India fastest growing global IoT module market in 2nd quarter: Report

According to Counterpoint Research, India was the fastest growing Internet of Things (IoT) module market, showing a growth of over 264% in the second quarter of this year. The sharp growth was attributed to smart meters, telematics, point of sale (POS) and automotive applications. Global cellular IoT module shipments grew by 20% in Q2 2022 (year-over-year).