PTC's Moaty CAD and PLM Software Solutions Have High Switching Costs

Global software company PTC provides digital transformation solutions that specialize in computer-aided design and product lifecycle management to help businesses design and manufacture products effectively. Its customers, which span industries like manufacturing, automotive, and aerospace, use PTC’s solutions to address critical needs like product development, reduced time to market, and streamlined workflows. Although high-end CAD is a mature market, PTC’s foray into midmarket CAD and augmented reality will open up new addressable markets and add growth to the top line, as we expect the company's revenue mix to shift significantly to these areas over the next 10 years.