New Delhi, Jan 7 : Global cellular IoT module shipments saw a 2 per cent decline (year-on-year) in Q3 2023, a new report has said.

For the first time, the 5G market’s share in the global cellular IoT module market crossed 5 per cent, indicating traction for 5G adoption.

“However, 5G applications are currently limited due to the lack of killer use cases and higher prices. We are only witnessing early adoption in the router/CPE, PC and automotive markets,” according to the report by Counterpoint Research.