US$ 1,654.35 Million, Automatic Number Plate Recognition (ANPR) Market is Emerging with 12.0% of CAGR by 2025 – 3M Company, ARH, Digital Recognition

The Global Automatic Number Plate Recognition (ANPR) Market size is projected to reach US$ 1,654.35 Mn by 2025 from US$ 669.17 Mn in 2017, at a CAGR of 12.0% during the forecast period.
The Automatic Number Plate Recognition (ANPR) Market Research Report helps out market players to improve their business plans and ensure long-term success. The extensive research study provides in-depth information on Global Innovations, New Business Techniques, SWOT Analysis with Key Players, Capital Investment, Technology Innovation, and Future Trends Outlook.

Automatic Number Plate Recognition (ANPR) system is a useful approach for vehicle surveillance, which is used in intelligent transportation system. ANPR uses an advanced machine vision technology to recognize vehicles by their number plates without intervention of human. The adoption ANPR technology continues to gain momentum in the market. ANPR technology tends to be region-specific, owing to variation in number plate from one place to other.

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The market research study covers historical data of previous years along with a forecast of upcoming years based on revenue (USD million). The Automatic Number Plate Recognition (ANPR) Market reports also cover market dynamics, market overview, segmentation, market drivers, and restraints together with the impact they have on the Automatic Number Plate Recognition (ANPR) demand over the forecast period. Moreover, the report also delivers the study of opportunities available in the Automatic Number Plate Recognition (ANPR) market globally. The Automatic Number Plate Recognition (ANPR) market report study and forecasts is based on a worldwide and regional level.

Competitive Landscape: Automatic Number Plate Recognition (ANPR) Market: 3m Company, ARH, Inc., COBAN Technologies, Inc., Digital Recognition Systems, Ltd., Genetec, Inc., Jenoptik AG, Q-Free ASA, Siemens AG, Tattile S.R.L, nd Vigilant Solutions.

The global market for automatic number plate recognition has been segmented on the basis of application into four major segment including vehicle parking, traffic management, security & surveillance and toll enforcement. Each application area of automatic number plate recognition uses different system type and is designed to fulfil varied end-users demand. Key end-user verticals of this market are, commercial areas and Government. Government sector is the largest end-user segment with development of intelligent transportation system and smart parking in the area of traffic management, highway toll collection, borders and custom security, premises where high security is required. Commercial segment will have highest growth rate the forecast period.

Market Segments and Sub-segments Covered in the Report are as per below:

Based on System Type Automatic Number Plate Recognition (ANPR) market is segmented into: Mobile, Portable ANPR, Fixed ANPR.

Based on End-Use Industry Automatic Number Plate Recognition (ANPR) market is segmented into: Government and Commercial

Based on Application Automatic Number Plate Recognition (ANPR) market is segmented into: Vehicle Parking, Traffic Management, Security & Surveillance and Toll Enforcement.

The report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the Automatic Number Plate Recognition (ANPR) industry. Growth of the overall Automatic Number Plate Recognition (ANPR) market has also been forecasted for the period 2019-2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

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