PTC is a global software company that provides solutions for manufacturers and product companies to digitally transform how they design, manufacture, and service physical products. The company's core business model revolves around CAD and PLM software, offered primarily through a subscription model, with key markets including industrial, aerospace, electronics, automotive, and medical technology. PTC's competitive advantages lie in its end-to-end digital thread capabilities, enabling a connected flow of product data across the value chain, and a strong global presence with a diverse customer base.