The Internet of Things (IoT) industry is rapidly expanding and is expected to continue to grow in the future. It is likely to increase in the coming years as more and more devices become internet-connected. The increasing number of connected devices, the development of new applications and services, and the falling prices of IoT devices will drive this growth. Similarly, the expansion of the cloud computing industry will benefit the IoT industry by providing the infrastructure required to support the massive data flows generated by IoT devices. It will also allow businesses to store and process data in the cloud rather than purchasing and maintaining their data centers.