NEEDHAM, MA – January 26, 2016 – PTC (NASDAQ: PTC) today announced IDC Corporation has named PTC as a leader in the new research report “IDC MarketScape: Worldwide Retail Brand Product Innovation and PLM 2016 Vendor Assessment” (doc #US40521315, January 2016). PTC’s retail solutions help retailers and brand owners simplify the complex challenges of bringing products to market – with robust solution functionality, work automation, visibility, and connectivity across consumers, products, stores, designers and supply chains.
The IDC MarketScape observes that “companies today are increasingly faced with multiple challenges that necessitate the next iteration of [product lifecycle management] PLM. This is [new] PLM with a digital core, with configurable, collaborative, and visual business processes, rich data and analytics access, and design components integrated tightly to optimize responsiveness to customers and suppliers.”
The IDC MarketScape examined the capabilities and strategies of 12 key vendors in the retail brand product innovation and product life-cycle management (PLM) applications market. The 12 vendors all have a significant retail brand market presence, continued growth in the retail brands market, and a wealth of experiences and best practices to share with retail brands and are enabling retailers using their solutions to innovate the way in which they design, source, and supply goods.
Following in-depth research and analysis, the IDC MarketScape identified PTC Windchill® FlexPLM® PLM software for retail brands as a leading product innovation and PLM platform. The PTC solution integrates end-to-end product development and supply chain capabilities, enabling end users to plan, create, develop, source, cost, and follow finished goods through their lifecycle to achieve rapid time-to-value. The report goes on to say, “retail brands can now also leverage PTC's fairly recent portfolio addition ThingWorx, an award-winning platform for building and running applications for the Internet of Things. The retailer benefits by being able to derive valuable insights from production and sales operations that can be used to improve product innovation, development, and sourcing decision processes.”
According to Leslie Hand, vice president, IDC Retail Insights, "The bar has been reset for excellence in retail brand product innovation and PLM platforms. Today's best-in-class capabilities enable the digital transformation of product innovation and PLM processes, based on a foundational digital core, with configurable, collaborative, and visual business processes, rich data and analytics access, and design components integrated tightly to optimize responsiveness to customers and suppliers."
“We are honored to have been selected by the IDC MarketScape as a leader in retail product innovation and PLM, stated Eric Symon, general manager, Retail Business Unit, PTC. “The PTC retail solution provides a robust portfolio and IoT technologies to meet our customers’ evolving needs and enable new ways of working in the digital world.”
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360 degree assessment of the strengths and weaknesses of current and prospective vendors.