PTC Earns Outright Leadership in Quadrant’s 2024 SPARK Matrix for Retail PLM Report

• PTC was named the outright Leader in Quadrant's 2024 Spark Matrix Retail PLM Assessment for the fourth consecutive year.
• FlexPLM earned the highest scores in both assessment categories: Customer Impact and Technology Excellence, surpassing other PLM providers.
• Quadrant’s detailed study assessed and compared eight Retail PLM vendors to offer an unbiased assessment and ranking.

We’re thrilled to announce that PTC has been positioned as the outright market Leader in Quadrant’s 2024 SPARK Matrix Assessment for Retail Product Lifecycle Management.

Quadrant’s report assessed eight other vendors of Retail PLM solutions. PTC received the highest Customer Impact and Technology Excellence scores, earning the highest overall vendor placement.

The 2024 publication marks the fourth consecutive year that Quadrant named FlexPLM a market-leading Retail PLM solution. PTC has also been recognized as a market leader in Quadrant’s SPARK Matrix Assessments of our complementary digital thread portfolio products, such as Industrial IoT (IIoT), Discrete Enterprise PLM, and Field Service Management (FSM). This reinforces the value and impact of our digital thread product portfolio that ensures customers receive exceptional business value using PTC products.

Prakhar Bansal of Quadrant Knowledge Solutions Research, the authoring analyst of the report, notes that “PTC’s strong customer testimonials, highly comprehensive product demonstration, and well-articulated vision and product strategy earned FlexPLM the outright Leader title in this year's report. We believe that the company is both visionary and strategic in its approach of innovating its product, educating the market, and helping customers attain real business value.”

This industry analyst recognition comes on the back of a banner year for PTC Retail marked by strong growth throughout 2023 and into 2024. As a business, we have continued to push our competitive edge and market presence with innovations that build on the capabilities of FlexPLM, new customer partnerships, enterprise-scale expansions, and record usage across our customer base. PTC’s Retail PLM business is committed to delivering value and digital transformation for our global customers.

Bill Brewster, Senior Vice President & General Manager of PTC's Retail Business Unit shares his reaction to the win, “We are honored to be recognized as the Outright Leader in the Retail PLM space, and we owe our appreciation to the trust and confidence placed in us by our customers. This is testament to the fact that the world’s leading retail brands trust PTC as their digital transformation partner. It keeps us motivated to continue pushing the boundaries with a best-in-class retail PLM solution. I am very proud of our team's dedication and their pursuit of technology excellence. Here's to the exciting journey ahead and to our valued partnership with our customers.”

Download a copy of Quadrant's 2024 SPARK Matrix for Retail PLM Report here.