The Internet of Things (IoT) refers to a scenarios where physical objects are internetworked through the use of electronic devices, network connectivity, software, sensors, and actuators, allowing these objects to generate, exchange, and consume data with minimal human intervention. IoT is having technical, social, and economic significance. It interconnects embedded systems with evolving technologies such as wireless connectivity and smart sensors. It has gained popularity and is considered as the third wave of technology. However, it is still maturing due to some of the most pressing challenges such as security, privacy, interoperability & standards, and emerging economies & development. The global internet of things market is expected to grow at a CAGR of 32.7% from 2017 to 2025.