TELIT
Global cellular IoT module shipments rebound on China, India demand in 2024
Global cellular IoT module shipments grew 10% year-on-year in 2024. Growth was driven by strong demand from China and India. China saw a 21% increase due to POS and automotive applications. India grew 31%, led by smart metering and tracking deployments. Chinese vendors like Quectel led the market among competitors such as Qualcomm and MediaTek.
Chinese Internet of Things (IoT) modules on govt's radar now
India is tightening security on Chinese imports, targeting IoT modules dominating the market. Concerns over data vulnerability and potential foreign access are prompting government action, mirroring previous restrictions on apps and telecom equipment. This move impacts smart meters, POS systems and telematics -- key areas of IoT module application.
Telecom companies invest Rs 2,419 cr under PLI scheme till date: Ashwini Vaishnaw
The government shortlisted 42 companies in October 2022 that committed a total investment of Rs 4,115 crore and are likely to generate additional sales of Rs 2.45 lakh crore and employ over 44,000 people during the six-year scheme period ending 2025-26.
Internet of Things? Stock you've never heard of just rose 500%
Telit Communications Plc, which sells hardware that lets vending machines to rental cars transmit data wirelessly, has surged almost sixfold.
Telit Wireless Solutions aims to ship four lakh machine-to-machine modules in 2015
Telit is also working with Indian govt agencies in the areas of telematics (the integration of computers and wireless telecommunication technology) and energy.
M2M challenge for game changing apps
Innovators the world over are turning to M2M-based solutions in unprecedented numbers in an effort to globalize footprint.
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As revenues dry up, telcom companies target machine-to-machine apps
Bharti is aiming to convert its 2,000 customers who take enterprise services (such as broadband Internet) to M2M subscribers.
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