Smartphones and computers are not considered as the only 2 devices which are using the internet. Daily life objects including doorbells, major appliances, TVs, light bulbs, etc are featuring internet connectivity to a great extent. All these objects and devices are composed in IoT or Internet of Things as these devices are communicating with the data centers and with one another through the internet. This is tricky to invest in IoT as there are different companies that are engaged in different aspects. Everything in the world is further complicated because of the Coronavirus pandemic. In terms of customers, job losses along with weak economic conditions due to COVID-19 has negatively impacted the spending patterns of customers in different areas, but devices and gadgets have escaped most of the pain as customers are now staying more at home. On the business side, temporary shutdowns of businesses, bankruptcies due to Coronavirus pandemic, and cautiousness on spending patterns due to an uncertain economy can put a huge impact on the demand for IoT. Besides this pandemic, this long-term story is always bright. The majority of the organizations are emphasizing on IoT because it helps in business growth.
In this article, we are going to share the 10 best IoT stocks to buy in 2021 as reviewed in a post shared by Insider Monkey. PTC Inc. is on the list of the best IoT stocks to buy. This is a computer services and software company based in America and focusing more on the technology utilized for connecting different products with the internet in order to capture as well as analyze data. During the Q3 of 2029, PTC Inc. generated $352 million in revenues. David J. Millstone and David S. Winter are the biggest hedge fund holder for the shares of PTC. They have invested approximately $372 million in this particular stock till the end of September 2020. Another company in this list is the popular one, i.e. IBM which is also considered as the best IoT stock for 2021. IBM or International Business Machines Corporation is a multinational firm based in America and is taken into account as the leading company in terms of offering cloud-based solutions and platforms all over the world. This was reported in the Q3 of 2020 that the revenues generated by the company were $17.56 billion. There are many more on the list, you can jump directly to 14 Best Internet of Things Stocks To Buy Now.