The immense increase in multimedia-on-demand traffic that refers to audio, video, and images, has drastically shifted the vision of the Internet of Things (IoT) from scalar to Multimedia Internet of Things (M-IoT). IoT devices are constrained in terms of energy, computing, size, and storage memory. Delaysensitive and bandwidth-hungry multimedia applications over constrained IoT networks require revision of IoT architecture for M-IoT. This paper provides a comprehensive survey of M-IoT with an emphasis on architecture, protocols, and applications. This article starts by providing a horizontal overview of the IoT. Then, we discuss the issues considering the characteristics of multimedia and provide a summary of related M-IoT architectures. Various multimedia applications supported by IoT are surveyed, and numerous use cases related to road traffic management, security, industry, and health are illustrated to show how different M-IoT applications are revolutionizing human life. We explore the importance of Quality-of-Experience (QoE) and Quality-of-Service (QoS) for multimedia transmission over IoT. Moreover, we explore the limitations of IoT for multimedia computing and present the relationship between the M-IoT and emerging technologies including event processing, feature extraction, cloud computing, Fog/Edge computing and Software-Defined-Networks (SDNs). We also present the need for better routing and Physical-Medium Access Control (PHY-MAC) protocols for M-IoT. Finally, we present a detailed discussion on the open research issues and several potential research areas related to emerging multimedia communication in IoT. INDEX TERMS Multimedia Internet of Things (M-IoT), multimedia communication, Internet of Multimedia Things (IoMT), multimedia computing, Quality-of-Experience (QoE), Quality-of-Service (QoS), multimedia routing, medium access control (MAC).