PTC Named Overall Leader in Enterprise Augmented Reality Platforms Assessment from ABI Research

Rhea-AI Summary

On February 2, 2022, PTC was named the overall leader in the enterprise augmented reality (AR) platforms market by ABI Research. The report highlighted PTC's Vuforia® Enterprise AR Solution Suite, emphasizing its strengths in innovation and implementation. The company excelled in areas such as computer vision, AI, and machine learning, along with a strong partner network and support for various AR hardware. This marks the second consecutive year PTC has received this recognition, solidifying its position in the AR market.

Positive

• Named overall leader in the enterprise AR platforms market by ABI Research.
• Highest scores in innovation and implementation categories.
• Strengths in computer vision, AI, and machine learning highlighted.
• Strong customer base and partner network enhancing market position.
• Vuforia delivered as a SaaS solution, broadening deployment options.

Negative

• None.

BOSTON, Feb. 2, 2022 /PRNewswire/ -- PTC (NASDAQ: PTC) today announced that it has been named the overall leader in the enterprise augmented reality (AR) platforms market for its Vuforia® Enterprise AR Solution Suite in a new report from ABI Research entitled, "Enterprise Augmented Reality Platforms – Competitive Ranking." The complete report can be downloaded here.

PTC has been named the overall leader in the enterprise augmented reality platforms market.

ABI Research's report assessed AR vendors in two criteria categories: innovation and implementation. PTC received the highest scores in the assessment for both categories. For innovation, ABI Research highlighted PTC's strengths in computer vision, use case applicability, AI and machine learning, and support for enabling technologies, among others. For implementation, PTC was recognized for its strong customer base and partner network, device support for leading AR hardware vendors, the availability of Vuforia as a SaaS solution, and more.

According to the report's lead analyst, Eric Abbruzzese, "PTC's complete commitment to Vuforia as a brand and core tenet of the total PTC portfolio has allowed Vuforia to improve in all criteria areas while also not sacrificing innovation potential…Vuforia products continue to improve in capability and overall scope, and early and significant ongoing investment in Vuforia positions it as a primary element of the company's total go to market."

This is the second consecutive enterprise augmented reality report from ABI Research that has recognized PTC as the overall market leader. Vuforia's comprehensive, scalable enterprise AR solution suite enables industrial enterprises to train their frontline workers, capture and transfer expert knowledge, ensure product quality during manufacturing, and improve first-time fix rates. Delivered on the PTC Atlas™ SaaS platform, Vuforia's enterprise AR solution portfolio includes: Vuforia Instruct™, Vuforia Expert Capture™, Vuforia Studio™, Vuforia Engine™, Vuforia Chalk™, and Vuforia Spatial Toolbox™.

"Receiving the top scores in this AR vendor assessment from ABI Research validates PTC's AR strategy, value-centric approach, commitment to innovation, and market leadership," said Michael Campbell, Executive Vice President and General Manager of Augmented Reality at PTC. "We will continue developing Vuforia AR solutions to address the complex needs of industrial enterprises and enable successful business outcomes."

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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About ABI Research

ABI Research is a global technology intelligence firm delivering actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today. For more information about ABI Research's services, visit www.abiresearch.com.

Media Contacts
PTC
Corporate Communications
Gabrielle Farrell
gfarrell@ptc.com

PTC, Vuforia, Vuforia Instruct, Vuforia Expert Capture, Vuforia Studio, Vuforia Engine, Vuforia Chalk, Vuforia 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.

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SOURCE PTC Inc.

FAQ

What recognition did PTC receive from ABI Research on February 2, 2022?

PTC was named the overall leader in the enterprise augmented reality platforms market by ABI Research.

What are the strengths of PTC's Vuforia solution according to ABI Research?

PTC's Vuforia solution excels in computer vision, AI, machine learning, and implementation capabilities.

Is this the first time PTC has been recognized as a leader in AR platforms?

No, this is the second consecutive year PTC has been recognized as the overall leader by ABI Research.

How does PTC's Vuforia solution impact industrial enterprises?

Vuforia helps industrial enterprises with training, knowledge transfer, quality assurance in manufacturing, and improving operational efficiency.