NEEDHAM, Mass. – August 21, 2018 –– PTC (NASDAQ: PTC) today announced that it has been named a leader in the Industrial IoT software platforms market for its ThingWorx® Industrial Innovation Platform, according to a new evaluation from Forrester Research. In the Forrester evaluation, entitled “The Forrester Wave™: Industrial IoT Software Platforms, Q3 2018,” PTC was the among the top five highest ranked in the current offering category and among the top four in the strategy category.
Forrester evaluated the current offering, strategy, and market presence of PTC and 14 other vendors. Each company was evaluated according to a comprehensive set of 24 criteria, grouped into three high-level categories: current offering, strategy, and market presence. Participating vendors all had a significant focus on the industrial domain and its use cases, native support for key industrial protocols, and a strong international presence. Within that context, PTC was deemed a leader by Forrester.
Regarding PTC’s standing in the evaluation, Forrester notes: “PTC fuses device connectivity strength with augmented reality vision … and the company offers rich capabilities spanning design, manufacture, service, and operations, combining these in accessible end-user applications.”
ThingWorx is the centerpiece of PTC's Industrial Internet of Things technology portfolio, and it exemplifies PTC’s commitment to IIoT innovation. ThingWorx is comprised of a rapid application development platform, connectivity, machine learning capabilities, augmented reality, and integration with leading device clouds. These capabilities combine to deliver a comprehensive IoT technology stack that enables customers to securely connect assets, quickly create applications and experiences, and innovate new ways to capture value.
Over 1,000 companies, including Elisa, Heidelberg, Sysmex America Inc., and Vodafone, are using the ThingWorx platform to support their IoT strategies and to create new business value in a smart, connected world.
The report cited partners among ’key differentiators,’ and PTC has built strategic relationships with several of the esteemed companies within the Wave’s Leaders and Strong Performer categories, as well as hundreds of other complementary partners and resellers.
“We are proud to be named a leader in this independent evaluation, and we believe that being included in this Forrester report validates our strategy and market success,” said Iain Michel, general manager, ThingWorx business unit, PTC. “In our view, this recognition is yet another testament to the strength of our innovation platform and the acceptance by companies around the world looking to capitalize on the immense opportunities created by the Industrial Internet of Things.”
The recognition from Forrester continues a long string of industry recognition from press and industry analysts around the world, including 451 Research, Compass Intelligence, Experton Group, Gartner, IDC, IoT Analytics, Berg Insight, IoT ONE, and Quadrant Knowledge Solutions. Most recently, PTC’s ThingWorx has been awarded IoT Evolution Product of the Year.
To access more information about the report, visit here.
PTC helps companies around the world reinvent the way they design, manufacture, operate, and service products in and for a smart, connected world. In 1986 we revolutionized digital 3D design, and in 1998 were first to market with Internet-based product lifecycle management. Today, our leading industrial innovation platform and field-proven solutions enable you to unlock value at the convergence of the physical and digital worlds. With PTC, manufacturers and an ecosystem of partners and developers can capitalize on the promise of the Internet of Things and augmented reality technology today and drive the future of innovation.
PTC, ThingWorx, and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.