Suprema HQ Strengths, Domain Expertise, and Key Differentiators
Suprema is a Korea-based biometrics company specializing in advanced fingerprint systems and solutions. Their fingerprint systems, including IP-based access control and time attendance terminals, are branded as BioStation, D-Station, FaceStation, BioEntry, BioLite, and others. These fingerprint solutions are seamlessly integrated with related fingerprint systems, serving both domestic and international markets.
BioStar 2 is Suprema's web-based, open, and fully integrated security platform, offering comprehensive functionality for access control, time & attendance, visitor management, and video logs. With a strong focus on data security, BioStar 2 encrypts all personal data and supports SDKs and web APIs to facilitate smooth integration with third-party software.
Suprema HQ Recent Developments
In the year 2020, Suprema's BioStar 2 platform achieved the prestigious ISO 27001 and ISO 27701 certifications, which are globally recognized standards for privacy information and security. Emphasizing the company's commitment to elevating security measures not only for its products and solutions but across the entire organization, Suprema expanded its security team and implemented a robust data protection system in adherence to stringent global security compliance standards. Young S. Moon, the CEO of Suprema, expressed his satisfaction with the validation of their efforts through the attainment of ISO 27001 and 27701 certifications.
In January 2020, Suprema unveiled an upgraded version of its BioStar 2 platform, reinforcing its cybersecurity capabilities. BioStar 2, an integrated and web-based security platform, provides comprehensive functionalities for access control and time & attendance management.
In September 2019, Suprema introduced its cutting-edge range of biometric security solutions. This included the unveiling of a state-of-the-art mobile credential solution, incorporating facial recognition technology, and integrating enterprise access control solutions with anti-tailgating sensors.
The newly introduced Mobile Credential represents the industry's most advanced smartphone-based authentication solution, utilizing both Bluetooth Low Energy (BLE) and NFC technologies. The solution boasts a dedicated credential management portal website, streamlining card issuing, maintenance, and control processes. Notably, it offers seamless operation on both iPhone and Android smartphones, facilitating easier maintenance through the portal service.
Suprema also launched its latest lineup of facial recognition products and enterprise access control solutions during the ISC West event in April of the same year. The introduction of the FaceLite in the Japanese market showcased its exceptional facial recognition performance, excelling in matching speed, operating illuminance, and user capacity.
The FaceLite caters to both enterprise access control systems and time attendance applications, showcasing Suprema's industry-leading technologies and innovative features. With a powerful 1.2GHz CPU and a massive 8GB memory, the FaceLite achieves an astonishing matching speed of up to 30,000 matches per second, accommodating up to 30,000 users. Additionally, its intuitive face-enrollment GUI ensures swift user registration, enhancing the overall user experience.
These advancements underscore Suprema's dedication to staying at the forefront of biometric security technology and meeting the evolving needs of its customers. As a company committed to innovation and excellence, Suprema continues to pave the way for cutting-edge solutions in the biometrics industry.
Suprema HQ Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Suprema HQ applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Suprema HQ and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified BioStar 2, customers.
Suprema HQ Overview
17F Parkview Tower, 248, Jeongjail-ro, Bundang-gu
Seongnam, Gyeonggi, 13554, South Korea
82 31-783-4502
https://www.supremainc.com/
Ownership: - 094840 : KOSDAQ
Number of Employees: 46
Functional Markets: HCM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Suprema HQ Key Enterprise and Cloud Applications
BioStar 2,
Suprema HQ Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Suprema HQ Revenue Breakdown By Type, $M:
Suprema HQ Enterprise Applications Revenues By Functional Markets, $M:
Suprema HQ Enterprise Applications Revenues By Verticals, $M:
Suprema HQ Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Suprema HQ Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Suprema HQ Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Suprema HQ Customers
No. of Suprema HQ Customers: 1500
No. of Suprema HQ Enterprise Applications Customers: 1500
No. of Suprema HQ Cloud Customers: x
No. of Suprema HQ Cloud Subscribers: x
Suprema serves a diverse clientele, with over 1,500 clients spread across 133 countries worldwide. Notably, the company derives more than 75% of its sales through its official distribution channels. This extensive global reach and sales strategy underscore Suprema's effective market penetration and emphasis on establishing strong and reliable partnerships with its authorized distributors.
Suprema HQ Market Opportunities, M&A and Geo Expansions
Suprema's revenue growth has been impressive, jumping from $49.2 million in 2013 to $65.5 million in 2014, with subsequent years showing continued double-digit growth. Such financial success underscores the company's strong market position and resonates with investors seeking promising opportunities in the biometrics industry. The growing demand for biometric security solutions across various industries offers immense potential for the company. As security and privacy concerns continue to rise, organizations worldwide are actively seeking advanced access control and authentication solutions, presenting a vast untapped market.
Suprema HQ Risks and Challenges
Suprema's software adoption success faces a critical risk factor dependent on the rate of increased hardware attachments. The company's ability to drive add-on workforce management capabilities heavily relies on seamless integration with their hardware offerings. Failure to achieve substantial hardware attach rates may pose a significant risk to the adoption and market penetration of their software solutions.
Hardware-software synergy is a crucial aspect of Suprema's growth strategy, and any misalignment or delay in harmonizing these components may hinder the company's ability to capitalize on market opportunities. As the biometrics industry evolves, competitors vying for market share further amplify the risk landscape, adding to the complexity of differentiating Suprema's offerings.
Suprema HQ Ecosystem, Partners, Resellers and SI
Suprema expanded its North American presence in December 2020 by forming key alliances with prominent wholesale distributors like ADI, Anixter, and Wesco, along with integration partners. The growing demand for Suprema's touchless biometrics solutions was notably driven by numerous organizations, corporations, and government entities seeking safe and efficient access control measures during the COVID-19 pandemic.
In January 2020, Suprema forged a strategic partnership with WurkNow, a renowned cloud-based staffing solution. This collaboration leverages Suprema's BioStar 2 platform, empowering WurkNow to remotely manage time clocks efficiently, resulting in faster operations and minimal maintenance requirements.
In a strategic move to enhance its operations in the United States, Suprema officially launched Suprema America LLC in July 2019, appointing Hanchul Kim as the Managing Director of the US subsidiary. Complementing this development, the company established a dedicated technical support hub in Orlando, Florida, and a strategically located warehouse in Austin, Texas. These endeavors aimed to optimize support services for the company's nationwide dealers, system integrators, and distributors.
Suprema's expansive global network of partners includes industry-leading players such as Avigilon, Honeywell, Axis Communications, Kantech, Pacom, Paxton, Stanley, and many others. These integrations foster seamless collaboration and mutual reinforcement, positioning Suprema as a key player in the biometrics industry.
Suprema HQ Cloud Infrastructure Insights
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Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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