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Worst May be Over for Automatic Number Plate Recognition (ANPR) System Market; How Industry Players Will Regain 9.24% Growth Cycle Again
Automatic Number Plate Recognition (ANPR) System Market Latest Edition Published with Forecast to 2028- May 5, 2023
- Automobiles
AMA Research, a global market research and consulting organization, have released a new study titled "Automatic Number Plate Recognition (ANPR) System market - Global outlook to 2028".
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Automatic Number Plate Recognition (ANPR) System market to grow at a CAGR of 9.24%.
The, such as , is boosting the Automatic Number Plate Recognition (ANPR) System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Automatic Number Plate Recognition (ANPR) System market will experience significant growth during the forecast period due to potential opportunities lying in the market such as. Some of the important driving forces are “Deployment of ANPR System for Security Surveillance and Traffic Enforcement, Rapid Infrastructure in Emerging Economies, Demand from End-user such as traffic management, parking management, and toll collection and Increase in the Number of Vehicles due to Breach in Traffic Laws”.
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ANPR system is a surveillance method that uses technology that is used to read vehicle registration plates through the optical character recognition on images. The system uses the existing closed-circuit television, road-rule enforcement cameras, or cameras specifically designed for the task. It comprises of hardware such as camera frame gabber and other related equipment as well as software modules. ANPR system is also used in the places where electronic toll collection and pay-per-use roads are executed. It is mainly used by police forces all over the world for law enforcement purposes, where it performs the task to check if a vehicle is registered or licensed. Further, the rising adoption of ANPR hardware and software components in traffic management, toll enforcement, and security and surveillance segments is driving the ANPR system market.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Automatic Number Plate Recognition (ANPR) System market by Type (Fixed ANPR System, Mobile ANPR System and Portable ANPR System), by Application (Traffic Management, Law Enforcement, Electronic Toll Collection and Parking Management) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Automatic Number Plate Recognition (ANPR) System market to grow at a CAGR of 9.24%.
The
According to Analyst at AMA Research, the Global Automatic Number Plate Recognition (ANPR) System market will experience significant growth during the forecast period due to potential opportunities lying in the market such as
??
ANPR system is a surveillance method that uses technology that is used to read vehicle registration plates through the optical character recognition on images. The system uses the existing closed-circuit television, road-rule enforcement cameras, or cameras specifically designed for the task. It comprises of hardware such as camera frame gabber and other related equipment as well as software modules. ANPR system is also used in the places where electronic toll collection and pay-per-use roads are executed. It is mainly used by police forces all over the world for law enforcement purposes, where it performs the task to check if a vehicle is registered or licensed. Further, the rising adoption of ANPR hardware and software components in traffic management, toll enforcement, and security and surveillance segments is driving the ANPR system market.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Automatic Number Plate Recognition (ANPR) System market by Type (Fixed ANPR System, Mobile ANPR System and Portable ANPR System), by Application (Traffic Management, Law Enforcement, Electronic Toll Collection and Parking Management) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market
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