PTC Earns Recognition for Industrial IoT Business
On November 1, 2021, PTC announced its recognition as a Leader in multiple industry reports related to Industrial IoT, including ABI Research's Smart Manufacturing Platforms, Forrester Wave, IDC MarketScape, and Gartner Magic Quadrant. PTC is the only vendor to achieve this status across all four assessments, reinforcing its commitment to the market. CEO Jim Heppelmann emphasized the accomplishment as validation of PTC's strategies. The firm continues to develop its ThingWorx platform to address evolving manufacturing needs.
- PTC recognized as a Leader in ABI Research's, Forrester Wave, IDC MarketScape, and Gartner Magic Quadrant reports.
- PTC is the only vendor recognized as a Leader in all four major assessments.
- Recognition validates PTC's strategy and commitment to the Industrial IoT market.
- None.
BOSTON, Nov. 1, 2021 /PRNewswire/ -- PTC (NASDAQ: PTC) today announced it has been recognized as a Leader in ABI Research's Smart Manufacturing Platforms Competitive Ranking report. PTC has also been recognized as a Leader in The Forrester Wave: Industrial IoT Software Platforms, Q3 2021 report. Further, PTC has been named a Leader in the IDC MarketScape for Industrial IoT Platforms and Applications for Manufacturing report (1). Finally, PTC has been named a Leader in the Gartner Magic Quadrant™ for Industrial IoT Platforms report.
According to each industry report, PTC is a Leader in Industrial IoT platforms. PTC is the only Industrial IoT vendor to be included in all four reports, and to have placed as a Leader in all four reports.
Each research firm conducted its own assessment of the Industrial IoT market. The research criteria, methodologies, and list of Industrial IoT capabilities assessed are unique to each analyst firm.
"We believe recognition as a Leader across all of these reports is an impressive accomplishment for the ThingWorx® team. To us, these results reinforce our strategy and commitment to the Industrial IoT market. We will continue to evolve ThingWorx to meet the needs of manufacturers and address the highest priority manufacturing and service use cases," said Jim Heppelmann, President and CEO, PTC.
"PTC is proud to be named as a Leader in each assessment," said Joe Biron, CTO and GM of IoT, PTC. "We recognize that each of these leading firms has a unique perspective on the Industrial IoT market and employed different criteria for their assessments. We believe placing consistently as a Leader demonstrates PTC's ability to meet the complex needs of Industrial enterprises with a world-class platform that delivers successful business results."
Through years of experience in the digital engineering, manufacturing, and service fields, PTC has identified patterns that are utilized and defined common use cases that solve various business problems. With this knowledge, PTC has built Industrial IoT solutions that help solve these challenges. The latest, ThingWorx® Digital Performance Management, was announced in October.
Forrester Disclaimer:
The Forrester Wave™ is copyrighted by Forrester Research, Inc. Forrester and Forrester Wave™ are trademarks of Forrester Research, Inc. The Forrester Wave™ is a graphical representation of Forrester's call on a market and is plotted using a detailed spreadsheet with exposed scores, weightings, and comments. Forrester does not endorse any vendor, product, or service depicted in the Forrester Wave™. Information is based on best available resources. Opinions reflect judgment at the time and are subject to change.
Gartner Disclaimer:
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose
GARTNER and Magic Quadrant registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and are used herein with permission. All rights reserved.
Gartner, Magic Quadrant for Industrial IoT Platforms, By Alfonso Velosa etc., 18 October 2021
IDC Disclaimer:
About IDC MarketScape: IDC MarketScape vendor assessment 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.
About PTC (NASDAQ: PTC)
PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. In combination with an extensive partner network, PTC provides customers flexibility in how its technology can be deployed to drive digital transformation – on premises, in the cloud, or via its pure SaaS platform. At PTC, we don't just imagine a better world, we enable it.
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