The Internet of things (IoT) is referred to as the system of home appliances, vehicles, physical devices, and different things installed with software, electronics, sensors, connectivity, and actuators that empowers these things to interface, gather and trade information. The IoT includes broadening the internet connectivity past the standard gadgets, for example, tablets, desktops, smartphones and laptops, to any scope of the customarily stupid or the non-web empowered physical gadgets and ordinary items. Embedded with innovation, these gadgets may interact and communicate on the Internet, and they may be remotely observed and controlled. With the entry of the driverless vehicles, a part of the IoT, i.e. the Internet of Vehicles begins to acquire consideration. Therefore, the Internet of Things (IoT) Market is anticipated to expand and has tremendous scope during the forecast period. The global Internet of Things (IoT) Market anticipated to flourish in the future by growing at a significantly higher CAGR.