Breaking Down the Cost Components for IoT App Development

“In 2016, global spending on the IoT was approximately $737 billion. IDC predicts that by 2020, it will touch $1.29 trillion with a CAGR of 15.6 percent.”

This make us wonder how much does it cost to build an iot app? As a Digital Transformations company that has developed and launched Iot apps for healthcare, connected cars and connected manufacturing, we feel we are the best fits to answer this question.