The growth of the internet of things is remarkable and can be seen in every domain. The future is all about AI and IOT. According to Intel, a worldwide corporation and technology company, by the end of this year, there will be over 200 billion connected gadgets. With this number, we can analyze how rapidly the development of IoT applications is going on.

The latest market statistics say that the future of IoT applications is going to transform the way we live. According to Allied Market Research, the global IoT market was worth $740.47 billion in 2020 and is expected to reach $4,421.62 billion by 2030, rising at a 19.67% CAGR from 2021 to 2030. Do you see how quickly development is happening?

What is IoT?

The “Internet of Things” is a concept that refers to the network of objects equipped with sensors that enable them to ‘communicate’ with each other and with the environment over the internet. Any device, such as a computer, mobile device, car, etc., is able to exchange data in real-time with the help of this technology.

Nowadays, there are a variety of companies on the market that are developing innovative IoT applications, making it possible for every industry to use the “Internet of Things.”. Every big and small firm is developing IoT devices, aiming to promote a more “autonomous future“.

How to Choose the Right IoT App Development Company?

Choosing the right IoT application development company is an important decision that can impact your business’s growth. According to reports, you might be surprised to discover that over 70% of IoT projects fail. IoT app development projects are complex, and before choosing the right company, you should have a proper understanding of the criteria for selecting an IoT app development company.

This process involves the careful evaluation of each of the criteria listed below. From aligning your project goals to post-launch services, each service can impact the quality of the IoT application.

Here are some well-defined criteria that will guide you in making a good decision when selecting an IoT app development company.

  • Experience 

Experience is one of the most important criteria, as this will tell you the level of professionalism in their skills. You should always go with a company that has successfully completed a good number of projects. This ensures that they easily understand the requirements of the users.

  • Reviews and References

Research before investing. Always read the online reviews and ask for references from past clients. The reviews tell you a lot about the company’s nature, work ethics, successful project launches, etc. Analyze these valuable insights carefully.

  • Technology Trends

Examine their technology trends, which programming languages they use, and which IoT platforms and frameworks they are comfortable with, and check whether these technologies and frameworks will be useful for your project requirements or not.

  • Security Measures

Ask them about security measures like which encryption techniques they use, how well the user data will be protected, and what steps they take to provide a high-level secure interface. These questions play an important part, as this will tell you whether or not they can handle the complexity of your project.

  • Third-party integration 

If your project involves the use of third-party integrations, then you should ask the company how much experience they have in integrating a variety of IoT devices and sensors. As it is a crucial component of an IoT application.

Top 10 IoT App Development Companies

According to Eurostat, in 2021, over a quarter (26%) of small businesses used IoT services, whereas large businesses used it nearly twice as frequently (48%). Nearly two out of every five (37%) medium-sized businesses used IoT. This states that every business, irrespective of its size, is shifting to IoT to grow their business.

Here are some top “app development companies” that are known for their expertise and have proven their capabilities in ‘developing’, ‘designing’, and ‘deploying’ solutions for interconnected devices in a way that enhances the user experience




Agicent Technologies is a renowned app development company with over ten years of experience. They create web and mobile applications for clients all over the world. Agicent’s skilled developers create and develop advanced full stack apps in iOS, Android, or HTML5 for mobile, tablets, and wearables. 

Agicent Technologies’ clients include large multinational corporations such as TCS, NEC, and Panasonic, indicating the company’s reputation. This company provides a variety of services to its users, ranging from full-stack app development to on-demand staffing.

Agicent Technologies has a talented workforce of over 200 professionals that have completed over 1000 successful projects. Agicent has proven its excellence over the years by delivering a variety of services to its users, including the following: 

  • Provides IoT app development for a wide range of domains including home automation, industrial automation, smart wearables, health care, and so on.
  • Provides you with a remote developer with the appropriate skill set and experience on an hourly basis starting at $20 (depending on the level of expertise you require).
  • They carry out the development process and concentrate on the main functionalities that address the problem being addressed.
  • They also offer strategic advice on how to introduce your product to the market, develop anticipation, and attract early users.
  • Headquarters: Atlanta, United States
  • Year Founded: 2010
  • Number of Employees: 200+
  • Services: Mobile app development, web development, Artificial Intelligence, cloud computing




Matellio is a leading software engineering studio with more than 10+ years of experience that delivers end-to-end consulting and digital transformation services to startups, SMEs, and Fortune 500 companies globally. The company has years-long experience in transforming ordinary objects into intelligent devices using IoT technology. Their experts understand the intricacies of IoT systems, ensuring seamless integration and secure communication. From smart homes and wearables to industrial IoT solutions, the company delivers end-to-end IoT development services and solutions tailored to meet modern business needs.

With years of experience, Matellio has successfully implemented IoT solutions across various sectors, enabling businesses to innovate and thrive in the digital age. Companies like Clutch and Goodfirm have recognized their efforts in delivering top-notch services across web, app, AI, and IoT development fields. The company is headquartered at San Jose, USA, with offices around Seattle, Denver, and India.

Headquarters: San Jose, California, USA
Year Founded: 2014
Revenue: 6M
Number of Employees: 250+
Services: IOT, AI/ML, Devops, Software & Mobile Development





With deep IoT expertise and a custom approach for each client, Orangesoft has gained the top spot in this list of companies specializing in IoT digital solutions. The company boasts over 12 years of experience and has over 300 success stories in its portfolio. As an IoT development partner, Orangesoft offers a wide spectrum of services, including custom web and mobile development, hardware and firmware development, testing, and more. 

Orangesoft’s expertise spans a variety of IoT domains, with healthcare, logistics, agriculture, consumer IoT, and smart homes being chief among them. As an all-in-one IoT development partner, Orangesoft helps companies forge ahead with IoT and tackle the largest industry challenges, whether it’s security, connectivity, or compliance.

The company augments its IoT knowledge with complementary tech expertise such as artificial intelligence and Big data analytics to help companies make sense of the sensor data and unlock innovative solutions to conventional problems. 

  • Headquarters: San Francisco, CA
  • Year Founded: 2011
  • Revenue: $5.3 Million
  • Number of Employees: 100+
  • Services: consumer IoT, smart home solutions, IoT apps for agriculture, the Internet of Medical Things, connected logistics and supply chains.





Based in Warsaw, Poland, Innowise is a well-known IT consulting and software development company that specializes in offering specialized software development teams to both IT and non-IT companies worldwide. Delivering specialized digital solutions with the newest technology trends is our main goal. With a staff of more than 1700 skilled workers and over 17 years of expertise in the field, we are dedicated to developing and revolutionizing business procedures.

Innowise leverages the experience of IT professionals from the Baltic and Central and Eastern European areas. Deep expertise in several different technologies, including React, Angular, JavaScript, Node.js,.NET, Python, and PHP, is shared by our team. We provide services for many different sectors, such as Healthcare, Banking, eCommerce, Telecom, and Real Estate. We are also experts in technology fields including cloud computing, DevOps, Big Data, AI/ML, AR/VR, and IoT development services. Our all-encompassing strategy guarantees the creation of cutting-edge software solutions that are scalable and efficient.

  • Headquarters: 2B rondo DaszyńskiegoWarszawa, Poland 00-843
  • Year Founded: 2007
  • Revenue: 47,159,354.00€
  • Number of Employees: 1700+
  • Services: AI/ML, AR/VR/MR, IoT software development, IoT system integration, app development, robotics and automation, blockchain, computer vision software





Siemens AG is the top global firm in Europe. Siemens has developed into one of the “world’s largest industrial manufacturing companies”. It was founded in 1847, and gradually Siemens is operating in various sectors, including energy, healthcare, automation, digital services, etc.

In the world of the Internet of Things, Siemens focuses on various services ranging from “connectivity to automation”. They aim to improve efficiency, enhance predictive nature, and enable smart and quick decision-making. The Siemens IoT platform, named “MindSphere“, offers a cloud-based ecosystem that promotes data collection and application development. 

  • Headquarters: Germany 
  • Year Founded: 1847
  • Revenue: More than $30 billion
  • Number of Employees: 311,000
  • Services: industrial automation, building technology, financial services, medical technology, mobility solutions, software automation, etc.





Established in 2010, GoFleet has been at the forefront of GPS fleet tracking and fleet management, leveraging advanced IoT technologies. Trusted globally in over 3.5 million vehicles, our cloud-based platform integrates AI and advanced driver-assistance systems to enhance fleet safety and efficiency.

Their comprehensive solutions extend from real-time GPS tracking to detailed asset and cold chain monitoring, ensuring operational efficiency and adherence to quality standards. With a focus on innovation and customer-centric service, GoFleet is dedicated to delivering tailored solutions that address the unique challenges of each business.

Headquartered in Manhattan, New York, with offices in Mississauga and Dubai, GoFleet continues to lead in the IoT-driven transformation of fleet management.




Samsara is a well-known IoT service provider. “Samsara” provides solutions for fleet management, wireless connectivity between devices, industrial operations within organizations, etc. It was founded in “2015”. They offer help to increase the safety and sustainability of organizational operations.

Their main focus is on providing the best IoT solutions with their user-friendly platform, which has a wide range of applications that promote sustainable solutions across various industries.

  • Headquarters: San Francisco
  • Year Founded: 2015
  • Revenue: $483.3 Million
  • Number of Employees: 5000+
  • Services: fleet management, construction and field services, equipment, site buildings





Softeq’s main office is located in ‘Houston’. They also have a delivery center in ‘Germany’ and a development center in ‘Minsk’. They offer a range of services related to hardware, web, mobile, IoT, etc. They have worked with many big “MNCs, such as Microsoft, HP, Verizon, Lenovo, etc. From smart home gadgets to industrial automation solutions, their services are very easy to use. The company was started in ‘1997’ and has “26 years of total experience”. Their team consists of highly competent engineers and developers who use modern technologies to bring your ideas to life.

  • Headquarters: Houston, United States
  • Year Founded: 1997
  • Revenue: $14.1 Million
  • Number of Employees: 500+
  • Services: IoT, industrial automation and robotics, AR/VR/MR, blockchain, AI/ML, computer vision software





Vates provides IoT and software development services. They have “agile-certified experts” and “30 years of software delivery experience”. Vates an IoT app development company offers effective IT solutions that can promote your business’s success.

This company focuses on taking valuable insights from real-time data, which aids in better decision-making. “Vates” uses cloud platforms, which help by providing more scalability and data storage, along with remote access to the applications. In healthcare, smart city devices, and data analytics, Vates provides a wide range of services to their customers.

  • Headquarters: Aventura, Florida
  • Year Founded: 1991
  • Revenue: $125.5 Million
  • Number of Employees: 500+
  • Services: IoT software development, IoT system integration, application development, etc.





Lanars is a mobile app technology company. They provide hardware and software development solutions for industry. “Lanars” use cutting-edge approaches to deliver technically innovative digital services. It has “8 years of experience” in this industry and has a huge market.

Lanars has received numerous honors over the years, including Clutch’s Top IoT Developer and Top App Developer, Goodfirms’ Top IoT Development Company, and others. Lanars distinguishes itself with its dedication to detail, focused on user design, and efficient development process. This strategy ensures that each product not only fits client standards but also communicates with the target audience.

  • Headquarters: San Francisco
  • Year Founded: 2016
  • Revenue: $15.9 Million
  • Number of Employees: 250+
  • Services: mobile app development, web app development, enterprise software, etc.





Verizon provides transformative IoT solutions, from fleet management to smart cities. It is one of the most “well-known global companies.” It has long been a leading name in IoT and is still expanding its new services, such as “mobile edge computing”. Their aim is to supply a reliable network that fits the user’s requirements.

Verizon’s revenue in 2021 was $133.6 billion. The company provides voice, data, and video services and solutions on its award-winning networks and platforms, meeting customers’ demands for mobility, reliable network connectivity, security, and control.

  • Headquarters: Delaware, United States
  • Year founded: 1983
  • Revenue: $133.6 Billion
  • Number of Employees: 10,000+
  • Services: IoT Marketplace, IoT for Small Business, Connected Commerce, Connected Fleet, and Field Services





Oxagile is a reputable company that provides software development services, hardware prototypes, and the integration of cloud services. They use the latest technology trends and unique ideas to ensure that your product matches your needs. Their expertise is in various IoT domains such as IoT, smart homes, health care, and more. With “17 years of industry experience” and “450+ happy clients”, Oxagile is growing rapidly in the market.

Their expertise in various IoT domains such as IoT, smart homes, health care, and data-driven solutions helps both businesses and people all over the world perform more effectively and achieve greater results. Oxagile has over 450 satisfied customers and 17 years of experience. It was founded in 2005 and has grown from a promising technology startup to a mature software vendor with over one billion users. Oxagile is an ISO 27001-certified organization, demonstrating the highest corporate security requirements.

  • Headquarters: New York, US
  • Year Founded: 2005
  • Revenue: $18.0 Million
  • Number of Employees: 350+
  • Services: end-to-end logistic solutions, connected warehousing, solid computer vision expertise, software development, etc.





PTC is a widely recognized provider of IoT services that offers a customer-friendly solution that helps industries manage digital requirements. “Parametric Technology Corporation” is a full form of PTC. It is a software company that focuses on product design, production, and industrial operations. PTC offers “Product life cycle management software” that enables other companies to manage their product lifecycle. Engineers and designers can use “PTC’s CAD software” to generate detailed 3D models of their products.

The strategy of PTC is centered on seamless cooperation, rapid development, and careful quality assurance, ensuring that each product precisely corresponds with the client’s vision and business objectives.PTC helps organizations quickly achieve market entry while creating a competitive edge by focusing on innovative technology and scalable solutions, all while delivering maximum value to their target audience.

  • Headquarters: Boston, Massachusetts
  • Year founded: 1985
  • Revenue: $2.058 Billion
  • Number of Employees: 7000+
  • Services: AR assistance, service life cycle management, and developing and deploying IoT solutions





IBM is a leading company in providing hosting services in different areas, such as mainframe technology. IBM develops solutions related to your industry across various sectors involving healthcare, finance, etc. They mainly focus on “hybrid cloud solutions” to manage and deploy applications easily. IBM is also known as one of the leaders in “Quantum computation research and development.” IBM provides cybersecurity solutions to businesses. IBM offers cybersecurity solutions to organizations.

  • Headquarters: Armonk, New York
  • Year Founded: 1911
  • Revenue: $60.525 Billion
  • Number of Employees: 10,000+
  • Services: computer hardware, middleware, and software; enterprise asset management; and many more.





Cisco focuses on innovation in software development, networking, and wireless digital solutions. “Cisco” has a workforce of experienced and professional IoT developers. They promote to their consumers “end-to-end services” such as app development, IoT solutions, AI, and so on.

Cisco has a market-leading portfolio of technological advances. Networking, security, collaboration, cloud management, and more services are available. Cisco has been named one of the world’s best workplaces twelve years in a row and was also awarded one of the top corporations in the United States in 2023. Cisco’s methodology focuses on improving customer experience, continuous improvement, and easy integration, resulting in IoT applications that perfectly connect with the client’s goals and market demands.

  • Headquarters: San Jose, CA
  • Year founded: 1984
  • Revenue: $54.897 Billion
  • Number of Employees: 10,000+
  • Services: networking solutions, gateways, IoT operations, IoT security, IoT utilities, etc.


Frequently Asked Questions

There are many benefits to IoT app development, including:

  • With the help of IoT applications, you can remotely control and monitor the devices.
  • IoT applications help you with real-time data, which can be used to make informed decisions and optimize the process.
  • IoT applications reduce manual work and make everything automatic.
  • It can predict the maintenance requirements of the machine.
  • It enhances safety by alerting the users about the danger.

IoT app development can cost you around $15,000 to $80,000. There are many factors that affect the cost of the development, such as the type of platform, level of security, complexity of the project, integration, and third-party services. For a better result, you should always consult the IoT app developer or an IoT application development company professional; they will provide you with better insights into the development cost.

The IoT application development process can take up to 12–24 months, depending on the complexity of your product. The development process can take more time if the company you have chosen is following the wrong approach or using the wrong tools. However, if the top company professionals are developing your application, then within one year your application will be completed.

Here are some points that you should keep in mind when selecting a top IoT app development company:

  • Always research before you invest. See the reviews online, past clients of the company, recommendations, experience, number of successful projects, etc.
  • Ask them about the IoT platforms and tools with which they are familiar.
  • Make sure that the company is always ready to integrate the customized solution as per your requirements.
  • Ask them about their security measures and which techniques they use.
  • Ask for client references, as this will help you get a personalized review.

Sudeep Bhatnagar
Co-founder & Director of Business
Sudeep Bhatnagar

Talk to our experts who have been running successful Digital Product Development (Apps, Web Apps), Offshore Team Operations, and Hardcore Software Development Campaigns. During the discovery session, we'll explore the opportunities and Scope of the work and provide you an expert consulting on the right options to achieve the outcomes.

Be it a new App Development project, or creation of an offshore developers team, or digitalization of your existing market offerings - You'll get the best advise and service and pricing. We are excited to speak to you!

Book a Call

Let’s Create Big Stories Together!

Mobile is in our nerves. We don’t just build apps, we create brands.

Choosing us will be your best decision.

Relevant Blog Posts