IoT Software Development Companies
A growing number of businesses are integrating IoT solutions into their routine daily operations. Industry leaders have seen the value that top IoT companies provide years ago but the rest of the world is quickly catching up.
Even though the global semiconductor chip shortage and the pandemic have slowed the growth of the IoT market, that hasn’t stopped it. The market still grew by 8% in 2021 according to the latest data, to an estimated 12.2 billion connected devices, and is expected to grow to 27 billion connected devices by 2025.
In fact, it is predicted that by 2030, 75% of all devices will be IoT devices (as a side note, 2020 was the first time that IoT devices outnumbered non-IoT devices, at a ratio of 54.2% to 45.8%). So it’s safe to say that IoT is both the present and the future.
Which brings us to a practical challenge – how can you find an IoT vendor that can provide the services you need and help bring your business to the next level? We’re here to help. Below, you will find a curated list of the 16 best IoT companies in 2023.
One of them is bound to offer the IoT solutions your organization requires. But before we get to that, let’s quickly go over how the top IoT companies were selected.
How Does The GSC Ranking Algorithm Works
We conduct an in-depth investigation into the available software development companies operating within a given region. This helps us gather an exhaustive list of potential companies to evaluate.
Utilizing a combination of third-party tools, online resources, and client feedback, we apply our proprietary algorithm to screen the software development companies and select the most capable and trustworthy ones in each country.
Our ranking algorithm determines the top 15 software development companies based on experience, expertise, reputation, and customer feedback. Only the top-ranked companies are presented to guarantee the best options for clients.
Best IoT Software Companies in 2023
What Is Included in IoT Services?
The Internet of Things encompasses all digital or mechanical devices that are able to connect to each other and transfer data over a network. The thing in the Internet of Things can be anything from a smartwatch, to a dog with a biochip, to a car with sensors that can connect to other devices. Consequently, the scope of IoT services is vast.
Any business or organization that has a need for devices that can transfer data over a network may utilize IoT services. Here is an example of how the Danish Heart Association utilized IoT to solve a problem it had with defective defibrillators and here is how an Australian farmer lowered water usage by utilizing IoT-based irrigation.
Thus, the application for IoT services is uncountable, if only you can find an IoT vendor that can effectively implement your ideas. Which is what will be discussed below – how to find the best IoT company that can provide the services you need.
8 Tips to Choose the Best IoT Vendor
We’ll expand on each point below, but to make it short and sweet, here are the 8 things you should consider when looking for the best IoT company for your project:
- Comprehensive solutions
- Data integration
Now, let’s take a closer look at each point.
1. Filter by Reputation
Because there are many companies that provide IoT services, your first step should be to make a longlist of companies that can feasibly complete your project successfully. Once you have your longlist, you can start researching each individual company in depth. So how can you make such a list?
Find 15-20 IoT companies that have the best reputations. Go to independent review platforms and look for ratings and reviews. Good independent review platforms take care to filter out any untruthful comments, regardless if they are positive or negative.
However, as there is an abundance of IoT companies, this filtering process can take a lot of time. But that’s where we can help. The companies on our list are the top IoT companies in 2023, so you can use it as the basis for your search.
2. Search for Niche Experience
Your best bet is to find an IoT service provider with experience in your niche. Every industry has a different set of requirements for effective hardware and connectivity and a company with the right experience will be able to propose effective solutions to your problems. Now, how do you find out what kind of experience a company has?
Read their portfolios. Portfolios include and explain prior projects a company has successfully completed. If you find they’ve worked on projects comparable to yours or in your niche, that company should go on your shortlist.
If a company doesn’t have a readily available portfolio, look for case studies. They serve the same purpose, only of a limited scope. In case you can’t find case studies either, you can always contact a company representative and ask them to make a presentation regarding their previous projects.
Whatever the case may be, you are looking for demonstrable experience in your niche.
3. Look for End-to-End Solutions
IoT services can include hardware, device management, data storage, connectivity, integration, etc. You will likely need a combination of these services to get to your end IoT solution. However, here’s the catch – not every IoT vendor provides all the services you require.
You always have the option of hiring multiple IoT technology providers. In some cases, that’s a viable option. But your best bet is to find a single IoT partner that can provide you with end-to-end solutions. A top IoT company should be able to integrate all of these interconnected services into a single package and resolve any pain points you have.
4. Think Scalability
Then, always consider the scalability of your IoT solution. Most IoT projects start with a pilot, but your IoT provider should have a clear plan of how your project can scale as time goes on. The number of connected devices is constantly growing, so your vendor needs to have the necessary infrastructure to scale, be it regarding cloud services, hardware, connectivity, or anything else.
5. And Data Integration
The data that IoT devices gather needs to be transferred to your platform effectively in order for you to have any value. So talk with potential partners about how they plan to transfer the gathered data from the Cloud to your platform.
6. Don’t Forget About IoT Security
An IoT platform is a software product that manages connected devices. Those platforms often provide Cloud solutions for data storage and transfer. And where data storage and transfer exist, so does the threat of cyberattacks.
So talk with potential IoT vendors about the security protocols and measures they plan to implement. And again, any planned security measures need to account for scalability. As the number of devices and users grows, so does the chance of a breach. The top IoT companies should have clear plans to scale your security measures as your IoT solution grows.
7. The Price
You can expect the best IoT companies to charge higher rates than less accomplished ones. At the end of the day, you know your budget and how much you are willing to spend, so we can’t say much except one thing – think cost-effectiveness and not pure cost. If the end IoT solution you get doesn’t do the job you need, you’re worse off than if you paid more for a product that serves its purpose.
8. Finally, IoT Support
Some IoT vendors provide comprehensive support, while others are mostly done once they’ve delivered your solution. It’s up to you to estimate how much support your team will need after deployment and find a partner that can meet your needs. Don’t forget that the up-front cost you pay for an IoT solution is not the only expense you have – you also need to consider the cost of support.
If You Require Additional Services
We hope our list of the 16 best IoT companies and our guide on how to select the best one for you has helped you in the search for a vendor. If you need other specialized services that will be complementary to your IoT solutions, check out our other lists.
We create and regularly curate lists of the best global companies from many subfields – from custom software development, through product design, to cybersecurity. So give them a read and find the IT solutions your business needs.
Frequently Asked Question
The cost of hiring a software development company largely depends on the company’s quality, technology and reputation. Nevertheless, they tend to range between $40 and $100 USD per hour.
Software development outsourcing is contracting an outside company to assist in the development of software or completely taking over the development process.
Outsourcing software development has the following primary benefits:
- Lower costs;
- Access to a larger pool of skilled developers;
- Speedy execution of software projects.
Software development outsourcing is typically done in 6 stages:
- Defining the scope and requirements of a project;
- Finding an outsourcing partner;
- Selecting the most appropriate outsourcing model;
Based on the relationship the client company and the outsourcing partner will have, there are 3 relationship-based outsourcing models:
- Staff augmentation - when the client company leases developers from the outsourcing partner for in-house projects to fill a skill gap in their internal team.
- Dedicated teams - when a client company hires a dedicated team from the outsourcing partner for a defined scope of work. The dedicated team may or may not work with the in-house team. The dedicated team reports to someone in a managerial position from the client company.
- Project-based - when a client company hires an outsourcing partner to complete an entire project, with the responsibility for the completion of the project resting on the outsourcing partner. The outsourcing partner forms the team(s), does the planning, and is responsible for all project management responsibilities.
Software development companies are businesses that design, develop, build, and maintain applications, frameworks, and other software technology.
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