PTC: ThingWorx IoT platform

PTC’s ThingWorx IoT platform has gained industry recognition, having won significant deals with mobile operators and enterprises. ThingWorx is a horizontal platform that provides IoT device management and application enablement capabilities.

This company profile provides:

• a company summary
• a financial analysis
• analysis of the company's strategic direction
• product summary
• an overview of significant customers
• analysis of strengths, weaknesses, opportunities and threats.

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PTC is a global provider of software solutions and services for computer-aided design (CAD), product lifecycle management (PLM) and service lifecycle management (SLM). The vendor is a strong contender in the IoT market with its application enablement platform (AEP), ThingWorx, and its supported analytics and augmented reality solutions.

The company relied on a series of acquisitions from 2013 to 2016 to build its IoT platform. It has integrated the technologies as modular elements of the ThingWorx platform. In the IoT space, PTC faces strong competition from different types of platform providers including AWS, Microsoft, IBM, GE Digital and SAP.
In addition to acquiring technologies, PTC's approach to IoT relies on building and expanding its ecosystem. ThingWorx lists 119 partners including chip vendors such as Intel, mobile operators such as AT&T, system integrators such as Accenture and solution providers such as Sasken.

ThingWorx Marketplace allows PTC and its partners to publish and sell platform extensions and IoT applications directly. As of September 2017, the marketplace listed more than 120 extensions and 90 solutions. Also, ThingWorx Certification programme provides training for developers.

To accelerate the adoption of its platform further, PTC targets academic groups with the IoT Passport educational programme for students and researchers.

Figure 1: PTC company facts