PR92752

BOSTON, Nov. 2, 2021 /PRNewswire=KYODO JBN/ --

- PTC Recognized for Strategy and Product Offering

PTC (https://c212.net/c/link/?t=0&l=en&o=3342266-1&h=4209676103&u=https%3A%2F%2Fwww.ptc.com%2F%3Futm_source%3Dindustrial-iot%26utm_medium%3Dpressrelease%26utm_campaign%3Dthingworx&a=PTC) (NASDAQ: PTC)

today announced it has been recognized as a Leader in ABI

Research's Smart Manufacturing Platforms Competitive Ranking report. PTC has

also been recognized as a Leader in The Forrester Wave: Industrial IoT Software

Platforms, Q3 2021 report. Further, PTC has been named a Leader in the IDC

MarketScape for Industrial IoT Platforms and Applications for Manufacturing

report (1). Finally, PTC has been named a Leader in the Gartner Magic

Quadrant(TM) for Industrial IoT Platforms report.

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Logo - https://mma.prnewswire.com/media/1313772/ptc_Logo.jpg

According to each industry report, PTC is a Leader in Industrial IoT platforms.

PTC is the only Industrial IoT vendor to be included in all four reports, and

to have placed as a Leader in all four reports.

Each research firm conducted its own assessment of the Industrial IoT market.

The research criteria, methodologies, and list of Industrial IoT capabilities

assessed are unique to each analyst firm.

"We believe recognition as a Leader across all of these reports is an

impressive accomplishment for the ThingWorx(R) (https://c212.net/c/link/?t=0&l=en&o=3342266-1&h=194413347&u=https%3A%2F%2Fwww.ptc.com%2Fen%2Fproducts%2Fthingworx%3Futm_source%3Dindustrial-iot%26utm_medium%3Dpressrelease%26utm_campaign%3Dthingworx&a=ThingWorx%C2%AE) team.

To us, these results reinforce our strategy and commitment to the

Industrial IoT market. We will continue to evolve ThingWorx to meet the needs

of manufacturers and address the highest priority manufacturing and service use

cases," said Jim Heppelmann, President and CEO, PTC.  

"PTC is proud to be named as a Leader in each assessment," said Joe Biron, CTO

and GM of IoT, PTC. "We recognize that each of these leading firms has a unique

perspective on the Industrial IoT market and employed different criteria for

their assessments. We believe placing consistently as a Leader demonstrates

PTC's ability to meet the complex needs of Industrial enterprises with a

world-class platform that delivers successful business results."

Through years of experience in the digital engineering, manufacturing, and

service fields, PTC has identified patterns that are utilized and defined

common use cases that solve various business problems. With this knowledge, PTC

has built Industrial IoT solutions that help solve these challenges. The

latest, ThingWorx(R) Digital Performance Management (https://c212.net/c/link/?t=0&l=en&o=3342266-1&h=2999718216&u=https%3A%2F%2Fwww.ptc.com%2Fen%2Fproducts%2Fdigital-performance-management%3Futm_source%3Dindustrial-iot%26utm_medium%3Dpressrelease%26utm_campaign%3Dthingworx&a=ThingWorx%C2%AE+Digital+Performance+Management), was announced (https://c212.net/c/link/?t=0&l=en&o=3342266-1&h=2831343498&u=https%3A%2F%2Fwww.ptc.com%2Fen%2Fnews%2F2021%2Fthingworx-digital-performance-management%3Futm_source%3Dindustrial-iot%26utm_medium%3Dpressrelease%26utm_campaign%3Dthingworx&a=announced) in October.

Forrester Disclaimer:

The Forrester Wave(TM) is copyrighted by Forrester Research, Inc. Forrester and

Forrester Wave(TM) are trademarks of Forrester Research, Inc. The Forrester

Wave(TM) is a graphical representation of Forrester's call on a market and is

plotted using a detailed spreadsheet with exposed scores, weightings, and

comments. Forrester does not endorse any vendor, product, or service depicted

in the Forrester Wave(TM). Information is based on best available resources.

Opinions reflect judgment at the time and are subject to change.

Gartner 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, express or implied, with respect to this research, including any

warranties of merchantability or fitness for a particular purpose

GARTNER and Magic Quadrant registered trademark and service mark of Gartner,

Inc. and/or its affiliates in the U.S. and internationally, and are used herein

with permission. All rights reserved.

Gartner, Magic Quadrant for Industrial IoT Platforms, By Alfonso Velosa etc.,

18 October 2021

IDC Disclaimer:

About IDC MarketScape: IDC MarketScape vendor assessment model is designed to

provide an overview of the competitive fitness of ICT (information and

communications technology) suppliers in a given market. The research

methodology utilizes a rigorous scoring methodology based on both qualitative

and quantitative criteria that results in a single graphical illustration of

each vendor's position within a given market. IDC MarketScape provides a clear

framework in which the product and service offerings, capabilities and

strategies, and current and future market success factors of IT and

telecommunications vendors can be meaningfully compared. The framework also

provides technology buyers with a 360-degree assessment of the strengths and

weaknesses of current and prospective vendors.

About PTC (NASDAQ: PTC)

PTC enables global manufacturers to realize double-digit impact with software

solutions that enable them to accelerate product and service innovation,

improve operational efficiency, and increase workforce productivity. In

combination with an extensive partner network, PTC provides customers

flexibility in how its technology can be deployed to drive digital

transformation – on premises, in the cloud, or via its pure SaaS platform. At

PTC, we don't just imagine a better world, we enable it.

PTC.com (https://c212.net/c/link/?t=0&l=en&o=3342266-1&h=857579668&u=http%3A%2F%2Fwww.ptc.com%2F&a=PTC.com)

@PTC (https://c212.net/c/link/?t=0&l=en&o=3342266-1&h=3734445776&u=http%3A%2F%2Ftwitter.com%2FPTC&a=%40PTC)

Blogs (https://c212.net/c/link/?t=0&l=en&o=3342266-1&h=311343789&u=http%3A%2F%2Fwww.ptc.com%2Fblogs&a=Blogs)

Media Contacts

PTC

Corporate Communications

Gabrielle Farrell

gfarrell@ptc.com

SOURCE: PTC Inc.