Top 10 Product Development Companies [UPDATED 2024]

Top product development companies, often operating behind the scenes, are the architects of remarkable creations that have revolutionized industries and our daily routines. Step into the realm of innovation, where ideas come to life, and the hands of visionaries shape the future.

From pocket-sized gadgets that redefine convenience to medical breakthroughs that save lives, these companies drive us into uncharted territory. This exploration reveals the top 10 product development firms,, propelling us into a new era. Get ready to journey through groundbreaking technologies, human-centered designs, and the enchantment of transforming imagination into reality.

1. Glorium Technologies

Glorium Technologies provides personalized technology consulting services and software development solutions. Their track record includes delivering impressive outcomes through top-notch product offerings to startups and companies of diverse scales across the globe. Their portfolio boasts a collection of more than 100 implemented products.

With a workforce exceeding 200 skilled experts, the company possesses multiple ISO certifications, including ISO 9001 for Quality Management, ISO 13485 for Quality Management in Medical Devices, and ISO 27001 for Information Security Management Systems. As a Microsoft Silver Partner, they are experts in furnishing solutions based on Microsoft’s technology suite.

Hourly rate: $50 — $99 / hr
Employees: 250–999
Founded: 2010
Awards:

• Inc.5000 (2020, 2021, 2022, 2023)
• Inc. Regionals (2021, 2022) fastest-growing private companies in America
• The 2023 Global Outsourcing 100 by IAOP
• Real Leaders Impact Awards (2023)
• Top B2B Service Providers for Sustained & Fast Growth in Clutch (2021)
• Top 1000 Global Service Providers in Clutch (2022)
• TechBehemoths’s Top Custom Software Development Companies in the US (2022)

2. ELEKS

ELEKS is the favored collaborator for many global enterprises, SMEs, and technology innovators. Their role is to aid businesses in amplifying their value proposition via tailor-made software development, product design, QA, and consulting services. ELEKS’ distinguishing trait lies in their unwavering dedication to delivering concrete value to their clients.

What truly distinguishes ELEKS is their team’s meticulous attention to detail and quality, setting them apart within the industry. They transcend the role of a mere service provider, placing equal emphasis on their clients’ triumphs. In this journey, they share the developmental risks, empowering clients to embrace new technologies with confidence.

Rate: $50 — $99/hr
Employees: 1,000–9,999
Founded: 1991
Awards:

• Top 1000 Global Companies in 2022 by Clutch
• Cybersecurity Excellence Award 2021
• AI/ML Team of the Year
• Top App Development Companies 2023
• Top Software Developers in 2021 by Clutch
• Best of the Global Outsourcing 100

3. Intellias

Intellias functions as a global technological partner for esteemed organizations and digital pioneers, assisting them in expediting their sustainable digital transformation endeavors. Intellias has undertaken pivotal projects, delivering tangible results that align with our client’s business requirements.

Drawing on extensive expertise in emerging technologies, domain-specific knowledge, and a culture of high-performance product development, they collaborate with entities spanning diverse industries. The company aims to help them conceive groundbreaking digital products and immersive experiences.

Rate: $50 — $99/hr
Employees: 1,000–9,999
Founded: 2002
Awards:

• Ernst & Young national top choice for IT professionals
• №1 IT employer and №2 across industries ranked by Forbes
• Leader in the IAOP Global Outsourcing 100 list for five consecutive years

4. Luxoft

Luxoft is a worldwide IT service provider renowned for delivering tangible business outcomes via cutting-edge technological solutions. Their offerings encompass strategic consulting, software development, and digital solution engineering.

Luxoft caters to various industries with a diverse portfolio, including finance, automotive, communications, healthcare, and life sciences. Through their expertise, they empower businesses to maintain their competitive edge in the market.

Hourly rate: $100 — $149/hr
Employees: 10,000+
Founded: 2000
Awards:

• Luxoft recognized as AMS Innovative Partner of the Year in Tricentis Awards 2022
• Best Leadership Teams 2023 in Comparably
• Best CEOs for Diversity 2023 in Comparably

5. Epam

EPAM Systems distinguishes itself in the fields of both digital and physical product development, along with providing services for digital platform engineering. This places the company in a prominent position at the forefront of the industry.

EPAM’s achievements can be credited to its forward-thinking approaches, comprehensive advisory and consulting prowess, creative design capabilities, and a unique Engineering DNA that imbues all of its endeavors. By leveraging globally dispersed hybrid teams, EPAM actively molds a palpable tomorrow for its clients and global communities.

Hourly rate: $25 — $49/hr
Employees: 10,000
Founded: 1993
Awards:

• Top 20 fastest growing firms by Consulting Magazine 2022
• Ranked four times as the top IT services company on Fortune’s 100 Fastest-Growing Companies list
• Awarded LinkedIn’s Best Culture of Learning Talent Award 2021

6. Future Processing

Established in Poland as a software development firm, they comprise a team of over 1000 individuals. This team provides comprehensive services to clients worldwide, taking projects from conceptualization to realization. Their approach involves attentive listening, expert advice, meticulous design, and successful delivery of top-notch, user-friendly IT solutions. They operate with agility to meet client needs effectively.

Employing their established frameworks, they have successfully contributed to creating numerous software products. Their client portfolio includes small and medium enterprises and prominent market-leading brands, encompassing Fortune 500 companies.

Hourly rate: $50 — $99/hr
Employees: 250–999
Founded: 2000
Awards:

• The Forbes Diamonds — awarded the diamond status in 2023
• 2023 Global Outsourcing 100 honoree, recognized by IAOP
• Top Developers Poland 2023 — according to the ranking conducted by Clutch
• Named Top Software Developers 2023 by TechReviewer
• Named Client Delivery Team of the Year 2022 at the Global Sourcing Association awards

7. SoftServe

SoftServe is a premier digital consultancy offering adept direction and state-of-the-art technological resolutions. Their focal point lies in the metamorphosis and enhancement of business workflows. Proficiency spans across healthcare, retail, energy, and finance domains.

Their dedication lies in unbarred innovation, fostering novel concepts, and executing revolutionary products and services. By embracing open innovation, they empower clients to maintain an edge in the ever-evolving digital realm.

Hourly rate: $100 — $149 / hr
Employees: 10,000+
Founded: 1993
Awards:

• Corporate Member of the Year award by IoT Community.
• Silver at the 6th annual Globee® Awards.

8. Edvantis

Edvantis, a vendor specializing in software development, offers diverse collaboration avenues tailored to its clients. They offer a clearly outlined array of outsourcing models that cater to immediate client needs while being scalable for future business growth.

Whether clients are new to IT outsourcing or possess expertise in overseeing extensive software development teams, Edvantis is adept at steering them toward the most suitable method for realizing their ideas. Through collaborative efforts, they design efficient technical resolutions and provide sustained assistance to foster ongoing client expansion.

Rate: $50 — $99/hr
Employees: 250–999
Founded: 2005
Awards:

• 2023 Global Outsourcing 100® list produced by IAOP®
• Silver Winner of International Business Award 2022 by Stevie
• Top IT Services & Consulting Company by Designrush.com
• Top Custom Software Development Company by iTRate.co

9. Sigma Software Group

Sigma Software Group is a prominent software development and consulting entity. Boasting a workforce exceeding 2000 professionals, they extend their aid to various clients, ranging from startups to Fortune 500 enterprises. Their services encompass a wide spectrum, including software solutions, digital transformation initiatives, and web and application development.

Their proficiency shines in crafting clinical and pharmaceutical portals meticulously aligned with the healthcare sector’s stringent regulations and security benchmarks. Furthermore, they exhibit prowess in adapting software systems to adhere to healthcare prerequisites and in sculpting top-tier quality management processes tailored to healthcare-oriented businesses.

Rate: $50 — $99/hr
Employees: 1,000–9,999
Founded: 2002
Awards:

• 2023 Global Outsourcing 100® list produced by IAOP®
• Top B2B companies 2021 by Clutch global
• Winner of the EGR B2B Award 2020
• Top App Development Software by GoodFirms

10. Craft Innovations

Craft Innovations represents a global research and UX design establishment specializing in aiding leaders in exploring customer requirements while conceiving products and services that ignite user enthusiasm.

The company’s impressive clientele includes renowned entities such as Mastercard, UNDP, BAT, prominent EU banks, fintech, and investment conglomerates, as well as game and Web3 development enterprises, IT product firms, startups, global telco billing solution providers, and both food and non-food retail establishments.

Rate: $100 — $149/hr
Employees: 10–49
Founded: 2019
Awards:

• Ranked Among the Top 5 Product Design Globally by The Manifest
• Voted Best in the Global Top 100 User Experience by 50Pros
• Placed in the Top 18 Market Research Worldwide by The Manifest
• Among the Top Market Research Performers in Financial Services by Clutch
• Recognized as a Top Design in Toronto by Clutch

Conclusion

Imagine a world where ideas turn into real things that change our lives. Product development companies are like the magicians behind this transformation. They take cool ideas and make them into gadgets, tools, and technology we use daily.

So, these top 10 companies aren’t just making things — they’re shaping the future. They’re making life cooler and easier with their creative ideas. Glorium Technologies, for example, has made over 100 awesome products that people love. It is like a friend helping businesses get better with their software skills.

In my perspective, Glorium can fulfill anyone’s business needs. So, as you embark on your product development journey, remember that the right partner can truly shape the trajectory of your business and contribute to the ever-expanding tapestry of human ingenuity.