Top Hottest Internet of Things IoT Companies to Watch Out in 2020: List of the Best IoT Startups to Enterprises
IoT has made complete automation possible. The solutions like Smart cities, Smart Home, Smart Factory, and Connected Vehicle are possible only because of IoT.
IoT has differently shaped traditional industries. It is based on ICT (Information and Communication Technology). It has combined both the physical and digital worlds together.
This technology will indeed help in streamlining business processes and thereby boost productivity to a great extent. It will give you the ability to provide better products and services.
IoT can be understood by taking a simple Example of Smart Home. IoT made it possible to make the homes Smart homes where even the lights can be switched on or off using the smartphones. You can watch this quick video on what can be done under IoT
The devices which we have never imagined with the internet, are now connected to the internet and that is IoT. It has given the power to objects to communicate without any human intervention.
Suggested Read => Most Popular IoT Devices That You Should Know
According to the Gartner, 20.4 billion IoT devices will be in use by the year 2020.
The image given below will show you the spending of IoT worldwide and thereby depict the growth of IoT.
Pro Tip: While selecting the company for IoT platform, you should consider the disaster recovery strategies (backup, SLA, KPI) provided by the company for the IoT Platform. Scalability should also be taken into consideration while selecting the company (like IoT endpoints that could be handled by the company for a single customer in a single data center or across all data centers).
The company should be able to provide Future proof IoT platform i.e. vendor or technology agnostic.
What You Will Learn:
- List Of The Best Internet Of Things Companies
- Comparison Of Top IoT Companies
- #1) Vates
- #2) ScienceSoft (USA & Europe)
- #3) Oxagile (New York, US)
- #4) Style Lab IoT Software Company (San Francisco, CA)
- #5) HQ Software Industrial IoT Company (USA & Europe)
- #6) PTC (Boston, Massachusetts)
- #7) Cisco (San Jose, CA)
- #8) ARM IoT Security Company (Cambridge, Cambs)
- #9) Huawei (Shenzhen, Guangdong)
- #10) GE Digital (San Ramon, California)
- #11) Bosch IoT Sensor Company (Farmington Hills, MI)
- #12) SAP (Walldorf, Germany)
- #13) Siemens IoT Analytics Company (Berlin and Munich, Germany)
- #14) IBM (New York, U.S.)
List Of The Best Internet Of Things Companies
Enlisted below are some of the most popular IoT Software Solutions and Services Companies worldwide.
- ScienceSoft (USA & Europe)
- Oxagile (New York, US)
- Style Lab IoT Software Company (San Francisco, CA)
- HQ Software Industrial IoT Company (USA & Europe)
- PTC (Boston, Massachusetts)
- Cisco (San Jose, CA)
- ARM IoT Security Company (Cambridge, Cambs)
- Huawei (Shenzhen, Guangdong)
- GE Digital (San Ramon, California)
- Bosch IoT Sensor Company (Farmington Hills, MI)
- SAP (Walldorf, Germany)
- Siemens IoT Analytics Company (Berlin and Munich, Germany)
- IBM (New York, U.S.)
Comparison Of Top IoT Companies
|IoT companies||IoT Products/services||Headquarter||Founded||Revenue||Employee Count|
|Vates||Systems Integration, Architecture, and Engineering of IoT Projects with Backend Software Development using rapid Prototyping for early results and fewer costly errors.||San Francisco, CA||1991||--||550 Employees|
|ScienceSoft||IoT Application Development, |
IoT Consulting Services
Cloud Applications (user and control apps),
IoT Data Analytics,
Mobile User Applications,
|McKinney, Texas||1989||$20- 25 M||501 to 1000 Employees.|
|Oxagile||IoT Software Development,|
IoT Consulting Services,
IoT Hardware Prototyping and Integration Services,
|New York, US||2005||Around $8 M||350+ Employees|
|R-Style Lab||IoT services for Mobile, Web, Data, and Embedded levels.||San Francisco, CA||2006||--||51 to 200 Employees.|
|HQ Software||High-level development for devices & sensors,|
Data Analysis, UI/UX design web & Mobile App Development.
|USA & Europe||2001||--||50 to 100 Employees.|
|PTC||Industrial IoT-Build, Develop, & Deploy smart connected solutions.||Boston, Massachusetts||1985||More than $1 Billion||5001 to 10000 Employees.|
|Cisco||IoT Networking, IoT Gateways, |
IoT Operations Management,
IoT Data Management,
|San Jose, CA||1984||$49 Billion||More than 10000 Employees.|
|ARM||Connectivity Management, Device Management, & Data Management.||Cambridge, Cambs||1990||$1.6 B||5001-10000 Employees.|
At Vates, our IoT Engineers and Systems Integrators employ high-end prototyping services to ensure your product is market-ready and has an impact on your customers and the bottom line that you want.
For IoT projects, Vates can offer assistance for critical decisions that occur during design and development. Indeed, Defining compatible hardware and prototyping is essential to prevent costly mistakes.
Founded in: 1991
Vates teams are Agile and ISO 9001/90003 certified and consist of:
- IoT Engineers
- Computer Vision Engineers
- Big Data Engineers
- Real-Time Analytic Engineers
- Machine Learning Engineers
- Software Engineers
- Robotics Engineers
Specialty Areas Include:
- End to End IoT Solutions
- IoT Software Development
- IoT System Integrator
- IoT Hardware Knowledge
- Fibaro, Wemo, and AEOtec Sensors and Actuators.
- Z-Wave, WiFi, and Bluetooth Protocols.
- Raspberry, Orange PI, CyberTAN, and Advantech Gateways.
- ESP32 and ESP8266 Micro-controllers and other Objective-Specific Hardware.
- LoRa and Z-Wave Alliances open-source protocols.
Pricing Information: Competitive quote-based pricing. Vates IoT consultants help you to scope your project for estimating.
#2) ScienceSoft (USA & Europe)
ScienceSoft is an IoT services vendor offering IoT application development, IoT analytics, and IoT consulting services.
Founded in: 1989
Revenue: $20 – 25 million
With 8 years of experience in IoT and proven competencies in Cloud solutions, Data analytics, Remote monitoring, and Information security. ScienceSoft designs and develops Industrial IoT, Healthcare IoT, Smart city, Smart home and other types of IoT solutions, covering all components of the IoT Architecture.
#3) Oxagile (New York, US)
Oxagile is a professional IoT company that offers a full range of services including IoT consulting, Software development, Hardware prototyping, Integration, and Continuous enhancement.
Founded in: 2005
Revenue: Around $8 Million
Oxagile leverages its deep tech expertise in Artificial intelligence, Computer vision, Big data, and Cybersecurity to deliver state-of-the-art connected solutions and perfectly-architectured IoT ecosystems.
In Automotive, Healthcare, Manufacturing, Public Safety, Retail industry, they build enterprise-grade IoT solutions for sophisticated industrial equipment, smart gadgets, and next-gen intelligent devices.
#4) Style Lab IoT Software Company (San Francisco, CA)
For your IoT Project, R-Style Lab can provide services for Mobile Applications, Web front-end reporting & analytics, Middleware & Low-level, and backend infrastructure & integration.
Founded in: 2006
R-Style Lab provides the services of custom IoT software development. It has solutions for Smart Home, Industrial IoT, and Healthcare IoT. It is popular for software development services.
Pricing Information: Price depends on the size and complexity of the IoT project. It can cost you from $10000 to $70000 or above.
The Below image will show you the average cost breakdown of IoT Project.
Official URL: R-Style Lab
#5) HQ Software Industrial IoT Company (USA & Europe)
HQ Software offers various services like custom software development, Mobile App Development, Consulting & Prototyping, software re-engineering, etc.
Founded in: 2001
Employees: 50 to 100
For IoT solutions, it provides Industrial IoT, Healthcare IoT, Smart Home, and IoT Automotive. IoT services provided by HQ Software include High-level development of devices & sensors, data analysis, UI/UX Design Web and mobile app development.
Pricing Information: Quote-based pricing model.
Official URL: HQ Software
#6) PTC (Boston, Massachusetts)
PTC provides products for CAD, PLM, Augmented Reality, Industrial IoT, etc. These products are available for different industries like A and Defense, Automotive, Life Sciences, Manufacturing, etc.
Founded in: 1985
Employees: 5001 to 10000
Revenue: More than $1 Billion.
PTC provides the solution of IIoT. These solutions are available for various industries like Automotive, Electronics and High Tech Hardware, Utilities, Software, Medical Devices, etc. It is applicable for Manufacturing, Service, and Operations.
Pricing Information: Quote-based pricing model. It provides subscription options for all software i.e. New Subscription, Renews Subscription, and Trade Up To Subscription.
Official URL: PTC
#7) Cisco (San Jose, CA)
Cisco Systems provides a variety of products and services for Networking, IoT, Mobility & Wireless, Security, Collaboration, Datacenter, etc. It has offices at multiple locations like North America, Europe, Asia Pacific, Africa, etc.
Founded in: 1984
Employees: More than 10000
Revenue: Around $49 Billion
Cisco is well known for designing, manufacturing, and selling the Internet Protocol-based networking products and for the products that are related to communications and IT industry. For IoT, it provides the solutions of IoT Networking, IoT Gateways, IoT Operations Management, IoT Data Management, and IoT Security.
Its products and services can be used in various types of industries like Energy, Education, Financial Services, Cities & Communities, Manufacturing, Retail, Transportation, etc.
Here is an example of the Education field:
Pricing Information: It follows a quote-based pricing model.
Official URL: Cisco
#8) ARM IoT Security Company (Cambridge, Cambs)
ARM provides the products and services for Processor IP, IoT, and Designing & development of software & tools.
Founded in: 1990
Revenue: $1.6 B
ARM Company is well known for making 32-bit and 64-bit RISC multi-core processors. For IoT, it provides a Device-to-Data Platform for connectivity management, device management, and data management. It also provides device products like Mbed OS, SoC Solutions, and Kigen SIM Solutions.
The company provides solutions for AI, IoT, and Security to a variety of industries like Automotive, Retail, Logistics, Healthcare, Infrastructure, etc.
Pricing Information: Mbed OS is a free and open-source one. There are three plans for commercial support, i.e. Community (Free), Business ($36000 per year), and Enterprise (Get a quote).
Official URL: ARM
#9) Huawei (Shenzhen, Guangdong)
Huawei is a multinational company that provides telecom equipment, consumer electronics, and networking equipment.
Founded in: 1987
Employees: More than 10000
Revenue: Around $107 Billion
Huawei is well known for its phones, tablets, and laptops. For IoT, it provides smart water solutions, AMI Smart Meter Reading, Shared Bike Lock, Smoke Detection Smart Building, Smart Factory, eLTE Gas Detection, Elevators, Smart Parking, Smart Gas, etc.
Pricing Information: Huawei offers IoT solutions like Connected Car, Public Utilities, and Predictive Maintenance. It provides services like IoT Platform (Free trial available), Machine Learning Service (Yen 0.53 per hour), and Cloud Stream Service (SPU unit Price Yen 0.50 per hour).
Huawei Cloud can be experienced for free by creating an account. It also provides the option of a 5-day full refund.
Official URL: Huawei
#10) GE Digital (San Ramon, California)
GE Digital offers Implementation services, support services, Industrial managed services, Education services, Data Science Services, etc. It provides the IIOT Platform.
Founded in: 2011
Employees: More than 10000
Revenue: $4 Billion.
GE Digital provides the services of software and advisory. It has industrial apps like Predix Asset Performance Management, Predix Manufacturing Execution Systems, Predix Operations Performance Management, etc.
GE Digital provides its products and services to industries like food and beverage, automotive, chemicals, steel manufacturing, semiconductor, pulp & paper manufacturing, water or wastewater, etc.
|Predix Enterprise Connect||$499 per month ($0.10 per GB data transfer)|
|Predix Edge Manager||Tier1 ($25 for 1 to 100), Tier2 ($15 for 101 to 1000), For Tier3 (Get a quote)|
|Predix AppHub||$1.00 per 1000 proxy requests.|
|Predix Workflow||Tier1 ($0.100 for less than 500 workflows executed), Tier2 ($0.095 for 501 to 1000 workflows executed), Tier3 ($0.090 for 1001 to 5000 workflows executed), Tier4 ($0.086 for 5001 to 10000 workflows executed), Tier 5 ($0.081 for more than 10001 workflows executed)|
Official URL: GE Digital
#11) Bosch IoT Sensor Company (Farmington Hills, MI)
Bosch provides the products and services for Drive and Control Technology, Packaging Technology, Power tools for Professionals, Security Solutions, and Software Solutions.
Founded in: 1906
Employees: More than 10000
Revenue: 78 Billion Euro
Bosch provides the IoT Suite for connecting and managing devices, sensors, and gateways. It provides secure access management. It also provides an open IoT platform for all domains
Pricing Information: Bosch IoT Suite price starts at 2500 Euros excl. VAT.
Official URL: Bosch
Also Read => Best IoT Platforms To Be Aware of
#12) SAP (Walldorf, Germany)
SAP provides a variety of products like Digital Platform, Intelligent Technologies, Analytics, CRM and Customer Experience, etc.
Founded in: 1972
Employees: More than 10000
Revenue: 24 Billion Euro
SAP provides services to industries like Energy & Natural Resources, Finance, Consumer Industries, Discrete Industries, and Public services. SAP has SAP Leonardo IoT, SAP Edge Services, and SAP Cloud Platform.
Pricing Information: Price for the cloud IoT platform will be based on the devices in blocks of 100. It will start at Euro 250 per month. The price will get reduced as the number of devices increase.
Official URL: SAP
#13) Siemens IoT Analytics Company (Berlin and Munich, Germany)
Siemens is one of the popular organizations that provide the systems for power generation, transmission, and medical diagnosis.
Founded in: 1847
Employees: More than 10000
Revenue: 83 Billion Euro
Siemens provides an open IoT operating system i.e. MindSphere. For Industrial IoT solutions it provides an intelligent gateway. Siemens is well known for providing products, solutions, and services for building and operating microgrids.
Siemens works for industries, healthcare, energy, and infrastructure & Cities, Manufacturing, Digitalization, Financial Services, etc.
Pricing Information: For MindSphere, Siemens provides MindConnect Nano, MindConnect Edge Analytics Engineer, MindConnect IoT Extension Upgrade, and MindConnect Integration for Cloud.
It offers two connectors i.e. MindAccess IoT Value Plan for Users and MindAccess DevOps Plan for developers and operators. You can get a quote for these connectors.
It offers three upgrade plans i.e. Fleet Manager Rules Upgrade ($236 per month), Analytics Services Upgrade ($1062 per month), and Backing Services Upgrade ($472 per month).
Official URL: Siemens
#14) IBM (New York, U.S.)
IBM is a leading company in producing and selling computer hardware, middleware, and software. It also provides the services of hosting and consulting for different areas like mainframes computers to nanotechnology.
Founded in: 1911
Employees: More than 10000
Revenue: $79 Billion
IBM provides the IoT solutions of IoT Platform, Watson IoT, Enterprise Asset Management, Facilities Management, and Systems Engineering. It provides services to Finance, Banking, Retail, Government, Telecom, Media, Entertainment, etc. IBM is well known for providing computer hardware, middleware, and software.
Pricing Information: The price for Watson IoT Platform starts at $800 per instance per month.
Official URL: IBM
Recommended Reading => Top 10 Most Powerful IoT Examples
To conclude this article on IoT Companies, we can say that R-Style Lab and HQ Software provide IoT solutions like Smart Home, Industrial IoT, and Healthcare IoT. Cisco has many IoT solutions like IoT security, IoT Networking, etc.
ARM is good for processors. It provides an IoT solution for connectivity management, device management, and data management. Huawei provides multiple solutions for IoT like smart water solutions and smoke detection. PTC and GE Digital provide an IoT platform.
Bosch’s IoT Suite is an open IoT platform for all business domains. MindSphere is an Open IoT OS by Siemens. Watson IoT is a popular IoT solution by IBM.
Hope you enjoyed this informative article on the list of the top IoT Service providers!!