The cost of implementing Internet of Things (IoT) solutions can vary considerably depending on the scale and complexity of the project. Factors that play a role in determining costs include the number and types of sensors, cloud hosting infrastructure, data storage, analytics software, security measures, and device management services. Costs can range from a few hundred dollars for basic DIY projects to tens or hundreds of thousands for large-scale enterprise-level deployments. Depending on the environment and application needs, IoT solutions may require ongoing investments in hardware maintenance and software upgrades as well.