The Comparison of 42 Internet of Things (IoT) Companies

The Internet of Things (IoT) is changing the way businesses operate. From smart homes and wearables to industrial automation and smart cities, IoT technology is transforming every industry. 

According to a report from the McKinsey Global Institute, the worldwide economic effect of IoT could reach up to $11.1 trillion in 2025. IoT growth varies by field, but the progress is undeniable.

In this article, we will look at the top IoT companies. First, we will explain how we chose them. Then, we will present these top 40 companies. At the end of the article, you will find answers to the most common questions regarding IoT companies.

How We Determined the Top IoT Companies

There is not one company that can be considered a single leader in the field. You need to think of your goals and priorities when choosing which company to work with. When compiling our list of top IoT companies, we took into account:

• The years of experience of a specific company and its reputation.
• The company size and its location. 
• The variety and quality of services the company offers.
• How much the company charges for its services.

Without further ado, here are the top IoT companies worldwide:

#1 SumatoSoft

SumatoSoft is one of the top IoT companies that offers a range of IoT software development services for different needs and situations. The company builds custom software solutions for businesses of different size: it builds MVP for startups, but it targets complex enterprise applications that require well-conceived business analysis. 

SumatoSoft offers industry-focused IoT solutions for healthcare, retail, manufacturing, smart homes & cities, and automotive domains. These IoT solutions include remote patient monitoring, warehouse automation, fleet management, robotics, smart traffic lights, and more. Every solution SumatoSoft builds comes with great security and scalability for future changes in terms of new features, fleet expansion, new users, and increased workload. 

SumatoSoft IoT services include: 

• All-around IoT Applications
• Connectivity Management
• Device Management
• Data Visualization
• IoT Data Analytics
• IoT Consulting

The SumatoSoft team has built 150 custom software solutions for 27 countries for 11 industries. After more than 10 years on the market, the company became a reliable technical partner to its clients, demonstrating a 98% client satisfaction rate with the quality of services they provide.

Key company characteristics:

• Minimal project size – $25,000+
• Average hourly rate – $50-$99/hr
• Major clients – Toyota, Tartle, LPSolutions

Founding year: 2012

Size of company: 50-99

Location of company: Boston, United States

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#2 Very

Very is an AI and IoT design company that provides services for building smart manufacturing, consumer electronics, and connected health and wellness systems. The company is known for delivering the finished product in a timely fashion and has a reputation for providing a particularly good customer experience. Their past clients say that the company is easy to work with and the team is always ready to change things on the go at the client’s request, handling projects with both efficiency and agility.

Very offers IoT services that include product design, mobile app development, hardware engineering, software development, machine learning, and support and maintenance. The company appeared on Inc. magazine’s annual 5000 list of the fastest-growing US private companies five years in a row and was certified by Great Places to Work in 2021. It rightfully takes its spot as one of the best IoT companies with a proven track record of excellence.

Key company characteristics:

• Minimal project size – $10,000+
• Average hourly rate – >$200/hr
• Major clients – Mozilla, HP, Vizio

Founding year: 2011

Size of company: 50-99 employees

Location of company: Bozeman, United States

#3 Intent

Intent is an innovative software development company that specializes in conceptualizing, designing, and building applications for connected devices. They act as specialized think partners for products at the intersection of physical and digital, from new to established niche products. With over 10 years of experience, they have a proven track record of building and deploying groundbreaking digital products, and they can quickly assemble and scale project teams from their talented pool of developers, engineers, QA specialists, UI/UX designers, and project managers. Intent’s website is withintent.com 

Intent’s services include:

• Digital product development
• Conceptualization and design
• Mobile app development
• Web development
• Software consulting
• Quality assurance and testing
• User experience design

Key company characteristics:

• Minimal project size – $250,000
• Average hourly rate – $100-$149/hr
• Major clients – Oura, BOSE, McIntosh 

Founding year: 2008

Size of company: 50-249 employees

Location of company: Poland, United States

#4 Softeq

Softeq is a full-cycle software development company that specializes in custom software and hardware engineering solutions for businesses of all sizes. They offer a broad range of services that cover everything from initial concept and strategy development to final product delivery and ongoing maintenance and support. The company website is softeq.com 

Softeq’s services include:

• Custom software development
• Mobile app development
• Web development
• Embedded software and hardware engineering
• UI/UX design
• Cloud computing
• Quality assurance and testing

Key characteristics:

• Minimal project size: $25,000 (source: Clutch)
• Average hourly rate: $50-99 (source: Clutch)
• Major clients: Intel, Nvidia, HP, Omron, and more.

Foundation year: 1997

Company size: 251-500 employees (source: Clutch)

Company location: Houston, TX, USA

#5 Right Information

Right Information is one of the top IoT companies with over two decades of experience. Unlike many other IoT companies that provide resources only, Right Information offers services that span the full cycle of IoT product and service development. The company focuses on the end result and utilizes the latest engineering and data science practices to create some of the best solutions in the field. This is precisely why it is so valued by its past customers and is still rapidly expanding into new markets.

Right Information is a company that partners with brands and startups globally, so it doesn’t matter where your business is located. The company’s experts can provide consultations at the beginning stages of development for clients who don’t have prior experience with IoT. This allows the company’s team to find the best approach to a specific problem the client wants to solve by implementing an IoT solution. Over the years, Right Information has partnered with companies from industries ranging from automotive to biotechnology.

Key company characteristics:

• Minimal project size – $5,000+
• Average hourly rate – $50-$99/hr
• Major clients – Mazda, Iveco, Baks

Founding year: 2001

Size of company: 10-49

Location of company: Wroclaw, Poland

#6 apptomate

apptomate is a highly experienced and established company based in three countries at the same time (USA, Germany, and India). In addition to offering IoT services, the company also works on a wide variety of projects that involve other technologies. You may even have a project that requires a combination of these – AI, machine learning, RPA, DevOps, hybrid mobile apps, enterprise apps, Magento 2 solutions, and more. In other words, it is the ideal company for those who want to develop multiple products or services.

apptomate has a history of working on different e-commerce projects as well as projects that involve cloud applications, digital marketing, and quality assurance and testing among other things. The company also offers consulting services for those who are uncertain about what they need to get developed in their specific situation. First and foremost, apptomate focuses on user experience which enables the company to create IoT products and services that serve the needs of their client’s target audience.

Key company characteristics:

• Minimal project size – $5,000+
• Average hourly rate – $100-$149/hr
• Major clients – Capostille, Match Digital, Profit Enhancer

Founding year: 2009

Size of company: 100-249

Location of company: San Pablo, United States

#7 Intellias

Intellias is an IoT company with many years of experience that has worked with some of the biggest companies in the world such as KIA, LG, Siemens, and HelloFresh. The company partners with startups and businesses across the globe to deliver high-quality end products and services based on the specific needs of each client. The services they offer include digital consulting, engineering, emerging technology, and operations. Similarly to some other IoT companies, they focus on helping businesses make the digital transition.

Because the company has been around for a long time, it has been continuously adopting new practices and adding more services to the ones they already offer. This is why they even offer services for developing blockchain-based solutions. You can also involve other specialists for your project when working with them by hiring professional writers from the writing services reviews site Trust My Paper. Other technologies they work with include cybersecurity, cloud services, DevOps, RPA, experience design, and more. And the industries they focus on are automotive, transportation, finances, agriculture, and media.

Key company characteristics:

• Minimal project size – $50,000+
• Average hourly rate – $30-$49/hr
• Major clients – KIA, Siemens, Nokia

Founding year: 2002

Size of company: 1000+

Location of company: Lviv, Ukraine

#8 iomico

iomico is one of the top IoT companies that works with technologies such as machine learning, edge AI, and computer vision. The company has experience with advanced networks that include Wi-Fi, Bluetooth, Ethernet, GSM, and others. Though the company’s team is not big, they house some of the best professionals that work at every stage of IoT development. They work with clients to create IoT solutions from scratch and guide their customers through the entire process.

The three main areas of focus that iomico operates in are electronics, programming, and industrial design. Within these areas, they develop all kinds of solutions and utilize a wide variety of technologies, including thermal analysis, signal integrity analysis, ASIC engineering, PCB engineering, embedded Android development, media streaming development, image/video processing, and many more. The company’s track record is quite good with many happy clients that keep coming back for more.

Key company characteristics:

• Minimal project size – $10,000+
• Average hourly rate – $50-$99/hr
• Major clients – JT Global, Byte Technology, Stirling

Founding year: 2012

Size of company: 10-49

Location of company: Sunnyvale, United States

#9 10Pearls

10Pearls is an IoT company focused on innovation and creativity. The company’s goal is to anticipate IoT trends in the tech world and enable businesses to adopt the latest technologies to accommodate their needs. 10Pearls develops solutions that include software and applications for mobile and web use as well as offers services in development, user experience, quality assurance, security, and DevOps and SecOps among others. Over the years, the company has firmly established itself as a leader in its field.

10Pearls has been recognized and awarded by the likes of Gartner, Forrester, Inc., and others. In fact, Inc. magazine included it on its 5000 list of fastest-growing US private companies four years in a row. 10Pearls is also notable for working with some of the latest and emerging technologies, including AI, voice and language processing, AR and VR, and chatbots. The company also works with a variety of platforms, including Salesforce, Sitecore, SharePoint, ServiceNow, Micro Focus, and more.

Key company characteristics:

• Minimal project size – $50,000+
• Average hourly rate – $30-$49/hr
• Major clients – PayPal, Johnson & Johnson, Discovery Network

Founding year: 2004

Size of company: 250-999

Location of company: Vienna, United States

#10 Oril

Oril is one of the top IoT companies that closely follows tech and IoT trends to deliver high-quality products and services that are in line with the most recent developments in the industry. While the company is younger than most leaders in the field, it has already worked on quite a few big projects and is rapidly expanding every year. Right now, it specializes in industries such as fintech, health and fitness, and automotive, but it plans to expand to other fields too.

Oril’s main goal is to create impactful solutions for its clients. The company’s team is very diverse and includes professionals from different backgrounds and with different experiences. This enables their specialists to solve client problems with proficiency and efficiency. You can also hire your own writers from the custom writing reviews site Best Essays Education to work with you and Oril’s team on your project. Oril’s services include user experience, product development, and digital transformation along with IoT development. Additionally, they also work on development projects for companies from the PropTech field.

Key company characteristics:

• Minimal project size – $10,000+
• Average hourly rate – $30-$49/hr
• Major clients – Green Vision, SAB, Laced

Founding year: 2015

Size of company: 10-49

Location of company: Brooklyn, United States

#11 ConvrtX

ConvrtX is one of the leading IoT companies working with enterprises and businesses from different industries. The company prioritizes its clients’ brands and helps them build a stronger image through digital solutions. At the same time, ConvrtX is focused on providing high-quality customer service which is why the company is known for its outstanding reputation. Their communication is truly unparalleled and adds to the fact that the company is regularly delivering high-quality solutions that meet its clients’ needs and demands.

In other words, ConvrtX is focused on providing a personalized experience to each business it works with making it ideal for organizations that have unusual or very specific project requirements. After delivering the final product or service, ConvrtX also continues providing support to its clients and even ensuring that they get the latest updates for their solutions. The company’s holistic approach has earned it a number of awards and a good name in the IoT industry.

Key company characteristics:

• Minimal project size – $5,000+
• Average hourly rate – $30-$49/hr
• Major clients – Carter Olive

Founding year: 2015

Size of company: 100-249

Location of company: Toronto, Canada

#12 Pharaoh Soft

Pharaoh Soft is another leader in the IoT field that helps companies of all sizes to transfer their processes to the digital environment and continue operating even more efficiently. The company is known for working on projects that require agility and scalability while also providing high-quality end solutions. Pharaoh Soft is one of the youngest companies on this list, but it has grown rapidly over the years and will likely continue doing so in the nearest future.

Pharaoh Soft offers a wide variety of services related to e-commerce, staff augmentation, business intelligence, product design, mobile app development, and many more. Their past clients range from global companies to small businesses from all kinds of industries. Pharaoh Soft has also received a number of awards and certifications over the years with experts praising the company’s approach to IoT and other technologies they work with.

Key company characteristics:

• Minimal project size – $10,000+
• Average hourly rate – $20-$29/hr
• Major clients – Vodafone, Pannelli, Jumia

Founding year: 2014

Size of company: 10-49

Location of company: Cairo, Egypt

The List of Remaining Top Companies

#13 Cogniteq

#14 AJProTech

#15 Integra Sources

#16 rhipe

#17 Gritstone Technologies

#18 NIX United

#19 Proxi.cloud

#20 Neoito

#21 tecblic

#22 Ficode Technologies

#23 SoluLab

#24 Quality Wolves

#25 HQSoftware

#26 Prompt Softech

#27 Eastern Peak

#28 vCloud Tech

#29 EurecaApps

#30 TechAvidus

#31 Softqube Technologies

#32 Djangostars

#33 BEETSOFT

#34 DO OK

#35 Zehntech Technologies

#36 EMed HealthTech Pvt Ltd

#37 INEXTURE Solutions LLP

#38 Kinetica Systems

#39 XME.digital solutions

#40 ThinkPalm Technologies Pvt Ltd

#41 Oodles AI – AI Development Company

#42 KOMPANIONS

Conclusion

There are many successful IoT companies working all over the world right now. Some of these are fairly young but have already established themselves as leaders in their field. This list of top IoT companies will help you find the right one for your own needs.

We at SumatoSoft provide IoT services of our own and have been helping businesses in different industries to realize their ambitions for 10 years now. Don’t hesitate to check out our portfolio and get in touch with us!

FAQ

Which company is leading in IoT?

There is no one company that is currently leading in IoT. In this article, we presented the top IoT companies from all over the world that are offering a variety of services. Depending on your needs and where you are based, you may prefer one company over the other.

What is the most popular IoT device?

There are different types of IoT devices (e.g. consumer IoT, military IoT, etc.), so the most popular device will vary depending on the category of IoT you are interested in. Some of the most widely used consumer IoT devices are smart home tech (e.g. voice controllers), home security systems, and others.

What are the top IoT companies in Europe?

We listed the top IoT companies worldwide, but when it comes to Europe, the top companies are SumatoSoft, Right Information, Intellias, Cogniteq, Proxi.cloud, Ficode Technologies, HQSoftware, Eastern Peak, EurecaApps, Djangostars, DO OK, and others.