PTC Windchill Named a Leader and PTC Arena Named a Visionary in Gartner Magic Quadrant for PLM Software in Discrete Manufacturing Industries
According to Gartner, PLM software "streamlines and manages the entire lifecycle of a product, from initial concept through design, manufacturing, service, and its ultimate disposal." As the system of record for product data across the lifecycle, PLM is essential as manufacturers and product companies consider AI-driven transformation. Gartner predicts that, "by 2030, over 60% of manufacturers are expected to rely on PLM as a core system for enabling AI-driven product innovation and development, up from about 20% today."
"PTC's recognition as both a Leader and a Visionary in the PLM market, we believe, reinforces our track record of serving the full range of customer needs, from the world's largest discrete manufacturers to fast-growing product companies," said
With Windchill, Arena, and the rest of its portfolio, PTC is delivering on its vision for the Intelligent Product Lifecycle: connecting systems of record across the lifecycle, building a strong product data foundation, and powering AI-driven transformation. With the Intelligent Product Lifecycle, manufacturers and product companies can bring higher quality products to market faster, reduce costs, meet regulatory standards, and much more.
To learn more, visit www.ptc.com/resources/plm/report/gartner-magic-quadrant-report.
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About PTC
PTC (NASDAQ: PTC) is a global software company that enables manufacturers and product companies to digitally transform how they create and maintain the physical products the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally. For more information, please visit www.ptc.com.
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PTC, Windchill, Arena, and the PTC logo are trademarks or registered trademarks of PTC Inc. and its subsidiaries in the United States and other countries.
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