The mobile app sector is propelling the smartphone revolution that has taken the world by surprise. Your smartphone is truly “smart” because it has access to a wide variety of useful applications. Undoubtedly, mobile applications are used for anything from entertainment to money and time management to education, video streaming, chatting, fitness tracking, and anything else you can think of.
Market research estimates a CAGR of 11.5% for the mobile app industry between 2019 and 2027, valuing the market at $154 billion in 2019. Since the demand for smartphones is growing, so is the amount of data being used and the number of people accessing the internet.
As a company owner, you need to always work on improving your firm to the next level. Many small and medium-sized enterprises (SMEs), entrepreneurs, and startups hope to close the gaps and make the most of digitalization.
They do it by releasing mobile applications at a time when turning digital is essential for maintaining smooth operations. This is when the most prominent mobile app companies come into the picture, helping large businesses resolve technical issues. The companies below have been ranked by annual revenue.
1. Groovy Web: US $1 billion
Groovy Web provides businesses and organizations across all sectors with high-quality, cost-effective services. It is staffed by young, enthusiastic people with the necessary modern skills and knowledge to set themselves apart in a crowded marketplace. Some of its core services include the following:
- Android App Development,
- React Native App Development,
- Cross-Platform App Development,
- iOS App Development,
- Progressive Web App.
The organization has spent a great deal of time and resources over the years evaluating client needs, creating innovative solutions, and putting them into action.
The company has not only won the favor of its customers but has also been named the top app development company by Mobile App Daily. The company has managed to grow in recent years and earned a revenue of US $1B last year.
2. Alphabet Inc: US $69.09 million
California-based Alphabet Inc. is among the top mobile app companies in the world. As a holding company, it acquires and manages a variety of businesses, and its operations are split between Google and Other Bets.
Alphabet Inc. is behind the Android platform, including the Play Store. Amazingly, more than three million Android apps are listed in the Google Play store, and the numbers are growing by the day. Not only this, the company has created YouTube, one of the most influential apps of modern times with over 2 billion users monthly.
The organization is also responsible for well-known mobile applications such as:
The Google Cloud platform and service is available for app developers. On the other hand, companies like Waymo, CapitalG, Calico, Access, GV, Verily, and X are included in the Other Bets division.
As of 2022, Alphabet has a net worth of US $1135 billion with total assets worth US $357 billion. The market cap is at US $1.42 trillion.
3. Rightpoint: US $251.5 million
Rightpoint is a technology-driven customer experience consultancy. To help its clients thrive in the age of constant change, it combines insight, strategy, design, and technology, which helps produce powerful digital experiences.
Rightpoint’s recent acquisition of Raizlabs has given the company a solid footing in the mobile app development space. It enables the company to provide clients with innovative technology solutions that help them meet their customers’ demands in the mobile-first era.
Some of its specialties include:
- Digital Services,
- IT Consulting,
- Microsoft Tech,
- Web Development,
- Systems Integrator,
- Business Intelligence.
Across its 10 locations, Rightpoint’s 450 workers have helped it be recognized as one of Crain’s 50 Fastest Growing Companies in Chicago. The company is growing at an exponential pace and earns a revenue of US $251.5M per year.
4. Altoros: US $75.8 million
Altoros was established in 1999 with headquarters in Western Massachusetts and a branch office in Tampa. From its headquarters in Minsk, Belarus, the company oversees a software development center serving Eastern Europe.
Altoros is an active participant in both the New England Business and Technology Association (NEBATA) and the Massachusetts Software and Internet Council (MASSOFT), the two most prominent trade associations in the state of Massachusetts for the software industry. It offers services in various categories, including:
- IT Consulting,
- Platform Support Services,
- Cloud Native Development,
- Application Modernization.
Its lifecycle services encompass everything from initial design and concept to regular updates and bug fixes. It offers its services for platforms like:
- LAMP/Open Source.
The company offers data-driven businesses and organizations software engineering services for quality assistance in maintaining high-tech software products. In recent years, it has included some top names in its clientele.
Some of them are large ISVs, such as QuinStree and Autodesk, while others are VC-backed startups like Sony. And this extensive client list helps it earn a revenue of US $75.8M per year.
5. ScienceSoft: US $20 million
When it comes to creating software, ScienceSoft is your one-stop shop. Founded in 1989 and with over 700 employees, ScienceSoft is among the very best app development companies in the US.
Its developers and the firms it has worked with always aim for perfection, no matter if you need its services to create bespoke software or provide enterprise solutions.
Companies like NASA, eBay, Walmart, IBM, and many more are among its satisfied customers. The company has developed successful businesses in various categories, including:
- Customer Relationship Management,
- Data Analytics,
- Electronic Commerce,
- IT Security.
The company began modestly and focused on expanding the basis of a single technology (artificial intelligence) and has since expanded to include additional technologies, such as:
ScienceSoft is a top app development firm because of its ability to create, test, release, and maintain native mobile apps for Android, iOS, PWA, and cross-platform mobile apps. It has over 350 success stories in its app development portfolio, and the numbers are definitely growing. In fact, its peak revenue hit US$ 20M in 2021.
6. Cheesecake Labs: US $18.4 million
When it comes to developing cutting-edge technological products, Cheesecake Labs is the ideal software design and engineering partner. It is a process-savvy company, which has assembled a diverse team of engineers, designers, and project managers to work with clients to create innovative, satisfying solutions.
The company offers a variety of services for the creation of software, including:
- Software Design,
- User Interface and User Experience Design,
- Project Management,
- Backend Engineering and Testing.
The company offers services in different sectors from healthcare to automotive to e-learning to fintech. It is for this reason that it has some big names as its clients, such as:
- Singularity University,
With a minimum project size of $50,000, Cheesecake Labs earns an estimated US $18.4M per year and is likely to grow in the coming years.
7. Eleviant Tech: US $ 5 million+
For over 18 years, Eleviant Tech has been at the forefront of mobile app development. It has been assisting both small and large businesses in enhancing their client experiences and generating more income.
Expertise in Android, Native iOS, and cross-platform frameworks like React Native, Flutter, and Xamarin are among the many skillsets represented at Eleviant. The 250 mobile apps developed by Eleviant span numerous business domains, including:
- Financial Services,
Eleviant’s core services include the following:
- Application Development,
- UI/UX Services,
The workforce size varies between 250 and 500 people. Eleviant Tech’s annual revenue is between $5 million and $25 million.
8. Resourcifi: US $5 million
Founded in 2009, Resourcifi ranks high as a mobile app development both domestically and internationally. The company excels in both Native and Hybrid app creation, making them the best in the business.
The company has created and provided its customers with top-notch mobile applications. Resourcifi, one of the leading app development firms, has a multicultural staff and developers who are experts in creating mobile apps for a wide range of sectors, including the following:
It has an extensive portfolio of clients, which helps it hit over $5 million in revenue. Some of its top clients include:
- Stanford University,
- Philosophy Talk,
- Proximity Learning.
The company’s mobile app development team is always one step ahead of the curve. And they are fully capable of using cutting-edge features and capabilities to the benefit of their customers.
One good thing is that it allows you to hire mobile app developers on a variety of schedules, including part-time, full-time, and project-based.
9. Owebest Technologies: US $2 million
Founded in 2013, Owebest Technologies is now a leading information technology firm. With its head office in India, it maintains a presence in various other countries, including:
- United States,
It uses robust procedures to guarantee the timely completion of projects that meet its stringent quality requirements. The truth is that Owebest delivers the best services because of its streamlined processes, which help with the creation of projects and the proper execution of new innovations.
Besides mobile app development, Owebest also offers a number of other services, such as:
- Website Development,
- Center Blockchain Development,
- Custom Software Development,
- Enterprise Mobility,
- NFT Marketplace Development,
- Offshore Development,
- B2B Portal Development.
The company always pays attention to its client’s needs and treats projects on an individual basis. Overall, Owebest adds value to the operations of companies of all sizes. Some of its top clients include:
- Spur Experience,
- Armenian Passion,
It is because of its growing portfolio of clients that it makes a revenue of $2M.
10. The Distance: US $1 million
The company has been creating apps for mobile devices since the introduction of the original iPhone. A large number of well-known and respected companies have put their trust in it to design and develop apps for their respective platforms.
A highly specialized team develops the company’s apps in-house at its York-based app development office. Its specialty is in creating apps for both the iOS and Android platforms. But it also offers other services related to:
- React Native.
It has dedicated UK app developers working on all major app stores to ensure a top-notch product. Over the year, the company has served many top clients, including:
- Bentley Motors,
- Astra Zeneca,
- PGA Golf.
By providing high-quality services to clients worldwide, Distance manages to earn a revenue of up to $1M, which is definitely growing.