Analyst Reports

PTC Provides “Leading AR Platform in the Market”, According to Independent Analyst Report

 

  • September 17, 2020

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  • PTC’s Vuforia Augmented Reality Solutions Suite Attains “Best in Class” Ranking for Second Consecutive Year in teknowlogy Group’s PAC RADAR Analysis

BOSTON – September 17, 2020 – PTC (NASDAQ: PTC) today announced that, for the second year in a row, its Vuforia® augmented reality (AR) solutions suite has been named a “Best in Class” technology in the latest PAC RADAR vendor analysis. In the report, entitled “Open Digital Platforms for the Industrial World in Europe 2020: Platforms for Connected Workers (AR),” PTC is positioned as top vendor in both “competence” and “strength in the marketplace.”

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The PAC RADAR report by teknowlogy is a holistic evaluation and visual positioning of software and service providers. The report evaluates and compares providers’ strategies, development processes, and respective market positions, as well as their performance and competencies within specific market segments. The specific criteria for open digital platforms for connected workers – the category in which AR products were assessed – addressed industrial use cases, device flexibility and hardware-related interoperability, application and data integration with other technologies – PLM, IoT, and ERP – and portfolio quality, based on customer references.

“PTC is proud to be recognized as the leading industrial enterprise AR provider for the second year in a row by the PAC RADAR Analysis” said Mike Campbell, executive vice president and general manager of augmented reality products, PTC. “This achievement underscores our commitment to developing a suite of best-in-class augmented reality solutions that empower connected workers and address key use cases across the value chain, further validating our market and product strategies.”

“For the second consecutive year, PTC received top scores among all AR vendors in both ‘competence’ and ’strength in the marketplace’,” explained Arnold Vogt of teknowlogy Group. “The results speak to PTC’s continued investment and maturity in the AR market, and its commitment to offering a broad suite of AR solutions for industrial enterprises.”

Recognized by industry analysts for its depth and breadth of capabilities, Vuforia offers some of the fastest, easiest, and most advanced AR content development solutions, enabling increased workforce safety and efficiency, improved customer experiences, and reduced costs. The Vuforia AR Enterprise Suite includes the Vuforia Chalk™, Vuforia Expert Capture™, Vuforia Studio™, and Vuforia Engine™ AR products, as well as the newly-released Vuforia Spatial Toolbox™ platform.

Additional Resources

About teknowlogy Group

teknowlogy Group is a leading independent European research and consulting firm in the fields of digital transformation, software, and IT services. It brings together the expertise of three research and advisory firms, each with a strong history and local presence in the fragmented markets of Europe: Ardour Consulting Group, CXP, and PAC (Pierre Audoin Consultants).

About PTC (NASDAQ: PTC)

PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. In combination with an extensive partner network, PTC provides customers flexibility in how its technology can be deployed to drive digital transformation – on premises, in the cloud, or via its pure SaaS platform. At PTC, we don’t just imagine a better world, we enable it. 

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Greg Payne
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PTC, Vuforia, Chalk, Expert Capture, Studio, Engine, Spatial Toolbox, and the PTC logo are trademarks or registered trademarks of PTC Inc. and/or its subsidiaries in the United States and other countries.