Those organizations already running the IBM design software can apply the update to their existing copies. The company will also start offering Product Line Engineering from IBM as a pay-as-you-go cloud service.
The new software is one of the first fruits of the US$3 billion investment that IBM pledged earlier this year for developing a specialized IoT unit.
This year, 4.9 billion connected devices will be in operation, and the number of connected devices will balloon to 25 billion by 2020, IT analyst firm Gartner has estimated.
The software is being launched this week at NIWeek, a user conference for test equipment manufacturer National Instruments being held this week in Austin.
Sign up for Computerworld eNewsletters.