PTC Among Cloud Top 500

121 Seaport Boulevard

Boston, MA, 02210, United States

1 781-370-5000

http://www.ptc.com/

112

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 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 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 Key Enterprise and Cloud Applications

PTC PLM Cloud,

PTC Revenues, $M:

Type/Year20182019YoY 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:

TypeLicenseServicesHardwareSupport & MaintenanceSaaS
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe

PTC Revenues By Region, $M

Region% of Total Revenues2019 Total Revenues, $M2019 Enterprise Applications Revenues, $M2019 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

RegionDirect SalesIndirect SalesTotal
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

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

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 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)
  • PTC Platform (PaaS)
  • PTC Application Delivery
  • PTC Private Cloud and Data Centers

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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