PTC Named a Leader by Nucleus Research’s 2023 Industrial IoT Platforms Value Matrix


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We are thrilled to announce that PTC has earned Leadership placement in Nucleus Research’s 2023 Value Matrix assessment. Nucleus Research evaluated 20 IIoT vendors in their assessment, naming PTC one of five market leaders.

PTC ThingWorx and PTC Kepware have gained recognition by achieving the highest “Usability” score among the Leaders named in the report.


Our IIoT products have consistent market growth, expanding installation base, and strategic vision, all of which demonstrates our commitment to IIoT product innovation and customer excellence.

“We are proud to be recognized as a leader in the IIoT market, securing the top score in Usability among all vendors," said Howard Heppelmann, PTC's Divisional Vice President of IIoT. "Our commitment to out-of-the-box applications and a versatile IIoT solution platform allows our customers to rapidly achieve scale and accelerate time-to-value. We continue to invest in an integrated suite of IIoT-enabled applications to empower our customers with a model-based, closed-loop digital thread throughout the product lifecycle. “

Sam Hamway, the authoring analyst of Nucleus Research’s IIoT report, noted: “ThingWorx delivers an array of platform capabilities. It enables the connection of large volumes of devices and applications, centralizing multiple data sources. With applications that come with pre-built grouped building blocks based on use cases, ThingWorx aims to immediately drive digital transformation initiatives and accelerate time-to-value. PTC’s Kepware, ThingWorx Flow, and Remote Service Edge enhance connectivity. ThingWorx also delivers advanced analytical capabilities. The vendor has a longstanding partnership with Microsoft, and was named Microsoft’s IoT partner of the year in 2023.”

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 Nucleus Research

Nucleus Research is a global provider of ROI-focused technology research and advisory services. To be successful today means making the right technology decision based on the value of a solution for your organization, not analyst opinions about a market. Nucleus is the only firm that uses an ROI investigative approach, ensuring our research delivers the unbiased, factual analysis you can rely on to develop a credible ROI business case.

PTC Has Been Named a Leader of Industrial IoT Platforms

Read the report and learn more about how PTC's IIoT solutions can best serve your organization. Get the Report
Tags: Industrial Internet of Things Industrial Connectivity Thingworx

About the Author

Coray Thibaut de Maisieres

Coray Thibaut de Maisieres leads the Analyst Relations team within PTC’s Corporate Communications organization . Please contact her for additional information about this report.