
Iveda, a global leader in cloud-based AI, is experiencing increased demand from major retail chains in the U.S., Korea, Macao, Hong Kong, and Japan for its IvedaAI Cloud subscription services. With retail shrinkage in the U.S. nearing 2%, according to the National Retail Federation (NRF), retailers are facing heightened security challenges due to rising theft. IvedaAI Cloud provides a cost-effective, AI-powered solution that integrates seamlessly with existing security camera systems, potentially saving the retail industry an estimated $112.1 billion in losses.
“IvedaAI Cloud was designed with small businesses, retail shop owners, and restaurant chains in mind,” said David Ly, CEO and founder of Iveda. “It is perfect for use with up to four cameras, offering advanced analytics and security features without the high cost of additional hardware. By delivering only the necessary tools through the cloud for a low monthly fee, IvedaAI Cloud is an accessible option for businesses looking to enhance security without significant IT investments.”
IvedaAI Cloud transforms existing IP cameras into AI-driven tools capable of detecting objects, faces, vehicles, and license plates in real-time. This technology enables retailers to monitor access control, detect intrusions, and receive instant alerts on suspicious activity directly to their phones, helping reduce theft and ensure a safer environment for both customers and staff. The service also offers the world’s fastest video search, allowing users to quickly search up to 14 days of footage metadata using simple queries, like “man wearing red,” without the need to manually scan hours of video.
As retailers such as TJX (parent company of TJ Maxx, HomeGoods, and Marshalls) increasingly invest in body-worn cameras to deter theft, Iveda is expanding its product line with AI-powered body cameras, set to launch later this year. These cameras will work seamlessly with IvedaAI Cloud to further enhance security.
With growing interest from retailers worldwide, IvedaAI Cloud is becoming the preferred solution for businesses aiming to strengthen security, protect their revenue, and stay ahead of industry challenges. To learn more about how IvedaAI Cloud can improve your business’s security, visit iveda.com/cloudsubscription.
About Iveda Solutions®
Iveda (NASDAQ: IVDA) provides global solutions for cloud-based video AI search and surveillance technologies, safeguarding people, places, and assets. Iveda’s technology integrates with 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.”