The Internet of Things (IoT) technology and devices represent an exciting field in computer science that is rapidly emerging worldwide. The demand for automation and efficiency has also been a contributing factor to the advancements in this technology. The proliferation of IoT devices coincides with advancements in wireless networking technologies, driven by the enhanced connectivity of the internet. Today, nearly any everyday object can be connected to the network, reflecting the growing demand for automation and efficiency. This paper reviews the emergence of IoT devices, analyzed their common applications, and explored the future prospects in this promising field of computer science. The examined applications encompass healthcare, agriculture, and smart cities. Although IoT technology exhibits similar deployment trends, this paper will explore different fields to discern the subtle nuances that exist among them. To comprehend the future of IoT, it is essential to comprehend the driving forces behind its advancements in various industries. By gaining a better understanding of the emergence of IoT devices, readers will develop insights into the factors that have propelled their growth and the conditions that led to technological advancements. Given the rapid pace at which IoT technology is advancing, this paper provides researchers with a deeper understanding of the factors that have brought us to this point and the ongoing efforts that are actively shaping the future of IoT. By offering a comprehensive analysis of the current landscape and potential future developments, this paper serves as a valuable resource to researchers seeking to contribute to and navigate the ever-evolving IoT ecosystem.