Watch: PTC looks to boost growth in industrial IoT and AR
PTC sees the explosion of Industrial IoT and AR around the globe and hopes to capitalize on that continued growth. 2017 saw triple-digit growth for PTC’s IoT business. Now PTC is focusing on cultivating a small, focused “ecosystem” of partners. Cloud-based subscription made up 50% of PTC’s 2017 revenue, and now they are looking to open numerous “Centres of Excellence” with IoT at the center. India is a major recruiting and development ground for PTC, who has partnered with an unnamed regional company to focus on brownfield and greenfield start-up solutions.
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