MESA, Ariz., September 17, 2024--(BUSINESS WIRE)--Iveda (NASDAQ: IVDA), the global leader in cloud-based AI, is seeing growing interest from major retail chains in the United States, Korea, Macao, Hong Kong, and Japan for its IvedaAI Cloud subscription services. With average retail shrink nearing 2% in the U.S., according to the National Retail Federation (NRF), retailers face increasing security challenges amid the battle against rising theft. IvedaAI Cloud offers a cost-effective, AI-driven solution that integrates seamlessly with existing security cameras that could help save the industry nearly $112.1 Billion in potential losses.

"IvedaAI Cloud was developed with small businesses, retail shop owners, and restaurant chains in mind," said David Ly, Iveda CEO and founder. "It is ideal for deployment on up to four cameras, offering powerful analytics and security features without the hefty hardware costs. By providing only the essential tools that businesses need––streamed through the cloud for one low monthly fee–– IvedaAI Cloud is accessible for businesses that want to improve their security measures without investing in IT and servers."

IvedaAI Cloud transforms shop owners’ existing IP cameras into powerful AI-driven tools that can detect objects, faces, vehicles, and license plates in real time. This technology allows retailers to monitor access control, detect intrusions, and receive instant alerts regarding suspicious activity directly to their phone, all of which help reduce theft and maintain a safer environment for both customers and staff. IvedaAI Cloud also offers the world’s fastest video search, enabling users to search up to 14 days of metadata using simple, Google-like queries (I.e. "man wearing red") without manually scanning hours of footage.

Recent reports show retailers like TJX (parent company of TJ Maxx, Homegoods, and Marshalls) are increasingly investing in body-worn cameras to deter theft and improve safety. In response to this trend, Iveda is enhancing its line of body cameras with AI-powered capabilities, set to launch later this year. This solution pairs brilliantly with IvedaAI Cloud.

With interest from global retailers continuing to grow, IvedaAI Cloud is proving to be the go-to solution for those looking to boost security, protect their bottom line, and stay ahead of evolving industry needs. For more information on how IvedaAI Cloud can transform your business’s security, visit https://iveda.com/cloudsubscription/.

About Iveda Solutions®

Iveda (NASDAQ: IVDA) provides global solutions for cloud-based video AI search and surveillance technologies that protect the people, places, and things that matter most. Iveda’s technology delivers instant intelligence to existing infrastructure, enabling cities and organizations worldwide to seamlessly enter the fifth industrial revolution. Headquartered in Mesa, Arizona, with a subsidiary in Taiwan, Iveda is publicly traded under the ticker symbol "IVDA."

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