PTC announced that it has been named a leader in the Industrial IoT software platforms market for its ThingWorx Industrial Innovation Platform, according to a new evaluation from Forrester Research. In the Forrester evaluation, entitled “The Forrester Wave: Industrial IoT Software Platforms, Q3 2018,” PTC was the among the top five highest ranked in the “Current Offering” category and among the top four in the “Strategy” category.
Forrester evaluated the current offering, strategy, and market presence of PTC and 14 other vendors. Each company was evaluated according to a comprehensive set of 24 criteria, grouped into three high-level categories: current offering, strategy, and market presence. Participating vendors all had a significant focus on the industrial domain and its use cases, native support for key industrial protocols, and a strong international presence. Within that context, PTC was named one of the leaders by Forrester.
With few exceptions, the leaders had a public cloud capability, analytics capabilities, and API-led integration. Some companies, such as C3 IoT are focusing on the analytics part of Industrial IoT, while leaving device connection to companies such as Amazon Web Services or Microsoft Azure, although C3 IoT is a partner of both AWS and Azure.
The following graphic shows how Forrester perceives the industrial IoT platform market based on its criteria:
Regarding PTC’s standing in the evaluation, Forrester noted: “PTC fuses device connectivity strength with augmented reality vision . . . and the company offers rich capabilities spanning design, manufacture, service, and operations, combining these in accessible end-user applications.”