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The successful existence of the Internet, its proven potential to cater to day‐to‐day needs of people from all walks of life and its indispensability to society at large, together have propelled the evolution of the current Internet to the next level termed as the Internet of Things (IoT). As a witness to the dawn of IoT revolution, what we are experiencing (and will continue in to do so in the near future at an exponential and astonishing rate) is the intelligent presence and communication of the physical objects or things around us with themselves (M2M) and/or with humans (M2H). Emergence of such a kind of pervasive inter‐networking ecosystem has enormous scope in terms of market growth and applications which have (to some extent) and will prove with greater force its efficacy to improve quality of life. Though it is bit early to precisely define the depth of coverage and the long‐term impact of IoT applications …