## 1 Introduction  
The Internet of Things designates how devices that are interconnected to each other and to the Internet can all be integrated at all times [1]. In other words, the Internet of Things (IoT) allows all devices to be connected \"anytime, anyplace, with anything and anyone\" [1] (p. 8). As such, the Internet of Things creates and enables enormous opportunities and threats. On the one hand, billions of devices allow for unprecedented applications to be utilized. In contrast, such a massive execution holds many potential dangers such as breaches of security and privacy, and other issues.  
Companies need a clear vision and powerful tools to create and sustain a competitive advantage. Even though the possible opportunities available from the Internet of Things seem endless regarding improved levels of performance and higher innovativeness, companies and managers do not seem to be crystal clear when it comes to highlighting the particular ways in which they can take advantage of these features [2]. By utilizing and exploiting these potentials, the Internet of Things' promises may turn into realities.  
In an attempt to address these issues, recently, there has been a surge in the number of studies attempting to shed light on how the Internet of Things allows new business modelsto transform existing ones. \"A business model is an overview of the manner in which a company does its business\" ([PERSON] et al., 2016) (p. 673). Even though some of these studies have considered a particular area within this field, a comprehensive approach is needed to provide more significant meaning on how these trends are being reshaped. [PERSON] et al. examined three firms--Intel, Solair, and Apio--in an exploratory study format using a multiple-case study method to understand how business models are affected by the Internet of Things ([PERSON] et al., 2016). Their findings suggest that the most significant building blocks for creating and capturing better value are the company's key activities, key resources, and value proposition. They also assert that the companies' unique competencies and the different competencies they develop are the main differentiating factors ([PERSON] et al., 2016).  
In addition to business models, the architecture and the ecosystem of the Internet of Things seem to be significant factors that will determine this industry's future ([PERSON] et al., 2016; [PERSON] et al., 2016). By transforming how companies create and provide value through their products and services, the Internet of Things can revolutionize how businesses operate. Currently, how capabilities must be implemented in this new era depicts an incomplete picture ([PERSON] et al., 2016).  
This study aims to identify and discover the Internet of Things research trends in relation to Business Model Innovation in scholarly publications. The authors employed bibliometric co-word and content analyses. This research utilized the Web of Science Core Collection database to classify the research domains in order to investigate the interrelations and effects among them. Therefore, to understand and map the intellectual structure of the research domains, the research questions are formed as below:  
(RQ1) What are the most influential keywords and word dynamics to show the trends in the research domain?  
(RQ2) What main themes emerge in the current intellectual structure?  
This paper is structured in the following way: The methodology is explained in Section 2, descriptive bibliometric results, co-word, thematic content analyses, implications, and suggestions for future research along with discussions are presented in Section 3, and Section 4 comprises the conclusion.