Iveda Launches IvedaAI Cloud Subscription; Industry-first Service Makes AI Video Available to All

Iveda (NASDAQ:IVDA), the global solution for cloud-based AI, today launched IvedaAI Cloud Subscription, a service that effectively makes cutting-edge AI video services available for use cases from the consumer to professional level. A powerful solution accessible to anyone with an IP camera, the IvedaAI Cloud Subscription has the ability to transform pre-existing cameras into smart cameras – all without the need for a large server or dedicated IT department. With the launch of IvedaAI Cloud Subscription, everyone from business owners to homeowners can have access to AI-powered video search and surveillance capabilities, providing the tools needed to protect the people and places that matter most.

“A first-of-its-kind service, IvedaAI Cloud Subscription allows everyone – from the single family home, to the coffee shop down the street, to the jewelry store in the city – to leverage incredibly powerful AI for enhanced security,” said David Ly, CEO and founder of Iveda. “If you look around your city, town, or neighborhood, you’ll see cameras everywhere. But without a human behind the camera, its purpose is near meaningless. With IvedaAI Cloud Subscription, anyone with an IP camera can now experience the safety and security advantage of AI, without breaking the bank.”

According to Grand View Research, the global IP camera market is gaining speed as the rising demand for security surveillance is growing in popularity due to the increasing number of home burglaries and squatting; residential security has become the top priority of homeowners. While the IP camera market has seen long-term static growth, the addition of AI to cameras is expected to grow rapidly in tandem, to $55.22 billion by 2030, according to Research and Markets. With its new groundbreaking subscription service, Iveda is primed to be a major player in the growth of the AI video category on a global scale.

Ideal for deployments of one to four cameras, IvedaAI Cloud Subscription service uses Iveda’s Xpress Gateway to swiftly locate IP cameras and apply AI analytics for use cases, including intrusion detection, facial recognition, license plate and vehicle recognition, and more. Customizable to meet users’ specific needs, the IvedaAI platform orchestrates multiple 6th generation AI video analytics engines to provide higher accuracy and lower total costs across the industry’s broadest array of video analytics. The easy-to-use and intuitive search engine-like process provides major time savings – what once took hours of reviewing video can now be achieved in seconds.