At 264%, India logs fastest growth in global IoT module market

New Delhi: India was the fastest growing Internet of Things (IoT) module market with more than 264 per cent growth in the second quarter this year, a report showed.

Although growing on a lower base, the growth in IoT modules in India was driven by smart meters, telematics, point of sale (POS) and automotive applications, according to Counterpoint Research.

Global cellular IoT module shipments grew 20 per cent (year-over-year) in Q2 2022.