There are 2 Companies in Luxembourg
that provide IoT Development Services!

The Luxembourgish ICT market is considered to be mature and sophisticated but still open and innovative. The market is highly competitive but at the same time has opportunities for international trade, especially for small and medium-sized businesses.

Now, in 2020, the ICT sector is one of the most dynamic in Luxembourg, with a turnover of 35 billion euros the ICT sector contributes 10% of GDP per year.

The average net salary of a Luxembourgish web developer is estimated to be around 2545 EUR, with an hourly rate of 22EUR. This makes the Luxembourgish IT industry one of the most expensive in Europe but at the same time highly-qualified due to IT education investment and government policies that support this economic pillar and its continuous development

Why is it worth working with a Luxembourgish IT company?

Luxembourgish web agencies and IT companies provide the full range of services required on the market. But also, companies focus and tend to develop several specific IT branches that proved to be required both on the local and international markets. In this way, based on a study performed by Open Export Luxembourgish agencies are among the best in Europe in providing the following services: 

1. E-health

2. Fintech

3. Cybersecurity

4. Big Data

5. Digital and Social Marketing

6. ICT for education

7. E-Government 

What to pay attention to when working with Luxembourgish-based agencies

As it was mentioned from the very beginning, the Luxembourgish IT industry is one of the most expensive in Europe. Also, Luxembourgish agencies like many western countries perform Business Process Outsourcing, by recruiting human resources and professionals from cheaper countries.

Are Luxembourgish Companies reliable? 

As one of Europe’s most popular IT hubs, Luxembourg is reachable almost exclusively to companies that can invest and survive on the market. The tough competition within its borders and also in the region combined with high living prices created a favorable environment for either big or serious companies. 

How Luxembourgish IT infrastructure relates to its neighboring countries?

Even though Luxembourg has a well-developed IT infrastructure and supports the presence of all types of business entries on the IT market, the neighboring country’s IT capacities make a good competition and create similar or even higher opportunities for ICT. According to the Entrepreneur, Germany, Netherlands, and France are the leading IT Hubs in Europe alongside Luxembourg, which makes the first three  - a good alternative for IT startups and web projects. 

Luxembourg still remains one of the most preferred and trusted countries in the world for IT innovation, web development, web design, and creative projects.

How ICT will evolve in Luxembourg in 2022?

Stability is the most descriptive word for the ICT industry in Luxembourg. Ever since it has become one of the leading FinTech countries in the world, the small but plentiful country focuses on developing and already fine-tuning its best branch. That's probably why we won't see in 2022 a totally different Luxembourg compared to previous years. This means that no huge number of IT companies won't come, or appear. Other tech capabilities that Luxembourg has, along with a well-integrated digital life have nothing to do than maintain the course. However, there is always something happening there, such as small tech events dedicated to startups, innovation, or entrepreneurship. So, the final verdict is Whatever changes Luxembourg's ICT sector, won't make it quick, and definitely not in 2022

IoT (Internet of Things) is a giant network with connected devices. These devices collect and share data about how they are used and the environment in which they are operated. 

IoT Development is the process of creating and deploying Internet of Things (IoT) devices and applications. Everything is done using sensors that are built into every physical device. These sensors continually emit data about the working state of devices and send it to the IoT platform, further analytics is performed on the data and valuable information is extracted as per requirement. The output is shared with other devices for a better user experience.

IoT Development has gained immense popularity in recent years, as the number of connected devices continues to grow at a rate of 25% year-over-year. By 2025, it is estimated that there will be over 30.9 billion IoT-connected devices worldwide.

Most IoT devices have the word smart at the start of their names: smartphones, smart watches, smart DVS, and smart homes. All these smart technologies are one of the essential criteria on which smart cities rely. 

As we see Internet of Things (IoT) development plays an important role:

• Improve operations by collecting and analyzing data from IoT devices.

• Increase efficiency by automating tasks and processes.

• Reduce costs by optimizing their operations.

• Create new revenue streams by offering new IoT-based products and services.

When choosing an IoT Development service provider for a project, we suggest you consider the following criteria:

• Look for a company with experience and expertise in IoT development, and a skilled team of IoT specialists.
• Check for reviews and feedback from previous clients.
• Make sure the company understands your needs.
• Ensure the company prioritizes data security
• Consider the level of post-development support

Custom IoT development can be a complex and challenging process, but TechBehemoths is a valuable resource for finding the best IoT Development companies for your projects with over 1228 companies in 85+ countries. The platform provides detailed company profiles, client reviews, and ratings to help you evaluate and compare different service providers and choose the one that meets your needs.

We’ve created also a powerful filter that you can use to narrow down the results based on your requirements and shortlist the companies. 

Alternatively, you can submit your project and our team will select and send you the best matching companies in about 1 hour.