It’s still there but not growing as forecast. In 2010 Cisco predicted there would be 50 billion connected devices by 2020 but the reality falls very much shorter at just over 12 billion. Cisco have since revised the number to be even more at 75 billion by 2025 expecting an exponential take up over the next few years. A recent report by eseye on the subject has been published and is available for free download here - https://iot.eseye.com/iot-adoption-report-2021/thank-you/
Blackthorne have been involved in delivering hardware for IOT functionality for many years, so is a subject we are very aware of and have created Importer of record (IOR) solutions to match the challenges in this growing market. Please get in touch for further information on our IOR services at email@example.com.