Global Automatic Number Plate Recognition (ANPR) Market to Grow at a CAGR of 12.87% During the Period 2017-2021

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The Report Global Automatic Number Plate Recognition (ANPR) Market 2017-2021 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. – MarketResearchReports.biz

Albany, NY — (SBWIRE) — 05/19/2017 — 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.

Technavios analysts forecast the global automatic number plate recognition market to grow at a CAGR of 12.87% during the period 2017-2021.

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Covered in this report

The report covers the present scenario and the growth prospects of the global automatic number plate recognition market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
APAC
Europe
North America
Others

Technavio's report, Global Automatic Number Plate Recognition Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
3M
ARH
ELSAG
NDI Recognition Systems

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Other prominent vendors
Bosch Sicherheitssysteme
CA Traffic
Captec
Clearview Communications
Digital Recognition System
Genetec
JENOPTIK Traffic Solutions
NEC
Q-Free
Siemens
Tattile
Vigilant Solutions

Market driver
Real-time identification and tracking
For a full, detailed list, view our report

Market challenge
High cost of overall implementation
For a full, detailed list, view our report

Market trend
Adoption for toll management and parking management
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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