Did you know? In 2021, VR will be used by approx 17% of people in America, and by 2025 this number could reach 50%. (Source: Techjury.net)

Virtual reality development companies are shaking up the technology industry like never before, and they’re doing it in more ways than one. From games to online shopping, the possibilities for what a company can do with virtual reality are really limitless. In fact, the demand for virtual reality will grow at an unprecedented rate in the coming years, and it is expected that market size could reach close to $20 billion by 2024.

Source: Statista

Now, what is the best way to stay up-to-date on virtual reality development? Lucky for you, we have compiled a list of companies considered some of today’s biggest names in this industry. These innovative giants all share one thing in common: they plan on continuing to make VR more accessible and immersive throughout 2021!

Besides, we have prepared this list based on several factors, including technical feasibility, year of establishment, number of employees, etc.

List of 20 Virtual Reality Development Companies

Here is the list of companies that are doing exciting things in the world of virtual reality.

1) IFLEXION

Founded in 1999, IFLexion is a virtual reality company located in Denver, CO. They specialize in VR application development and consulting services, and some of their clients include Adidas, Expedia, Xerox, etc.

Further, suppose you’re thinking of hiring a virtual reality developer that will build your app from scratch or adds virtual reality capabilities to existing apps. In that case, IFLexion should be one of your top choices. Their expertise ranges from Unity 3D game development to augmented reality apps. If you need more convincing, check out their incredible portfolio.

Key Pointers:

  • Founded In 1999
  • Team Size:250–999
  • Min. Project Size- $10,000+
  • Avg. Hourly Rate- $25 — $49 / hr
  • Location- Denver CO

2) ScienceSoft

ScienceSoft is a leading virtual reality development company. They work hard to provide their clients with exceptional virtual reality solutions across all platforms. ScienceSoft prides itself on several different attributes, including its excellent customer service and broad platform support.

Clients can expect customized solutions based on specific needs and goals, as well as a commitment to quality that’s unparalleled in other virtual reality development companies. ScienceSoft boasts extensive experience working with startups and large-scale enterprises alike.

Key Pointers:

  • Founded In 1989
  • Team Size 250–999
  • Min. Project Size- $5000+
  • Avg. Hourly Rate- $25 — $49
  • Location- McKinney, TX

3) iTechArt Group

iTechArt Group is a NY-based & one of the top app development companies that create virtual reality applications. Virtual reality has become a hot topic over recent years, and it’s expected to continue growing as more people catch on to how fun it can be. One of the iTechArt Group’s greatest strengths is its proprietary software, creating engaging virtual reality apps much easier than before. So, feel free to hire a virtual reality developer from iTechArt Group.

Key Pointers:

  • Founded In 2002
  • Team Size:250–999
  • Min. Project Size- $25,000+
  • Avg. Hourly Rate- $25 — $49 / hr
  • Location- New York

4) Talespin

Founded in 2015, Talespin is a virtual reality development service provider focused on building world-class solutions and experiences for all platforms. They have worked with Fortune 500 companies such as Visa, COX, and Stanford to help them better engage with their customers. Talespin’s team has extensive experience developing enterprise solutions, computer games, and animations for several platforms.

Key Pointers:

  • Founded In 2015
  • Team Size: 10–49
  • Min. Project Size- $50,000+
  • Avg. Hourly Rate-$50 — $99
  • Location- Los Angeles, CA

5) NOMTEK

NOMTEK is a global software and services company specializing in virtual reality (VR) and augmented reality (AR). Based in Wrocław, Poland, NOMTEK employs more than 200 staff members worldwide. The company provides comprehensive software development tools that enable enterprises to create AR/VR applications.

It also offers professional services that help organizations build custom solutions across business domains, including manufacturing/production, defense/aerospace, retail & marketing, automotive & transportation, and oil & gas.

Key Pointers:

  • Founded In 2009
  • Team Size: 50–249
  • Min. Project Size- $50,000+
  • Avg. Hourly Rate- $50 — $99 / hr
  • Location- Wrocław, Poland

CTA: Need to get in touch with one of the top virtual reality companies? Then check out this list right now!

6) Onix-Systems LLC

Onix-Systems is a U.S.-based virtual reality software development company. They founded in 2000, providing custom development services for clients such as Misterb&b, Adoric, WinePicker, and Hashplay Inc. The company offers consulting services to organizations who want to learn more about virtual reality and its implementation in various industries, such as real estate, architecture, and healthcare.

Key Pointers:

  • Founded In 2000
  • Team Size: 50–249
  • Min. Project Size- $25,000+
  • Avg. Hourly Rate- $35
  • Location- Kropyvnytskyi, Ukraine

7) VR Vision

VR Vision is a team of professionals specializing in the latest technology, but keep an eye on emerging technologies like Augmented Reality and Virtual Reality. They want their clients to be progressive, so they incorporate experts with a similar passion. They provide all forms of support, from marketing and branding to software development and app development.

Key Pointers:

  • Founded In 2017
  • Team Size: 10–49
  • Min. Project Size- $50,000+
  • Avg. Hourly Rate- $150 — $199 / hr
  • Location- Toronto, Canada

8) AVRspot

If you require a virtual reality developer, look no further than AVRspot. This is a top VR company, and they have a proven track record in developing experiences for all kinds of platforms, including mobile VR devices. They have a team of creative minds developing highly immersive experiences for more than a decade. Their goal is to help you bring your vision to life, so contact them today!

Key Pointers:

  • Founded In 2017
  • Team Size: 50–249
  • Min. Project Size- $5,000+
  • Avg. Hourly Rate- $25 — $49
  • Location- New York

9) Groove Jones

Founded in 2015, Groove Jones is a virtual reality company in Dallas, TX. They started with a focus on virtual reality games, but they now provide content for almost any platform you can imagine. They also offer consulting services, including graphics and game programming, prototyping, video production, and web design. Whether your business is established or just starting, you want to make sure the company you hire provides end-to-end support.

Key Pointers:

  • Founded In 2015
  • Team Size: 10–49
  • Min. Project Size- $25,000+
  • Avg. Hourly Rate- $100 — $149 / hr
  • Location- Dallas, TX

10) Realworld One

Realworld One is one of the top virtual reality companies designing and developing VR, AR & MR applications. They have an extensive team of experienced designers who are passionate about their work to bring you the best virtual reality experience possible! Besides, they also provide VR game development services to entrepreneurs, entertainment industry players, and media companies.

Key Pointers:

  • Team Size: 50–249
  • Min. Project Size- $10,000+
  • Avg. Hourly Rate- $50 — $99 / hr
  • Location- Wilmington, NC

11) CitrusBits

For those looking for a company that does VR, AR development work, then CitrusBits is the perfect place to start. They have app designers with passion and enthusiastic developers on board, so your project will be a sure-fire success!

CitrusBits is all about pushing boundaries for developing new technologies, projects and experimenting with new ideas. They have a strong background in both VR and AR development, so you can rest assured they’ll think outside the box when it comes to your next project.

Key Pointers:

  • Founded In 2005
  • Team Size: 10–49
  • Min. Project Size- $25,000+
  • Avg. Hourly Rate- $100 — $149
  • Location- Los Angeles, CA

12) SubVRsive

SubVRsive is a tech agency that specializes in concept creation and app design. They have over five years of experience with software development, making them an industry leader when it comes to cutting-edge technology solutions for your business needs! With Subvrsives’ wide range of capabilities across various domains like event production or even VR/AR innovation — you can rest assured knowing they’ll get the job done right from the start (concept) through the finish line.

Key Pointers:

  • Founded In 2015
  • Team Size: 10–49
  • Min. Project Size- $5,000+
  • Avg. Hourly Rate- < $25
  • Location- Austin, TX

13) Live Animations

Live Animations is a full-stack design and virtual reality company that’s located in Melville, NY. They have built an exceptional track record for themselves by helping entrepreneurs and established businesses manage their technical aspects with applications or websites. They are internationally recognized for their expert UI/UX design, building custom technology solutions, and driving business growth.

Key Pointers:

  • Founded In 2014
  • Team Size: 50–249
  • Min. Project Size- $10,000+
  • Avg. Hourly Rate- $100 — $149
  • Location- Melville, NY

14) Gramercy Tech

Gramercy Tech is a mobile app development company that provides services for both startups and Fortune 500 companies. They have over 40 employees working in AR/VR, Mixed Reality, Interactive Technology, Experience Design, Software Development, among other things, to help businesses grow their customer base online through engaging internet experiences. Therefore, it’s best to hire virtual reality developers from Gramercy Tech.

Key Pointers:

  • Founded In 2003
  • Team Size: 10–49
  • Min. Project Size- $10,000+
  • Avg. Hourly Rate- $100 — $149
  • Location- New York

15) Exyte

Exyte is a digital service provider headquartered in New York specializing in AR/VR development and provides other services, including custom software and IT strategy consulting, to small-mid market companies. The team of 40 people works with the enterprise customers to build experience-driven digital solutions using AR/VR technologies.

Key Pointers:

  • Founded In 2014
  • Team Size: 10–49
  • Min. Project Size- $10,000+
  • Avg. Hourly Rate-
  • Location- New York

16) Program-Ace

Founded in 1992, Program-Ace is one of India’s leading Virtual Reality Development companies. Their team has years of experience creating interactive and immersive 3D graphics for different platforms like iOS, Android, PC, and Mac. They have a pool of virtual reality developers who can create content for users with any level of technical expertise. So whether you are looking to create engaging games or apps; or design practical engineering solutions, they will help you achieve your goals.

Key Pointers:

  • Founded In 1992
  • Team Size: 50–249
  • Min. Project Size- $10,000+
  • Avg. Hourly Rate- $25 — $49
  • Location- Kharkiv, Ukraine

17) Cemtrex Labs

CemtrexLabs is an innovative company that specializes in providing virtual reality applications and services. They work closely with the clients to understand their industry, build a strategy based on market research, create interactive prototypes, and design the software.

Key Pointers:

  • Founded In 2009
  • Team Size: 50–249
  • Min. Project Size- $10,000+
  • Avg. Hourly Rate- $50 — $99
  • Location- New York

18) Appello Software

Appello software was founded by a group of passionate people who want to create cutting-edge virtual reality experiences. The team brings years of experience in web and mobile development and user experience design with engineering services for innovative solutions that result in groundbreaking results!

Key Pointers:

  • Founded In 2016
  • Team Size: 10–49
  • Min. Project Size- $10,000+
  • Avg. Hourly Rate- $50 — $99 / hr
  • Location- Sydney, Australia

19) UnboltSoft

UnboltSoft’s mission is to help small businesses and mid-market clients revolutionize their industries with cutting-edge technology. They do this by providing innovative AR/VR development, mobile app building services, and web design that will take your company from good but not great up to greatness.

Key Pointers:

  • Founded In 2015
  • Team Size: 10–49
  • Min. Project Size- $5,000+
  • Avg. Hourly Rate- < $25 / hr
  • Location- Dnipropetrovs’k Ukraine

20) Addevice

Addevice is a leading IT company specializing in AR/VR development, mobile app production, and web-based solutions. They have 40+ employees in Armenia’s Yerevan region, serving clients across all industries from gaming to education, healthcare, finance, and more. They have been around since 2014, one of the early adopters of new technology in Armenia.

Key Pointers:

  • Founded In 2014
  • Team Size: 10–49
  • Min. Project Size- $5,000+
  • Avg. Hourly Rate- $25 — $49 / hr
  • Location- Yerevan, Armenia

Wrapping Up!

Although technology continues to improve, virtual reality is still very much in its infancy. Many developers are working hard to perfect their VR products and experiences — but when will they reach mainstream audiences?

It’s difficult to predict when virtual reality will finally go mainstream, but it’s already generating massive revenues for tech companies. Based on what we know now, here are 20 virtual reality companies you should know about. We hope you’ll find this list helpful!