NEEDHAM, Mass. – September 21, 2016 –– PTC (NASDAQ: PTC) today announced that it has been named the Internet of Things (IoT) application enablement platforms (AEP) market share leader by BCC Research. With its ThingWorx® IoT platform, PTC has amassed 27% market share through 2015, more than double the share of the next largest provider. The market share figures were reported in BCC Research’s Technology Platforms for the Internet of Things report published in June 2016.
BCC Research, a provider of market research reports and consulting in high technology and other fields, recognized ThingWorx for its ability to reduce the time, cost, and risk required to develop IoT applications and
ThingWorx, the centerpiece of PTC’s IoT technology portfolio, is comprised of a rapid application enablement platform, connectivity, machine learning capabilities, and augmented reality functionality. These capabilities combine to deliver a comprehensive IoT technology stack that enables companies to securely connect assets, quickly create applications, and innovate new ways to capture and deliver value.
“Being named the AEP market share leader is an exciting validation of PTC’s IoT strategy and execution,” said Jim Heppelmann, president and CEO, PTC. “We aim to further our market leadership position as we continue on our path to innovate and deliver a robust and comprehensive set of IoT capabilities.”