Web has taken a large discovery from ‘Internet of communication’ to ‘Internet of Things’, creating it potential to attach objects and transfer information with or while not human intervention. This is often seemingly to revolutionize the manner we have a tendency to live. Like other service industries, it's an enormous potential in betterment of library services. The Internet of Things (IoT) refers to a system of interconnected, internet-connected objects that area unit able to collect and transfer information over a wireless network while not human intervention. The private or business potentialities area unit is endless. In this article, researcher have focused on the concept of Internet of things, its process, lifecycle, the technology and its growth and also examples from service industries. It also covers potential impact of I oT on libraries and establish potential library areas wherever it may be enforced effectively.