NEWS: PTC Named a Leader in Gartner Magic Quadrant for Industrial IoT Platforms

  • PTC Positioned Furthest to the Right for Completeness of Vision

BOSTON — November 3, 2020 — PTC (NASDAQ: PTC) today announced that it has been named a Leader by independent industry analyst firm Gartner in its Magic Quadrant forIndustrial IoT Platforms1. According to the report, PTC placed furthest to the right for its completeness of vision.

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

Gartner’s Magic Quadrant for Industrial IoT Platforms is comprised of two axes – “Ability toExecute” and “Completeness of Vision”. Gartner’s “Completeness of vision” evaluationcriteria encompasses a company’s market understanding and business model, along withits marketing, sales, offering (product), vertical/industry, innovation, and geographicstrategies.

“We are very proud to be named a Leader in Gartner’s Magic Quadrant for Industrial IoTPlatforms,” said Joe Biron, Divisional General Manager, IoT Segment, PTC. “We believe thatbeing recognized for our ‘Completeness of vision’ is due to our understanding of the IIoTmarket, our innovation efforts, and our ability to offer a business model that makes it simplefor our customers to be successful.”

PTC’s ThingWorx IIoT solutions platform offers industrial enterprises the tools to implement acomplete digital transformation – from how they design and manufacture products tohow they create value and engage with customers. ThingWorx provides end-to-endcapabilities to connect devices and build robust IoT solutions and compelling end-userexperiences that are simple to create, easy to implement, and enable companies toaccelerate time-to-value.

For additional information on PTC’s position within the IIoT platforms market, please accessa complimentary copy of the full Magic Quadrant report here: Gartner 2020 MagicQuadrant for Industrial IoT Platforms.

Gartner Magic Quadrant for Industrial IoT Platforms, Eric Goodness, Alfonso Velosa, Ted Friedman, EmilBerthelsen, Scot Kim, Peter Havart-Simkin, Katell Thielemann, 19 October 2020


Gartner Disclaimer

Gartner does not endorse any vendor, product or service depicted in its researchpublications, and does not advise technology users to select only those vendors with thehighest ratings or other designation. Gartner research publications consist of the opinionsof 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.


About PTC (NASDAQ: PTC)

PTC enables global manufacturers to realize double-digit impact with software solutionsthat enable them to accelerate product and service innovation, improve operationalefficiency, and increase workforce productivity. In combination with an extensive partnernetwork, PTC provides customers flexibility in how its technology can be deployed to drivedigital transformation – on premises, in the cloud, or via its pure SaaS platform. At PTC, wedon’t just imagine a better world, we enable it.


Original News Publication - PTC News

Date - 3rd November, 2020


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