TimeTec Group Strengths, Domain Expertise, and Key Differentiators
TimeTec Holding ventured into the revolutionary biometrics technology at the beginning of the new millennium with specialization in workforce time attendance and office door access designed for a large array of industries. Total 23 patents filed (3 electronic, 8 security, 8 attendance, 4 e-commerce) in Malaysia and US for the past 8 years.
Having established a strong biometrics brand worldwide via FingerTec, TimeTec Holding embarks in exploring the next big thing in technology; Cloud, IoT, and AI.
Starting in 2014, the Company has been introducing a variety of cloud solutions to provide convenience and efficacy to various companies around the world. TimeTec cloud brand focuses on workforce, security and smart residential solutions.
TimeTec Group Recent Developments
In December 2020, TimeTec Parking System was launched as a part of TimeTec's overall ecosystem. It is a cloud-based parking solution, and it offers touchless and cashless operation to all patrons through its App. TimeTec Parking caters to more than parking, it is designed to connect drivers with other activities post-parking and adds extra value to the building owners, and users.
In November 2020, TimeTec Group introduced a security solution with a series of IoT products that can protect homes against theft, fire, water damage. It consists of a smart gateway complete with camera, door/window magnetic sensor, PIR motion sensor, smoke sensor, alarm siren and panic button for close monitoring of homes or offices through i-TimeTec App.
Responding to the threat of Covid-19 pandemic, TimeTec Group introduced Anti-Epidemic biometrics product series in May 2020. The Anti-Epidemic series offers consumers with biometrics devices that read body temperature. Some models can confirm that users are wearing a mask before anybody is allowed into the premises. This precautionary tool is contactless, preventing cross-contamination, and it provides crucial data in compliance with the requirements of the health authority. As the pandemic stretches, TimeTec launched BoTemp, a device that caters to businesses needing a simple tool to read patrons' body temperature. All the major TimeTec software, TimeTec TA, TimeTec VMS, Ingress and TCMS V3, are equipped with a temperature data column for automatic and manual recording of body temperature data.
TimeTec Group Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying TimeTec Group 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 TimeTec Group 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 TimeTec Workforce Management customers.
TimeTec Group Overview
Ownership: - x
Number of Employees: 80
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K627, 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, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
TimeTec Group Key Enterprise and Cloud Applications
TimeTec Workforce Management
TimeTec Group Revenues, $M:
|Type/Year||2020||2021||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.
TimeTec Group Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
TimeTec Group Enterprise Applications Revenues By Functional Markets, $M:
TimeTec Group Enterprise Applications Revenues By Verticals, $M:
TimeTec Group Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
TimeTec Group Direct vs Indirect sales
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TimeTec Group Customers - Breakdown by Geo, Size, Vertical and Product
No. of TimeTec Group Customers: 1500
No. of TimeTec Group Enterprise Applications Customers: 700
No. of TimeTec Group Cloud Customers: x
No. of TimeTec Group Cloud Subscribers: 150000
Among TimeTec customers are: Tawasul Telecom, Jubail Municipality, Sabah Credit Corporation, Al Arqam School and many others.
TimeTec Group Market Opportunities, M&A and Geo Expansions
Hardware is expected to provide much of the company's growth. At the same time, the release of new products could be a big opportunity for the company's further growth.
TimeTec Group Risks and Challenges
Software adoptions will depend on increased hardware attach rates, especially in pushing add-on workforce management capabilities.
TimeTec Group Ecosystem, Partners, Resellers and SI
Timetec Computing has a wide range of partners and resellers. Over a hundred resellers worldwide, representing and reselling Timetec products for HR management. One of the many partners is Stromberg Technologies, Inc., Fera Tech Inc, Internet Security Systems Inc. , Badging Direct Inc., and many others.
Teaming up with the established provider, Amazon Web Services enables TimeTec to implement a stable, cost-effective, secure and reliable system.
TimeTec Group Cloud Infrastructure Insights
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- TimeTec Group Public Cloud and Infrastructure (IaaS)
- TimeTec Group Platform (PaaS)
- TimeTec Group Application Delivery
- TimeTec Group Private Cloud and Data Centers
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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