Internet of Things is an interconnected network of objects equipped with sensors, microcomputers, actuators and communication interfaces open to exchange data and control signals. Ubiquitous availability of internet, unprecedented fall in cost of sensors, and highly integrated high performance SoC (System on Chip) computing solutions are key driving forces behind massive growth of IoT. Several research reports estimate number of connected things will be more than 50 billion by 2020. In the industrial sectors, convergence of IT and OT technologies has created tremendous opportunities for businesses to innovate in terms of services, products and consumer experiences. Internet research firm IDC foresees IoT development pending to touch $1.7 Trillion by 2020. Moreover, massive adoption of IoT in consumer and enterprise sectors will create more than 2 billion jobs in coming years.