Automatic Number Plate Recognition (ANPR) System Market is Expected to Get more than US$ 3.50 Billion By 2023

The global ANPR system market is segmented on the lines of its technology, treatment, application and regional. Based on technology segmentation it covers (Fixed, Portable, Mobile); and based on end user/application it covers (Law Enforcement, Traffic Management, Electronic Toll Collection, Parking Management and other application). The global ANPR system marketon geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

The Global ANPR system market is expected to exceed more than US$ 3.57 Billion by 2023 at a CAGR of 9.74% in the given forecast period.

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The major driving factors of global ANPR system market are as follows:
• Growth in high technological security
• Allocation of funds from governments for intelligent transport system (ITS)
• Large number of players engaged in the production of an integrated ANPR system
• Demand from end users such as traffic management, parking management, toll collection

The restraining factors of ¬ global ANPR system market are as follows:
• Major restraint of ANPR is non-uniformity of number plate with respect to their text pattern, design, and font size
• Developers are incapable to overcome this issue at the time of development of ANPR systems

This report provides:

1) An overview of the global market for ANPR system and related technologies.
2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2023.
3) Identifications of new market opportunities and targeted promotional plans for global ANPR system market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.

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The scope of the report includes a detailed study of global and regional markets on ANPR Market with the reasons given for variations in the growth of the industry in certain regions.

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1 INTRODUCTION
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 ANPR System Market, By Type
7 ANPR System Market, By Component
8 ANPR System Market, By Application
9 ANPR System Market, By Geography
10 Competitive Landscape
11 Company Profiles
11.1 Introduction
11.2 KAPSCH TrafficCom AG
11.3 Conduent, Inc.
11.4 Q-Free ASA
11.5 Siemens AG
11.6 Genetec Inc.
11.7 ARH Inc.
11.8 Neology, Inc.
11.9 Elsag North America, LLC
11.10 Vigilant Solutions, Inc.
11.11 Bosch Security Systems, Inc.
11.12 Tattile SRL
11.13 Digital Recognition Systems Ltd.
11.14 NDI Recognition Systems

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This release was published on openPR.