STOCK TITAN

Iveda Philippines Advises Major Cities on Benchmarks for Successful Smart City Deployment

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

Iveda, a global leader in cloud-based AI technology, is partnering with major cities across the Philippines and Asia to establish specifications and standards for Smart City deployments. Iveda Philippines is leading efforts to provide direction and industry benchmarks for efficient implementation of smart technologies like IvedaAI, Utilus Smart Pole, IvedaEMS, and Cerbero.

With over 20 years of industry experience, Iveda offers AI, IoT, and smart city solutions that integrate seamlessly with existing infrastructure, minimizing costs for cities. The company is developing a comprehensive framework for Smart City specifications, including AI-powered technologies, IoT systems, and advanced data analytics.

This initiative aims to improve safety, operational efficiency, and sustainability in urban areas. The global smart cities market is projected to reach $318.8 billion by 2025, highlighting the growing demand for technological innovation in urban development.

Iveda, un leader globale nella tecnologia AI basata sul cloud, sta collaborando con le principali città delle Filippine e dell'Asia per stabilire specifiche e standard per le implementazioni delle Smart City. Iveda Filippine sta guidando gli sforzi per fornire direzione e parametri di riferimento del settore per un'implementazione efficiente di tecnologie intelligenti come IvedaAI, Utilus Smart Pole, IvedaEMS e Cerbero.

Con oltre 20 anni di esperienza nel settore, Iveda offre soluzioni di AI, IoT e Smart City che si integrano perfettamente con le infrastrutture esistenti, riducendo i costi per le città. L'azienda sta sviluppando un quadro completo per le specifiche delle Smart City, inclusi tecnologie alimentate da IA, sistemi IoT e analisi avanzate dei dati.

Questa iniziativa mira a migliorare safety, efficienza operativa e sostenibilità nelle aree urbane. Il mercato globale delle smart cities è previsto raggiungere 318,8 miliardi di dollari entro il 2025, evidenziando la crescente domanda di innovazione tecnologica nello sviluppo urbano.

Iveda, un líder global en tecnología de IA basada en la nube, se está asociando con las principales ciudades de Filipinas y Asia para establecer especificaciones y estándares para las implementaciones de Smart City. Iveda Filipinas está liderando los esfuerzos para proporcionar dirección y puntos de referencia de la industria para la implementación eficiente de tecnologías inteligentes como IvedaAI, Utilus Smart Pole, IvedaEMS y Cerbero.

Con más de 20 años de experiencia en la industria, Iveda ofrece soluciones de IA, IoT y ciudades inteligentes que se integran sin problemas con la infraestructura existente, minimizando los costos para las ciudades. La compañía está desarrollando un marco integral para las especificaciones de Smart City, incluidos tecnologías impulsadas por IA, sistemas IoT y análisis avanzados de datos.

Esta iniciativa tiene como objetivo mejorar la seguridad, la eficiencia operativa y la sostenibilidad en las áreas urbanas. Se proyecta que el mercado global de ciudades inteligentes alcanzará 318,8 mil millones de dólares para 2025, destacando la creciente demanda de innovación tecnológica en el desarrollo urbano.

아이베다(Iveda), 클라우드 기반의 AI 기술을 선도하는 글로벌 기업이 필리핀과 아시아의 주요 도시와 협력하여 스마트 시티 배치를 위한 사양 및 기준을 마련하고 있습니다. 아이베다 필리핀은 IvedaAI, Utilus Smart Pole, IvedaEMS, Cerbero와 같은 스마트 기술의 효율적인 구현을 위한 방향성과 산업 벤치마크를 제공하기 위해 노력하고 있습니다.

20년 이상의 업계 경험을 보유한 아이베다는 기존 인프라와 원활하게 통합되는 AI, IoT 및 스마트 시티 솔루션을 제공하여 도시의 비용을 최소화합니다. 이 회사는 AI 기반 기술, IoT 시스템 및 고급 데이터 분석을 포함한 스마트 시티 사양을 위한 포괄적인 프레임워크를 개발하고 있습니다.

이 이니셔티브는 도시 지역의 안전성, 운영 효율성 및 지속 가능성을 개선하는 것을 목표로 하고 있습니다. 글로벌 스마트 시티 시장은 2025년까지 3,188억 달러에 이를 것으로 예상되며, 이는 도시 개발에서 기술 혁신에 대한 수요 증가를 강조합니다.

Iveda, un leader mondial dans la technologie IA basée sur le cloud, s'associe avec les grandes villes des Philippines et d'Asie pour établir des spécifications et des normes pour les déploiements de Smart City. Iveda Philippines mène des efforts pour fournir des orientations et des références sectorielles pour une mise en œuvre efficace des technologies intelligentes telles que IvedaAI, Utilus Smart Pole, IvedaEMS et Cerbero.

Avec plus de 20 ans d'expérience dans l'industrie, Iveda propose des solutions IA, IoT et Smart City qui s'intègrent parfaitement à l'infrastructure existante, minimisant ainsi les coûts pour les villes. L'entreprise développe un cadre complet pour les spécifications des Smart City, y compris des technologies alimentées par l'IA, des systèmes IoT et des analyses de données avancées.

Cette initiative vise à améliorer la sécurité, l'efficacité opérationnelle et la durabilité dans les zones urbaines. Le marché mondial des villes intelligentes devrait atteindre 318,8 milliards de dollars d'ici 2025, soulignant la demande croissante d'innovation technologique dans le développement urbain.

Iveda, ein globaler Marktführer in der cloudbasierten KI-Technologie, arbeitet mit wichtigen Städten auf den Philippinen und in Asien zusammen, um Spezifikationen und Standards für Smart City-Implementierungen zu etablieren. Iveda Philippinen leitet die Bemühungen, eine Richtung und Branchenbenchmarks für die effiziente Umsetzung intelligenter Technologien wie IvedaAI, Utilus Smart Pole, IvedaEMS und Cerbero bereitzustellen.

Mit über 20 Jahren Branchenerfahrung bietet Iveda KI-, IoT- und Smart City-Lösungen, die nahtlos mit der bestehenden Infrastruktur integriert werden und die Kosten für die Städte minimieren. Das Unternehmen entwickelt ein umfassendes Rahmenwerk für die Spezifikationen von Smart Cities, einschließlich KI-gesteuerter Technologien, IoT-Systeme und fortgeschrittener Datenanalysen.

Diese Initiative zielt darauf ab, Sicherheit, betriebliche Effizienz und Nachhaltigkeit in städtischen Gebieten zu verbessern. Der globale Markt für Smart Cities wird voraussichtlich bis 2025 318,8 Milliarden Dollar erreichen, was die wachsende Nachfrage nach technologischen Innovationen in der Stadtentwicklung unterstreicht.

Positive
  • Iveda is partnering with major cities to establish Smart City deployment standards
  • The company's solutions integrate with existing infrastructure, minimizing costs
  • Global smart cities market projected to reach $318.8 billion by 2025
  • Iveda's comprehensive framework includes AI, IoT, and advanced data analytics
Negative
  • None.

Insights

Iveda's initiative to establish smart city standards in the Philippines is a strategic move, but its immediate impact on the company's financials is likely While the global smart cities market is projected to reach $318.8 billion by 2025, Iveda's current $3.6 million market cap suggests it's a small player in this space.

The company's approach of leveraging existing infrastructure is cost-effective for cities, which could be attractive to budget-conscious municipalities. However, the sales cycle for large-scale city projects is typically long and revenue recognition may be delayed. Iveda's suite of AI solutions (IvedaAI, Utilus Smart Pole, IvedaEMS and Cerbero) demonstrates technological capability, but without specific contract values or timelines, it's challenging to gauge the financial impact.

Investors should monitor for announcements of concrete deals or partnerships resulting from these advisory roles, as these would be stronger indicators of future revenue potential. The company's small size could mean significant upside if it secures major contracts, but also implies higher risk and potential volatility.

With more than two decades of industry expertise, Iveda sets the industry standard for smart city development in the Philippines and beyond

MESA, Ariz.--(BUSINESS WIRE)-- Iveda® (NASDAQ: IVDA), the global leader in cloud-based AI technology, today reports progressive partnerships with major cities across the Philippines and broader Asia, assisting city officials in establishing specifications and standards for Smart City deployments. Iveda Philippines is spearheading efforts to provide direction and industry benchmarks that will enable cities across the region to efficiently implement cutting-edge smart technologies, including IvedaAI, Utilus Smart Pole, IvedaEMS, and Cerbero, which will enhance public safety, operational efficiency, and quality of life for all.

The global smart cities market is projected to reach $318.8 billion by 2025, highlighting the growing demand for technological innovation in urban areas. With over 20 years of industry experience and cutting-edge AI, IoT, and smart city solutions, Iveda stands as a trusted partner for cities aiming to modernize and enhance their infrastructure. Each of Iveda’s robust AI solutions operate seamlessly with cities’ pre-existing infrastructure, enabling cities to enter the next industrial revolution while minimizing costs.

Iveda Philippines is at the forefront of this movement, developing a comprehensive framework for Smart City specifications that includes the integration of AI-powered technologies, IoT systems, and advanced data analytics. This holistic approach empowers cities to improve safety, operational efficiency, and sustainability, ensuring they remain future-ready as the landscape of urban living evolves.

“This partnership serves as a testament to Iveda's role as a pioneer in the industry,” said David Ly, CEO and Founder of Iveda. “Our commitment to leveraging existing infrastructures in our cities to simplify everyday life guides us in creating these essential frameworks. We are proud to work alongside city officials in the Philippines and across the region, paving the way for the Smart Cities of the future.”

Timmy Evangelista, Chief Technology Officer of Iveda Philippines, added, “Large-scale Smart City deployments are uncharted territory now in the Philippines.” He continued, “Our approach to Smart City standards is holistic, ensuring the technology not only meets current needs but is also scalable and adaptable for future advancements. The collaboration between Iveda Philippines and local governments is creating a blueprint for Smart City success that can be replicated across the nation.”

For more information or inquiries about Iveda's Smart City solutions, contact sales@iveda.com or visit our website.

About Iveda Solutions®

Iveda (NASDAQ: IVDA) is a global provider of cloud-based AI search and surveillance technologies that protect people, places, and assets worldwide. Leveraging IoT platforms, smart sensors, and AI, Iveda empowers cities and organizations to undergo digital transformation and seamlessly transition into the fifth industrial revolution. Headquartered in Mesa, Arizona, with a subsidiary in Taiwan, Iveda is publicly traded under the ticker symbol "IVDA.”

Media Contact

Olivia Civiletto Erwin

olivia@dottedlinecomm.com

716.785.1108

Source: Iveda

FAQ

What Smart City technologies is Iveda (IVDA) offering in the Philippines?

Iveda (IVDA) is offering several Smart City technologies in the Philippines, including IvedaAI, Utilus Smart Pole, IvedaEMS, and Cerbero. These solutions aim to enhance public safety, operational efficiency, and quality of life in urban areas.

How is Iveda (IVDA) contributing to Smart City development in the Philippines?

Iveda (IVDA) is contributing to Smart City development in the Philippines by partnering with major cities to establish specifications and standards for Smart City deployments. The company is providing direction and industry benchmarks for efficient implementation of smart technologies.

What is the projected value of the global smart cities market by 2025?

According to the press release, the global smart cities market is projected to reach $318.8 billion by 2025, indicating a growing demand for technological innovation in urban areas.

How does Iveda's (IVDA) approach to Smart City solutions benefit cities?

Iveda's (IVDA) approach benefits cities by offering solutions that integrate seamlessly with existing infrastructure, minimizing costs. Their comprehensive framework includes AI-powered technologies, IoT systems, and advanced data analytics to improve safety, operational efficiency, and sustainability in urban areas.

Iveda Solutions, Inc.

NASDAQ:IVDA

IVDA Rankings

IVDA Latest News

IVDA Stock Data

3.89M
2.26M
5.89%
3.34%
2.8%
Security & Protection Services
Services-prepackaged Software
Link
United States of America
MESA