GlobeNewswire Inc | Mar 2, 2021 07:00AM EST

March 02, 2021

MESA, Ariz., March 02, 2021 (GLOBE NEWSWIRE) -- Iveda(OTCMKTS:IVDA), worldwide provider ofIvedaAI intelligent video search technology, IoT (Internet of Things) platform with smart devices and theSentircloud-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.

MarketsandMarketsforecasts 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 20202025. 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 managements 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.

Ivedas 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). Ivedas 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 Ivedas 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 Ivedas 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. Ivedautilizes 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, Ivedais publicly traded under the ticker symbol IVDA. For more information call (480) 307-8700 or visitwww.iveda.com.To follow Ivedaon 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:IvedaLuz A. BergChief Marketing Officer & GM480 307-8700lberg@iveda.com