Top IoT App Development Companies The IoT's rapid growth is evident across all domains, with AI and IoT shaping the future. Intel predicts over 200 billion connected devices by year-end, highlighting the swift IoT app development. Market data indicates a transformative impact, as the global IoT market grew from $740.47 billion in 2020 to a projected $4,421.62 billion by 2030, a 19.67% CAGR from 2021 to 2030. This illustrates the speed of development. Top 10 IoT App Development Companies 1. Agicent: Agicent Technologies has a talented workforce of over 200 professionals that have completed over 1000 successful projects. Agicent has proven its excellence over the years by delivering a variety of services to its users, including the following: Provides IoT app development for a wide range of domains including home automation, industrial automation, smart wearables, health care, and so on. Provides you with a remote developer with the appropriate skill set and experience on an hourly basis starting at $20 (depending on the level of expertise you require). They carry out the development process and concentrate on the main functionalities that address the problem being addressed. They also offer strategic advice on how to introduce your product to the market, develop anticipation, and attract early users. 2. Siemens: Siemens AG is the top global firm in Europe. Siemens has developed into one of the “world’s largest industrial manufacturing companies”. In the world of the Internet of Things, Siemens focuses on various services ranging from “connectivity to automation”. They aim to improve efficiency, enhance predictive nature, and enable smart and quick decision-making. The Siemens IoT platform, named “MindSphere“, offers a cloud-based ecosystem that promotes data collection and application development. 3. Samsara: Samsara is a well-known IoT service provider. “Samsara” provides solutions for fleet management, wireless connectivity between devices, industrial operations within organizations, etc. They offer help to increase the safety and sustainability of organizational operations. Their main focus is on providing the best IoT solutions with their user-friendly platform, which has a wide range of applications that promote sustainable solutions across various industries. 4. Softeq: Softeq’s main office is located in ‘Houston’. They also have a delivery center in ‘Germany’ and a development center in ‘Minsk’. They have worked with many big “MNCs, such as Microsoft, HP, Verizon, Lenovo, etc. Their team consists of highly competent engineers and developers who use modern technologies to bring your ideas to life. 5. Vates: Vates provides IoT and software development services. They have “agile-certified experts” and “30 years of software delivery experience”. Vates an IoT app development company offers effective IT solutions that can promote your business’s success. 6. Lanars: Lanars is a mobile app technology company. They provide hardware and software development solutions for industry. “Lanars” use cutting-edge approaches to deliver technically innovative digital services. It has “8 years of experience” in this industry and has a huge market. 7. Verizon: Verizon provides transformative IoT solutions, from fleet management to smart cities. It is one of the most “well-known global companies.” It has long been a leading name in IoT and is still expanding its new services, such as “mobile edge computing”. Their aim is to supply a reliable network that fits the user’s requirements. 8. Oxagile: Oxagile is a reputable company that provides software development services, hardware prototypes, and the integration of cloud services. They use the latest technology trends and unique ideas to ensure that your product matches your needs. 9. PTC: PTC is a widely recognized provider of IoT services that offers a customer-friendly solution that helps industries manage digital requirements. “Parametric Technology Corporation” is a full form of PTC. Engineers and designers can use “PTC’s CAD software” to generate detailed 3D models of their products. 10. IBM: IBM is a leading company in providing hosting services in different areas, such as mainframe technology. They mainly focus on “hybrid cloud solutions” to manage and deploy applications easily. IBM is also known as one of the leaders in “Quantum computation research and development.” Source: https://www.agicent.com/blog/iot-app-development-companies/

How Do Free Apps Make Money? Making money with free apps is a trending topic in the mobile application development world. The mobile app industry has been active for over a decade and is now generating billions of dollars in the revenue. Research shows from 2021 to 2022 the app and game revenues increased by 19.1% to $133 Billion and most of these Free Apps and games are free to download upfront and then charge for subscription or in-app purchases. Hence, it’s an estimate that the mobile app industry is most likely to hit a whopping $407.31 Billion by 2026. With more than three billion smartphone users, the industry keeps on expanding and bringing more revenue in the upcoming years. While there is so much growth and spread of apps across the globe, the demand for custom app development is at an all-time high. For App Tech startups, the app is a core product, but even for non-app tech startups the app is an essential tool to engage with their customers and users and to improve the overall business process. Hence this makes startups and entrepreneurs curious for answers to a few questions. Popular Revenue Models For How Do Free Apps Make Money 1. Revenue through Mobile Advertising In-app advertisement method, the most common and easiest method to implement when it comes to money-making apps via a third-party ad network like Google AdMob or Tapjoy (iron source) etc. As per the latest report by business standard the global mobile ad spend is going to reach $362 Billion and $412 Billion in 2023 and 2024 respectively. The free app market has always outnumbered the paid ones when it comes to profit and download numbers, however an app should have a large user base in order to convert that into significant revenue through in-app ads. 2. App Monetization through Sponsorships / Sponsored Content Another interesting and exciting method to earn money from a mobile app is sponsorship. In this method, the app owner needs to figure out the appropriate platform to launch the app. A platform or brand that has its identity before and a great audience base should be preferred. 3. In-app Purchase Freemium Model Another way to make money with free mobile apps is to offer in-app purchases in a Freemium Model. A Freemium Model means you offer some features of the Apps for free, while charge for some premium features. These are purchases that are made while the app is open. In-app purchases include things like extra lives, bonus levels in a game, or virtual goods in a social media app. 4. App Subscription Model The App subscription-based model is one of the most popular and finest app monetization strategies over the last few years, however it is also a part of the in-app purchase. In this method, users can subscribe to join, try for a while, and then pay a regular monthly fee for access. Subscription-based apps tend to see higher revenue per user than apps with other business models. This type of monetization is recommended for cloud-based services, audio and video streaming apps or OTT Apps, and Media Services etc. As per the Subscription Trade Association, 75% of distributor-to-consumer businesses will have a subscription-based leg of their business by 2023. 5. Selling Physical goods As the name suggests, the apps that sell physical goods make money by how? By selling physical goods on e-commerce apps or on food delivery apps or taxi booking apps. These Apps are free, their content is free and all you pay for is to buy a physical good or service out of it. Please note that such apps accept payments through a payment gateway (like PayPal, stripe) and not via in-app purchase. Hence don’t give commission to Google or Apple but to the respective payment gateway provider. The commission of such payment gateways is usually 2.9 % of the total sales. 6. Affiliate and Referral Marketing Monetization Model Affiliate is another variation of sponsorship. In place of granting advertising rights solely to one organization, you negotiate with interested parties and place their reference links in your application. Referral Marketing includes promoting a third-party product or service as a way to upgrade revenue opportunities for your app. App publishers sell or promote affiliates based on the number of clicks or installs. For this one can use pop-up ads to endorse someone else’s application or advertise products. Source: https://www.agicent.com/blog/how-do-free-apps-make-money/