PTC Named an “Outright Leader” in IIoT Space

PTC has once again claimed the Leader title in Quadrant Knowledge Solutions' 2023 Industrial IoT (IIoT) Platforms SPARK Matrix assessment. This achievement marks PTC's fifth consecutive year as a leading vendor in this competitive report.

PTC ThingWorx and PTC Kepware have gained recognition by achieving the highest Technology Excellence and Customer Impact scores among the 19 IIoT vendors assessed.

PTC’s consistent market growth, expanding installation base, and strategic vision demonstrate the company’s commitment to IIoT product innovation and customer excellence, according to Quadrant Knowledge Solutions.

“We are honored to have been recognized as a leader in the IIoT space for five consecutive years, achieving the highest scores among all vendors in both customer impact and technology excellence,” says Howard Heppelmann, PTC's divisional vice president of IIoT. “Our focus on out-of-the-box applications and a flexible IIoT solution platform has enabled our customers to accelerate their time to value at scale. Our continued investment in an integrated suite of IIoT-enabled applications will further empower our customers with a model-based, closed-loop digital thread across the product lifecycle, unlocking transformational business impact.“ 

Ignatius Daniel, authoring analyst of Quadrant Knowledge Solutions’ report, notes that “PTC’s unique technology portfolio works cohesively to create a model-based closed loop digital thread that spans the entire product lifecycle, leading to improved data continuity and enhanced collaboration across enterprises. The key differentiator of PTC is its digital thread strategy that leverages IoT across the value chain and the suite of high impact, fast time to value, OOTB ThingWorx applications.”

About PTC ThingWorx

The ThingWorx Industrial IoT Platform provides end-to-end capabilities to connect devices, build IIoT solutions and applications, extract actionable insights from data, manage the IIoT ecosystem and create compelling end-user experiences. ThingWorx empowers organizations to digitally transform all aspects of their business by integrating real-time IIoT data and insights that enhance decision-making, improve operational efficiencies, predict outcomes and reduce costs. Solutions that are simple to create, easy to implement and accelerate time to value are core to PTC’s offering. 

About Quadrant Knowledge Solutions

Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business and Growth advisory services. At Quadrant Knowledge Solutions, the company's vision is to become an integral part of our client’s business as a strategic knowledge partner. The research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies. For more available research, visit https://quadrant-solutions.com/market-research/.

Sources: Press materials received from the company and additional information gleaned from the company’s website.