In Forrester Wave™ : Internet of Things Software Platform (4th quarter of 2016), Forrester evaluated PTC and 10 other vendors according to many standards of Internet of Things software platform. Forrester believes that the Internet of Things software platform should "simplify deployment, management and operation, and be easy to gain insight through Internet of Things interconnected devices".
Forrester made the following comments on PTC in the report: "PTC provides extensive protocol support for both short-distance and wireless connectivity options, and has powerful digital mapping function and a large number of pre-packaged applications including asset management, early warning management, product relationship management and workflow management, making it among the top vendors in this evaluation." The report also wrote: "PTC also showed the strongest augmented reality capability in this evaluation, which was partly due to the company’s acquisition of Vuforia in 2015."
Forrester evaluates manufacturers according to 25 criteria, which can be divided into three categories: existing products, strategies and market performance. In the evaluation of existing products, PTC ThingWorx won the highest score among all manufacturers.
ThingWorx is the core of PTC Internet of Things technology portfolio, which includes a rapid application development platform, connectivity, machine learning capability, augmented reality technology, and integration capability with major device clouds. Together, these functions form a comprehensive Internet of Things technology stack, which enables customers to connect assets safely, develop applications quickly, and open up new ways to gain value.
More than 1,000 enterprises including Elisa, Heidelberg, Sysmex America and Vodafone are using ThingWorx platform to support their Internet of Things strategy, thus creating new business value in the era of intelligent interconnection.
The PTC ThingWorx platform has recently been recognized by several other independent analysis institutions, including BCC Research, Compass Intelligence, Experton Group, IoT Analytics and Ventana Research.
The report lists the partner ecosystem as a "key differentiator". PTC has established strategic partnerships with many enterprises in Forrester Wave’s "leaders" and "outstanding performers" categories, and has also carried out strategic cooperation with hundreds of other complementary partners and distributors.
Jim Heppelmann, President and CEO of PTC, said: "We are very honored to be elected as the leader in this independent evaluation. Being named in this Forrester report is a strong recognition of PTC’s strategic direction and market achievements. I think the report of this top industry analyst proves that ThingWorx is the first choice platform to help enterprises take advantage of the huge benefits brought by the Internet of Things to their business. "
About PTC (Nasdaq: PTC)
PTC has the most powerful Internet of Things technology in the world. PTC innovated the digital 3D design in 1986, and took the lead in introducing PLM based on Internet to the market in 1998. Today, its leading Internet of Things, augmented reality platform and proven solutions can connect the physical world with the virtual world and reshape the way of creating, operating and maintaining products. By cooperating with PTC, the global ecosystem of manufacturers, partners and developers can take advantage of the current Internet of Things technology and promote the development of innovative technologies in the future.