Iveda’s Smart Utility DX Solution is part of the growing smart cities market. Smart Cities Association predicts the market to grow to $3.5 trillion by 2026. According to the report, smart cities market is expected to grow, owing to the increasing demand for public safety, rising urban population, and growing government initiatives. Through Iveda’s channel partner, a builder in Texas is working on a proof-of-concept deployment with an international organization of nations.įor end user application, the Cabinet is ideal for homeowners, property managers, landlords and private home renters on AirBnB or VRBO to remotely manage and monitor utility consumption of their properties.Īccording to MarketsandMarkets, the global smart cities market size is expected to grow from USD 410.8 billion in 2020 to USD 820.7 billion by 2025. Home builders, construction companies, electrical/engineering contractors and systems integrators are Iveda’s target market for the Smart Utility Cabinet. It utilizes IoT sensors to detect abnormalities in consumption, temperature and tampering. The Smart Utility Cabinet provides a new and better experience by giving end users a convenient tool to monitor their daily energy consumption for energy cost savings and to pinpoint electrical leaks to prevent power line overload and potential fire. The Smart Utility Cabinet is similar to DEMARC for traditional telephone’s Remote Terminal or broadband’s Integrated Device (IAD) or power panels for electricity. AI Backend: Management and control of utility features can be accessed via the Smart Utility Cabinet’s communication gateways through a local network or cloud service for energy management, security, and automated response to certain alerts and triggers.Also, failure alerts can be sent in either direction on the network (end user and service provider) Fault Propagation: Link failures can be detected and traffic can be rerouted accordingly.Protection and Security: Layers of protection can be added to the network at the demarcation point through various security protocols with remote push updates as necessary.It provides advanced functionality at the demarcation point and allows both the end user and the service provider to benefit from a number of ways including: Municipal and government entities may be the new breed of service providers to provide a unique digital experience in public safety, human health services, transportation efficiency and green environment. Iveda Smart Utility DX Solution enables the next generation utility operator beyond traditional utility service providers. Iveda’s Smart Utility Cabinet is designed not just as a communication DEMARC, but also for other utilities such as power, gas and water leveraging IoT sensors that communicate with the Cabinet’s edge computing gateway. If there is an issue, it is very difficult for the end user to troubleshoot on their own or call for service or repairs. Typically, the service providers’ responsibility ends at the demarcation point. “Our technology roadmap will expand to complete our DX offering.” “Iveda’s Smart Utility Cabinet is an important addition to our growing line of DX Smart Utility solutions for smart building and smart city deployments,” said David Ly, CEO of Iveda. Smart water meter and gas meter may be added to the Cabinet. It includes a smart edge computing gateway with multi-RF communication protocols such as 4G, Z-Wave and WiFi and tampering sensor for unauthorized access. The Smart Utility Cabinet has an internal environment control design, housed in a durable industrial-grade cabinet. However, with global transition and evolution of Smart Grid, communications, and AI, the Next Generation of Utility (NGU) has expanded the definition to Smart City Utility that includes safety, digital experience and new values of the NGU. Traditional “Utility” mainly represents power, gas and water. Specifically, the Smart Utility Cabinet is part of Iveda’s smart utility solution, a key element in smart utility management for preventing potential safety and security issues where we live and work. This specialized DEMARC equipment is another new product for Iveda’s digital transformation (DX) solution. MESA, Ariz., Ap(GLOBE NEWSWIRE) - Iveda ® (OTCMKTS:IVDA), worldwide provider of IvedaAI ™ intelligent video search technology, Sentir ® Video surveillance products, IvedaPinpoint ™ and IvedaHome ™ IoT (Internet of Things) platforms with smart devices, today announced the launch of its Smart Utility Cabinet, a next generation demarcation point (DEMARC) for the future of Utilities worldwide.
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