Automatic License Plate Recognition (ALPR) Market 2019-2024: Why It Is Important? and key players - Neology, Siemens, Elsag, Kapsch TrafficCom and More

Growing Awareness about of Automatic License Plate Recognition (ALPR) Industry

Automatic number-plate recognition (ANPR; see also other names below) is a technology that uses optical character recognition on images to read vehicle registration plates to create vehicle location data. It can use existing closed-circuit television, road-rule enforcement cameras, or cameras specifically designed for the task. ANPR is used by police forces around the world for law enforcement purposes, including to check if a vehicle is registered or licensed. It is also used for electronic toll collection on pay-per-use roads and as a method of cataloguing the movements of traffic, for example by highways agencies.

The worldwide market for Automatic License Plate Recognition (ALPR) is expected to grow at a CAGR of roughly 12.0% over the next five years, will reach 1270 million US$ in 2024, from 640 million US$ in 2019.

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With this Automatic License Plate Recognition (ALPR) market report, all the participants and the vendors will be in aware of the growth factors, shortcomings, threats, and the lucrative opportunities that the market will offer in the near future. The report also features the revenue; industry size, share, production volume, and consumption in order to gain insights about the politics and tussle of gaining control of a huge chunk of the market share.

Of the major players of the Automatic License Plate Recognition (ALPR) market, Neology maintained its first place in the ranking in 2017. Neology accounted for 6.95% of the Global Automatic License Plate Recognition (ALPR) market share in 2017. Other players accounted for 6.26%, 5.70% including Siemens and Elsag.

Top Key Players in the Automatic License Plate Recognition (ALPR) Market: Neology, Siemens, Elsag, Kapsch TrafficCom, ARH, Genetec, Bosch Security Systems, NDI Recognition Systems, Tattile, Arvoo Imaging Products, Shenzhen AnShiBao, Petards Group, Digital Recognition Systems, CA Traffic, Clearview Communications, GeoVision, NEXCOM, HTS, TagMaster, ParkingEye Limited, AlertSystems, MAV Systems.

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The Automatic License Plate Recognition (ALPR) Industry is intensely competitive and fragmented because of the presence of several established players participating in various marketing strategies to expand their market share. The vendors available in the market compete centered on price, quality, brand, product differentiation, and product portfolio. The vendors are increasingly emphasizing product customization through customer interaction.

Global Automatic License Plate Recognition (ALPR) Market is Segmented into Products, Application and End User

Major Types of Automatic License Plate Recognition (ALPR) covered are:
, Cameras, Hardware, Software& Services.

Major end-user applications for Automatic License Plate Recognition (ALPR) market:
, Traffic Management& Law Enforcement, Electronic Toll Collection, Car Park Management.

Market Segment by Regions, regional analysis covers:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Research objectives
A) To study and analyze the global Automatic License Plate Recognition (ALPR) market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
B) To understand the structure of Automatic License Plate Recognition (ALPR) market by identifying its various sub-segments.
C) Focuses on the key global Automatic License Plate Recognition (ALPR) Market players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
D) To analyze the Automatic License Plate Recognition (ALPR) Market with respect to individual growth trends, future prospects, and their contribution to the total market.
E) To share detailed information about the key factors influencing the growth of the Automatic License Plate Recognition (ALPR) market (growth potential, opportunities, drivers, industry-specific challenges and risks).
F) To project the size of Automatic License Plate Recognition (ALPR) sub-markets, with respect to key regions (along with their respective key countries).
G) To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
H) To strategically profile the key players and comprehensively analyze their growth strategies.

Key Reasons to Purchase

A)To gain insightful analyses of the market and have comprehensive understanding of the global Automatic License Plate Recognition (ALPR) market and its commercial landscape.
B)Assess the production processes, major issues, and solutions to mitigate the development risk.
C)To understand the most affecting driving and restraining forces in the market and its impact in the global Automatic License Plate Recognition (ALPR) market.
D)Learn about the market strategies that are being adopted by leading respective organizations.
E)To understand the future outlook and prospects for the Automatic License Plate Recognition (ALPR) market.
F)Besides the standard structure reports, we also provide custom research according to specific requirements.

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In the end, the global Automatic License Plate Recognition (ALPR) Market provides an overall research conclusion and market feasibility of investing in a new project is evaluated. Global Complete Automatic License Plate Recognition (ALPR) Market is a beneficial and trustworthy source of guidance and mode for individuals and companies concerned with the sales of the market.

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