PTC records growth in ThingWorx adoption
PTC announced a rise in the adoption of ThingWorx, the centerpiece of its Internet of Things technology portfolio, by its customers and partners. PTC partner companies that have chosen ThingWorx to accelerate their IoT initiatives include Autoware, Indeff, Wipro Limited, HMS Industrial Networks and Acumen Solutions.
ThingWorx is comprised of a rapid application development platform, connectivity, machine learning capabilities, augmented reality, and integration with leading device clouds. These capabilities combine to deliver an IoT technology stack that enables companies to connect assets, create applications, and innovate new ways to capture and deliver value.
According to IDC, the worldwide Internet of Things market will grow to $1.7 trillion in 2020, due in part to new possibilities for connected products and services. PTC’s ThingWorx technology continues to see adoption across various markets that include manufacturing, energy, aerospace and defense, agriculture, and transportation. ThingWorx enables these companies to reduce the time and cost of building and deploying Internet of Things solutions.
PTC has built a ThingWorx partner ecosystem that brings together companies to collaboratively address the challenges and opportunities that the Internet of Things presents. These partners leverage ThingWorx technology to build and maintain connected solutions that enable them to expand business models and bring new value to their customers.
The ThingWorx partner ecosystem focuses on developing analytics, application development, and connectivity for markets that include manufacturing, aerospace and defense, telecommunications, and smart cities. ThingWorx partners have the opportunity to list their applications, extensions, solutions, and services on the ThingWorx Marketplace, making them available to partners and customers.
“The Internet of Things is having a significant impact on the design, production, operation, and management of everyday products, prompting more companies to find the right partner to enhance their offerings and processes,” said Jim Heppelmann, President and CEO, PTC. “The selection of ThingWorx as an IoT solution by these partner companies validates our vision and open cloud platform approach, and serves as an endorsement of our easy-to-use tools that are critical to the success of any IoT strategy.”