ThingWorx Recognized for Fast and Easy Creation of IoT Applications and Dashboards
NEEDHAM, Mass. – January 12, 2017 –– 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.
1. PTC Again Named IoT Leader by Experton Group
ThingWorx Recognized for Fast and Easy Creation of IoT Applications and Dashboards
NEEDHAM, Mass. – January 12, 2017 –– 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.
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 deviceclouds. 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 capitalizeon the Internet of Things by providing them with world-class tools and
2. 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
ThingWorx IoT Platform
Harvard Business Review: "How Smart, Connected Products are Transforming Companies,"
authors PTC CEO Jim Heppelmann and Harvard Professor Michael Porter
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 relatedto 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 2016" is based on the "Experton Market Insight" methodology
developed by Experton Group AG. This validated and internationally acknowledgedmethodology
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.
Media contacts