How to do it...

To find out the what will be the price based on the IoT solution needs we will use the pricing calculator provided by Microsoft Azure:

1. The price is per size of the IoT Hub instance.
2. First find out the size and units per size required.
3. First use the following link to go to Azure pricing calculator:

https://azure.microsoft.com/en-gb/pricing/calculator/

1. Now select the Azure service for which you want to estimate the price, in our case it is IoT Hub:

1. Once you have selected IoT Hub service, it will show the estimation area:

1. Select the IoT Hub tier based on the number of messages per day capability you want to build in your IoT solution:

1. Select the number of units required to full fill your requirement amount of messages per day:

1. I have selected S1 tier with 2 units. It will support 800 k messages per day at $100.