Meet the Leaders: Best IoT Development Companies in 2024

How to find a reliable IoT software developer? 

This question is extremely acute thanks to the mass adoption of the Internet of Things technology. Its popularity has led to the corresponding growth of companies that provide IoT software development services, and, as a result, to the complication of finding the right development partner.

Here’s a look at the top 10 IoT development companies in 2024, which we meticulously analyzed and selected for this article.

What Is IoT Development

IoT development involves the creation of interconnected devices, systems and services that utilize IoT technology. IoT pertains to the expanding network of objects that communicate and share data, over the internet. The process of development covers fields like embedded systems engineering, software creation data analysis and network protection. 

Through implementing IoT solutions, companies can improve their efficiency, elevate customer satisfaction levels and discover income opportunities across sectors, like smart cities, healthcare, agriculture and manufacturing.

How IoT Development Brings Competitive Edge

The development of IoT offers businesses an advantage by enabling them to utilize devices, systems and services to enhance their operations and provide better customer experiences. Through the use of IoT technology companies can gather real-time data, automate tasks, base their decisions on data analysis rather than intuition or a gut feeling. 

This opportunity assists them in cutting expenses reducing downtime and improving the quality of their products. Additionally IoT empowers businesses to innovate products and services creating opportunities for revenue streams and new business models. By embracing IoT development, companies can set themselves apart from competitors, and maintain a leading position on the market or in their respective industries.

How Much IoT Development Costs

The expenses associated with development can vary based on factors such, as the projects complexity, the technologies utilized and the expertise of the development team. Typically costs for development can be categorized into hardware, software and ongoing maintenance. 

Hardware expenses encompass items like sensors, actuators and communication modules while software costs involve creating the platform, applications and data analysis tools. 

On average charges for software development services can fall within a range of $25 to $200 per hour with minimum project costs starting at $10,000. However it is important to keep in mind that these figures are estimates only; actual expenses, for development may differ depending on the specific needs and challenges of each project.

How Long IoT Development Takes

The length of a projects development can differ based on factors, like the projects intricacy, the technologies utilized and the experience of the development team. Developing solutions like basic smart home setups or wearable gadgets might take a few months whereas more intricate projects like industrial IoT systems or connected healthcare solutions could span from six months to a couple of years. 

Various elements such as integrating hardware and software, meeting data security and privacy standards, complying with regulations and conducting testing and validation can affect the timeline for development. Choosing an IoT development firm with a track of records in your specific industry is crucial, for ensuring a seamless development process and timely delivery.

#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 known software development company specializing in crafting Internet of Things systems. Using technology they deliver solutions that drive transformation across various industries. Their unique approach, to developing IoT ensures secure solutions establishing them as a trusted partner for numerous global businesses.

Established in: 2004

Location: Based in the United States Pegasus Ones headquarters are situated in California. They also maintain operations in India to access a range of professionals.

Services:

• IoT development: Pegasus One excels in designing tailored solutions such, as home systems, industrial IoT applications and connected health solutions.
• Software development: They provide software development services encompassing web, cloud application development.
• Data analytics: Pegasus One offers data and analytics services to assist businesses in making decisions based on data insights.

Reputation: Rated 4.7 on Clutch

Projects: Among their works are the ‘Secure Home Automation System’ designed for homes, an ‘Industrial IoT Solution’ for a manufacturing firm, and a ‘Connected Health Solution’ for a healthcare provider.

Team size: 50-249 employees

Pricing: Ranges from $25 to $49 per hour with a minimum project size of $10,000

#3 Reinvently

Also known as a Provectus company, Reinvently stands out as a player in IoT development, constantly pushing technological boundaries to create revolutionary solutions. Their team combines creativity with expertise to craft customized systems for sectors like healthcare, agriculture and energy management. With a focus on customer satisfaction, Reinvently is committed to helping businesses harness the potential of IoT technology whether its optimizing processes or improving user experiences.

Established in: 2010

Location: While based in the heart of Silicon Valley in Palo Alto, California Reinvently proudly operates from the United States. They also have a development center in Ukraine that allows them to serve clients worldwide.

Service offerings:

• IoT development: Ranging from wearables to interconnected home setups, Reinvently creates personalized IoT solutions tailored specifically for various industries.
• Software development: They offer a range of software development services covering mobile, web and cloud solutions to help businesses thrive in todays landscape.
• UI/UX design: The design team at Reinvently pays attention to detail in creating user interfaces and enjoyable experiences, ensuring customer happiness and product success.

Reputation: Highly regarded with a rating of 4.9 on Clutch.

Portfolio: Recent achievements by Reinvently include an ‘IoT Driven Smart Agriculture System’ a ‘Connected Health Platform’ for patient care and a ‘Smart Energy Management System’ that enhances energy efficiency.

Number of employees: Between 250 and 999 staff members

Costs: Hourly rates range from $50 to $99 with project sizes starting at $25,000 or more.

#4 Sirin Software

Known for their groundbreaking work in development Sirin Software pushes boundaries to provide solutions that shape the future. Their diverse team leverages technology to create customized systems for sectors like cities, manufacturing and healthcare. With a commitment to quality and creativity, Sirin Software aims to equip businesses with IoT solutions that open up new opportunities and foster growth.

Established in: 2014 

Location: Sirin Software is based in Ukraine. Serves as a hub, for their expertise in IoT expanding their services across Europe, North America and Asia to cater to a range of industries.

Their offerings include: 

• IoT development covering city solutions, industrial automation and connected health systems crafting bespoke applications that redefine industry standards. 
• Embedded systems development to ensure integration of hardware and software components for IoT solutions. 
• Firmware development services that guarantee secure performance for IoT devices.

With a reputation of: 4.8 on Clutch 

Sirin Softwares portfolio: showcases projects like ‘Intelligent Traffic Management System’ for smart cities ‘Industrial Automation System’ for manufacturing facilities and ‘Remote Health Monitoring Solution’ for telemedicine providers.

Number of employees: between 50 and 249 professionals 

Price: the company offers services at a rate of $50-$99 per hour with a project size starting at $25,000.

#5 Very, LLC

Very LLC is renowned as an expert in development that specializes in delivering comprehensive solutions, for intricate challenges.

They have a team of engineers and designers who specialize in creating IoT systems that blend sophistication with functionality. Their collaborative approach and dedication to integrating the technology have positioned them as a choice for companies seeking to utilize IoT for business growth and sustainability.

Established in: 2011 

Location: Very LLC is headquartered in Chattanooga, Tennessee within the United States. Their distributed team works from locations allowing for an dynamic project delivery strategy.

Their services cover:

• IoT development: Tailored solutions for homes, industrial automation and connected vehicles.
• Machine learning: Using algorithms to help businesses make data driven decisions.
• Blockchain development: Developing systems for finance, supply chain management and healthcare.

With a reputation rating: of 4.7 on Clutch

Portfolio: Very LLC has completed projects like a ‘Smart Supply Chain Management System’, a ‘Predictive Maintenance Platform’ for industrial machinery upkeep, and a ‘Blockchain Based Fintech Solution’ ensuring transactions.

Employee count: 50 to 249 staff members

Pricing: $200 to $300, per hour with minimum project size of $250,000

#6 Infinum

Infinum stands out as a pioneering company in development blending creativity with technical expertise to provide top notch digital experiences. With a focus on research and innovation Infinum leads the way in leveraging the IoT technologies for businesses benefit. Their proficiency covers sectors like finance, healthcare and automotive making them a versatile choice for projects.

Established in: 2005

Location: Infinums main base is in Croatia with additional offices in the United States and Slovenia to cater to clients across regions.

Offerings:

• IoT development: excels at designing tailored solutions for smart homes and intelligent transportation systems ensuring smooth integration and outstanding performance.
• Mobile app development: Leveraging their skills in mobile app development they create engaging and user applications, for platforms.
• Web development: Infinums web development services include design and robust systems that empower businesses to establish a solid online presence.

Reputation: Infinum, a development firm, with a 4.9 rating on Clutch 

Portfolio: showcases several standout projects including a ‘Connected Car Platform,’ a ‘Smart Home Energy Management System’ and a ‘Digital Healthcare Solution’ tailored for remote patient monitoring. 

Number of employees: 50-249 employees

Price: offers services at a rate of $50-$99 or with a minimum project cost of $25,000.

#7 MobiDev

MobiDev prides itself on delivering customized IoT solutions to ensure seamless user experiences. With expertise across industries like healthcare, retail and logistics, MobiDev has a proven track record of crafting solutions that help businesses thrive in today’s ever-changing technological landscape.

Foundation year: established in 2009 

Location: MobiDev is headquartered in the United States. Operates development centers in Ukraine enabling them to cater to a range of global clients. 

Their services encompass: 

• Bespoke IoT system development.
• Augmented reality experiences creation.
• AI and machine learning for data analysis and process automation.

Reputation: Known for their exceptional services MobiDev holds a stellar reputation with a rating of 4.9, on Clutch. 

Portfolio: Some of their projects include an ‘AI Driven Predictive Maintenance System,’ a ‘Smart Home Solution’ focusing on energy efficiency optimization and an immersive ‘AR Application’ designed for engaging shopping experiences.

Number of employees: 250-999

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

#8 Dogtown Media

Dogtown Media is known for its expertise in development blending design thinking with a grasp of emerging technologies. With a track record of innovating solutions, they have assisted businesses of all sizes in navigating the realm of IoT. Their problem solving approach has allowed them to tackle projects focused on critical global issues like environmental monitoring and public safety.

Established in: 2011

Located: Based in Venice Beach, California Dogtown Media offers its services to Clients nationwide and internationally catering to the requirements of businesses across industries.

Services:

• IoT Development: Dogtown Media provides scalable solutions that drive transformation in businesses ranging from smart healthcare systems to advanced industrial automation.
• Mobile app development: Leveraging their expertise in mobile app development they create engaging and feature applications, across platforms.
• Web development: Dogtown Medias web development services empower businesses to establish a presence through responsive web design and backend systems.

Reputation: Rated at 4.8 on Clutch.

Projects: Dogtown Media has worked on projects, such, as an ‘Environmental Monitoring System’ for analyzing air quality, a ‘Public Safety IoT Solution’ for emergency response and a ‘Smart Agriculture Platform’ for precision farming.

Team size: Consists of 10 49 employees

Pricing: Charges range from $100 to $149 per hour, with a project size starting at $25,000

#9 Concepter

Concepter is a company, in the field of IoT specializing in bringing ideas to life through market ready products. Their team of specialists with expertise in product design, hardware engineering and software development is known for delivering standout solutions. Focusing on consumer electronics and smart devices Concepter has established itself as a player in the realm of IoT technology.

Established: in 2013 

Headquartered: in Kyiv, Ukraine, Concepter offers cutting edge development services to Clients worldwide.

Their services include:

• IoT development: Concepter excels at creating consumer devices, like smart home systems, wearables and connected gadgets.
• Product design: Their team of skilled designers assists Clients in crafting visually appealing and user friendly products that resonate with their target audience.
• Hardware engineering: Leveraging their hardware engineering expertise ensures the production of top notch and dependable 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 well-known company in the field of development recognized for its innovative approach to crafting tailored solutions for Clients across diverse sectors. Backed by a team of engineers and designers, Integra Sources is dedicated to delivering cutting edge applications that tackle specific business challenges and add value for its Clients.

Established: in 2013 

Headquartered: in Nur Sultan, Kazakhstan Integra Sources caters to Clients globally with its range of services.

Services:

• IoT development: Specializing in designing and building IoT systems encompassing firmware, middleware and cloud integration.
• Embedded systems: Offering customized embedded software development for hardware platforms and microcontrollers.
• Hardware development: Providing services ranging from hardware design to PCB layout and manufacturing.
• Computer vision: Developing solutions for object recognition, tracking and video analytics.

With a reputation: of 4.9 on Clutch 

Portfolio: Integra Sources showcases projects like a water quality monitoring system, an IoT based smart lock solution and a wearable device designed to detect falls among elderly individuals.

Number of employees: between 50-249 professionals 

Price: Integra Sources operates at rates from $50-$99 per hour, with a minimum project size of $10,000

Final words

Choosing the right IoT development company is a tricky, but necessary step when planning to introduce the Internet of Things technology to your business. Each of these top 10 IoT development companies of 2023 brings a unique set of skills, expertise, and experience to the table.

If you still struggling with the choice, feel free to refer to our comprehensive whitepaper on how to choose the right software development company.The final advice – consider your specific needs, budget, and project requirements before contacting any software provider. 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?

Yes. Still, they are not risks, but challenges. 

When working with the Internet of Things companies, it’s possible to face challenges like:

• leak of project details to third parties; 
• poor development and management processes that result in budget overrun;
• lack of expertise in the Internet of Things technology; 
• poorly secured network of IoT devices. 

Nevertheless, there are some signals at the step of choosing the development company that allow to avoid these challenges:

• insist on signing an NDA before sharing any project details; 
• ask to describe the processes within the company with roles, responsibilities, and timelines; 
• look for a solid background in IoT implementation; 
• only refer to companies that have ISO 27001 security certifications. 

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 $60,000, while complex projects can exceed $300,000. 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 provide a range of services to help Clients create, deploy, and manage IoT solutions. These 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.

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