Various embodiments of systems and methods for monitoring IoT gateways are described herein. The method includes rendering an option to operate an internet of things (IoT) gateway in one of a profile and a normal mode. When the profile mode is selected, a profiling agent is attached to the IoT gateway to captured one or more gateway attributes indicative of performance of at least one of a software application and one or more processes executing within the software application of the IoT gateway. The captured gateway attributes are sent to a server or cloud for further analysis and processing, e.g., to improve software application executing within the IoT gateway to enhance the performance of the IoT gateway. When the normal mode is selected, a program to capture one or more hardware attributes of the IoT gateway is executed to capture hardware attributes to analyze the performance of the IoT gateway.