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DISCLAIMER
Not SEBI registered adviser All post related to Education purposes Only, We aren't Responsible for any loss
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New Delhi, Sep 24 (IANS) 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.
"The IoT module market is going through a critical phase where the Chinese brands have become bigger, making it very difficult for international brands to grow in silos," said senior research analyst Soumen Mandal.
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.
"The IoT module market is going through a critical phase where the Chinese brands have become bigger, making it very difficult for international brands to grow in silos," said senior research analyst Soumen Mandal.