ThingWorx develops a model to generate sustainable revenues with PTC

13 January 2014
Report type: Research Note
Author(s): Emil Berthelsen
Keywords: M2M, machine-to-machine, IoT, internet, things, PTC, ThingWorx, platform
Number of Pages: 5

Providers of M2M/IoT Application Platforms deliver two major benefits to enterprises: an efficient approach to application development for the growing market of connected things and a more flexible and lower entry cost for enterprises to integrate applications with third-party applications and systems. These benefits emerge as significant drivers in M2M and IoT markets but looking behind the scenes, how will these service providers generate sustainable revenues from the solutions? This Research Note explores the role of M2M/IoT Application Platforms in emerging M2M and IoT markets, and assesses how the acquisition of ThingWorx by Parametric Technology Corporation (PTC) for USD112 million may in fact answer the question of how sustainable revenues will be generated by such platform providers in this market.

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