Iveda Solutions awarded $1.7M contract expansion with Taiwan government agency

Iveda announces a newly signed contract with a government agency in Taiwan worth approximately $1.7M gross revenues. Through this contract, Iveda will provide networking equipment and interprocess communication computers to 45 new locations nationwide, assisting the agency in designing and installing a state-of-the-art video command, communication, and control system. All additional locations are anticipated to be completed by year end and will be overseen and managed by Iveda Taiwan. This project deployment has the potential for an additional 194 locations to be put under contract in the future, as there are a total of 300 locations countrywide. Iveda is unable to disclose the agency identity due to the sensitivity of the project confidentiality. According to Markets and Markets, the global video surveillance market is estimated to reach $76.4B by 2027 — and Iveda is well positioned to follow alongside this upward trajectory.