TimeTec Group Strengths, Domain Expertise, and Key Differentiators
TimeTec Holding has been at the forefront of biometrics technology since the turn of the millennium, specializing in workforce time attendance and office door access solutions tailored to a wide range of industries. Demonstrating their commitment to innovation, the company has filed a total of 23 patents in the past eight years, spanning diverse domains such as electronics, security, attendance, and e-commerce, in both Malaysia and the United States.
Building on the success of their globally recognized biometrics brand, FingerTec, TimeTec Holding is now venturing into new frontiers, exploring the transformative potential of cloud computing, IoT, and AI.
TimeTec Group Recent Developments
TimeTec Group has been making noteworthy advancements in recent times. In December 2020, the company introduced TimeTec Parking System, a cloud-based parking solution. The system offers touchless and cashless operations through a user-friendly app, enhancing convenience for patrons. Moreover, it goes beyond parking, enabling drivers to connect with other activities post-parking, thus adding value for both building owners and users.
In November 2020, TimeTec Group unveiled a comprehensive security solution with a series of IoT products. These devices safeguard homes and offices against theft, fire, and water damage. Equipped with smart gateways, cameras, sensors, and alarms, this offering provides real-time monitoring capabilities through the i-TimeTec App, ensuring peace of mind for users.
Furthermore, TimeTec Group responded to the challenges posed by the Covid-19 pandemic by introducing the Anti-Epidemic biometrics product series in May 2020. This series includes biometric devices that measure body temperature and verify mask usage before granting access to premises. These contactless solutions help prevent cross-contamination while complying with health authority guidelines. Additionally, the company launched BoTemp, a device specifically designed for businesses requiring a simple tool to measure patrons' body temperature accurately.
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
Functional Market: Absence and Leave Management, Workforce Analytics, Time and Attendance, Core HR, Payroll, Recruiting, Applicant Tracking Systems,
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, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
TimeTec Group Key Cloud and HCM Applications
TimeTec Workforce Management
TimeTec Group HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** 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:
TimeTec Group HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
TimeTec Group HCM Applications Revenues By Verticals, $M:
TimeTec Group Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
TimeTec Group Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
TimeTec Group Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified TimeTec Group Customers
No. of TimeTec Group Customers: 1500
No. of TimeTec Group HCM Applications Customers: 700
No. of TimeTec Group Cloud HCM Customers: x
No. of TimeTec Group Cloud HCM Subscribers: 150000
TimeTec Holding has established a broad customer base across different industries. Notable customers include Tawasul Telecom, Jubail Municipality, Sabah Credit Corporation, and Al Arqam School, among others.
TimeTec Group Market Opportunities, M&A and Geo Expansions
TimeTec anticipates substantial growth driven by its hardware offerings. Simultaneously, the introduction of new products presents a significant opportunity for the company's continued expansion and success.
TimeTec Group Risks and Challenges
The adoption of TimeTec's software solutions relies on the escalation of hardware attach rates, particularly in driving the integration of supplementary workforce management capabilities.
TimeTec Group Ecosystem, Partners, Resellers and SI
TimeTec Computing has cultivated an extensive network of partners and resellers, with a global presence exceeding one hundred resellers. These dedicated partners actively promote and distribute Timetec's comprehensive range of HR management products. Among the notable partners collaborating with TimeTec are Stromberg Technologies, Inc., Fera Tech Inc., Internet Security Systems Inc., Badging Direct Inc., and various other esteemed entities.
Furthermore, TimeTec has formed a strategic alliance with the reputable provider, Amazon Web Services (AWS). This collaboration empowers TimeTec to deploy a robust, cost-effective, and secure system, ensuring stability and reliability in their solutions.
TimeTec Group Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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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
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).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
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