Market Research Reports Global Sketching Software Market Report 2019.docx | Page 2

Acquisitions and effective mergers are some of the strategies adopted by the Keyword
manufacturers. New product launches and continuous technological innovations are the Keyword
strategies adopted by the major players.
Latest Industry Updates:
1 Autodesk:- Last week, to celebrate the 20-year anniversary of its largest vehicle research facility
outside of Germany, Volkswagen Group unveiled a vintage VW Bus retrofitted with some of the
leading-edge technologies they feel will be significant for the future of the industry. With a focus on
maximizing strength while minimizing weight, Autodesk collaborated with VW’s newly renamed
Innovation and Engineering Center California (IECC) to reconceptualize several components of the
electric-infused technical showcase vehicle.
“We’re combining a classic Volkswagen design with fresh ideas and innovative technologies from
collaborative partners like Autodesk,” said Nikolai Reimer, executive director of IECC. “It’s an exciting
opportunity to see what we can come up with and to create a cool show car as a tribute to
everything we believe in.”One of the critical aspects of designing electric vehicles is finding weight
savings wherever possible because the less an automobile weighs, the less energy required to propel
it down the road. And more efficient energy consumption equates to greater range per charge, one
of the most important considerations for consumers when evaluating electric vehicles.
2 PTC:- Today announced that it has been positioned in the Visionaries quadrant by independent
industry analyst firm Gartner in its Magic Quadrant for Industrial IoT Platforms1. According to the
report, PTC placed highest for its ability to execute for the second consecutive year.
Gartner defines the market for Industrial Internet of Things (IIoT) platforms as “a set of integrated
software capabilities to improve asset management decision making and operational visibility and
control for plants, infrastructure and equipment within asset-intensive industries and
environments.”
Gartner’s Magic Quadrant for Industrial IoT Platforms is comprised of two axes – ‘ability to execute’
and ‘completeness of vision.’ Gartner’s ‘ability to execute’ evaluation criteria encompasses the
robustness of the product or service, overall viability, sales execution/pricing, market responsiveness
and track record, marketing execution, customer experience, and operations.
“We are pleased to once again be named a Visionary in Gartner’s Magic Quadrant for Industrial IoT
Platforms,” said Jim Heppelmann, president and CEO, PTC. “We believe that being positioned as the
highest in ability to execute for the second year in a row underscores our commitment to IIoT and
continues our trajectory toward being recognized as the definitive market leader.”
Market segment by Regions/Countries, this report covers:
1 North America Country (United States, Canada)
2 South America
3 Asia Country (China, Japan, India, Korea)
4 Europe Country (Germany, UK, France, Italy)
5 Other Country (Middle East, Africa, GCC)