PTC Inc (PTC) is a provider of software products and solutions. It offers industrial internet-of-things (IIoT), augmented reality (AR), computer-aided design (CAD), product lifecycle management (PLM), focused solutions group (FSG), application lifecycle management (ALM) products, service lifecycle management (SLM) products, other niche tailored solutions and service parts management solutions. The company provides these products and solutions under the brands such as Creo, Onshape, Integrity, Arena, Windchill, Vuforia, Servigistics, and ThingWorx.

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PTC’s R&D focuses on the development of new updates and releases for the existing solutions to strengthen their functionality. The company conducts R&D operations at its facility in India. In FY2022, the company incurred expenses of US$338.8 million on its R&D, which as a percentage of revenue, stood at 18%.