Abstract
The rapid evolution of technology has paved the way for the many applications of the Internet of Things (IoT). As IoT systems become increasingly complex, new technologies that simplify the development of the IoT are emerging, for example, IoT cloud platforms have gained popularity as tools that reduce development time and cut costs. Recent surveys indicate that only a few IoT projects have had successful outcomes. Among the main reasons for this, there is the lack of knowledge regarding IoT design and architecture. Numerous research studies have tried to address the problem of choosing the right cloud platform based on specific requirements, but none of the reviewed studies has proposed a cost-benefit analysis of the current available cloud solutions for the IoT. Here, the IoT has been studied from a decision-maker’s perspective, giving a brief but concise introduction to modern IoT architecture and IoT middleware and evaluating the costs of four popular IoT cloud middleware solutions under different project requirements and design scenarios.
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