Iveda Makes It on the List of the Top 25 Industry Players in Video Surveillance and Storage Market

Rhea-AI Summary

Iveda (OTCMKTS:IVDA) has been recognized as one of the top 25 players in the video surveillance and storage market according to A2Z Market Research's analysis from 2021-2027. The global Video Surveillance Storage market is projected to grow from USD 7.5 billion in 2020 to USD 10.2 billion by 2025, driven by increasing adoption of IP cameras. Iveda's solutions leverage AI technologies to enhance video surveillance efficiency, showing significant accuracy improvements. The CEO emphasizes their focus on new revenue streams and federal contracts, following a robust strategy and commitment to digital transformation.

Positive

• Listed as a top 25 player in video surveillance and storage market.
• Projected growth for global video surveillance storage market indicates positive industry trends.
• Utilizes advanced AI technology for improved efficiency and accuracy (>95%).
• Strong focus on new revenue streams and federal contracts enhances growth potential.

Negative

• None.

MESA, Ariz., March 02, 2021 (GLOBE NEWSWIRE) -- Iveda^® (OTCMKTS:IVDA), worldwide provider of IvedaAI^™ intelligent video search technology, IoT (Internet of Things) platform with smart devices and the Sentir^® cloud-based video surveillance platform, today announced it has made it on the list of the top 25 industry players in the video surveillance and storage market based on 2021-2027 market analysis from A2Z Market Research.

According to KSU | The Sentinel Newspaper, “Video Surveillance & Storage Market is growing at a High CAGR during the forecast period 2021-2027. The increasing interest of the individuals in this industry is the major reason for the expansion of this market.”

MarketsandMarkets^™ forecasts the global Video Surveillance Storage (VSS) market size to grow from USD 7.5 billion in 2020 to USD 10.2 billion by 2025, at a CAGR of 6.1% during 2020–2025. Major growth factors for the market include the adoption of IP cameras and demand for video surveillance and its storage to secure public places.

Based on the 2021-2027 Market Analysis research from A2Z Market Research, the top industry players in the video surveillance and storage market are: 

Pelco, Inc.
Seagate Technology LLC
Robert Bosch GmbH
Nexsan Corporation
Arxys Software Orchestrated Storage
Buffalo Technology
Johnson Controls
Quantum Corporation
Eyecast Inc.
Iveda Solutions Inc.
EMC Corporation
Western Digital Corporation
Pacific Controls
Rasilient Systems Inc.
Cisco Systems, Inc.
Schneider Electric (Pelco)
Hewlett-Packard Development Company L.P.
Hitachi, Ltd.
Honeywell International Inc.
Dell
Mindtree Limited
Veracity Inc.
Avigilon Corporation, Dell Inc.
Promise Technology Inc.

For reference, please click on this link: https://ksusentinel.com/2021/02/11/video-surveillance-storage-market-2021-and-analysis-to-2027-pelco-inc-seagate-technology-llc-robert-bosch-gmbh-nexsan-corporation/

“This achievement of making it on the hefty list of video surveillance and storage market leaders including Honeywell, HP, Cisco, Western Digital, Pelco, is the direct result of our management’s dedication during the past few years to invest more time and resources to fine tune and finalize all facets of our digital transformation product offerings. Today Iveda is sturdily determined with its reboot efforts in its state-of-the art technology suite to enter numerous essential industry applications including airports, construction, retail shopping, situational awareness, smart city, school, traffic management and others, garnering new channel partners in both international and U.S. domestic markets,” stated David Ly, Iveda CEO.

Iveda’s solutions are seeing tremendous growing demand around the world due to its competitive advantage in artificial intelligence (AI) technologies adaptable to legacy and non-AI analytic products. Powered with avant-garde IvedaAI platform, customers with legacy video surveillance products can save time and manpower with smart object detection and fast searching (in seconds). Iveda’s utilization of deep learning technologies minimize both false positives and false negatives by detecting objects far more accurately (over 95%) based upon all search types which is the key competitive factor of Iveda’s AI technologies.

“As we join the top industry players with cost-effective solutions, Iveda is fueled with its superior AI product suite that outperforms other industry players. This suite includes advanced, unmatched capabilities in smoke and fire detection as well as weapon detection; Iveda is now very well positioned to become much more competitive in obtaining larger-scaled federal contracts with much longer durations,” said Ly.

“In alignment with our new corporate roadmap as one of the top industry leaders in our field, Iveda is planning to execute on its total reboot strategy toward capital markets. This will soon culminate in Iveda’s return to full reporting status, as it strives to realize promising new revenue streams in our recently expanded sales pipelines and continues on its steady path to profitability,” added Ly.

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 Iveda and Sentir are registered trademarks of Iveda Solutions, Inc. IvedaAI is a trademark of Iveda Solutions, Inc. All other trademarks are property of their respective owners.

About Iveda

Iveda^® (OTCMKTS:IVDA) specializes in IoT platforms that offer service providers a turn-key cloud video surveillance system, smart sensors and intelligent video search technology. Iveda^® utilizes proprietary command center, big data storage and deep-learning algorithms. Iveda has a SAFETY Act Certification from the U.S. Department of Homeland Security as a Qualified Anti-Terrorism Technology Provider. Headquartered in Mesa, Arizona, with a subsidiary in Taiwan, Iveda^® is publicly traded under the ticker symbol “IVDA.” For more information call (480) 307-8700 or visit www.iveda.com. To follow Iveda^® on social media, please visit:

www.twitter.com/ivedasolutions

www.facebook.com/ivedasolutions

www.linkedin.com/company/iveda-solutions

This release includes forward-looking statements. Actual results may vary materially from those expected. All forward-looking statements made herein are qualified by such risk factors, and readers are advised to consider such factors carefully. Iveda undertakes no obligation to revise these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact:
Iveda
Luz A. Berg
Chief Marketing Officer & GM
480 307-8700
lberg@iveda.com

FAQ

What recognition did Iveda (IVDA) receive in the video surveillance market?

Iveda has been ranked as one of the top 25 industry players in the video surveillance and storage market according to A2Z Market Research.

What is the projected growth of the global video surveillance storage market?

The global Video Surveillance Storage market is expected to grow from USD 7.5 billion in 2020 to USD 10.2 billion by 2025.

What is the competitive advantage of Iveda's technology?

Iveda's AI technology offers significant efficiency improvements and accuracy rates above 95% in object detection.

How does Iveda plan to enhance its market position?

Iveda aims to execute a total reboot strategy to improve reporting status and focus on new revenue streams, including larger federal contracts.