Following its Q3 earnings call, PTC announced on July 30th that semiconductor manufacturer GlobalFoundries (GF), will begin using its Vuforia augmented reality solutions platform. GF will implement the newly released Vuforia Expert Capture (providing location-specific augmented reality guidance) software for use with AR HMDs such as RealWear’s HMT-1. GF will also be using PTC’s Vuforia Studio (its drag-and-drop authoring environment), … Read More
Factory Deployments of PTC’s Augmented Reality Solutions Show Robust Industrial AR Adoption
PTC reported fiscal 3Q19 revenues of $322 million, up 2% year-over-year and missing the $322.42 million consensus estimate.
Augmented Reality and IoT Eclipse CAD and PLM at PTC
PTC’s most recent earnings call saw its bookings forecast decline by $15 million, attributed to unfavorable hiring conditions for sales reps in its rapidly growing IoT business, which includes flagship augmented reality products such as the Vuforia engine and Vuforia Chalk. However, the call also revealed that AR and IoT revenue had surpassed the company’s historical cornerstone business of CAD … Read More
Build 2019: Microsoft Strengthens Foundation For Enterprise Cloud xR
Beginning on May 6th, Seattle saw Microsoft’s Build developer event unveil a number of important announcements from the tech giant, all reinforcing the service-centric vision pioneered by CEO Satya Nadella. Executives representing Azure, Office 365, GitHub, and others took center stage, focusing on Microsoft’s evolving set of enabling technologies and compelling industry partnerships. In a continuing trend across large technology … Read More
Microsoft Unveils Hololens 2, Shows The Path to the Third Wave of Computing
The following is part of our Augmented Reality Intelligence Service, which includes data, analysis, and insights about augmented reality and related technologies. At a press event in Barcelona, during Mobile World Congress 2019, Microsoft executives and partners representing Trimble, PTC, Epic Games, and other virtual and augmented reality (“xR”) stakeholders, unveiled the successor to Microsoft’s breakthrough augmented reality HMD, simply called Hololens … Read More
New ISV solutions provide virtual reality simulation for autonomous driving market
Autonomous driving is projected to transform the transportation sector. In the wake of this transformation, solution providers of all kinds are rushing to introduced new products and services that help auto manufacturers with their speed to market. One set of solution providers, independent software vendor (ISVs) are increasingly looking at virtual reality-enabled solutions to solving many of the simulation problems … Read More
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