PTC Strengths, Domain Expertise, and Key Differentiators
Long-standing track record in product lifecycle management and engineering apps market. PTC solutions for Computer-Aided Design (CAD), Product Lifecycle Management (PLM), Application Lifecycle Management (ALM), Service Lifecycle Management (SLM), and Internet of Things (IoT) enable process transformation and deliver closed-loop lifecycle management for products and services that are increasingly smart and connected.
PTC offers a dedicated Product Lifecycle Management (PLM) offering, PTC PLM Cloud, geared to the needs of small and midsized (SMB) product companies. This solution leverages the power of PTC Windchill while simplifying PLM adoption with a flexible, hosted subscription offering deployable at a pace that matches the needs of SMBs.
PTC Recent Developments
In October 2021, PTC launched ThingWorx Digital Performance Management Solution (DPM), an offering that represents the company’s latest advancement in helping manufacturing companies’ ability to drive efficiency.
In June 2020 PTC launched the latest version of its Windchill product lifecycle management (PLM) software. Windchill 12 offers new collaboration tools, capabilities to improve product quality, and enhanced deployment options that provide the tools necessary to adapt to today’s changing work environment.
Building on Windchill’s web-based user interface and highly configurable out-of-the-box applications, Windchill 12 enables companies to improve collaboration across the enterprise with even broader access to product data. Extensions to Windchill 12, including Silicon Expert and IHS integration, provide sophisticated component sourcing, part selection, and risk assessment, enabling customers to improve profit margins.
In April 2019, PTC released its Vuforia Expert Capture augmented reality solution, which is designed to improve workforce productivity, quality, safety, and compliance. Vuforia Expert Capture provides industrial enterprises with a faster, more efficient way to empower front-line workers with the relevant information they need to get the job done quickly and accurately the first time.
In November 2018, PTC unveiled the release of the KEPServerEX Version 6.6 industrial connectivity platform. The latest version of KEPServerEX includes several new innovations and security enhancements that extend Kepware’s market-leading position in computer numeric control (CNC) and injection molding machine (IMM) connectivity, enabling manufacturers to accelerate their digital transformation initiatives.
PTC Mergers and Acquisitions (M&A) Activities
In January 2021, PTC completed its acquisition of Arena Solutions, the industry's leading software as a service (SaaS) product lifecycle management (PLM) solution. The combination of Arena Solutions and Onshape, which PTC acquired in 2019, establishes PTC as the leading provider of pure SaaS solutions for the product development market and broadly extends PTC's presence in the attractive mid-market, where SaaS solutions are becoming the standard.
In November 2019 PTC acquired Onshape, developer of the Onshape Software as a Service (SaaS) product development platform that unites robust computer-aided design (CAD) software with powerful data management and collaboration tools. The acquisition positions PTC to capitalize on the inevitable industry transition to SaaS.
The SaaS model, while nascent in the CAD and product lifecycle management (PLM) markets, is rapidly becoming industry best practice across most other software domains. Onshape will operate as a SaaS business unit within PTC with Jon Hirschtick, president of Onshape, reporting directly to Jim Heppelmann, president and CEO of PTC.
PTC Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying PTC applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of PTC and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified PTC PLM Cloud, customers.
PTC Overview
Ownership: - NASDAQ: PTC
Number of Employees: 6709
Functional Markets: Content Management, PLM, PPM, PaaS, IaaS,
Key Verticals: Aerospace and Defense, Automotive, Communication, Construction, Consumer Packaged Goods, Federal Government, State and Local Government, Public Safety, Healthcare, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
PTC Key Enterprise and Cloud Applications
PTC PLM Cloud,
PTC Revenues, $M:
| Type/Year | 2020 | 2021 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
PTC Revenue Breakdown By Type, $M:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
PTC Enterprise Applications Revenues By Functional Markets, $M:
PTC Enterprise Applications Revenues By Verticals, $M:
PTC Revenues By Region, $M
| Region | % of Total Revenues | 2021 Total Revenues, $M | 2021 Enterprise Applications Revenues, $M | 2021 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
PTC Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
PTC Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified PTC Customers
No. of PTC Customers: 32000
No. of PTC Enterprise Applications Customers: 32000
No. of PTC Cloud Customers: x
No. of PTC Cloud Subscribers: x
PTC works with more than 32,000 businesses around the world to help them create, operate, and service products in rapidly-evolving, globally distributed manufacturing industries, including industrial equipment, automotive, high tech and electronics, aerospace and defense, retail, consumer, and medical devices.
Among its customers are Colony Brands, 3M, Adidas, Aegis, Airbus, AGCO, Alstom, Andritz Hydro Pvt.Ltd. , BAE Systems, Bang Design, Barco NV, Benchmade Knife Company, Inc., Bierens Companies, BRITAX, Callaway Cars, Comexi, Compal, Daktronics, Dallara Automobili, DIS-TRAN Steel LLC, DMG Mori, EMC, Endress+Hauser, Flowserve, Fujitsu, GE Aviation Systems, GKN, Honeywell, ILC Dover, Whirlpool, Ingersoll Rand, iRobot, Jandia Engineering, JANUS, JinTECH, KHS, Kontec, KTM, Lawrence Livermore, Lockheed Martin, Lotto Sport, Lovejoy, MAN B&W, Medtronic, NACD BoardVision, Nexter Group, Oerlikon Solar, Philips, Piaggio, The Rambøll Group, ReliaWind, Rexroth Hydraudyne, Schneider Electric, SKF Group, Solar Impulse, SPP Pumps Ltd., Technip, The Citadel, Ubiquoss Inc., Unisys, Volvo, Whirpool and many other.
PTC Market Opportunities, M&A and Geo Expansions
The Onshape team invested years of effort building a cutting-edge SaaS platform that could host a range of product development applications. As part of PTC, Onshape been able to accelerate the development of Atlas, and in turn leverage the Atlas platform to accelerate PTC's overall SaaS strategy. The new Vuforia and Creo applications immediately gain the incredible operational and technical scalability of the modern, multi-tenant Atlas architecture.
In April 2020 PTC launched the next generation of its Creo 3D computer-aided design (CAD) software, Creo 7.0. The software’s new capabilities put the power of artificial intelligence (AI) at designers’ fingertips, making simulation a seamless part of daily work.
Creo helps designers build better products faster by facilitating product innovation, fostering design reuse, and replacing assumptions with facts. Designers can go from the earliest phases of product design to a smart, connected product all within a single environment.
In November 2018, PTC acquired Frustum, an advanced generative design software company, for approximately $70 million. Frustum’s technology for generative design—an approach that leverages artificial intelligence (AI) to generate design options—is a transformative addition to the PTC Creo portfolio.
In November 2017, PTC unveiled Reality Lab, a test center led by researchers who will create applications that leverage augmented, virtual, mixed, and physical realities with the purpose of improving people’s interactions with their physical environments. The lab will apply human-centered design and human-computer interaction to new technology, empowering people with more intuitive and practical computer user interfaces for managing the next generation of networked computer systems.
PTC completed its acquisition of Kepware, a software development company that provides communications connectivity to industrial automation environments. The acquisition enhances PTC’s portfolio of Internet of Things (IoT) technology and accelerates the company’s entry into the factory setting and Industrial IoT (IIoT). Kepware’s KEPServerEX communications platform will become a strategic component of the PTC ThingWorx IoT technology platform.
PTC Risks and Challenges
A large amount of PTC sales are to customers in the discrete manufacturing sector. The global Manufacturing Purchasing Managers' Index (PMI) declined significantly in the second and third quarters of 2020 due to the impact of COVID-19 and, though it has recovered somewhat, remained approximately at the 50% level in September 2020. Although the volatility in Manufacturing PMI did not have a significant adverse effect on PTC's business in FY’20, if the manufacturing sector does not improve or continues to decline, PTC customers in this sector may, as they have in the past, reduce or defer purchases of their products and services, which could adversely affect our financial results.
PTC appears to fare well against other enterprise applications vendors during the pandemic. The question is how PTC can sustain customer interest in the post-pandemic era as many of its customers are expected to reevaluate their product lifecycle management strategiesto better withstand supply chain shocks. Additionally any systematic purging of SKUs in order to stay agile and resilient in any future emergency situation could be paramount to their long-term survival and that may well be the lesson for PLM vendors like PTC.
PTC Ecosystem, Partners, Resellers and SI
In Q3’20, PTC expanded their strategic alliances with Microsoft and Rockwell Automation into a threeway alliance to take to market a new class of IIoT solutions called Factory Insights as a Service. Factory Insights as a Service is a turnkey cloud solution that enables manufacturers to achieve significant impact, speed, and scale with their digital transformation initiatives.
In June 2019, PTC formed a strategic alliance with Vodafone Business that builds on an existing three-year relationship and will enable customers across multiple industry segments to rapidly develop and deploy revenue-generating IoT and AR applications.
In June 2018, PTC entered into a definitive agreement with Rockwell, which made a $1 billion equity investment in PTC, and Rockwell Automation’s Chairman and CEO, Blake Moret, will join PTC’s board of directors.
PTC Cloud Infrastructure Insights
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- PTC Public Cloud and Infrastructure (IaaS)
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Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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