Automatic Number Plate Recognition (ANPR) Market - Benefits Derived for Better Traffic Management to Boost Installation of ANPR Systems Worldwide
Browse The Report: https://www.transparencymarketresearch.com/automatic-number-plate-recognition.html
Some of the most prominent players operating in the global automatic number plate recognition market are NDI Recognition Systems LLC, Digital Recognition Systems, Ltd., ARH, Inc., ELSAG North America LLC, Bosch Security Systems, Inc., Vaxtor Technologies, Q-Free ASA, Vigilant Solutions, Genetec, Inc., Siemens AG, and Viion Systems Inc. “Strategies adopted by these companies to maintain a dominant stance could either act as tailwinds buoying growth for the ANPR market or might create bottlenecks, nonetheless they are likely to exert considerable influence on its growth trajectory,” said a lead TMR analyst.
TMR pegged the global automatic number plate recognition market at US$2013.5 mn in 2016. Reporting an impressive 11.1% CAGR, the overall market is likely to reach US$4674.0 mn by the end of 2025. Among end users, governments segment held lead with a share of more than 70% in the global market in 2016. The rising demand for automatic number plate recognition from traffic, defense, homeland security, and other government departments has fuelled growth prospects for the government sector in the global automatic number plate recognition market. Regionally, Europe emerged dominant with a share of 35% in the global automatic number plate recognition market in 2016.
Benefits Derived for Better Traffic Management to Boost Installation of ANPR Systems Worldwide
Automatic number plate recognition has proven much of benefit in security and surveillance, traffic enforcement, parking management, and toll enforcement. For improved road safety, stringent vigil is kept by the transport department in all the aforementioned sectors. This has resulted in the high penetration of ANPR systems in traffic enforcement and security and surveillance applications around the world. In addition, the market is significantly gaining from the high demand for advanced security in the public sector. Furthermore, the rising investments by government and commercial segments will create an environment conducive to the market’s expansion in the coming years.
For instance, government of India in the process of introducing and implementing anew Road Transport and Safety Bill, which will make installing CCTV cameras at all traffic signals, setting up 5,000 centers across the country for issuing driving licenses based on computerized tests a mandatory set-up. While these regulations may seem stringent, they are likely to boost installation of ANPR systems in India. In India, a network of more than 2,000 Automatic Number Plate Recognition (ANPR) technology enabled CCTV cameras with infra-red night vision capabilities were installed at major junctions and thoroughfares in 2016.
Request a PDF Sample for this Research Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2913
Vulnerabilities With Regards to Intrusion of Privacy Pose Threat to Growth
A large number of police departments and security agencies globally use ANPR systems to enhance security in the respective regions. ANPR systems are also used in large numbers for traffic management applications. The installation of ANPR systems minimizes human intervention, thereby providing cost related benefits. However, challenges such as intrusion of privacy and non-uniformity in number plate designs are restraining the market growth. Nevertheless, in the forthcoming years the demand from commercial sector is expected to increase owing to the increasing installations in vehicle parking application, thus offering potential opportunities.
This review is based on a TMR report, titled “Automatic Number Plate Recognition (ANPR) Market (Application - Security & Surveillance, Vehicle Parking, Traffic Management, and Toll Enforcement; End User - Government and Commercial; Component - Hardware and Software) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 - 2025
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automatic Number Plate Recognition (ANPR) Market - Benefits Derived for Better Traffic Management to Boost Installation of ANPR Systems Worldwide here
News-ID: 902561 • Views: 153
More Releases from Transparency Market Research
Global Genome Engineering Market: Business Growth, Development Factors, Applicat …
TMR’s report on the global genome engineering market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2019 to 2027. The report provides revenue of the global genome engineering market for the period 2017–2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth
Sintering Process Market Growth Trends, Current Demand, and Development Report
Global Sintering Process Market: Snapshot The global sintering process market is prophesied to gain largely from the competent flourish of powder metallurgy and its applications in a range of industries. Power metallurgy-based process routes incorporating hot isostatic pressing (HIP) and exceptionally good properties are mainly employed in land-based and aero-engine gas turbine applications. Titanium powder metallurgy gathers a growing interest in the airframe industry for weight reduction in replacement steel parts
Medical Textiles Market Report Analysis: Emerging Trends, Business Growth Opport …
Global Medical Textiles Market: Snapshot The global medical textiles market is growing on the back of plethora of reasons. The government bodies of many worldwide countries have introduced diverse stringent regulations that compel the use of medical textiles. At the same time, these government organizations are offering financial support for non-implantable goods. These factors are working as key drivers for the development of the global medical textiles market. An upcoming research report
Anti-Hypertensive Drugs Market Industry Analysis Size, Share, Trend, Business Op …
Global Anti-Hypertensive Drugs Market: Overview Hypertension is a chronic medical condition in which the arterial blood pressure is elevated to an undesired level. Also referred to as arterial hypertension or high blood pressure in generic terms, the condition is measured in terms of systolic and diastolic pressure. At rest blood pressure level is in the range of 120-140 mm Hg systolic and 60-90mm Hg diastolic. Hypertension arises when it is persistently
More Releases for ANPR
ANPR System Market worth $3.8 billion by 2025
The report "ANPR System Market with COVID-19 Impact Analysis by Type (Fixed, Mobile, Portable), Application (Traffic Management, Law Enforcement, Electronic Toll Collection, Parking Management, Access Control), Component, and Geography - Global Forecast to 2025", is expected to grow from USD 2.3 billion in 2020 to USD 3.8 billion by 2025, at a CAGR of 10.0%. The market growth can be attributed to several factors, such as the deployment of ANPR
Global ANPR Camera Market 2018 - 3M, Genetec, ARH, Siemens, Tattile
Apex Market Research, recently published a detailed market research study focused on the "ANPR Camera Market" across the global, regional and country level. The report provides 360° analysis of "ANPR Camera Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global ANPR Camera industry, and estimates the future trend of ANPR Camera market
Metrici launches new version of ANPR software
Metrici team just launched the version 5.1 of its automatic number plate detection software. Some new features were introduced in this development, which highlights even more Metrici’s dedication to its clients. The last 6 month were dedicated to this new development which brings improved things to every level of the program. The user will notice small changes in the Metrici web interface, but also some of the most important modifications took
Anpr Camera Industry Market 2021 Share, Growth and Regional Forecast
ReportsWeb.com has announced the addition of the “Global Anpr Camera Industry Market Research Report 2017-2021” The report focuses on Global major leading industry players with information such as company profiles, product picture and specification. 2017 Market Research Report on Anpr Camera Industry was a professional and depth research report on Anpr Camera Industry that you would know the world's major regional market conditions of Anpr Camera Industry, the main region
Global ANPR Camera Industry Report Analysis and Forecasts 2017
Report provides an in-depth insight of Global ANPR Camera Industry covering all important parameters including development trends, challenges, opportunities, key manufacturers and competitive analysis. This report studies ANPR Camera in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This report focuses on top manufacturers in global market, with production,
Global Automatic Number Plate Recognition (ANPR) Market 2017-2021
About Automatic Number Plate Recognition Automated number plate recognition (ANPR) system is an OCR system, which is implemented using cameras and software to analyze the captured pictures. ANPR can either be installed on fixed polls or on cars for mobile surveillance. ANPR is widely being adopted by government sector for law enforcement, toll management, and traffic management. It is being deployed in commercial spaces for parking management. Request Sample At: https://www.researchbeam.com/global-automatic-number-plate-recognition-anpr-2017-2021-market Research Beam