PTC Earns Top Scores, Placing Above GE, Siemens, and SAP in PAC RADAR IoT Platforms Europe 2018 Report
NEEDHAM, Mass. — (BUSINESS WIRE) — November 1, 2018 — PTC (NASDAQ: PTC) today announced it has been named best in class by the market analysis and consulting company PAC in its PAC RADAR IoT Platforms in Europe 2018 Report. For the report, PAC examined more than 120 platforms and evaluated 43 in seven segments. PTC received highest marks in the competence dimension for Rapid Application Deployment and Industrial Devices, ranking above GE, SAP, Siemens, and Software AG, among others.
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PTC received the highest marks for rapid application deployment and industrial devices, ranking above GE, SAP, Siemens, and Software AG, among others in the PAC RADAR IoT Platforms in Europe 2018 Report. (Graphic: Business Wire)
“The market for IoT platforms is extremely complex and dynamic. We are observing the emergence of new market segments and the repositioning of some providers. While we are seeing the beginning of consolidation in some market segments, the number of providers in other areas is exploding,” said Arnold Vogt, principal consultant and IoT analyst, CXP Group. “Therefore, it is important for companies to gain clarity when selecting the vendor best suited to help them transform their businesses. The newly released results show that PTC continues to lead the IoT market segment, remaining closer to product development and production than any other IT provider.”
PTC was rated as significantly above average based on the following criteria:
- Strategic focus on IoT platforms
- Thought leadership on IoT platforms
- IoT applications to support vertical use cases
- User experience & rapid application deployment capabilities
- IoT platform capabilities (device management, analytics, application development)
- IoT ecosystem of developers & systems integrators in Europe
- IoT labs in Europe
- Unique selling proposition (USP)
- Market perception in Europe
- Ecosystem of developers & systems integrators in Europe
- Client access and relationship in Europe
“PAC’s comprehensive market analysis of the European IoT platform supplier landscape confirms PTC’s strong market leading position,” said Jim Heppelmann, president and CEO, PTC. “The criteria used in this evaluation, such as strategic IoT focus, thought leadership, and platform capabilities, are among the same drivers we focus on to bring the tools and solutions to market that can empower companies to capitalize on the Industrial IoT.”
PTC’s ThingWorx® Industrial IoT Platform is the centerpiece of PTC's Industrial Internet of Things technology portfolio and is comprised of a rapid application development platform, connectivity, machine learning capabilities, augmented reality, and integration with leading device clouds. These capabilities combine to deliver a comprehensive IoT technology stack that enables customers to securely connect assets, quickly create applications and experiences, and innovate new ways to capture value.
According to the report, ThingWorx enables simple and fast device connectivity, data visualization via drag and drop dashboards, and event processing. This use case often serves as an easy entry for customers on their way to the Internet of Things and is therefore often associated with rapid prototyping. Companies use an Industrial IoT platform to provide transparency of shop floor operations in real time and to increase operational efficiency at the micro (individual assets and employees) and macro (processes) levels.
The recognition from PAC continues a long string of industry recognition from press and industry analysts around the world, including 451 Research, ABI Research, Compass Intelligence, Experton Group, Forrester, Gartner, IDC, IoT Analytics, Berg Insight, IoT ONE, and Quadrant Knowledge Solutions. Most recently, PTC’s ThingWorx has been heralded as the leading platform from Constellation Research and was awarded IoT Evolution Product of the Year.
Additional Resources
- ThingWorx Industrial IoT Platform
- White paper: The State of the Industrial Internet of Things: A Spotlight on Industrial Innovation
- Harvard Business Review: “How Smart, Connected Products Are Transforming Competition,” authored by PTC CEO Jim Heppelmann and Harvard Professor Michael Porter
