PTC Again Named IoT Leader by Experton Group
ThingWorx Recognized for Fast and Easy Creation of IoT Applications and Dashboards
PTC (NASDAQ: PTC) today announced it has been named an IoT Platform Leader for the second consecutive year by
the Experton Group in its Industry 4.0/Internet of Things Vendor Benchmark 2017 report. Experton Group identified and analyzed 15 IoT
platform providers, six of which were stated as having a highly attractive product and service offering, a very strong market and
competitive position, and placed in the Leader Quadrant. The report details the perceived strengths and challenges associated with
each vendor.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170112005595/en/
PTC has been named an IoT Platform Leader for the second consecutive year by the Experton Group in its Industry
4.0/Internet of Things Vendor Benchmark 2017 report. (Graphic: Experton Group)
Experton ranked PTC one of the two highest in the Leader Quadrant, citing the unique selling proposition of the PTC ThingWorx® IoT platform as being “the fast and easy creation of IoT applications and dashboards,
also without in-depth IT skills and long learning phases.” ThingWorx is comprised of rapid application enablement, connectivity,
machine learning capabilities, augmented reality, and integration with leading device clouds. These capabilities combine to deliver
a comprehensive IoT technology stack that enables companies to securely connect assets, quickly create applications, and innovate
new ways to capture value. Experton also recognized PTC for its strategic collaborations, thought-leader reputation, ecosystem of
developers and system integrators, and strong PLM customer base.
“PTC, with its ThingWorx IoT platform, continues to lead the market segment,” said Arnold Vogt, senior advisor, Experton Group.
“Since our 2016 benchmark report was published, the company has made two additional strategic acquisitions that greatly
strengthened its USP over the competition. The ThingWorx platform now includes augmented reality capabilities through the
acquisition of the market leading Vuforia® AR technology. Also very strong in its favour is the acquisition of the
leading Kepware® industrial automation technology. Regarding the ecosystem, PTC is also ahead of its competitors
boasting a marketplace with over 200 ThingWorx-driven apps and extensions.”
Additionally, Experton Group ranked PTC as a Leader for Industrial Big Data Analytics Solutions, citing PTC’s focus on a 360°
view of the development and production process and its strong reputation among engineers, designers, and developers in the
manufacturing industry. “PTC is closer to product development and production than any other IT provider,” said Vogt.
Experton’s recognition punctuated a year of significant achievement for PTC’s IoT business. In 2016, PTC added a substantial
number of new customers and partners to its IoT roster, integrated new industrial connectivity and machine learning technology into
the ThingWorx® platform, launched a new augmented reality (AR) user experience capability, and improved the overall
functionality of its ThingWorx IoT platform, while earning recognition and validation from many other industry groups.
“We’re pleased that the Experton Group has again recognized PTC’s strengths and market leading position,” said Jim Heppelmann,
president and CEO, PTC. “We are focused on empowering our customers to capitalize on the Internet of Things by providing them with
world-class tools and solutions. Our success at bridging the digital and physical worlds enables the fundamental transformation of
the way products and systems are created, operated, and serviced.”
Additional Resources
About Experton Group
Experton Group is the leading fully integrated research, advisory and consulting company for mid-sized and large organizations,
maximizing the business value of their ICT investments through innovative, neutral and independent expert advice. Experton Group
offers consulting services, market surveys, conferences, seminars and publications related to information and communications
technology issues. Our consulting portfolio includes technology, business processes, management and business co operations,
investments and mergers. Experton Group’s founders have many years of consulting and research experience. Experton Group started
business in July, 2005. Today Experton Group AG and Experton Group FZ-LLC are in existence. The company has offices in Munich and
Kassel. More information: http://www.experton-group.com/home.html.
About the Industry 4.0/Internet of Things Vendor Benchmark 2017
The "I4.0/IoT Vendor Benchmark 2017" is based on the "Experton Market Insight" methodology developed by Experton Group AG. This
validated and internationally acknowledged methodology serves as the basis for the evaluation and positioning of the individual
vendors. For each vendor, a detailed scoring based on key and additional secondary criteria is provided for each product category.
These criteria are weighted, based on the respective product category, resulting in an assessment of the individual offering’s
attractiveness (“portfolio attractiveness”) and the strength of the individual vendor’s market and competitive position
(“competitive strength”).
About PTC (NASDAQ: PTC)
PTC has the most robust Internet of Things technology in the world. In 1986 we revolutionized digital 3D design, and in 1998
were first to market with Internet-based PLM. Now our leading IoT and AR platform and field-proven solutions bring together the
physical and digital worlds to reinvent the way you create, operate, and service products. With PTC, global manufacturers and an
ecosystem of partners and developers can capitalize on the promise of the IoT today and drive the future of innovation.
PTC.com @PTC Blogs
PTC, ThingWorx, Vuforia, Kepware, and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in
the United States and other countries.
PTC
Jack McAvoy, 781-370-6143
Corporate Communications
jmcavoy@ptc.com
or
FleishmanHillard
Sara Steindorf, 314-982-1725
sara.steindorf@fleishman.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20170112005595/en/