Meet the Leaders: Best IoT Development Companies in 2024

In an increasingly interconnected world, the Internet of Things (IoT) is no longer a distant future concept but a present-day reality. With billions of devices connected worldwide, businesses across all industries are leveraging IoT technologies to drive innovation, improve operational efficiency, and create unparalleled customer experiences. But, to harness the full potential of IoT, you need the right development partner. Here’s a look at the top 10 IoT development companies in 2024 that are pushing the boundaries of what’s possible with IoT.

What Is IoT Development

IoT development is the process of designing, building, and deploying interconnected devices, systems, and services that leverage the Internet of Things (IoT) technology. IoT refers to the ever-growing network of physical objects that communicate and exchange data through the internet. IoT development encompasses a wide range of disciplines, including embedded systems engineering, software development, data analytics, and network security. By creating IoT solutions, businesses can optimize their operations, enhance customer experiences, and unlock new revenue streams in various industries, such as smart cities, healthcare, agriculture, and manufacturing.

How IoT Development Brings Competitive Edge

IoT development provides businesses with a competitive edge by enabling them to harness the power of connected devices, systems, and services to optimize their operations and deliver improved customer experiences. By leveraging IoT technology, companies can collect real-time data, automate processes, and make data-driven decisions. This helps them reduce operational costs, minimize downtime, and enhance product quality. Furthermore, IoT allows businesses to create innovative products and services, opening up new revenue streams and business models. By embracing IoT development, companies can differentiate themselves from competitors and maintain a leading position in their respective markets.

How Much IoT Development Costs

The cost of IoT development can vary significantly depending on the complexity of the project, the technologies used, and the development team’s expertise. Generally, IoT development costs can be broken down into hardware, software, and ongoing maintenance expenses. Hardware costs include sensors, actuators, and communication modules, while software costs involve developing the IoT platform, applications, and data analytics tools. On average, IoT development services can range from $25 to $200 per hour, with minimum project sizes starting from $10,000. However, it’s essential to note that these figures are merely rough estimates, and the actual cost of IoT development can differ based on the project’s unique requirements and challenges.

How Long IoT Development Takes

The duration of an IoT development project can vary depending on the project’s complexity, the technologies involved, and the development team’s experience. Simple IoT solutions, such as basic smart home systems or wearable devices, may take a few months to develop, while more complex projects, like industrial IoT systems or connected healthcare solutions, can take anywhere from six months to a couple of years. Factors that can impact the development timeline include hardware and software integration, data security and privacy requirements, regulatory compliance, and the need for extensive testing and validation. To ensure a smooth development process and timely delivery, it’s crucial to select an experienced IoT development company with a proven track record in your industry.

#1 SumatoSoft

SumatoSoft is an experienced IoT software provider that has developed custom solutions since 2012. The company cooperates with businesses of all sizes, delivering custom enterprise software and developing MVPs to startups. SumatoSoft offers industry-focused IoT solutions for healthcare, retail, manufacturing, smart homes & cities, and automotive domains.

Foundation year: 2012

Location: SumatoSoft is based in Boston, US, and operates in Eastern Europe and Asia.

Services:

• all-around IoT applications;
• connectivity management;
• device management;
• Data visualization;
• IoT data analytics;
• IoT consulting;
• custom software development.

Reputation: 4.8 (Clutch)

Portfolio: Notable projects in SumatoSoft’s portfolio include fitness tracking system, a smart fridge sensors system,  remote patient monitoring, warehouse automation, fleet management, robotics, smart traffic lights, and more.

Number of employees: 50-249

Costs: $50-$99 per hour / $10,000 – min project size

#2 Pegasus One

Pegasus One is a renowned software development company that specializes in creating advanced Internet of Things systems. By leveraging the power of IoT, they provide solutions that bring about digital transformation in various industries. Their unique approach to IoT development ensures robust, scalable, and secure solutions, making them a go-to partner for many businesses worldwide.

Foundation year: 2004

Location: Pegasus One operates primarily out of the United States, with its headquarters located in California. They also have an operational presence in India, allowing them to tap into a diverse talent pool.

Services:

• IoT Development: Pegasus One excels in creating custom IoT solutions, including smart home systems, industrial IoT, and connected health solutions.
• Software Development: They offer full-stack software development services, including web, mobile, and cloud application development.
• Data Analytics: Pegasus One provides big data and analytics services to help businesses make data-driven decisions.

Reputation: 4.7 (Clutch)

Portfolio: Some of their latest projects include ‘Secure Home Automation System’, a smart home solution, ‘Industrial IoT Solution’ for a manufacturing company, and ‘Connected Health Solution’ for a healthcare provider.

Number of employees: 50-249

Costs: $25-$49 per hour / $10,000 – min project size

#3 Reinvently

Also know as Provectus company. Reinvently is an innovative force in IoT development, pushing the boundaries of technology to create groundbreaking solutions. Their team of experts fuses creativity and technical know-how, delivering tailor-made systems for industries such as healthcare, agriculture, and energy management. As a company driven by a customer-first approach, Reinvently is dedicated to enabling businesses to realize the full potential of IoT, from streamlining processes to enhancing user experiences.

Foundation year: 2010

Location: With its headquarters nestled in the heart of Silicon Valley, Palo Alto, California, Reinvently proudly calls the United States home. Their development center in Ukraine helps extend their reach and cater to a global clientele.

Services:

• IoT Development: From intelligent wearables to smart home ecosystems, Reinvently devises bespoke IoT solutions tailored to the unique needs of diverse industries.
• Software Development: Their full-spectrum software development services encompass mobile, web, and cloud solutions, enabling businesses to thrive in the digital age.
• UI/UX Design: Reinvently’s design wizards meticulously craft intuitive user interfaces and delightful experiences, ensuring customer satisfaction and product success.

Reputation: 4.9 (Clutch)

Portfolio: Reinvently’s recent triumphs include an ‘IoT-Driven Smart Agriculture System’, a ‘Connected Health Platform’ for remote patient care, and a ‘Smart Energy Management System’ that optimizes energy consumption.

Number of employees: 250-999

Costs: $50-$99 per hour / $25,000 – min project size

#4 Sirin Software

As a pioneer in IoT development, Sirin Software defies conventions and delivers cutting-edge solutions that shape the future. Their multidisciplinary team of experts harnesses the power of IoT to craft bespoke systems for industries such as smart cities, manufacturing, and healthcare. With a keen focus on quality and innovation, Sirin Software’s mission is to empower businesses with transformative IoT solutions that unlock new possibilities and drive growth.

Foundation year: 2014

Location: Sirin Software’s headquarters in Ukraine serves as a launchpad for their IoT prowess, extending their reach across Europe, North America, and Asia, and catering to a diverse array of industries.

Services:

• IoT Development: Sirin Software’s expertise spans across smart city solutions, industrial automation, and connected health systems, delivering custom IoT applications that redefine the status quo.
• Embedded Systems: Their mastery of embedded systems development ensures seamless harmony between hardware and software components, laying the foundation for robust IoT solutions.
• Firmware Development: Sirin Software’s firmware development services provide a wide range of IoT devices with steadfast and secure performance.

Reputation: 4.8 (Clutch)

Portfolio: Some notable projects in Sirin Software’s portfolio include ‘Intelligent Traffic Management System’, a smart city solution, ‘Industrial Automation System’ for a manufacturing facility, and ‘Remote Health Monitoring Solution’ for a telemedicine provider.

Number of employees: 50-249

Costs: $50-$99 per hour / $25,000 – min project size

#5 Very, LLC

Very, LLC is an IoT development powerhouse that excels at delivering end-to-end solutions for complex challenges. With a team of seasoned engineers and designers, they focus on crafting IoT systems that are both elegant and functional. Their collaborative approach and commitment to using cutting-edge technology make them a go-to partner for businesses looking to leverage IoT for growth and sustainability.

Foundation year: 2011

Location: Very, LLC is based in the United States, with its headquarters in Chattanooga, Tennessee. Their remote team collaborates from various locations, ensuring a flexible and agile approach to project delivery.

Services:

• IoT Development: Specializing in IoT-enabled systems, Very, LLC crafts custom solutions for a wide range of applications, including smart homes, industrial automation, and connected vehicles.
• Machine Learning: Leveraging advanced machine learning algorithms, they empower businesses to harness the power of data for improved decision-making and predictive capabilities.
• Blockchain: Very, LLC offers blockchain development services to build secure and transparent systems for industries such as finance, supply chain, and healthcare.

Reputation: 4.7 (Clutch)

Portfolio: Very, LLC’s recent projects include a ‘Smart Supply Chain Management System’, a ‘Predictive Maintenance Platform’ for industrial equipment, and a ‘Blockchain-Based Fintech Solution’ for secure transactions.

Number of employees: 50-249

Costs: $200-$300 per hour / $250,000 – min project size

#6 Infinum

Infinum is a trailblazing IoT development company that combines artistry and engineering to deliver exceptional digital experiences. As a company deeply invested in research and development, Infinum stays ahead of the curve, enabling businesses to benefit from the latest IoT advancements. Their expertise spans various industries, including finance, healthcare, and automotive, making them a versatile partner for IoT projects.

Foundation year: 2005

Location: Infinum is headquartered in Croatia, with additional offices in the United States and Slovenia, allowing them to serve clients from diverse geographical regions.

Services:

• IoT Development: Infinum excels at creating custom IoT solutions, from connected homes to smart transportation systems, ensuring seamless integration and exceptional performance.
• Mobile App Development: Their expertise in mobile app development enables them to deliver captivating and user-friendly applications across various platforms.
• Web Development: Infinum’s web development services encompass responsive web design and backend systems, empowering businesses to establish a strong online presence.

Reputation: 4.9 (Clutch)

Portfolio: Some notable projects in Infinum’s portfolio include a ‘Connected Car Platform’, a ‘Smart Home Energy Management System’, and a ‘Digital Healthcare Solution’ for remote patient monitoring.

Number of employees: 50-249

Costs: $50-$99 per hour / $25,000 – min project size

#7 MobiDev

MobiDev is a trusted IoT development company that prides itself on delivering seamless user experiences through its tailored IoT solutions. Their diverse range of expertise spans industries such as healthcare, retail, and logistics. MobiDev has a track record of creating innovative solutions that enable businesses to stay ahead in a constantly evolving technological landscape.

Foundation year: 2009

Location: MobiDev is headquartered in the United States with development centers in Ukraine, allowing them to serve a broad range of clients across the globe.

Services:

• IoT Development: MobiDev excels in creating bespoke IoT systems, including wearables, smart home solutions, and industrial IoT applications.
• Augmented Reality: Their team is adept at creating immersive Augmented Reality experiences, opening up new opportunities for businesses to engage with their users.
• AI & Machine Learning: MobiDev leverages AI and Machine Learning to build intelligent systems that can analyze data, make predictions, and automate processes.

Reputation: 4.9 (Clutch)

Portfolio: MobiDev’s recent projects include an ‘AI-Driven Predictive Maintenance System’, a ‘Smart Home Solution’ that optimizes energy usage, and an ‘AR Application’ for an immersive shopping experience.

Number of employees: 250-999

Costs: $50-$99 per hour / $10,000 – min project size

#8 Dogtown Media

Dogtown Media stands out as an IoT development company that combines design thinking with a deep understanding of emerging technologies. With a rich history of creating breakthrough solutions, they have helped businesses of all sizes to navigate the complex world of IoT. Dogtown Media’s approach to problem-solving has enabled them to work on projects that address pressing global challenges in areas such as environmental monitoring and public safety.

Foundation year: 2011

Location: Headquartered in Venice Beach, California, Dogtown Media extends its services to clients across the United States and beyond, catering to the diverse needs of businesses in various sectors.

Services:

• IoT Development: Dogtown Media delivers robust and scalable IoT solutions that transform businesses, from smart healthcare systems to advanced industrial automation.
• Mobile App Development: Their expertise in mobile app development enables them to create engaging and feature-rich applications across various platforms.
• Web Development: Dogtown Media’s web development services empower businesses to establish a strong online presence through responsive web design and backend systems.

Reputation: 4.8 (Clutch)

Portfolio: Some of Dogtown Media’s recent projects include an ‘Environmental Monitoring System’ for air quality analysis, a ‘Public Safety IoT Solution’ for emergency response, and a ‘Smart Agriculture Platform’ for precision farming.

Number of employees: 10-49

Costs: $100-$149 per hour / $25,000 – min project size

#9 Concepter

Concepter is a forward-thinking IoT development company that specializes in turning bold ideas into market-ready products. Their team’s extensive experience in product design, hardware engineering, and software development enables them to deliver IoT solutions that truly stand out. With a focus on consumer electronics and smart gadgets, Concepter has made a name for itself in the fast-paced world of IoT technology.

Foundation year: 2013

Location: Headquartered in Kyiv, Ukraine, Concepter provides its cutting-edge IoT development services to clients around the globe.

Services:

• IoT Development: Concepter excels in designing and developing consumer-oriented IoT devices, such as smart home systems, wearables, and connected gadgets.
• Product Design: Their team of talented designers helps clients create visually appealing and user-friendly products that resonate with the target audience.
• Hardware Engineering: Concepter’s expertise in hardware engineering ensures the development of high-quality and reliable IoT devices.

Reputation: 4.7 (Clutch)

Portfolio: Some of Concepter’s recent projects include a ‘Gesture Control Device’ for smart home systems, a ‘Smart Fitness Wearable’ for tracking physical activity, and an ‘IoT-Enabled Pet Care Solution’ for monitoring pets’ health and well-being.

Number of employees: 10-49

Costs: $25-$49 per hour / $1,000 – min project size

#10 Integra Sources

Integra Sources is a renowned IoT development company, known for its innovative approach to creating custom solutions for clients across various industries. With a dedicated team of skilled engineers and designers, Integra Sources is committed to delivering cutting-edge IoT applications that address unique business challenges and drive value for its clients.

Foundation year: 2013

Location: Headquartered in Nur Sultn, Kazakhstan, Integra Sources serves clients around the globe.

Services:

• IoT Development: Integra Sources specializes in designing and developing IoT systems, including firmware, middleware, and cloud integration.
• Embedded Systems: The company offers custom embedded software development for various hardware platforms and microcontrollers.
• Hardware Development: Integra Sources provides hardware design and prototyping services, from schematic design to PCB layout and manufacturing.
• Computer Vision: The company develops advanced computer vision solutions for applications like object recognition, tracking, and video analytics.

Reputation: 4.9 (Clutch)

Portfolio: Some notable projects in Integra Sources’ portfolio include a remote water quality monitoring system, an IoT-based smart lock solution, and a wearable device for detecting falls in elderly people.

Number of employees: 50-249

Costs: $50-$99 per hour / $10,000 – min project size

Final words

Choosing the right IoT development company is a crucial step in your digital transformation journey. Each of these top 10 IoT development companies of 2024 brings a unique set of skills, expertise, and experience to the table. Whether you’re looking to develop a smart home solution, a connected healthcare system, or an industrial IoT application, these companies have proven their capabilities in delivering high-quality, innovative, and scalable IoT solutions. Among them, SumatoSoft has an outstanding reputation for delivering end-to-end IoT projects with a customer-centric approach. So, consider your specific needs, budget, and project requirements, and don’t hesitate to get in touch with SumatoSoft to explore how they can help you achieve your business goals.

FAQ

What services do Internet of Things companies provide?

• Internet of Things companies provide a wide array of services;
• IoT system development; 
• software and hardware consulting; 
• data analytics and visualization;
• system security audit;
• maintenance and support; 
• edge computing.

Are there any risks associated with working with Internet of Things companies, and how can they be avoided?

Working with the Internet of Things companies introduces risks like data security vulnerabilities, poor asset management, and technology integration challenges. To mitigate these risks, look for companies that have ISO 27001 certification, provide an integration roadmap with the description of protocols, standards, and APIs to be used, and have an asset management strategy, including real-time device tracking, automated software updates, and remote diagnostics. 

How much does it cost to hire an Internet of Things company?

The cost of hiring an Internet of Things company varies widely depending on the project’s complexity, geographical location, and the specific services required. Basic IoT projects can be developed for $40,000, while complex projects can exceed $200,000. Additionally, hourly rates for IoT development services range from $40 to $200, influenced by the expertise and the project’s technical demands.

What types of services do IoT developers companies provide?

IoT developers companies provide a range of services to help Clients create, deploy, and manage IoT solutions. Their types of services include Mobile App Development, Custom Software Development, Web Development, Cloud Infrastructure Setup, Data Analytics and Visualization, and more. 

Do any IoT Development providers work in languages other than English?

Yes, IoT development providers often offer communication, documentation, and support in languages such as Spanish, Chinese, French, German, Japanese, and many others, depending on the provider’s capabilities and the languages prevalent in their target markets.

What is the average cost of IoT? 

Based on our 12-year track of records, the average cost of IoT can range from $ $20,000 to $500,000. $35,000 is enough for proof of concept, $50,000 – $150,000 is the range for MVP development, and a complex system is from $150,000 to $500,000, while solutions for smart cities can reach several $ million.

‍