Exton, PA, USA, June 16, 2014 – ThingWorx, a PTC (Nasdaq: PTC) business and leading Internet of Things (IoT) platform provider, today announced the availability of ThingWorx® Platform v5.0. ThingWorx was the first software platform designed to build and run the applications of the connected world. With today's announcement, ThingWorx extends its leadership position by announcing the ThingWorx v5.0 rapid application development platform.
The new version of the ThingWorx Platform continues to enhance developer productivity and adds a unique federated server deployment option that allows for cloud, on-premise, hybrid, and on-device deployments. Organizations that use ThingWorx technology will be able to quickly build, deploy, and scale Internet of Things (IoT) applications to millions of devices across a globally distributed infrastructure.
The research firm IDC's report, "Worldwide Internet of Things 2013-2020 Forecast: Billions of Things, Trillions of Dollars," estimates the installed base of the IoT will reach 30 billion units worldwide by 2020, with revenue expected to reach $8.9 trillion by the same year. In a fast moving world, companies that are developing IoT applications need a development platform with a suite of tools and features to help them rapidly create applications that connect people, systems and the physical world of things in order to continually create business value.
"The Internet of Things provides a huge opportunity from two points of view: increasing revenue and developing deeper relationships with customers. Any company today with an IoT strategy must possess an application development platform that is quickly deployable, easy to use, and able to scale to harness the vast opportunity in the IoT," said Carrie MacGillivray, program vice president, mobile services and IoT at IDC.
The ThingWorx Platform v5.0 offers the following capabilities:
"We are excited to launch the ThingWorx Application Platform v5.0," said Russ Fadel, president, ThingWorx. "ThingWorx is already recognized as the standard for IoT developer productivity. This latest release of the platform establishes a new standard for deployability and makes it easier for companies to optimize for performance, autonomy, cost and privacy. ThingWorx continues to help companies unlock the power of the IoT by enabling them to generate business value through apps that offer insight into real-time data of a product's performance."
PTC, ThingWorx, and the ThingWorx logo and are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.