This year’s Gartner Hype Cycle chart puts the Internet of Things at the top of the Peak of Inflated Expectations.
Perhaps we are too hung up on the phrase itself. A quick bit of Google Trend analysis shows that while searches for IoT and Internet of Things may be peaking, M2M as a search phrase has been widely and consistently used over the last 10 years. I suspect M2M is a term more widely used by those in the industry than those outside it and is a better barometer of the state of the IoT sector.