Few companies are betting everything on the Internet of Things (IoT) as much as Sierra Wireless (NASDAQ:SWIR) is. The IoT brings the connection of formerly unconnected things (like cars, coffee makers, industrial equipment, etc.) to the Internet so that data can be collected and analyzed, and systems can be automated.

Sierra Wireless is a leader in the wireless embedded module market, which allows for new levels of connectivity for many companies, and is betting everything on the rise of IoT devices over the next few years. But even given all of Sierra's potential, there are plenty of obstacles the company faces as it tries to tap into the burgeoning Internet of Things.

Click on the slideshow below to find out what Sierra Wireless has to gain and what it needs to watch out for as it purses the IoT market.

Chris Neiger has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Sierra Wireless and Tesla Motors. The Motley Fool recommends Cisco Systems. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.