PTC

Company Snapshot

Founded: 1985
Entity Type: Public
Employees: 7,501
Region: Americas
Revenue: $2,298.5 Millions
Revenue Year: 2024
Headquarter: Massachusetts, U.S.
Key Geographics: Americas, Europe, Asia-Pacific
Corporate Address: 121 Seaport Boulevard, Boston, Massachusetts 02210 U.S. Tel. +1-781-370-5000 www.ptc.com

Company Overview

PTC Inc. (formerly Parametric Technology Corp.) is a global software company that provides a portfolio of innovative digital solutions that work together to transform how physical products are engineered, manufactured and serviced. The company's technology portfolio spans across the computer-aided design (CAD), product lifecycle management (PLM), Industrial Internet of Things (IIoT), and Augmented Reality (AR) markets.

PTC operates through two segments:

  • The Software Products segment includes license, subscription and related support revenue (including updates and technical support) for all its products. It offers various PLM including the ThingWorx IIoT platform.
  • The Professional Services segment includes consulting, implementation and training services. Its AR Tools & Solutions include Vuforia Instruct, Vuforia Expert Capture, Vuforia Studio, Vuforia Chalk, Vuforia Engine, and Vuforia Work Instructions.

PTC’s portfolio includes CAD, PLM, ALM, IoT, AR, and SLM technologies that work together to establish a digital thread that spans the entire product lifecycle, enabling faster data continuity across business and better collaboration between teams. The company licenses its products to customers worldwide including in the Americas, Europe and Asia-Pacific.

Financial Highlights (FY 2024)

Net Revenue: ***
Total Current Liabilities: ***
Total Current Assets: ***
R&D expenses: ***
Operating Income: ***

This information is available for BCC Research members only.

PTC In Reports

Industrial IoT (IIoT): Global Markets

Discover BCC Research's report on Industrial IoT Market report provides an overview of the industry and analyzes market trends Using 2022 as the base year.

Global IoT Solutions and Services Market: Trends and Forecast (2022-2027)

BCC Research Market Report for IoT Solutions and Services Market. Overview of the global IoT solutions and services and analyzes market trends.

Digital Twin Market

BCC Research Market Report for digital twins is estimated to increase from $4.9 billion in 2021 to about $50.2 billion by 2026 at a compound annual growth rate of 59.0%

Company's Business Segments

  • Product lifecycle management (PLM) : The segment generated revenue from various software such as ServiceMax and Codebeamer
  • Computer-Aided Design (CAD) : Creo, Creo Elements/Direct, Creo+, Onshape

Applications/End User Industries

  • Automotive
  • Electronics
  • Life Sciences
  • Industrial Machinery
  • Retail and Consumer products Industries
  • Aerospace and Defense