The cost of services provided by IoT development agencies varies widely based on factors such as project complexity, the number of devices involved and the required level of customization. For smaller projects, such as developing basic IoT applications or integrating a limited number of devices, costs may start around $10,000 to $50,000. Mid-range projects that require custom software, data analytics and cloud integration typically range from $50,000 to $150,000.
Larger, more complex Internet of Things solutions, such as industrial automation systems or smart city infrastructures, can exceed $200,000 or more. These costs are influenced by elements like hardware requirements, advanced features (e.g., real-time data processing or AI integration) and ongoing maintenance. Agencies may also charge additional fees for post-deployment support, scalability enhancements and security updates. Businesses should consult with IoT development firms to get an accurate estimate tailored to their specific needs and objectives.