Iveda’s Joint Venture in the Philippines Targets Municipalities for Smart City Technology
Iveda estimates revenues will range from $1 million to $3 million per Smart City deployment, with recurring revenue for annual fees for software maintenance and upgrades.
- Iveda estimates revenues will range from $1 million to $3 million per Smart City deployment, with recurring revenue for annual fees for software maintenance and upgrades.
- Iveda CEO David Ly and local Iveda Philippines executives have presented to city leaders interested in Iveda Smart City technology, from North to South including the cities of Manila, Paranaque, Mandaluyong, Cebu, Mandaue and Davao.
- The Philippine Long Distance Telecommunications Company (PLDT) was Ivedas first customer in the Philippines with IvedaXpress plug-and-play video surveillance system.
- According to MarketsAndMarkets, the current Smart City global market will reach $873.7 billion in 2026, up from $457 billion in 2021.