PTC Named a Visionary in Gartner Magic Quadrant for Industrial IoT Platforms for the Second Consecutive Year

PTC (NASDAQ: PTC) today announced that it has been positioned in the Visionaries quadrant by independent industry analyst firm Gartner in its Magic Quadrant for Industrial IoT Platforms¹. According to the report, PTC placed highest for its ability to execute for the second consecutive year.

Gartner defines the market for Industrial Internet of Things (IIoT) platforms as “a set of integrated software capabilities to improve asset management decision making and operational visibility and control for plants, infrastructure and equipment within asset-intensive industries and environments.”

Gartner’s Magic Quadrant for Industrial IoT Platforms is comprised of two axes – ‘ability to execute’ and ‘completeness of vision.’ Gartner’s ‘ability to execute’ evaluation criteria encompasses the robustness of the product or service, overall viability, sales execution/pricing, market responsiveness and track record, marketing execution, customer experience, and operations.

“We are pleased to once again be named a Visionary in Gartner’s Magic Quadrant for Industrial IoT Platforms,” said Jim Heppelmann, president and CEO, PTC. “We believe that being positioned as the highest in ability to execute for the second year in a row underscores our commitment to IIoT and continues our trajectory toward being recognized as the definitive market leader.”

PTC’s ThingWorx^® industrial innovation solutions platform is the centerpiece of its IIoT technology portfolio. Comprised of a rapid application development platform, device connectivity, machine learning capabilities, augmented reality, and integration with leading device clouds, ThingWorx delivers a comprehensive IIoT technology stack that enables customers to securely connect assets, quickly create applications and experiences, and innovate new ways to capture value. PTC also offers a wide range of solutions that extend the ThingWorx platform with packaged capabilities based on the most common use cases found in industrial settings.

For additional information on PTC’s position within the IIoT platforms market, please access a complimentary copy of the full Magic Quadrant report here: Gartner 2019 Magic Quadrant for Industrial IoT Platforms.

¹Gartner Magic Quadrant for Industrial IoT Platforms, Eric Goodness, Scot Kim, Ted Friedman, Alfonso Velosa, Emil Berthelsen, Amitesh Shrivastava, 25 June 2019

Required 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, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Additional Resources

• PTC’s Workforce Productivity Solutions for Manufacturing
• ThingWorx IIoT Solution Platform
• Harvard Business Review: "How Smart, Connected Products are Transforming Competition," authors PTC CEO Jim Heppelmann and Harvard Professor Michael Porter

About PTC (NASDAQ: PTC)
PTC unleashes industrial innovation with award-winning, market-proven solutions that enable companies to differentiate their products and services, improve operational excellence, and increase workforce productivity. With PTC, and its partner ecosystem, manufacturers can capitalize on the promise of today’s new technology to drive digital transformation.

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PTC, ThingWorx, and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.

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