NEEDHAM, Mass. – October 13, 2016 –– PTC (NASDAQ: PTC) today announced the growing importance of cloud services for its customers, as supported by Blue Hill Research’s benchmark report, released last month. The report found that it is important for businesses to understand and embrace the potential of cloud services as they transition to a more dynamic business model based on the Internet of Things (IoT).
The report, “PTC Cloud Services – Delivering on the Promise and ROI of Cloud Services,” is based on a survey of PTC and PTC Cloud Services customers conducted by Blue Hill Research during June and July of this year. The report also considered the importance of the IoT in cloud deployment, finding that the majority of customers felt IoT will be important to their company’s future within the next three to five years. Currently, the most significant driver of cloud services deployment is enabling enterprise IT teams to better service internal clients. However, there is the potential for customers to see Total Cost of Ownership (TCO) and Return on Investment (ROI) benefits as well.
“In today’s enterprise technology world, utilizing third-party cloud computing services offers an array of benefits especially for companies adopting an IoT strategy,” said Tony Rizzo, entrepreneur in residence, Blue Hill Research. “PTC is doing a great job listening to its customers and the market in developing and offering its cloud options and is seeing momentum in cloud adoption not only by customers embracing IoT, but also increasingly by its longer-term customers with solutions like PLM.”
The results of the benchmark are in line with PTC’s observations around cloud acceptance. PTC continues to gain momentum in its digital engineering offerings, particularly in its cloud-based product lifecycle management (PLM) solutions. The rising need for integrated PLM solutions, effective management of supply chain, and increasing adoption of IoT are driving the cloud PLM market. For the 2016 fiscal year, PTC reported 7 of its top 10 new PLM bookings were cloud deployments.
“PLM Cloud Services doubled this year compared to the previous year, which equates to 10x market growth,” said Kevin Wrenn, divisional general manager, PLM, PTC. “It is encouraging that both independent research and customers are recognizing the value and potential of the cloud.”
The benchmark report found that almost 70 percent of customers surveyed responded that the ability to easily deploy PTC Cloud Services played a key role in the company’s decision to purchase PTC products, indicating the value of simultaneously investing in both PTC products and PTC Cloud Services.
PTC Cloud Services provides software expertise to rapidly deploy, manage, and optimize PTC solutions, including application administration and platform management in a secure infrastructure. Some of the many benefits of running PTC solutions in the cloud include:
PTC has the most robust Internet of Things technology in the world. In 1986 we revolutionized digital 3D design. Now our leading IoT and AR platform and field-proven solutions bring together the physical and digital worlds to reinvent the way you create, operate, and service products. With PTC, global manufacturers and an ecosystem of partners and developers can capitalize on the promise of the IoT today and drive the future of innovation.