From being a buzzword to changing the way we live, Internet of Things has completely transformed today’s world. From changing the way businesses function to altering our personal lives, IoT is one technology that has made its mark everywhere. In fact, according to Gartner there will be 50 billion IoT devices by 2025. Moreover, as per a report by Fortune Business Insights the global market for IoT, which was valued at $190 billion in 2018, is forecasted to reach $1.11 trillion ($1111.3 billion) by 2026 at a 24.7% compound annual growth rate (CAGR). With the technology growing at an extraordinary pace, companies are also investing heavily in the same, and it is changing the way industries function.