Automatic Number Plate Recognition Market to Cross USD 1.65 Bn by 2025, Expects The Insight Partners in Its Report Available at MarketPublishers.com31 Aug 2017 • by Natalie Aster
LONDON – Automatic number plate recognition (ANPR) technology is a better version of earlier used surveillance systems. Backed by improving economic conditions across the globe, robust urbanisation, increasing disposable incomes and changing lifestyles along with rising number of cars worldwide, the demand for ANPR is gaining momentum.
Today, ANPR technology is implemented at different locations like toll booths, highways, parking, etc. for a better security and management. With the enhancing security concerns and increasing awareness of road safety, the demand for ANPR technology from many governmental organisations and private agencies is poised to increase in the short run.
The world’s ANPR market is forecast to grow at a high CAGR of appr. 12% over 2017-2025 to cross USD 1.65 billion.
Some of the prominent companies active in the ANPR field include 3M Company, COBAN Technologies, ARH, Digital Recognition Systems, Jenoptik AG, Genetec, Q-Free ASA, Siemens, Tattile and Vigilant Solutions.
New topical research publication “Automatic Number Plate Recognition Market to 2025 – Global Analysis and Forecasts by Application, System Type and End-user industry” elaborated by The Insight Partners offers a close look at the global market landscape as well as investigates the scenario across the key geographical markets. It traces light on the market dynamics, scrutinises the key forces responsible for the market growth, touches upon the prevailing factors and emerging opportunities, covers the major growth challenges and barriers. This topical report delves into competitive environment, reviews established market players, provides valuable recommendations for both new and established market players and uncovers all-round market future forecasts through 2025.
For a full list of topical research studies by this publisher visit The Insight Partners catalogue at MarketPublishers.com.