I humbly disagree because IoT itself is BS.
We've been talking about it for a decade, and I don't have any use for it, nor do most folks. The ideas are nice, but practicalities are not there.
There's a lack of standards, no consistent 'home hub', not enough use cases for expensive gear, security problems galore.
The 'beachhead' for IOT has thus been Google/Alexa, which are really Cloud services and don't integrate very well locally.
Theoretically, I can see my fridge telling me what to order, my microwave knowing how long to cook etc. etc. but I'm wary that any of it will come to fruition for a long time. But I'm not that concerned because I don't care.
I think IoT needs a 'killer app' that everyone 'needs' which paves the way for everything else.
Nobody was building anything for the data networks when BlackBerry came along with an addictive product. It was not until BlackBerry was printing money that Apple and Google took notice and thus justified massive investment in their mobile offers.