TOP 11 Best Internet Of Things (IoT) Companies To Watch In 2022

Top Hottest Internet of Things IoT Companies to Watch Out in 2022: 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 companies

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 Gartner, 20.4 billion IoT devices will be in use by 2022.

The image given below will show you the spending of IoT worldwide and thereby depict the growth of IoT.

Stats on spending of IoT worldwide

[image source]

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.

=>> Contact us to suggest a listing here.

List of Best Internet Of Things Companies

Enlisted below are some of the most popular IoT Software Solutions and Services Companies worldwide.

  1. ScienceSoft (USA & Europe)
  2. iTechArt (New York, US)
  3. Oxagile (New York, US)
  4. Indium Software (USA, UK, Singapore)
  5. Softeq (Houston, Texas, USA)
  6. Style Lab IoT Software Company (San Francisco, CA)
  7. HQ Software Industrial IoT Company (USA & Europe)
  8. PTC (Boston, Massachusetts)
  9. Cisco (San Jose, CA)
  10. ARM IoT Security Company (Cambridge, Cambs)
  11. Huawei (Shenzhen, Guangdong)
  12. GE Digital (San Ramon, California)
  13. Bosch IoT Sensor Company (Farmington Hills, MI)
  14. SAP (Walldorf, Germany)
  15. Siemens IoT Analytics Company (Berlin and Munich, Germany)
  16. IBM (New York, U.S.)

Comparison of Top IoT Companies

IoT companiesIoT Products/servicesHeadquartersFoundedRevenueEmployee Count

ScienceSoft Logo
IoT consulting, IoT development, IoT analytics, Managed IoT services, Internet of Medical Things (IoMT), Industrial IoT (IIoT), smart cities, smart supply chain and fleet management, retail IoT, smart connected products.McKinney, Texas, USA1989$25 Million700+ Employees

iTechArt Logo
IoT application development,
API deployment,
3rd-party integration,
Connectivity with wearables,
IoT gateway development,
Data analytics.
New York, USA2002--1800+ Employees

Oxagile Logo
IoT Software Development,
IoT Consulting Services,
IoT Hardware Prototyping and Integration Services,
Industrial IoT.
New York, US2005Around $8 M 350+ Employees
Indium Software

Indium Software
IoT Analytics Services, IoT Testing Services.Cupertino, California, USA.
1999$25 to $50 Million (USD)1001-5000 employees

Softeq logo
IoT solutions,
IoT Application Development,
IoT Hardware Prototyping.
Houston, Texas, USA.1997--300+ Employees
R-Style Lab

IoT services for Mobile, Web, Data, and Embedded levels.San Francisco, CA2006--51 to 200 Employees.
HQ Software

High-level development for devices & sensors,
Data Analysis, UI/UX design web & Mobile App Development.
USA & Europe2001--50 to 100 Employees.

Industrial IoT-Build, Develop, & Deploy smart connected solutions.Boston, Massachusetts1985More than $1 Billion5001 to 10000 Employees.

IoT Networking, IoT Gateways,
IoT Operations Management,
IoT Data Management,
IoT Security.
San Jose, CA1984$49 BillionMore than 10000 Employees.

Connectivity Management, Device Management, & Data Management.Cambridge, Cambs1990$1.6 B5001-10000 Employees.

Let’s start!!

#1) ScienceSoft (USA & Europe)

ScienceSoft provides comprehensive IoT services for manufacturing, healthcare, retail, transportation, oil & gas, telecoms, and other domains since 2011.


Founded in: 1989
Employees: 700+
Locations: McKinney, Texas, US; Vantaa, Finland; Fujairah, UAE.
Revenue: $25 Million
Clients: T-Mobile, Nestle, IBM, NASA JPL, eBay, Tieto, Ford, Rakuten Viber.

ScienceSoft designs and builds secure and scalable IoT software, including solutions for the Internet of Medical Things (IoMT), Industrial IoT (IIoT), smart cities, fleet management, smart connected products, and more.

Among specialized IoT services, ScienceSoft offers:

  • IoT consulting: Strategic IoT planning, architecture design, and tech stack selection.
  • IoT development: Covering device/sensor connectivity, sensor and smart devices data streaming, storage, and analysis, IoT control applications, and user apps development.
  • IoT analytics services (including IoT analytics as a service): End-to-end IoT analytics solution development and maintenance and a subscription-based IoT analytics service to acquire IoT insights with no need to implement an analytics solution.
  • Managed IoT services: Technical support and troubleshooting, cloud and security management, IoT solution evolution.

ScienceSoft has 8 Microsoft Gold competencies, including Cloud Platform, Data Platform, Data Analytics, Datacenter, and Application Development, and is an authorized AWS Solution Provider. ScienceSoft holds ISO 9001 (Quality management system), ISO 13485 (Quality management system for medical devices and Software as a Medical Device), and ISO 27001 (Information security management system) certifications.

#2) iTechArt (New York, US)

iTechArt Group is a custom software development company with a heavy focus on delivering feature-rich and secure IoT solutions for startups and fast-growing tech companies. From GPS tracking to building smart secure home solutions, the iTechArt team steps in as a go-to partner for businesses willing to build fully integrated IoT solutions.

With more than 1,800 talented engineers, iTechArt is experienced at building IoT apps, gateways, data analytics, and 3-rd party integrations.

iTechArt IoT

Founded: 2002
Employees: 1800+


  • IoT application development
  • API deployment
  • 3rd-party integration
  • Connectivity with wearables
  • IoT gateway development
  • Data analytics

#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
Employees: 350+

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) Indium Software (USA, UK, Singapore)

IoT- Indium Software

Indium Software is a technology solutions company with deep expertise in the Internet of Things (IoT). Their IoT service also comprises Industrial Internet of Things (IIoT), a key component of Industry 4.0 and which has been deployed across domains such as manufacturing, smart homes, smart electronics, consumer wearables, and more.

Indium IoT service offering includes:

  • IoT data ingestion
  • Building analytical models based on machine learning.
  • Data processing
  • Data streaming and refresh

Indium also offers IoT analytics as a service which offers several key benefits, including:

  • Customer experience optimization
  • Product performance optimization
  • People process optimization
  • Operational efficiency

Their IoT service empowers clients to make data-driven decisions and become a truly customer-centric organization.

#5) Softeq (Houston, Texas, USA)

Softeq is a custom software development company. We provide full-stack development services under a single roof: hardware, embedded software, web, mobile, and desktop apps; devices, Cloud and IoT solutions.


Founded in: 1997
Employees: 300+

Services Offered:

  • IoT solutions,
  • IoT Application Development,
  • Wearables,
  • IoT Hardware Prototyping.

#6) 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.

R-Style Lab

Founded in: 2006
Employees: 51-200

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.

R-Style Lab pricing

Official URL: R-Style Lab

#7) 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

#8) 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.

=> Click here for a Video on PTC

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

#9) 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

#10) 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
Employees: 5001-10000
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

#11) 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.

=> Click here for a Video on Huawei

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

#12) 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.

GE Digital

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.

Pricing Information:

Predix Enterprise Connect$499 per month ($0.10 per GB data transfer)
Predix Edge ManagerTier1 ($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 WorkflowTier1 ($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)

=> Check the pricing for other services here

Official URL: GE Digital

#13) 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

#14) 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

#15) 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

#16) 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

#17) Vates

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
Employees: 550


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.

#18) ITRex Group (Minsk, Belarus)

ITRex Group is an IoT development company that creates and deploys feature-rich and secure custom Internet of Things solutions. The company’s expertise spans cyber-physical systems that capture sensor data, run it through AI algorithms, and present intelligent insights to end users.


ITRex primarily collaborates with manufacturing, supply chain management, retail, healthcare, and educational organizations. ITRex experts also help consumer electronics startups develop end-to-end software infrastructure for custom connected devices, such as wearables and Smart Home solutions.

Since 2009, ITRex has delivered 500+ industry-specific solutions for companies including Walmart, Procter & Gamble, JibJab, TASC, PotentiaMetrics, Hyginex, Dun & Bradstreet, Warner Bros., 21st Century Fox, DogVacay, DealMe, and Dollar Shave Club, among others.

ITRex IoT services include:

  • Hardware engineering
  • Embedded software development (firmware, middleware, full-fledged embedded systems, HMIs).
  • IoT cloud platform development, customization, and setup.
  • IoT application development (mobile, web, apps for wearables).

Founded in: 2009
Employees: 250+
Locations: Santa Monica, CA | New York, NY | Chicago, IL |Minsk, Belarus| Kyiv, Ukraine | Saint Petersburg, Russia
Core Services: IoT consulting, Hardware design, IoT app development (embedded, cloud, web, mobile, apps for wearables), IoT device management, Security audits.
Other Services: Software engineering (embedded, web, mobile), Technology consulting, Quality assurance (manual, automated), Cloud computing, AI development, IoT development, Business process automation (RPA, IPA), AR/VR, DevOps.
Revenue: $10 Million


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!!

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