To find out accurate and up to date information on the number of companies that are a part of the IoT industry, total IoT industry employees, annual revenue of the IoT industry, number of connected IoT devices worldwide, number of connected IoT devices with SIM cards, and the average sum of money companies spend on software. The initial market research into the IoT industry in general and IoT for the energy industry in particular will help in developing a business plan for a startup.