SINGAPORE – 3 May 2023 — NetGain Systems is excited to be part of the smart city development globally with our strategic partnership with Iveda® (NASDAQ: IVDA), a global leader in cloud-based AI video and sensor technologies. With NetGain’s AI-driven observability capabilities integrated into Iveda’s Cerebro Smart IoT Platform, cities worldwide will have unmatched control and management of their network infrastructure. Our collaboration will expand the reach of Iveda’s AI and IoT products and services into Asean and Australia markets.
“I am thrilled by this strategic partnership with Iveda, and the opportunity to expand NetGain’s AI-driven observability capabilities into the world of IoT and smart cities,” said James Chia, CEO of NetGain Systems. “I look forward to leveraging our combined strengths to provide our customers with reliability, efficiency, and security for their smart city deployments.”
With the adoption of IoT technologies on the rise in cities and communities, visibility has become a critical factor for their success. This new partnership with Iveda® comes at a critical time, with the global smart city market expected to surpass $1024.4 billion by 2027*. The integration of our AI-driven observability capabilities will enable Iveda to provide unparalleled Observability-as-a-Service, resulting in improved reliability, efficiency, and security of network infrastructure, leading to a better quality of life for citizens overall..
“As cities around the world become more complex, the need for innovative IoT solutions has never been greater –– nor has the need for real-time insight into the goings-on of these networks,” said David Ly, Iveda CEO and founder. “Through this partnership with NetGain Systems, Iveda can further support a wide range of network environments, from small businesses to large enterprises and metropolitan areas worldwide. We’re eager to partner with NetGain and offer our unique combination of smart city capabilities on a global scale.”
*cited by Markets and Markets