology.
In the market forecasts section, we provide a summary of the forecasts from the Transforma Insights IoT Forecast Database:
The report charts the growth in the number of devices which will grow from 1.4 million in 2023 to 65.7 million in 2033.
Transforma Insights forecasts are compiled on a country-by-country basis. This report includes a regional summary, showing splits between Australasia, Greater China, North America, Europe, Japan, Latin America, MENA, Russia & Central Asia, South East Asia, South Korea, India & South Asia, and Sub-Saharan Africa.
Transforma Insights’ IoT forecasts include splits between the various connectivity technologies as follows: 2G, 3G, 4G, 5G mMTC, 5G non-mMTC, LPWA (non-mMTC), Satellite, Short Range, and Other.
This section discusses which technologies will be used in the trigger devices application group.
This part of the report discusses the market growth in terms of revenue (module revenue, service wrap revenue, and VAC revenue). Transforma Insights estimates that the revenue in the Trigger Devices Application Group will grow at a CAGR of 51%.
