PTC Named a Visionary in Gartner Magic Quadrant for Industrial IoT Platforms for the Second Consecutive Year
July 09 2019 - 9:00AM
Business Wire
PTC Positioned Highest for Ability to
Execute
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.
PTC.com @PTC Blogs
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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PTC Corporate Communications Jack McAvoy jmcavoy@ptc.com
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