PTC Announced as a Leader in Gartner Magic Quadrant for Industrial IoT Platforms

PTC (NASDAQ: PTC) today declared that it has been named a Leader by free industry examiner firm Gartner in its Magic Quadrant for Industrial IoT Platforms1. As per the report, PTC set farthest to one side for its culmination of vision.

Gartner characterizes the market for Industrial Internet of Things (IIoT) platforms as "a bunch of incorporated programming abilities to improve resource the board dynamic and operational perceivability and control for plants, foundation and hardware inside resource serious enterprises."

Gartner's Magic Quadrant for Industrial IoT Platforms is involved two tomahawks – "Capacity to Execute" and "Fulfillment of Vision". Gartner's "Fulfillment of vision" assessment standards envelops an organization's market comprehension and plan of action, alongside its advertising, deals, offering (item), vertical/industry, development, and geographic systems.

"We are very proud to be named a Leader in Gartner's Magic Quadrant for Industrial IoT Platforms," said Joe Biron, Divisional General Manager, IoT Segment, PTC. "We believe that being recognized for our 'Completeness of vision' is due to our understanding of the IIoT market, our innovation efforts, and our ability to offer a business model that makes it simple for our customers to be successful."

PTC's ThingWorx® IIoT solutions platform offers modern ventures the devices to execute a total advanced change – from how they plan and assembling items to how they make esteem and draw in with clients. ThingWorx gives start to finish capacities to interface gadgets and construct strong IoT solutions and convincing end-client encounters that are easy to make, simple to execute, and empower organizations to quicken time-to-esteem.

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

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

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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.