PTC Named the Outright Leader by Quadrant Knowledge Solutions SPARK PLM Matrix 2023
We are thrilled to announce that PTC has once again claimed the Leader title in Quadrant Knowledge Solutions' Product Lifecycle Management (PLM) SPARK Matrix assessment. This achievement marks PTC's sixth consecutive year as a leading vendor in this competitive report.
Notably, PTC Windchill and PTC Arena have gained recognition by achieving the highest scores in Technology Excellence among all PLM vendors assessed.
Windchill’s continuously strong presence in the PLM market shows our commitment to innovation and excellence. Our customers benefit from Secure Enterprise Collaboration both inside and outside the enterprise with IP- and platform-based protections. Our closed-loop, model-based digital thread strategy ensures that customers benefit from an efficient product development and lifecycle management process focused on data traceability. Our SaaS strategy with Windchill+ delivers all the benefits of Windchill with the added benefits of SaaS (i.e real-time collaboration, lower total cost of ownership, etc.).
Mark Lobo, PTC's General Manager of PLM, shared his thoughts on this accomplishment: "Being recognized as a PLM Technology Leader for six years is a great achievement. This year, we highlighted four strategies that power the seamless flow of information on the digital thread: Secure Enterprise Collaboration; Closed-Loop Quality; Modular Platform Development; and Concurrent Manufacturing. We are also continuing to invest in SaaS to accelerate this value beyond a traditional customized on-premises solution.”
In addition, Arena excels in helping agile manufacturers meet today’s product launch challenges. The platform offers and seamlessly connects PLM and quality management system (QMS) capabilities, streamlining product development and ensuring regulatory compliance. Customers benefit from improved collaboration across dispersed teams and supply chains as well as streamlined design, sourcing, and delivery of top-quality products. Arena keeps customers ahead of global regulatory requirements effortlessly, ensuring customers meet FDA, ISO, EU MDR, RoHS, ITAR, EAR, cybersecurity, and other regulations.
David Katzman, PTC’s General Manager of the Velocity Group, is proud of Arena's role in contributing to PTC's Technology Leadership this year. “Arena’s focus on agile product development, product-centric QMS tailored for the medical devices industry, and the seamless connection of the Arena and Onshape cloud-native PLM and CAD solutions underscores our commitment to innovation. This synergy not only sets us apart but motivates us to maintain the trust of a loyal customer base that we’ve had since our start-up days in 2000. Now, as part of PTC, we are in as strong a position as ever to continue providing the best cloud-native PLM and QMS solution to the market.”
The recognition by Quadrant Knowledge Solutions reaffirms PTC's position as a front runner in the PLM market. We extend our gratitude to our customers, partners, and employees for their support and dedication.
About PTC Windchill
PTC's Windchill system provides comprehensive out-of-the-box functionality and highly configurable role and task-based apps. Windchill’s open architecture enables easy integration with other enterprise systems, including IoT, providing a solid foundation for a product-driven digital thread. Windchill users can expand self-service access of traceable product data to non-experts who don’t typically use PLM, while avoiding over-customization and complexity.
About PTC Arena
PTC Arena provides cloud-native product lifecycle management (PLM) and quality management system (QMS) solutions that revolutionize how companies design, produce, and deliver innovative products. With real-time collaborative processes and an agile approach to product development, Arena empowers dispersed teams and supply chains to accelerate the transformation of digital designs into physical products. As part of PTC, Arena is expanding the boundaries of SaaS product development in the Cloud to help companies speed digital transformation.
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 a 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 environments. For more available research, please visit https://quadrant-solutions.com/market-research/