The integration of AI into Internet of Things (AIoT) systems has gradually transformed them from passive data collection infrastructures into intelligent systems capable of anomaly detection, predictive maintenance, classification, forecasting, and optimization. However, most existing solutions still rely on task-specific models that infer from sensor data; thus, system-wide capabilities such as real-time reasoning, adaptive planning, autonomous coordination, learning, tool use, and contextual decision-making remain limited. This paper examines Agentic IoT as a next-generation cognitive IoT paradigm that integrates the perception, reasoning, planning, learning, and action capabilities of autonomous AI agents with cyber-physical systems. Agentic IoT aims to transform IoT from data-centric sensing and inference infrastructures into distributed cognitive agent ecosystems operating across the device/edge-fog-cloud continuum. The paper first grounds this transition as a paradigm shift and positions Agentic IoT in relation to AIoT, edge intelligence, multi-agent systems, and the Internet of Agents. It then systematically reviews current studies, presents a holistic architectural framework, discusses domain-specific application potential, and identifies key technical, operational, and research challenges together with future research directions.

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