Internet of Things (IoT) provides an opportunity to build powerful applications and computing systems by using wireless communication and radio frequency identification (RFID), mobile, wired and wireless sensor device. In recent years several IoT applications have been developed for industrial use. To comprehend the IoT development, this survey paper provides a precise review of current research on IoT technologies. This study provides IoT applications regarding industries and categorizes the research challenges, issues, and developments. This survey contributes in providing the current state-of-the-art information regarding industrial IoT.