There are 1 Companies in Montenegro
that provide IoT Development Services!

The IT sector is the fastest-growing sector of the republic’s economy. Hardware is the largest segment, with 55% percent, the ICT market in Montenegro is the second-largest segment with 30% and software represents 15% of the ICT market.

Some of the advantages of Montenegro are the skilled and low-cost workers with high English skills and ICT-related education, good infrastructure, and low taxes for corporations. The sector has constant growth, and it supplies other countries with well-educated IT professionals. 

Also, according to Statista, Montenegro’s IT outsourcing industry is expected to grow significantly in the coming years, reaching $19.14 million by 2025. In addition, an annual GACR for 2025-2030 of more than 7% is predicted. The average Spend per Employee in the market of IT outsourcing grew to $66.16 in 2025, underlining an increased amount of resources for each employee in this field.

Why Should Somebody Work With Montenegro Companies?

There are many reasons to work with Montenegro companies, from the highly qualified professionals, the low salaries with software engineers median salary being 917 - 3K€ a month with 1 to 2 years of experience, the low taxes for companies, to the constant growth of the industry and being near the European Union.

These are some of the advantages of working with Montenegro’s companies: the low cost while still being a country near the EU, also the transit is easy with Montenegro because of the advantage of having a Schengen Visa, and no need to have a national entry visa, which makes business easier.

There’s a good cost-safety relation with outsourcing IT projects to this country, which is why there are companies in over 37 countries, including Europe, North America, Asia, Australia, the Middle East, and the Scandinavian countries. There are also a good number of international companies, such as Switzerland, Sweden, France, the UK, and Malta, that are developing IT products in Montenegro for other markets and providing cheaper costs to multinational IT companies. 

What Somebody Should Be Aware of When Working With IT Companies From Montenegro

The first thing you have to be aware of is that Montenegro is not in the European Union, so there may be different rules and laws, and of course, you are not under the protection of any EU Agreements or laws. This also applies to some international agreements. It is important to say that Montenegro is generally safe, but there are a few things to take into account. If you plan to have a meeting, there’s a risk of natural disasters. Unfortunately, the country has a geographical location that makes earthquakes, floods, torrents, and droughts pretty common. In addition to this, organized criminal groups are active, particularly in the northern areas at the border with Kosovo, but shooting incidents can also happen in Skopje, which is the capital of the country. Also, gunfire can be heard as part of a celebration.

In other aspects, fake company scams can occur, but they are not too common. The safety is compromised in some parts of the region, but while working with this industry as outsourcing services, there are no more risks than in other countries in the region. It is important to find companies with proven experience. There are a lot of big companies that work as usual from other countries in the region without any noticeable incidents. Be sure that the company follows international best practices and everything is according to the law.

How Reliable Are IT Companies From Montenegro?

With the fast growth of the IT industry in the country, scams grow too, but generally speaking, Montenegrin companies are certainly reliable. Some laws can help with this. Some of the industry-specific laws are the following:

• Agreement between Montenegro and the EU for the “Horizon 2020” program.
• Law of Copyrights.
• Methodology for Assessing the Value of Information Technology.

The ICT industry is really an important piece of the general economic situation of the country, even if it’s not its main driver. Also, Montenegro is ranked #51 on the Mobile SpeedTest Global Index. And for desktop, mobile, and tablet median speed was 175.18Mbps download and 48.38Mbps upload speed.

How Does the IT Industry in Montenegro Relate to the Neighboring Regions/Countries?

In relation to this, we will analyze the IT industry in Montenegro, Kosovo, and other countries.

Montenegro has a very young working population, with 69% of the population of employees being between 25 to 29 years old. Their major market to export to is Italy, with 15.4% of IT services. Also, this country has the lowest corporate tax rate for those companies whose activity is software development, and the country has a very strong entrepreneurial potential, while the government continues to boost laws and strategies to help with this.

The ICT sector in Kosovo has a positive trade balance, where 78% of the companies export services, being 23% to Switzerland and 19% to Germany. Also, the government works with laws and opportunities to offer strong learning in IT and English skills.

Bulgaria is a very attractive country for IT and business production outsources, with its software development outsourcing sector rising significantly to $900 million and the expansion of the ICT industry by 300% valued at 2.5 billion euros. We can also see its good development, as in 2024 it was ranked 38th by the Global Innovation Index.

After bad performances from 2014 to 2016, Greece has stabilized the IT sector and, from 2017, started to show slow but steady growth. In 2025, the software market is expected to reach $446.9 million, with the dominant segment Enterprise Software with a market value of $189.02 million the same year, according to Statista. Their internet connection is up to standards, having a solid 4G network and ranked the 32nd globally with a download speed of equal to 123.93 Mbps and an upload 16.29 Mbps.

We also need to have a look at Romania’s industry to finish this section. This country has particularly well-qualified management and technical workers; the current trends in outsourcing in Eastern Europe have allowed Romanian IT service providers to establish themselves in a high position when compared with other European competitors. This country is the 6th in the world, regarding IT certified specialists per capita, ahead of Germany, the UK, and Canada, because of their multilingual and technical skills.

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.