Software has become an essential part of businesses of all sizes, enabling them to streamline operations, enhance customer experiences, and drive growth. However, finding the right software development partner can be a challenging task. With so many options available, identifying a team that aligns with your specific needs and consistently delivers high-quality results can be overwhelming. Choosing the wrong partner can result in wasted time, increased costs, and even damage to your brand’s reputation.
If you’re seeking guidance on the top players in the field, you’re in the right place. To make this process easier, we’ve done the research and gathered the most valuable information to present you with the top 10 software development companies of 2024. Our evaluation considers authentic reviews and each company’s capabilities to ensure you’re well-informed.
At Mallow, we understand how important it is to choose the right partner. With years of experience in software development, we’ve honed our skills to deliver innovative, efficient solutions that help our clients achieve their business goals through advanced technology.
To assist you further, we’ve curated this list of the top 10 software development companies based on key factors, including average hourly rate, Clutch review score, company size, technical specialties, industry expertise, minimum project size, years of experience, and location. The companies are listed in no particular order.
The top 10 IT Software development companies in 2024
- ScienceSoft
- ELEKS
- Naked Development
- Phenomenon Studio
- Protonshub Technologies
- Kanda Software
- Suffescom Solutions
- Light IT Global
- BairesDev
- Imaginary Cloud
ScienceSoft
ScienceSoft is an IT consulting and software development company with 35 years of experience, offering end-to-end development services from business analysis to software delivery and support. Their expertise includes software consulting, custom software development, enterprise software solutions, software product development, cloud application development, support and maintenance, and legacy software modernization. ScienceSoft assists at any software development lifecycle (SDLC) stage and provides tailored solutions to meet diverse business needs.
| Criteria | Details |
| Average hourly rate | $50 – $99 / hr |
| Clutch review score | 4.8 |
| Company size | 250 – 999 |
| Industry expertise | Financial services, Medical & Other Industries |
| Minimum project size | $5,000+ |
| Years of experience | 35+ |
| Location | USA, Europe & Gulf Cooperation Council |
ELEKS
ELEKS is a software engineering company with over 33 years of experience, offering comprehensive software development services. They specialize in full-cycle custom software development, covering everything from initial design to deployment and support. ELEKS leverages advanced technologies like AI, data analytics, machine learning, cybersecurity, and cloud consulting to create scalable, future-ready solutions. Committed to long-term client partnerships, ELEKS focuses on developing software that addresses both immediate needs and adapts to evolving business challenges.
| Criteria | Details |
| Average hourly rate | $50 – $99 / hr |
| Clutch review score | 4.9 |
| Company size | 1,000 – 9,999 |
| Industry expertise | Logistics, Fintech, Retail, Insurance, Automotive, Healthcare, Agriculture, Energy, Media & Entertainment. |
| Minimum project size | $50,000+ |
| Years of experience | 33+ |
| Location | Ukraine, USA, Canada, Japan, UK, France, Netherlands, Switzerland, Germany, Estonia, Croatia, Saudi Arabia, UAE, & Poland |
Naked Development
Naked Development is a US-based app development company that transforms ideas into thriving app businesses. They provide end-to-end services, including brand strategy to ensure alignment with a business’s identity, and product design to create engaging, user-friendly interfaces. Their product strategy focuses on creating scalable solutions by streamlining and refining ideas. Naked Development’s skilled software engineers bring deep coding expertise to the development process, while their digital marketing services target audience engagement to help startups achieve their goals.
| Criteria | Details |
| Average hourly rate | $150 – $199 / hr |
| Clutch review score | 4.5 |
| Company size | 10 – 49 |
| Industry expertise | Consumer products & services, Financial services, Arts, entertainment & music, Business services, Home Services, Medical, eCommerce, Automotive, Legal, Media & Sports |
| Minimum project size | $25,000+ |
| Years of experience | 6+ |
| Location | USA |
Phenomenon Studio
Phenomenon is a product design and development company with over 5 years of experience, specializing in data-driven solutions and business-centric digital products. The company focuses on delivering user-centered designs and scalable software solutions, with expertise in SaaS, EdTech, FinTech, and Healthcare. Their services include UI/UX design, web and mobile development, MVP creation, and branding. The team of 50+ professionals works closely with clients to improve key business metrics, ensuring efficient scaling, strategic guidance, and transparent processes throughout development.
| Criteria | Details |
| Average hourly rate | $150 – $199 / hr |
| Clutch review score | 5 |
| Company size | 50 – 249 |
| Industry expertise | Education, Financial services, Medical, Other industries & Real estate |
| Minimum project size | $10,000+ |
| Years of experience | 5+ |
| Location | Poland, Estonia, Switzerland, Ukraine, United States & United Kingdom |
Protonshub Technologies
Protonshub Technologies is a software development company with over 6 years of experience, specializing in mobile and web app development. The company is focused on delivering innovative and robust digital solutions by leveraging the latest tools and technologies. With a skilled team of professionals, Protonshub Technologies aims to provide exceptional software development services, ensuring high-quality results for its clients.
| Criteria | Details |
| Average hourly rate | $25 – $49 / hr |
| Clutch review score | 4.7 |
| Company size | 50 – 249 |
| Industry expertise | eCommerce, Consumer products & services, Financial services, Information technology, Education, Food & Beverage, Medical |
| Minimum project size | $5,000+ |
| Years of experience | 6+ |
| Location | United States, India |
Light IT Global
Light IT is a software development company with over 18 years of experience, specializing in providing innovative web and mobile solutions for startups and enterprises. The company focuses on delivering custom software development, dedicated team formation, business digital transformation, and IT consulting services. Light IT has expertise in web, mobile, and SaaS development, cloud solutions, AI, machine learning, big data, blockchain, and QA and DevOps services.
| Criteria | Details |
| Average hourly rate | $25 – $49 / hr |
| Clutch review score | 4.9 |
| Company size | 50 – 249 |
| Industry expertise | Education, Medical, Financial services, Business services & Other Industries |
| Minimum project size | $25,000+ |
| Years of experience | 18+ |
| Location | Education, Medical, Financial services, Business services &Other Industries |
Kanda Software
Kanda Software is a software development company with over 31 years of experience, specializing in the development of time-sensitive and innovative SaaS, mobile, and on-premises solutions. The company offers a range of services, including custom software development, software design, cloud engineering, business intelligence solutions, data analytics, legacy software modernization, application security, and digital transformation
| Criteria | Details |
| Average hourly rate | $50 – $99 / hr |
| Clutch review score | 5 |
| Company size | 250 – 999 |
| Industry expertise | Medical, Information technology, Advertising & Marketing, Financial services & Real estate |
| Minimum project size | $100,000+ |
| Years of experience | 31+ |
| Location | United States |
Suffescom Solutions
Suffescom Solutions is a software development company with over 11 years of experience in the industry, specializing in AI and blockchain technologies for nearly 5.5 years. The company focuses on delivering custom software solutions that help clients grow their businesses and enhance their brands. Suffescom Solutions offers a wide range of services, including mobile app development, web development, and AI-driven solutions, all tailored to meet the specific needs of its clients.
| Criteria | Details |
| Average hourly rate | $25 – $49 / hr |
| Clutch review score | 4.9 |
| Company size | 250 – 999 |
| Industry expertise | Financial services, Gaming, eCommerce, Automotive, Education, Information technology, Medical, Real estate, Supply Chain, Logistics, and Transport |
| Minimum project size | $25,000+ |
| Years of experience | 11+ |
| Location | India, USA & UK |
BairesDev
BairesDev is a software development company with over 15 years of experience. The company specializes in providing senior software engineers proficient in English, working the same hours as their clients, and experts in over 100 technologies and programming languages. BairesDev offers a comprehensive range of services, including custom software development, QA and software testing, front-end and back-end development, mobile app development, and modernization and migration.
| Criteria | Details |
| Average hourly rate | $50 – $99 / hr |
| Clutch review score | 4.9 |
| Company size | 1,000 – 9,999 |
| Industry expertise | Information technology, Financial services, Medical, Advertising & marketing, Business services, Consumer products & services & Other industries |
| Minimum project size | $50,000+ |
| Years of experience | 15+ |
| Location | Canada, Argentina, Brazil, Mexico, Colombia & Spain |
Imaginary Cloud
Imaginary Cloud is a software development company that specializes in designing scalable technology solutions for Enterprise and Scale-up companies. With over 14 years of experience, the company focuses on delivering user-centered, reliable solutions that enable seamless digital transformation. Through its proprietary development processes, Imaginary Cloud ensures the successful execution of projects that drive growth and innovation for its clients.
| Criteria | Details |
| Average hourly rate | $50 – $99 / hr |
| Clutch review score | 4.9 |
| Company size | 50 – 249 |
| Industry expertise | Education, Financial services, Gambling, Information technology, Legal, Medical, Real estate, Retail, Supply Chain, Logistics, and Transport & Telecommunications |
| Minimum project size | $25,000+ |
| Years of experience | 14+ |
| Location | UK, USA, & Portugal |
Comparing the top 10 IT software development companies
| Company name | Avg. Hourly rate | Min. Project size | Company size | Years of experience | Clutch review score |
| ScienceSoft | $50 – $99 / hr | $5,000+ | 250 – 999 | 35+ | 4.8 |
| ELEKS | $50 – $99 / hr | $50,000+ | 1000 – 9999 | 33+ | 4.9 |
| Naked Development | $150 – $199 / hr | $25,000+ | 10 – 49 | 6+ | 4.5 |
| Phenomenon Studio | $150 – $199 / hr | $10,000+ | 50 – 249 | 5+ | 5 |
| Protons Hub Technology | $25 – $49 / hr | $5,000+ | 50 – 249 | 6+ | 4.7 |
| Light IT Global | $25 – $49 / hr | $25,000+ | 50 – 249 | 18+ | 4.9 |
| Kanda Software | $50 – $99 / hr | $100,000+ | 250 – 999 | 31+ | 5 |
| Suffescom Solutions | $25 – $49 / hr | $25,000+ | 250 – 999 | 11+ | 4.9 |
| BairesDev | $50 – $99 / hr | $50,000+ | 1,000 – 9,999 | 15+ | 4.9 |
| Imaginary Cloud | $50 – $99 / hr | $25,000+ | 50 – 249 | 14+ | 4.9 |
By now, you have a solid overview of the top IT software development companies and a good understanding of the factors to consider when selecting the best fit for your project. With this knowledge, you’re prepared to make informed decisions as you navigate the hiring process and choose a development partner that aligns with your goals.
To further assist, we’ve prepared an article – A step-by-step guide on choosing the right application development team. This guide will provide you with practical insights to help you select a development team that meets your needs and expectations.
As you review potential partners, consider working with Mallow if:
- You require custom software solutions tailored to your unique business needs, using modern frameworks like Python, Ruby on Rails, Laravel, ReactJS, iOS, Android, DevOps, and Flutter for robust, scalable applications.
- Your project involves modernising or upgrading legacy systems to more current, high-performing architectures with the latest technologies.
- You need a microservices-based architecture with skilled expertise in tools such as Docker, Kubernetes, and Apache Kafka to ensure efficient communication and scaling across services.
- Your project demands seamless data management across relational databases like PostgreSQL and MySQL or NoSQL databases like MongoDB and DynamoDB.
- Real-time communication and data exchange are essential, and you need integration with protocols and tools like WebSockets, MQTT, or RabbitMQ for responsive, instant interaction within your application.
- Advanced search functionality is a priority, and you’re seeking optimized user experiences with technologies like Elasticsearch or Solr for fast, efficient search and data retrieval.
- You require an auto-scaling environment with balanced, scalable servers, robust caching, and optimized databases, using tools like AWS, Azure, or Google Cloud Platform for cloud infrastructure.
With Mallow, you gain access to a team of skilled and experienced developers proficient in the latest technologies and best practices in software development. Whether you’re developing a feature-rich application or enhancing an existing one, we’re here to help bring your project to life. If you think Mallow might be the right fit for your needs, reach out here to schedule a conversation with us.
