Automatic Number Plate Recognition Market (ANPR) :Technology and In-Depth Analysis Growth Report 2017-2025
ReportsWeb.com added “Automatic Number Plate Recognition Market - Global Trends, 2017 Analysis and 2025 Forecasts” report to its research database. This Report is spread across 150 Pages and Supported by 10 Company Leaders.
(EMAILWIRE.COM, November 02, 2017 ) ANPR technology is a better version of earlier used surveillance systems. Earlier versions only had CCTV cameras, which were sometimes proved inadequate in reaching the verdict. ANPR technology proved to be a better solution for making it easy for the surveillance system to reach to the verdict. ANPR technology consist of a hardware and a software where hardware is generally a camera for taking the images of the number plates of bypassing vehicles, and the software is used to convert the image into alphanumeric characters to save it in the database for further analysis. With the rise in the economy of the countries and the growing urbanization, the disposal income of the population is also increasing which is one of the reasons of growing lifestyle of people and increase in the number of cars being operated worldwide. Issues like crimes, terrorist activities or any type of illegal activity are also increasing day-by-day. Earlier surveillance systems didn't prove to be successful many times and needed a new technology to be integrated for a better system. ANPR technology provides better solution and is being implemented at various locations such as highways, toll booths, parking for a better security and management. With the rising security concerns and road safety, many of the government agencies and private companies are implementing this technology and this will continue to boost the market for ANPR in the coming years.
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The global ANPR market is estimated to grow at a CAGR of 12.0% during the forecast period 2017-2025 and accounts for US$ 1654.4 Mn in the year 2025. One of the prime factors that are driving the demands for ANPR system adoptions is rising concern regarding security & surveillance and traffic management. Rising number of cars due to urbanization leads to traffic congestion and unmanaged parking which demands for a better traffic and parking management. ANPR technology is used to provide better surveillance system, monitor illegal activities and proper management of parking. This technology is also used for the automation of the toll booths in various countries to reduce the time for the tolling and avoid traffic congestion.
Global Automatic Number Plate Recognition (ANPR) Market Revenue and Forecasts to 2025 – Geographical Analysis
North America
Europe
Asia pacific (APAC)
Middle East and Africa (MEA)
South America (SAM)
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The global ANPR market is estimated to grow at a CAGR of 12.0% during the forecast period 2017-2025 and accounts for US$ 1654.4 Mn in the year 2025. One of the prime factors that are driving the demands for ANPR system adoptions is rising concern regarding security & surveillance and traffic management. Rising number of cars due to urbanization leads to traffic congestion and unmanaged parking which demands for a better traffic and parking management. ANPR technology is used to provide better surveillance system, monitor illegal activities and proper management of parking. This technology is also used for the automation of the toll booths in various countries to reduce the time for the tolling and avoid traffic congestion.
Global Automatic Number Plate Recognition (ANPR) Market Revenue and Forecasts to 2025 – Geographical Analysis
North America
Europe
Asia pacific (APAC)
Middle East and Africa (MEA)
South America (SAM)
Complete Report is Available at http://www.reportsweb.com/automatic-number-plate-recognition-anpr-market-to-2025
About ReportsWeb:
ReportsWeb is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.
Contact Us:
Phone: +1-646-491-9876
Email Id: sales@reportsweb.com
Contact Information:
ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
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ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results