A report by market research firm Counterpoint Research reveals that global shipments of cellular IoT modules surged by 16% year-on-year in the first quarter of 2025. China stands out with an impressive 19% annual growth rate, solidifying its leading position in the market. India and Latin America also witnessed robust demand, propelling the global market's expansion. Technologically, 5G and 4G Cat 1 bis emerged as the primary growth drivers.