Technology Excellence and Customer Impact Qualify PTC as the Technology Leader in Global PLM Market Evaluation by Quadrant Knowledge Solutions
BOSTON--(BUSINESS WIRE)--#DigitalThread--PTC (NASDAQ: PTC) today announced it has been named the leader in the global product lifecycle management (PLM) market, by Quadrant Knowledge Solutions in its Market Outlook: Product Lifecycle Management (PLM), 2019-2024, Worldwide report. In the report’s SPARK Matrix, PTC was rated highest for technology excellence demonstrated by its Windchill® PLM software.
“PTC’s robust portfolio and strong performance in addressing multiple industrial use cases position the company as the clear technology leader in the global PLM market,” said Piyush Dewangan, industry research manager, Quadrant Knowledge Solutions. “PTC offers robust functionalities to enable organizations to optimize performance and manage end-to-end processes of the product lifecycle.”
Quadrant Knowledge Solutions’ SPARK Matrix provides a snapshot of the market positioning of key PLM market participants. Each participant is evaluated against several performance parameters, including: underlying technology excellence and customer impact, sophistication of technology, product strategy and performance, and market presence.
“We’re proud to have PTC’s PLM market leadership recognized by Quadrant Knowledge Solutions,” said Kevin O’Brien, general manager of PLM, PTC. “PLM plays a fundamental role in our customer’s digital transformation initiatives as they aim to leverage the latest product definition in a range of deployments, including those involving industrial internet of things and augmented reality.”
Windchill is an industry-leading PLM application suite that enables users to leverage a consolidated, up-to-date digital thread of product information, including connected data. Windchill’s highly configurable out-of-the-box application enables users to work faster and more accurately to reduce time-to-market, cut costs, and improve quality. With Windchill, users across the value chain can interact with data dynamically in 3D—both on a screen and through augmented reality.
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business, and Growth advisory services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environment.
SPARK MatrixTM: Quadrant Knowledge Solutions’ SPARK Matrix (Strategic Performance Assessment and Ranking) provides a visual representation of market participants and strategic insights on how each participant ranks against their competitors under various performance parameters based on categories of technology excellence and customer impact.
About PTC (NASDAQ: PTC)
PTC unleashes industrial innovation with award-winning, market-proven solutions that enable companies to differentiate their products and services, improve operational excellence, and increase workforce productivity. With PTC, and its partner ecosystem, manufacturers can capitalize on the promise of today’s new technology to drive digital transformation.
PTC, Windchill, and the PTC logo are trademarks or registered trademarks of PTC Inc. and/or its subsidiaries in the United States and other countries.