Recent innovation, growth, and deployment of internet of things (IoT) networks are changing the daily life of people. 5G networks are widely deployed around the world, and they are important for continuous growth of IoT. The next generation cellular networks and wireless sensor networks (WSN) make the road to the target of the next generation IoT networks. The challenges of the next generation IoT networks remain in reducing the overall network latency and increasing throughput without sacrificing reliability. One feasible alternative is coexistence of networks operating on different frequencies. However, data bandwidth support and spectrum availability are the major challenges. Therefore, cognitive radio networks (CRN) are the best available technology to cater to all these challenges for the co-existence of IoT, WSN, 5G, and beyond-5G networks.