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Recent years brought many changes, which accelerated the development of different communication approaches and technologies. Nowadays, wireless technologies become the accelerators for a wide range of new applications. This paper focuses on the latest evolution of the promising wireless communication technology IQRF. For this aim, an in-depth analysis together with experimental measurements and simulations are provided. We provide original results in selected indoor and outdoor scenarios, in which the important communication parameters and technological limitations are highlighted. Last but not least, the application field of IQRF is established together with a comparison with other relevant technologies. DOI: 10.5755/j01.eie.25.2.22739