21st century is appreciative that it brought the Internet of Things (IOT) to a new level. Automation is adored and enjoyed by people. Therefore, by 2026, the global Internet of Things (IoT) market is expected to be valued at approximately USD 650.5 billion. Not every company is aware of current IOT trends and how important it is to implement IoT application development services. Thus, you’ve come to the ideal spot if you’re new to the world of IoT mobile app development and want to create excellent IoT apps.

In this article, we are covering everything you need to know about IoT app development in 2024. The guide includes all the industry basics such what is IOT mobile app development, IOT market stats, how does it work, how to monetize the app, and the steps to build an IOT app. It also includes the process to choose IoT app development companies for your project and the cost to build an IOT app.

What is IoT Application Development?

The creation of software applications that use Internet of Things (IoT) technologies to improve the functionality and user experience of IoT devices is known as IoT application development. These applications can provide functions like remote monitoring, battery status updates, and even predictive maintenance warnings by establishing connections with devices via sensors and internet access. We can increase the sustainability, ease, and efficiency of gadget usage by creating IoT apps, which will ultimately help both consumers and manufacturers.

IoT Industry – Market Size & Stats

• According to a report, the global IOT market size valuation currently stands at $662 billion approximately
• The industry is anticipated to grow to about $3.3 trillion by 2030 at a CAGR of 26.1% YoY
• By 2030, there will be around 25+ billion IoT devices globally
• According to Forbes, over 80% companies have integrated Internet of Things (IoT) in some way to improve their operations
• By 2025, companies are expected to invest up to $15 trillion in the IoT technology

How Does IOT Apps Work?

IoT apps work using four unique components that are integrated into a complete Internet of things system: connectivity, sensors/devices, data processing, and a user interface. Below is a quick explanation of how IOT works –

1) Equipment or Gadget

Sensors and other equipments first gather data for the IOT app. This may be as basic as a temperature reading or as intricate as an entire video stream. For instance, your phone contains a camera, accelerometer, GPS, and other sensors. It collects data in different forms to send it to the IOT app.

2) Interconnectivity

Once the data is collected, it is sent to the cloud. There are several ways to link the sensors/devices to the cloud: cellular, satellite, WiFi, Bluetooth, low-power wide-area networks (LPWAN), or ethernet connection straight to the internet.

There are trade-offs between bandwidth, range, and battery consumption with each choice. The optimal connectivity method depends on the particular IoT application, but they all achieve the same goal of sending data to the cloud.

3) Data Processing

After the data reaches the cloud, software processes it in some way. Checking that the temperature reading is within an acceptable range is one really basic way to do this. Further, it could be as complicated as identifying objects on video with computer vision (like burglars in your home).

4) The User Interface

The information is then rendered in some way helpful to the final user. The user may be notified of this through an email, text, notification, etc. For instance, the company’s cold storage might send out a text alarm when the temperature gets too high.

Furthermore, a user may be able to proactively check in on the system through an interface. For instance, a user may wish to utilize a web browser or a phone app to check the video feeds in their home.

How to Monetize an IoT App? – Popular IOT Monetization Strategies

Perpetual Model

The plan calls for selling a product in the conventional sense, receiving payment once, and not utilizing any other sources of income. If there is constant demand and no competition for the product, the simplest approach to create consistent money is through an IoT monetization plan that lasts forever. Since the prices are fixed, it is simple to determine future earnings using this approach. Businesses that sell hardware, gateways, and IoT software—such as linked exercise equipment or smart home appliances—are better suited for the perpetual model.

There’s a catch, though. Unless you have a steady stream of new clients to offset the rising cost of infrastructure, cloud computing services will eventually take up the majority of your revenue if your devices are always online.

Subscription Model

Offering a paid subscription to your good or service guarantees a steady stream of income and improves customer retention because you establish and maintain a relationship with your customers for the duration of the subscription. Notably, beyond the subscription fees, you can include advanced features like device/software upgrades or a premium account model, which opens up other avenues for IoT monetization. Platforms for predictive maintenance or monitoring systems are only two examples of the IoT goods and services that will profit from the paradigm, which also benefits hardware.

Outcome-Based Models

An outcome-based monetization strategy enables you to charge clients according to the value they receive from using your product or service, which is ideal if you want to monetize Internet of Things items that offer quantifiable value to the user. By creating fewer items, this strategy lowers manufacturing costs while generating ongoing income from its profitable operation. In addition, because the cost structure is based on the quantity of work completed for the benefit of the client, it guarantees transparent cost formulation. Although many consumers cannot afford the pricey equipment, this IoT monetization method is ideal for it because customers are willing to pay for its services. This group includes heavy-duty, expensive industrial equipment such as cement mixers and smart water pumps.

Razor-Blade Models

The approach is predicated on the added value that the IoT solution adds to the primary product by determining when a client needs to replace its disposable parts, rather than the IoT solution itself. IoT is the “handle” in this system that doesn’t change, while the “razor” is the component that makes money. Due to the fact that consumable parts are not allowed to be left unutilized, this technique reduces customer turnover. Additionally, because your solution is more sophisticated and practical, it encourages consumers to choose it. Any physical item with regularly changing components, such as ink for networked printers or cartridges for Internet of Things-enabled dishwashers, is compatible with this model.

Pay-per-Usage Model

The concept lets clients pay for the time or quantity of usage rather than the product itself, much like the outcome-based method. Based on information obtained from Internet of Things sensors, the model provides adaptable choices for pricing goods and services. A flexible offer will appeal to a larger range of customers than one that is inflexible. It can be used for pricey goods and services that allow you to figure out how often and how long you use them, like vehicle or scooter sharing.

Essential Service Model

Through the integration of this revenue model, you may leverage IoT to encourage customers to purchase your service. To use your offering, prospective consumers can access the data you gather and provide. Any organization that concentrates on providing services will benefit from the strategy, which also enables it to obtain additional value from further data licensing and sales. Any kind of service, including predictive maintenance for cars, factories, and smart homes, would work well with this approach.

Hybrid Monetization Model

Selecting a single model and following it through to the finish is not the only way to choose an IoT monetization approach. Because technology is so agile, choices about revenue sources must be made using the same methodology. Therefore, if your product can profit from two or three strategies at once, don’t limit yourself to just one. To maximize the value to your business, combine them, pay attention to what your customers require, evaluate data, and modify your monetization alternatives.

If your Internet of Things firm, for example, produces smart air conditioners, you may mix and match models by offering the equipment, replacing its parts as needed, and doing routine upkeep. Such an approach would yield enough revenue to pay for years to come for infrastructure and IOT app development costs.

How to build an IoT Application? – Step by Step Guide

Step 1 – Define Your Objective

You must first define your purpose as simply as possible, stating the problem your app will attempt to tackle. Next, a feasibility study should be conducted to compare your proposed solution to currently available items in the market. At this point, it’s also important to prioritize meeting legal, regulatory and security criteria in order to develop a thorough project specification.

Step 2 – Hardware & Software Selection

The hardware type is determined by the specifications of your project. A variety of devices, including sensors, GPS tags, active and passive RFID tags, RFID readers, and more, may be used. After making your decision, you must thoroughly examine the entire hardware architecture to determine whether data processing requires microprocessors or microcontrollers.

Your firmware’s technology stack differs depending on the hardware platform. Your mobile app development company must first ascertain the architecture and structure of the firmware and gather requirements.

Step 3 – UI/UX Development

Just like any other software, an IoT app needs to have a design that is both visually appealing and easy to use in order to stand out in the larger IoT market. Product designers with experience can guarantee proper setup of the user interface.

You should be aware of the significance of a strong UI/UX design before beginning the IoT mobile app development, since this is what sets successful apps apart from those that are swiftly eliminated. For instance, dissatisfied users may post negative reviews on Google Play or the App Store, which may negatively impact the quantity of downloads.

Verify that the user flow of any internet-of-things program is logical and free of mistakes, such as buttons that lead nowhere.

Step 4: App Development

User experience is greatly impacted by design, and a poorly thought out or underdeveloped design can spell disaster for your application. As a result, be sure to participate fully in this stage and pay close attention. Your IoT application development team will map out the user’s journey, define the flow, and generate multiple interface design possibilities at this stage. Designers will create a UI kit including UI elements, fonts, colors, and styles for the platform after you select the screens that you want.

Step 5: Create an MVP

The minimal viable product, or MVP, assists entrepreneurs in testing their ideas with actual clients. MVP stands for maximum value prototype, not mock-up. It is a finished, functional solution. In essence, it’s your initial mobile application, stripped down all but the essential elements required for the platform to function as intended.

Step 6: Evaluate performance and security

A variety of tests are included in IOT app development services to verify how well an IoT system manages varying loads and data volumes. We want to ensure that you introduce a seamless, ready-to-use product to the market at this point.

Step 7: Testing & Updates

Once your MVP is out there, you’ll need to get feedback from users to refine or change the solution. The most common method for completing this stage is an in-app survey, which makes sense since asking questions is the easiest way to find the answers.

Step 8: Maintenance & Support

It’s time for the big reveal of the IoT product after you gather user input, examine the data, and refine it. However, the mobile app development company’s job isn’t done yet. They support app updates, post-release assistance, and scaling up.

How Much Does It Cost to Build an IoT App?

The cost of developing an Internet of Things application will vary depending on its complexity, which is determined by how many features are incorporated to the IoT app solutions. On average, IOT application development costs between $30,000 and $40,000.

However, a complex app will have additional features that IoT app development company will add, such as geolocation, payments, device synchronization, data encryption, third-party API integration, new technologies auto-learning feed, content management system, data ingestion sources, reporting granularity requirements, and reinforced security standards. These features, in addition to a few other high-end ones, will cost between $50,000 and $80,000+.

How to Choose an IOT Application Development Company?

You need to consider several factors before selecting an IOT application development company, which includes –

IoT Expertise:

Pick a business with a great background in developing software for the Internet of Things. Seek out businesses that have a track record of creating effective Internet of Things apps and solutions. Check out the case studies and blog posts of the companies you are researching. These records can give a good picture of the company’s areas of specialization.

Business Experience:

Take into account the company’s prior experience in the business. A business with experience in your particular sector will be better able to comprehend your particular needs and problems, which will result in more useful solutions. For instance, check for businesses that have case studies for comparable products if you need an app for your health and fitness equipment.

Technological Proficiency:

Assess the company’s technological proficiency. Seek out businesses that employ a talented group of developers with knowledge of pertinent platforms, technologies, and programming languages.

Past Portfolio:

Examine the company’s prior accomplishments and customer endorsements. This can help you gauge the company’s potential, output standards, and level of client contentment. Speak with a company’s former customers to find out more about its operations. Find information about their past experiences.

Pricing Structures and Support Services:

Evaluate the degree of support each company offers and contrast the pricing structures that they provide. Take into account elements like affordability, adaptability, and the accessibility of post-development assistance. When contemplating offshore mobile app development companies, make cautious to weigh the benefits and drawbacks of partnering with these “affordable” organizations. As with any service, the cheapest is not always the best.

Communication:

For your project to be successful, you must ensure that the firm and you work together effectively. Seek out businesses that value regular, transparent communication and have set up procedures for receiving feedback. It has been observed that the development teams and clients engage in frequent communication to produce the majority of successful software solutions.

Last Thought

So, this was all about IoT application development industry happening in 2024. We have covered the basics such as what is IoT application development, how does it work, examples of IOT apps, and market stats. Further, we have also covered a step by step guide to develop an IOT app, how to monetize it, cost to build an IOT app, and the step to choose top mobile app development company for your IoT project. Just to help you, here is a well researched list of top IoT app development companies globally. The list is prepared after thorough consideration and thus, lists the best in the industry.

Top FAQs

How do IoT applications work?

IoT apps allow smooth communication across different devices by leveraging internet. The apps uses cloud based servers and allows the devices to connect with each other and share data. It builds a network of interconnected devices and enables data monitoring, collection, and control of several sensors & devices.

What programming languages are used to develop IoT apps?

Several languages & frameworks are used to develop an IoT app but the most common ones are Python, JavaScript, C, C++, and Java.

How long does it take to develop an iot app?

The time required for IoT application development varies and can range from several weeks to several months. The app development time depends highly on the complexity, hardware requirements, team composition, design, the app development company hired, and many more.

How much does it cost to develop an IoT application?

The app development cost for most IoT applications range between $15,000 and $30,000, depending on the complexity, functionality, and more. However, the exact price can vary and will depend upon the project requirements, mobile app Development Company, and many other factors.

What are the top examples of IoT applications?

Some of the top examples of IoT apps in the market are –

• Smart Watches Apps
• DoorBell Camera Apps
• Amazon Echo Apps
• Fitness Bands Apps
• Self Driving Cars Apps
• Tracking Apps

The post IoT Application Development in 2024: A Detailed Guide appeared first on Top ITFirms - Result of In-depth Research & Analysis.

Most IoT app development companies are innovating to develop highly connecting and interactive solutions for product-based and service-based enterprises.  If you’re willing to hire a world-class, premier IoT app development company, don’t skip exploring the below list- we’ve picked the finest players from all corners the world.

2024’s List of Top Internet of Things Development Companies & IoT Solution Providers

1. Konstant Infosolutions:

https://www.konstantinfo.com

Konstant Infosolutions is a premier software development company, offering a wide range of web and mobile solutions across the globe since 2003. The company has a team of 180+ highly qualified and experienced IT professionals who can deliver best of technology solutions and consulting services across diverse business needs.

Services Provided by Konstant Infosolutions:

As a leading software development company, Konstant provides reliable web and mobile solutions spanning across Native Mobile Apps Development, Cross-Platform Mobile App Development, Custom Web Development, UI/UX Design Solutions, Artificial Intelligence, AR/VR Development, E-Commerce Solutions, Database Programming, CMS Development, Enterprise Mobility Solutions, Cloud Consulting and IT Consulting – offering businesses delightfully tailored and trendy solutions in their budget.

Key Clients: United Nations, Wonder Cement, Volkswagen, Stanley, Citrix, Project Action Star, RawBank, Houghton Mifflin Harcourt, ThomasVille, Scholastic, Nestle, NASSCOM, TABCO.Food and more.

Client’s Review:

“The team provided excellent communication and updates in a timely manner. Deliveries were on time and prompt with their responses.Their cost-effectiveness, timely deliveries, and communications were impressive.” – Yong Kim

USA, India, UAE101 - 250sales@konstantinfo.comFounded: 2003<$25/hr. +1-310-933-5465

2. Integra Sources:

https://www.integrasources.com

The company of Integra Sources was founded in 2013 by two professional developers located in the city of Barnaul, Russia. Inspired by a true interest in the field of IT, the company rose from two freelancers to a full-stack soft- and hardware development agency including more than 25 professionals who suggest their advanced skills and knowledge for long-termed projects with various levels of complexity.

Integra maintains a reliable system of controlling the workflow on each milestone providing its clients with quick and effective feedback, meeting and satisfying clients’ requirements concerning the most flexible communication style, keeping agile workflow and delivering the best solutions for every challenge.

Services Provided by Integra Sources: 

IoT development, custom software development, artificial Intelligence, wearable app development

Key Clients: Economic and Social Research Council (ESRC), Da Vinci Labs, University of East London, AverMedia, GP2U, Ruiz Aerospace Manufacturing, BasicMicro, Theradome,

SimpleRobots, EdgeTechLabs

Russia11-50hello@intergrasources.comFounded: 2013$35-$50/hr. +7(961)237-72-24

3. AJProTech:

https://ajprotech.com

AJProTech is an engineering partner for companies looking to build new Consumer electronics and Internet of Things products Our engineering team offers all the technical competence needed to build innovative products from concept through production We develop smart hardware products and Mobile Apps for companies of any size – from solo-founder startups up to Fortune 500 corporations.

Services Provided by AJProTech:

IoT Development, Product Design, AR/VR Development, Mobile App Development

Key Clients: Kinetic Ceramics

United States11-50seo@ajprotech.comFounded: 2016$100-149/hr. +1-818-851-1502

4. Dogtown Media:

https://www.dogtownmedia.com

At Dogtown Media, we create impactful mobile apps that solve real-world problems. We harness the transformational power of creative technology to make a positive difference, using the latest developments in Internet of Things (IoT), Artificial Intelligence (AI), and Machine Learning.
Working with VC-Funded Startups and Enterprises including Google, Citi, and Red Bull, we offer expertise in iOS, Android, and web-based mobile applications.

Services Provided by Dogtown Media:

Mobile App Development (iOS, Android, Web), UX/UI App Design, IoT, Connected Devices, AI, Machine Learning

Key Clients: Google, Lexus, United Nations, Citibank, Red Bull, YouTube, Minneapolis Heart Institute, University of California San Diego, RoadTrip Nation, Udemy, Macy’s, University of Oklahoma, Harvard Medical School, Webdam, Fayr, When Georgia Smiled: The Robin McGraw Revelation and Dr. Phil Foundation, Worldwide Breast Cancer, Biotronik

Client’s Review:

“Dogtown Media constantly meets their deadlines and their work is high quality. They take great pride in their work, and it shows.” – Mousa Hamad

United States11-50contact@dogtownmedia.comFounded: 2011$100 – $149/hr. +1-888-814-7010

5. Softeq:

https://www.softeq.com

Softeq HQs are located in Houston, TX, USA. Softeq CEO is Chris Howard. A one-stop shop for hardware, embedded, mobile, web, desktop, IoT and Cloud solutions. Our engineers offer full-stack development services, both application- and hardware-level expertise which is hard to be found under one roof elsewhere. As Softeq celebrates its recent growth and continued success from around the world, the company is augmenting its offerings in early-stage innovation and ideation and enhancing its business consulting capabilities.

Services Provided by Softeq:

Custom software, Hardware, IoT wearables, Web, Mobile, Industrial Systems, Automotive & Transportation, Storage

Key Clients: Intel, EPSON, Nike, NVIDIA, Lenovo, Omron, Verizon, Disney, AGU, Halo.

USA, Lithuania, Germany251-500marketing.tools@softeq.comFounded: 1997$50-$99/hr. +1-281-552-5000

6. MobiDev:

https://mobidev.biz

MobiDev is a software development company that creates complex business-driven solutions, with a focus on innovation and transparency of actions, guaranteed product delivery, and ongoing evolution. Over its 9 years of existence, MobiDev created and delivered more than 320 products, bringing innovation to enterprises and emerging companies around the world. The headquarters of MobiDev are located in Atlanta (USA) and Sheffield (UK). 3 development centers are located in Ukraine. 250+ English-speaking professionals provide regular guaranteed delivery owing to our transparent and sustainable approach. We make software development easy for our clients, so that they are able to concentrate on the rapid growth of their business.

Services Provided by MobiDev:

MobiDev offers dedicated project teams for long-term collaborations and ensure transparency of actions and regular product delivery helping clients to clarify scope and plan budget under fixed-price contracts. MobiDev covers the following technologies to boost client’s business:

Native mobile & desktop development, Cross-platform development, JS frameworks expertise, Web services / backend development, Microsoft & Oracle technology stacks, Analysis of requirements & project management, UI/UX design & prototyping, Quality assurance & test automation

Main areas of expertise: Industrial IoT & Augmented Reality, Data Science & Machine Learning, Blockchain & distributed databases, Microservices & cloud infrastructure, Native mobile & desktop development, Cross-platform solutions

United States250 – 999info@mobidev.bizFounded: 2009$50 – $99/hr. +1-888-380-0276

7. ElifTech:

https://www.eliftech.com

ElifTech is an ambitious and trusted global technology service company that designs, builds and implements effective software technology solutions, fulfilling the needs of customers’ businesses. They cover all aspects of software product development using the latest technologies and frameworks, and we quickly adjust to our customers’ demands. ElifTech’s approach combines research, design and development to rapidly solve problems, create and test prototypes and launch a product into the market in an iterative way. They create intelligent applications that connect people, systems, devices and data. ElifTech is a team of continuously evolving technophiles that transform business ideas into valuable high-tech products.

Services Provided by ElifTech:

IIoT Software Development, IoT Development, Software Project Outsourcing, Custom Software Development, Development & Operations, Efficient Dedicated Team, Quality Assurance, Architecture Consulting and Design, Software Development Process Audit

Key Clients:  ClearCloudSoftware, ClassWallet, Audiomachine, GulfCoastLeads, Asteria, The Pasta Haters, The Digital Panda, 2Owls, Skhole, Winscribe, Xing

USA, Ukraine51 - 100info@eliftech.comFounded: 2015$25-$50/hr. +1-302-543-2012

8. Y Media Labs:

https://ymedialabs.com

With over 200 products developed since 2009, Y Media Labs is the second top in this list. Creating products for powerful brands like Paypal, EMC, Staples, North Face, their 170 employee strength has a unique ability to see what others cannot. They have redefined the mobile industry by providing world-class mobile user experiences and established their business as technology leaders in the market. Headquartered in California, Y Media Labs has total four offices across the world. They create emotional connections with their clients and their work, ultimately stimulating the end-user with professional and useful mobile apps.

Services Provided by Y Media Labs:

At Y Media Labs, the team has the vision to turn client’s dream into reality. They serve globally on brand and product strategy, design, prototyping and testing, mobile app development (iOS, Android, Windows) and responsive web development.

Key Clients: Staples, Forever21, Home Depot, PayPal, L’Oreal, First Republic Bank, Amex, EMC, Molekule, Disney, North Face and more…

United States, India50 – 249info@ymedialabs.comFounded: 2008$150 – $199/hr. +1-415-839-8584

 

9. Intellectsoft:

https://www.intellectsoft.net

Intellectsoft founded in 2007 and is famous for its intelligent software/ mobile solutions. Intellectsoft is a full-service custom software and mobile app development company that has an expensive set of competencies to meet the enterprise needs. Considered as the smart place to begin mobile application development. Offices located in Silicon Valley, New York, London, Oslo and Minsk. Client hire Intellectsoft for its honesty and authenticity through and through. Intellectsoft team has proven experience in developing enterprise solutions which gives them a unique insight for complex mobile app necessities. Because of its experience and expertise, Intellectsoft is also considered as one of the top player in the industry.

Services Provided by Intellectsoft:

Services provided by Intellectsoft are Enterprise-Focused and versatile. They deliver agile applications with the purpose of satisfying customer app development needs. Company has delivered more then 300 projects over world wide clients.

Key Clients:  Universal Pictures, Harley-Davidson, Jaguar, Audi, Land Rover, Hoosbaa and more…

United States100 – 249info@intellectsoft.netFounded: 2007$50 – $99/hr. +1-408-879-7338

 

10. TechAhead:

https://www.techaheadcorp.com

They are known for their perfection & excellence in mobile app development industry. TechAhead provides mobile consulting, design and development services and having world wide clientele and is famous for developing dynamic, interactive, and user-focused mobile applications with skilled team of working professional committed to quality and time. They have their proven track for complex and most critical iOS app development and having 100% success rate in app store approval. Ultimate team of early adapters and developers for high quality android apps.

Services provided by TechAhead:

Key services includes mobile consulting and mobile application development (iPhone, iPad, Android and Windows phone) and web application development and have developed mention-worthy apps for all platforms with updated technologies. They believe in problem solving, user engagement and creating amazing experience.

United States, India99 – 299sales@techaheadcorp.comFounded: 2009$25 – $49/hr. +1-818-318-0727

 

More Industry Leaders:

11. Eleks:

https://eleks.com

For over 26 years, we’ve been working as a software innovation partner to Fortune 500 companies, big enterprises and technology challengers. Our team of 1,100+ professionals provides you with a full range of software engineering and consultancy services.

Software products that we build help the world’s leading brands transform their businesses, increase their revenues and save up to 40% of the time and operating costs.

Services Provided by Eleks:

Software Engineering, Technology Consulting, QA, R&D, Business Analysis, UX Consulting, Security Services.

Key Clients: Aramex, Eagle, Russman, Medusabusiness, Teleologica, Havas, Reactoo, Blackboard, Accelerated Analytics, Coras, Xceedium, States of Jersey.

Ukraine, USA, UK1000+info@eleks.comFounded: 1991< $50 /hr. +1-702-710-4990

 

12. Affle Enterprise:

https://enterprise.affle.com

Singapore-HQ mobile application development company and also one of the top players in the industry. Affle Enterprise is the development wing of Affle MAAS (Mobile Audience as Service) platform, which specialized in UX, design and mobility. They are creative technologists who love to take challenges and great ideas. Affle Enterprise team has deep expertise in developing cutting edge solutions for different mobile app platfroms including iphone, iPad, android, blackberry and windows phone. One of the prime features in development process at Affle Enterprise is Affle’s Reusable Component (ARC) architecture, that comprises of updated library of features which is being used and accepted by global audiences.

Services provided by Affle Enterprise:

Affle Enterprise offer a wide range of advanced mobile app development services including the requirement analysis, design and development with consultation, quality checks and maintenance and support. With the team of more then 2300 well experienced professionals, Affle Enterprise is specialized in using Agile Scrum methodology in the process of app development that makes app well developed in faster manner.

Singapore, India99 – 299enterprise@affle.comFounded: 2005$25 – $49/hr. +65-6225-2652

 

13. LeewayHertz:

https://www.leewayhertz.com

A leading mobile app development company and among the top most developers who deliver commercial apps for the iPhone Platforms. LeewayHertz consists of HIDE certified design experts and broad expertise developers for developing high quality enterprise solutions. They have delivered over 300 apps for enterprise and consumer app space both. Award winning professionals are capable enough to deliver beautiful, highly intuitive user experience and interfaces Mobile consultants understand all the requirements of the enterprises carefully and they are capable enough to achieve the mobile objectives.

Services provided by LeewayHertz:

LeewayHertz provides end-to-end app development services for all major platforms with well experienced team for iPhone, iPad and Android from concept creation, UX and UI design, creative design, development, testing to deployment.

Key Clients:

United States101-250marketing@leewayhertz.comFounded: 2007$50-$99/hr. +1-995-387-0560

 

14. Fingent:

https://www.fingent.com

Fingent has been in the IT software services industry since 2003 and we are a reliable and affordable Web and Mobile Development company for enterprise and mid-sized organizations.

We are a full service web and mobile development services provider with two offices in the United States (Boston and New York), India and United Arab Emirates. Our global team of over 230 talented full-time employees have helped hundreds of mid and large size organizations implement software solutions that increase productivity and profits.

Services provided by Fingent:

Web Application Development, Mobile Application Development, Product Development (SaaS) and Enterprise Software Development. We will help you solve your business challenges through software in any technology area.

United States100 – 249info@fingent.comFounded: 2003< $30/hr. +1-914-615-9170

 

15. Hidden Brains InfoTech:

http://www.hiddenbrains.com

Hidden Brains InfoTech is a globally acclaimed CMMI Level-3 custom software development and IT consulting firm that specializes in enabling digital transformation. Our company was founded in 2003 and has since achieved unprecedented growth, serving over 2400 clients in 107 countries. We have earned the distinction of being a ‘Great Place to Work® Certified\’ organization, which highlights our commitment to maintaining an exceptional work culture and transparent business practices.

Services Provided by Hidden Brains InfoTech:

Hire Dedicated Developers, Web Application Development, Mobile Application Development, UX/UI Design Services, Front End Development, Product Prototyping, Microsoft Development, Cloud and DevOps

Key Clients: DHL, Caterpillar Inc, GT Bank, PlantVillage, Scosche Industries, ELMO Spa, Plus, DeliveryAny, HomeHub, Custom Wrkshop, VaRepo, Zoebook

India, USA, UAE501-1000biz@hiddenbrains.inFounded: 2003$25 – $49/hr. +1-323-908-3492

 

16. Matellio:

https://www.matellio.com

With deep skills, robust processes and flexibility to develop paramount solutions, Matellio is famous as a one-stop shop for web, mobile and IT development needs. This visionary agency brings together a creative the most talented digital marketers, developers and quality assurance engineers, business analysts and web designers in one place to allow business to get everything on one platform.

Services provided by Matellio:

Harnessing the power of avant-garde tools and technologies, Matellio has a finesse in innovative web solutions, engaging mobile experiences, visualizing and processing GIS data, embedded solutions, solving complex problems in minimum possible time.

Key Clients:

United States, India10 – 49info@matellio.comFounded: 2012<$25/hr. +1-408-675-6740

 

17. Oxagile:

http://www.oxagile.com

Oxagile is a full-cycle software development company that enables businesses to transform, scale and gain competitive advantage, through the expert delivery of innovative, tailor-made solutions. Founded in 2005, we have successfully completed over 400 projects for multiple industries and business domains. In addition to a solid grasp of cutting-edge techs, our clients benefit from a truly tailored approach, flexible resource scaling, and expert PMO governance.

Services provided by Oxagile:

Together with custom software development, Oxagile’s key areas of expertise include web and mobile app engineering, cloud application development, legacy modernization, DevOps and R&D projects, software testing and quality assurance.

Key Clients: Discovery, Google, Vodafone, Kaltura, Veon, Motorsport, Management Sloan School, Cardiff University, Consumer Fusion, Thomson Reuters, Disney, Telecom.

United States251-500contact@oxagile.comFounded: 2005$25 – $49/hr. +1-855-466-9244

 

18. Ready4S:

http://ready4s.com

Ready4S is a full-time mobile app development firm that is managed from Poland and is a highly recommended mobile app developer in the United States. They form a great company that supports quality IT outsourcing across the globe. A small team of developers, business analysts and quality analysts is proficient to inspire startups and entrepreneurs in setting up an imperial brand among global audiences through high-tech, influential apps.

Services provided by Ready4S:

The company offers free app development consultancy to all types of businesses and productive business solutions.

Key Clients:

Poland10 – 49apps@ready4s.comFounded: 2012$25 – $49/hr. +1-347-627-0557

 

19. Xicom Technologies:

http://www.xicom.biz

Xicom was founded in 2002 and now it is a leading software and mobile app development company in the world. It is expert in developing Android and iOS apps and it also provides software development services in Java, .NET, Website development, Ecommerce development and developing applications based on IoT, AI, Blockchain and Cloud technology. Xicom is a preferred Android and iOS development company and it also offers cross platform app development services for various frameworks including React Native, Xamarin, PhoneGap / Cordova, Titanium Appcelerator, Ionic and Sencha.

Services provided by Xicom Technologies:

Xicom provides wide breadth of software development, mobile app development, web development and IT consulting services across the entire IT spectrum. Xicom is expert in Web development (PHP, ASP.NET, Ecommerce Solutions, Open Source, Website Design and Development), Mobile App Development (Android, iOS and Cross platform app development), Software Development (Java, .NET, Enterprise Applications) and IT Consulting (Cloud solutions, Managed IT solutions, Product Engineering Solutions)

Key Clients: Spooner, Lunchserved, Campcrate, Ecopons, Snapsellers, Fitfix, Notch, Whaabaam, Algotrader, Gosupps and more.

United States, India, UAE251-500sales@xicom.bizFounded: 2002$25 – $35/hr. +1.855.55XICOM

 

20. Nextware Technologies:

http://www.nextwaretech.com

Nextware delivers high-quality development, IT and business process services through its team of technically skilled, agile and responsive professionals. We offer the full range of software development, application development, and IT services. Our expert engineers can build just about anything, including custom web applications, mobile applications, and desktop applications. They can make your business run smoothly through software implementation, business process automation, software integration and cloud hosting. And if you’re looking for advice, we also offer the full range of consultant services, quality assurance, and testing.

Services Provided by Nextware Technologies:

Custom Software Development, IT Services, Mobile App Development and Business Process Management

Spain, United States101 - 250contact@nextwaretech.comFounded: 2006$150-$250/hr. +1-310-955-9919

 

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The utilization of resources in low-powered resource-constrained objects is the need of the hour. See how IoT can help!

The Earth has been facing the most pervasive, most severe, most invisible dimension of the ecological devastation these days with the COVID-19 Pandemic attack. News is grim with deaths, rolling quarantines and the economies seem to flatline. Why is the US slow on Coronavirus testing? Can IoT do its bit to contain the spread? Creating an environment of convergence in the society, extra specific situations like the COVID-19 crisis will expose inefficient processes and technology bottle-necks and organizations putting ad-hoc fixes in place would want to harden these going forward. IoT will play a big role in modernizing healthcare, disaster prevention, public safety, security, supply chain, manufacturing and production.

What is the Internet of Things and how does it help?

Internet of things is interconnecting various devices (data analytics and artificial intelligence) within Internet connectivity that can help by providing an early warning system to curb the spread of infectious diseases. Drones are already being used for public surveillance to ensure quarantine and the wearing of masks. AI has also been used to predict future outbreak areas. Further utilization on the Internet of Things will depend upon people pulling back from interacting with others because of their fear of disease, the thing they stop doing will frequently affect much bigger industries in the U.S. If we consider travel, on an average, an American takes nearly three flights a year while a Chinese person just takes one. Such a disaster has persuaded most people to hold off on their cruises.

IoT Device Applications

Every domain is adept with the internet – vehicles, smartphones, business, agriculture, hotels, hospitals, entertainment places – this calls for creating interesting and challenging web and mobile applications by the implementation of IPv6, Standardization Issues, Invasion of Privacy, Regulatory.

Use of sensors and connected devices help in optimizing factory operations (reduce cycle time, increase throughput, increase machine utilization, reduce costs, reduce unplanned downtime), improving product quality (reduce manufacturing defects, identify design features that are causing manufacturing problems), in understanding the customer demand (validate usage assumptions, understand product usage patterns), in generating new revenue sources (support attached services, Product-as-a-Service models), and finally in improving customer experience.

IoT comes with a lot of data, analyzing such large amount of data becomes a challenge. Data is normally in the form of time-series and comes from things. It is always at different frequencies and requires real-time decisions.

• Fitness Trackers
• Thermostat
• Alarm system
• Lights in your home that you can control with your computer or phone
• Rolls Royce aircraft engines contain sensors that send real-time data on the engine’s function back to monitoring stations on the ground.
• Smart tennis racket, an internet-enabled frying pan, or a smart yoga mat

How COVID-19 is affecting remote technologies?

The COVID-19 crisis has triggered a lot of ideas and solutions. This has now become the central focus of healthcare providers. Not only this, IoT have a huge impact on both the working and domestic fields. Assisted living, smart homes, smart offices, e-health, domestic fields, enhanced learning, automation, industrial manufacturing, logistics, business process management, intelligent transportation – All these applications have made IoT devices to proliferate due to the presence of inexpensive sensors, reliability, remotely controlled and low-cost connectivity.

In Conclusion

IoT app development companies have come up with devices, tools and machinery that have become smarter and more intelligent, communicating with each other by going online. These generate data that drives efficiency and enables new paradigms like predictive maintenance to become a reality. For more information, drop a query at info@itfirms.co.

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When restaurateurs perceive value using the IoT devices and applications, the trend will quickly create a new market!

Since its inception in 1999, IoT has kicked up a storm, creating business opportunities and privacy minefields across the sectors. Those were the times when magnetic-stripe room key cards were still obligatory in hotels, the first Blackberry device was being introduced to the world, and Alexa was a popular baby girl name. Here we focus on how hospitality industry (especially hotels and restaurants) embrace the benefits, and how they lead with it!

Alexa as First Voice of IoT

Amazon launched Alexa for hospitality which is a virtual voice assistant technology that allows guests to access services and amenities from the comfort of their room using nothing more than vocal commands such as “Alexa, call the room service!” or “Alexa, play some music” or “Alexa, switch on the AC” etc. This system allows hoteliers to customize their services accordingly and also measure guest engagement through analytics and reporting.

Technology that has powered the IoT has revolutionized traditional businesses including hospitality, where it spells reduced costs for the property and an optimized guest experience, coupled with customized and connected stay. IoT eventually helps hoteliers and restaurateurs to harness valuable guest data (from sources such as purchase histories, marketing engagement and loyalty programs) and glean actionable insights that help them to provide customized reservations based on stay experiences of visitors in past. This ultimately ramps up the guest feel good factor on each occasion.

How guests want to be treated?

Guests wish to interact with the hotel staff (of the hotel that they wish to book) in the same way as they do at their home and they expect familiar comforts such as an automatic Wi-Fi connection as soon as they walk through the door. It is important to embrace IoT by making use of cutting-edge services and connected devices to replicate the smart home experience, increase customer satisfaction by understanding what they require in advance and get ahead of the competition. Customer always lure for authenticity in services, customization, socio-emotional connection, convenience (especially if they are travelling with their families or friends), control (value for money) and timely services.

What should be done to automate?

Besides Alexa, digital voice assistant, hotels make use of smart mirrors (offering customized content and media on a touch-screen display), daylight harvesting (adjusting indoor lighting based on the natural light coming in), robotic lobby concierges (to provide information relevant to location). Top mobile application development companies create IoT apps that allows accumulating and analyzing quantitative and qualitative user data.

Some next-generation features of IoT include robotic porters (rechargeable luggage trolleys), Android concierges, a robotic cloak room attendant (a giant mechanical arm in a glass case), wardrobes that can remove odours and wrinkles from clothes and facial recognition door openers and many more things beyond imagination!

Other smart IoT features include: Smart dispenser, smart toilets, kitchen touchscreen, self-cleaning litter box, automated guest rooms, predictive maintenance, mobile engagement, hyper-personalization (remembering their TV channel choice, temperature and light control to help them the next time they visit same hotel etc.).

How the guests feel powered by IoT?

As the guests arrive hotel, their smart car (connected with internet) will share their details with hotel services. They will personalize their services according to guest’s preferences. He will access his room with his wearable device (without requiring magnetic-stripe card key). Alarm clock will be set according to guest’s personal settings and calendar updates. As soon as guest wakes up in morning window blinds will open automatically, humidifier/AC will adjust room temperature accordingly, coffee maker will start automatically and television is auto tuned to guest’s favorite channels. IOT trend is preferable for mainstream consumers opening up a new market for those who choose convenience over the concerns about privacy.

Definitive

This was just a vague indication of how can IoT power hotel industry. Trusted mobile developers India have propelled Hospitality business in creating value with increasing use of IoT products and services. Right from reinventing business operations and processes to personalize services, best IoT app developers have brought even more important use cases like on-demand delivery, monitor systems using smartphones, corresponding with customers (tailor made presentations), hyper-customized ordering frameworks, better stock management, and experiencing IoT in already existing hotel rooms, with minimal construction or infrastructure changes, sensor-activated thermostats, digital room keys, and in-room streaming/casting services, control their room’s lighting, HVAC [heating, ventilation, and air conditioning], and entertainment options, including pre-loaded and streaming content and likewise. Thus, IOT is preferred where the loyalty tie-in is critical and longer-term investment look lucrative than working with partners, which requires that various technology pieces talk to each other (stay connected)!

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Know how IoT is going to change the way you see things around you, in the immediate future.

Internet is the most growth-struck invention of all time. Since the day it got invented it is growing both in terms of reach and applicability. It is surely one thing that is going to the base of everything we do in the future life – raking in everything from easiest and commonest things like automating home and streaming movies to the most complex things like controlling a robotic device that facilitates production in a factory or powering a close-circuit network of information exchange.

A lot of it is already with us and we are feeding big on internet-based services and benefits already. We have smart homes, connected cars, industrial internet, smart body gears around us. And with smart phones becoming ever accessible to the remotest of destinations it is only going to grow in its presence and impact. As it seems to most of them, it is going to keep spreading further and allow us to live the age that we have seen in the sci-fi movies, partnering with intelligent software and connected things.

The idea takes us straight to Internet of Things and its various perspectives. So, how this is going to be like. What are the different ways it is going to disrupt the future of science and how our lives are going to get influenced and driven by this change. Here are some of the predictions on how industries would be benefited.

Picking up the top 3 industries to be influenced by IoT

Communication & Media

Wearing smart glasses, telecom and media employees would be able to unlock and access protected fields and secure data. It would be a lot easier and a more standardized operation to track and maintain details about their customers. It would also help them in reducing the publishing cost as everything would be carried and retrieved through the internet.

Manufacturing Utility Industry

IoT would help utility providers to design their systems to act more flexibly and efficiently transferring data and commands remotely. They would be able to generate and disburse information fast and easy with the help of IoT-driven infrastructure. With this monitoring the plants would get easy and smooth. And the system would get automated with the help of smart grids and electric meters.

Healthcare

Healthcare is going to be disrupted greatly with the advent of IoT based technology in the domain. The approaches and practices would be more connected and utilizing patient and medicine information to attain more accuracy and consistency to the processes. Activity trackers, measuring tools, AI support would be changing the entire scenario. By the year 2025 the worth of IoT in healthcare is expected to reach a whooping figure of $2.5 trillion and it will be consuming over 30% of IoT devices of total.

Must Read: How to Choose the Ideal Internet of Things (IoT) Platform

Other major trends and projections

Smart Cities

Smart city projects have already been started to be worked on. Many companies and departments have planned projects for transforming the existing infrastructure into the connected one. This would be around adopting new power distribution systems, electronic transmission network, food vending machines, self-sanitizing mobile toilets, automated banking facility, ultra-modern ticketing, and solar-operated tools and centrally wired energy sources at bus stops and public stations.

Smart Products

Internet of Things would be transforming the way you use and interface with routine life products. These products may belong to home or office and can be anything from a gadget aiding in increased energy efficiency, enhanced security, or richer user experience to a complete system that serves you for performing a task in a more synergized, efficient and controlled manner. With these smart products coming in, more and more data and resources would be connected in real-time to interact with and serve users adding more viability, possibility and quality to the overall processing value and outcome.

Secured Routers

IoT technology would allow engineers to build devices and nodes that are connected through a highly secure ecosystem of networks. This is possible by implanting highly secure routers that collect, transfer and stream internet data with great security. Such routers would have features such as data encryption, secure DNS and automatic security updates. This would ensure that you don’t have to face and suffer any data theft or leakage operating in the highly volatile and risk-prone online space.

Application specific device ecosystems

Going with specific IoT-based device ecosystem, a business can bind together different service components and protocols from different vendors through centrally managed devices for comprehensive management of tasks and practices. The devices and consoles so connected, update you well with all the proceedings and changes taking place in the process. So that you can centrally manage multiple vendors, resources, functional proponents, users and everyone else in the channel. In future, we would see more of it coming to drive the processes faster and apply more precision, to get you better output. 

Some Awesome Inventions for masses

Among many innovations and developments taking place in the space of IoT, some of the major would be in the segment of environment and road safety. The most talked-about of which is the pollution control system that will be facilitated and managed by government agencies. You already have multi-application gas sensor out there. Now, this equipment can detect how pure and healthy is your breath by sensing it for different diseases and health hazards. This analysis is going to be placed at a community level building a health-IoT ecosystem to make general people know how healthy and safe they are within their surroundings. This system would also be aiming to detecting the levels of pollution and pollutants and would be making attempts to treat them.

Another big change would be brought in by reducing traffic congestion and accidents by regulating and controlling fuel consumption by deploying connected traffic information system, equipped with latest sensors and advanced communication tools powering the hyper-connected network well controlled by process-led teams. This would include information on optimum routes, suggestions on easy passthroughs and diversions, parking prompts, and breakdown support.

Final words

With these expert predictions, you can make out how things would be in the near future when you would have IoT transforming the way you plan, do, consume and experience things by elevating them to the next level of functional connectivity and detailing.

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What is that one factor that separates a human from normal living beings? Or what is that one factor that insisted humans to make the machines smarter? Well, it is their curious thinking that made them imagine, experiment and innovate with existing technologies and develop new ones. As roses will never remain same without thorns, likewise an IoT network cannot remain unarmed with sensor troops. Take a look at how various sensors are cockled together in IoT universe:

Bringing as many things as possible into its digital fold, Internet of things scenario is soon going to become a curtain raiser that will embrace all possible fields by 2020. Some cool new ways to detect objects located at a distance, some to detect temperature and pressure, while others to detect motion or gyroscopic moment, humidity, IR level or acceleration. Wow, that’s quite a handful! An increasing number of businesses are adding sensors to all the 4P’s – People, processes, places, and products, to capture and analyze information to make better transparent decisions.

Improve business performance, efficiency and enhance the customer experience in more than one way by integrating sensors into various business operations.

Top app development companies have gradually started realizing the power of sensors. These are the smart and indispensable asset for the Internet of Things applications that have made industries get quick insights to modernize all the processes. The Network of sensors is making every element of the organization smarter with every passing day. These have possibly changed the way we see the world. A simultaneous decrease in cost is becoming the other reason for their higher adoption in IoT landscape.

1. Sensors to Detect Temperature

Temperature sensors detect the highs and lows in temperature, sense, collect and transfer the temperature data to any device from where any action can be initiated according to defined algorithms. Being extremely small, these portable sensors work with just any device be it human or any object.

2. Sensors to Observe Acceleration

The orientation and tilting motion in iPhones were where these sensors were used for the very first time. These detect the changes in the velocity of the object with respect to the earth surface. The inertial navigation system that forms the core of such sensors forms the basis of the functionality of missiles and aircraft, can be used in drones for simulating flights, or as an anti-theft protector when a static object loses its inertia, vibrates or moves from its original place.

3. Sensors to Find Pressure

Such sensors find the variations in pressure and compare them against one standard range of values. Further, these send the data to controlling systems in form of electric signals. These are of much utility in water supply, agriculture, heating system and manufacturing sectors.

4. Sensors to Notice Motion/Direction

It helps in detecting any kind of motion with home, office premises and business organizations. This is the principle behind various intrusion detection systems, house safety gadgets, cameras, computerized door controls. Deciphering various action categories like hand movement, clapping, waving and thus are used in power control gadgets, hand dryers, automatic sinks and parking gadgets etc.

5. Gyroscope

Gyroscope along with accelerometer helps in measuring the angular rotation velocity and detecting linear acceleration. Both these sensors are used in conjunction with various devices and applications.

They come in all sizes, with varied performance, diverged output and environmental conditions etc. Space shuttles, fiber optic, aircraft, race cars, motor boats are other application areas of gyro-sensors. Other variations are vibration gyro sensors with comparatively less sensing capability are largely in use for digital cameras, car navigation, mobile games, SLR cameras and camera shake detection systems.

6. Sensing Proximity

Allowing or restricting an object to be in prescribed proximity, this sensor triggers when it finds something within the prescribed distance. Parking facilities in large departmental stores and airports make extensive use of such sensors so that you are able to find a correct parking place and likewise.

7. Smoke Detection

Emergency alarms that detect smoke or any such threat within the office or home premises signals IoT utility which in turn ships the sign to the attached gadgets to open the evacuation door or ring the emergency bell.

8. Optical Alarm Sensors

Detecting light by help of Fiber optics in surrounding electromagnetic field and then converting it into the form that is easily readable by digital devices, IoT app development companies make use of such sensors find their immense use in photo-detectors, transportation fields, optical switches and elevator doors, as they are immune to the electrical and electromagnetic interference.

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There are more than 400 companies offering IoT app development and the majority of them being the startups (around 40%).

Moving further, more and more companies are joining in and appending their service offerings to IoT domain. This makes it difficult for businesses to look for an ideal IoT app developer to meet their requirements. While the list of IoT app developers is continuously growing, the vital decision of putting the hands on IoT platform becomes onerous.

Therefore, to drill down the stress quotient, we have listed down the key factors that should be considered when choosing the ideal IoT platform. Hope it helps you in taking a wise call and you take your business to new heights.

Key factors to consider while choosing the ideal IoT platform

Look out for a comprehensive solution

The major challenge that the IoT app development companies are currently facing is to offer a comprehensive solution. Most of the companies are offering partial solutions to their clients either a connectivity management platform or a data aggression and storage platform. While some just offer application enablement services. Neither of which satisfies the requirements of the client who is on the lookout for a complete IoT solution. Consider only the vendors who offer comprehensive IoT solution. The percentage of companies offering it is almost half of the total IoT solution providers.

Risk analysis is important

Since majority of the companies involved in IoT are startups, there would be a lot of risk that you, as a business owner, would be taking. However, there are several benefits working with a startup including – they are responsive to customers’ needs and like to move quickly in order to establish themselves in the market. But vulnerability lies with regard to their stability and upbeat power to continue despite tough competition.

Developers’ expertise

Before going for a specific IoT platform, ensure that you have developers who adapt to the technology change. Consider their expertise and the extent they can go up to in order to fill that technology gap because at some point of time you’d need your in-house developers to take care of the implementation work of the selected platform.

Feasibility of your business model

There are vendors offering IoT-based services on the subscription model, which helps you to test the potential of the services and make sure that it works. So, if you are on a tight budget then you can opt for this model rather than investing big upfront. Once you realize its potential and get to know how things work in accordance with your business model, you can opt for the comprehensive plan. Else, you can also drop the idea of working with connected devices if the results are not as intended.

Final thoughts

With so much happening in the IoT domain, there’s a strong likeliness of new concepts and techniques emerging in the coming years. However, it is probably the right time to invest and get a hold over the proceedings which are expected to take control of the future. Look out for a comprehensive IoT platform that matches your requirements and get associated with a company whose strategic goals are well-documented.

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Hence, IoT app developers will have a huge role to play in assisting businesses to accomplish their IoT goals. They’ll be deploying techniques, administering operations and using their skills to produce desired results. Once, everything is up and running then will be the time to make money. For which you’d need to consider the following facets.

Data helps you lead

Consider any business model, data remains the most vital aspect of it when we talk about growth opportunities and hacking the upcoming years for the betterment of the business. Data will become more powerful, and it is predicted that by 2020 that about 1.7 megabytes of new information will be generated by an individual, every second.

The data explosion is bound to happen and it is up to businesses that how they plan to accumulate it, analyze it and eventually put to use for their vested interests.

App experiences are crucial

IoT apps are useless if they don’t add substantial business value. Imagine a machine initiating a recovery or a repair process before it fails completely or a washing machine that notifies you of low water or detergent levels. Won’t it be helpful?

It provides you with an edge over your competitors and sets you apart. However, the forefront of the technology is still the IoT app developers who make it a reality. IoT monetization is what comes thereafter. Make sure you have on board the best app developers who transform the IoT concept into actual business scenarios for the intended results.

Focus on making money

The only possible way to make money through IoT applications is that you produce apps that are in demand or are likely to be in the future. Innovating off-shoot applications, devices and services won’t help you make money- surely not in the near future. These apps only add to development costs and open doors of expansion. Nonetheless, the focus should be on the initial product and how it can be scaled to shoot up the revenues.

Monetization models

There are plenty of ways to monetize your app, services or IoT devices. To extract most out of it, you need to put your hands on the right model. This could be a subscription model that will generate a recurring income year after year or it could be a one-time sale model for the IoT devices you plan to sell or pay-as-you-go options where customers are required to pay on the usage basis. Decide a revenue-generation model wisely after researching your business expenses, customers’ paying capacity, your operation areas and more.

Final words

IoT is more than just connectivity or a hub of connected mobile devices. It is greater than you can imagine. It not only offers conveniences for businesses and consumers but also carries the potential to multifold business revenues.

Still, in its early years, Internet of Things will eventually see more entrepreneurs and traditional companies joining in. Times have changed and methodologies have evolved. Money-making schemes for IoT businesses will also see new horizons in the coming months. If you have expert IoT app developers in your team then revenue-generation won’t be difficult because they set up the link between you and IoT money-making scheme by producing IoT devices for businesses worldwide.

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If we talk about technology in 2018, I see new ideas being reintroduced with new brainstorming mindset. If I have to do anything with it, Internet of Things (IoT) will definitely show its prominence in next 12 to 18 months of time. IoT means different scope of reach for different industries/people according to their needs. Intelligence, Sensors, Electronics, Actuators, Software, Energy, Connectivity, Machines and Security all combine together to form IoT. IoT basically shows us the emerging future of technology and massive updates in the field of technology. The work will be quite easier, which means the work will be done even before you think about it.

Internet of Things (IoT) basically consists of sensors and machines. Sensors are the indispensable enablers of Internet of Things. The work of sensors is to collect different type of data depending on the needs all around the world and transfer it to the machines. This data is further analyzed and automated tasks are carried out based on the data according to the conditions. There are a ton of new upcoming updates for changing lifestyle, it’s not just saving time, money or energy, its big and huge and if we consider all the upcoming technological updates, then IoT would be the biggest one of them.

Let’s take an overview on the major updates that we would see in 2018 related to IoT.

Smart Healthcare:

With smart technology comes smart health. As Hospitals and clinics face a ton of patients who need care, the new networked gadgets and technology which can remind patients for their medicines, can indicate their blood pressure rate, heart rate, temperature and Fitness habits. It can also alert them for when to exercise or when the blood pressure levels are too high and many more. This will reduce the amount of people coming to hospitals and also patients can stay and complete their treatment at home.

Smart Home:

Being a myth few years ago, smart homes will soon become reality. There is no end for possibilities and it will make our lives easier, convenient and comfortable. The reality is just a click away, homes can be controlled in all aspects like security, energy use, lightning, temperature control, HVAC and many more things right from our smartphones with greater convenience. In a simpler way, homes will start to communicate with the smartphones.

Smart Factories:

The involvement of Smart Machines, Sensors, Artificial Intelligence and greater technology strength has totally converted the manufacturing industries into a completely new thing. Due to IoT, the internetworking between the physical items or machines, the software and their connectivity, has taken us to the fourth industrial revolution. IoT in the factories can bring out various benefits like increase in the production rate, speed, efficiency and quality. Sensors can control the machines to work efficiently, temperature control, lightning, usage of power and consumption of time.

Drawbacks of IoT:

Along with the Advantages there is also a Disadvantage of IoT. With the increasing technology, the risk of losing privacy increases. IoT transmits all your private and business data which can be hacked and changed. For example, what if someone hacks your home security and keeps an eye on you or hack your business profile to know your financial status. Everything about your Public Sector like water supply or transport, Private life, Business Field, Industrial Sector and many other things which are directly connected to internet and a ton of information is available on it which is prone to be hacked and accessed by anyone in public illegally.

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