PTC ThingWorx Industrial Internet of Things (IIoT) Platform

PTC has been an eminent player in providing industrial analytics products throughout the regions of Americas, Europe, Pacific Rim, and Japan. The company has been investing heavily in R&D to cater to the demands of its client base. For instance, in 2016, it spent 20.1% of its revenue on R&D. Furthermore, it has adopted organic growth strategies to expand its footprint across the world, and serve the customer needs in a better manner. For instance, in May 2017, PTC introduced a new version of IIoT technology, namely ThingWorx 8. It provides a robust IIoT technology offering to industries to enhance the IIoT value. In addition, PTC has introduced a new product after ThingWorx, namely, Kinex, a suite of role-based, IIoT applications, which can be integrated with the ThingWorx platform to bring application-supported IIoT innovations in businesses. Further, as a part of its inorganic growth strategy, PTC has acquired various companies in the last 3 years. For example, in January 2015, PTC acquired Kepware, a provider of communications connectivity to industrial automation environments through its software. The acquisition bolstered PTC’s analytics portfolio through Kepware’s communication platform, namely, KEPServerEX. It has strengthened PTC’s ThingWorx IoT technology platform.