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(IT-NEWSWIRE.COM, April 12, 2018 ) Automatic Number Plate Recognition (ANPR) Market is expected to grow US$ 1654.4 million by 2025 from US$ 643.1 million in 2016.
The sales of ANPR is largely influenced by numerous factors. Amongst the factors, application markets influence their sales. Vehicle Parking, Traffic Management, Security & Surveillance and Toll Enforcement are the applications for ANPR. These applications are expected to have a large impact on the growth of Automatic Number Plate Recognition (ANPR) Market.
Potentially, security & surveillance and traffic management present larger opportunities as compared to other applications due to increasing traffic and increasing crime related activities. Law enforcement agencies need a better technology for better traffic management and detecting the verdict in the cases of crimes. Thus, these two sectors present bundle of opportunities for the ANPR vendor’s growth.
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Automatic Number Plate Recognition (ANPR) Market by end-user vertical is segmented into Government and Commercial. Government agencies and private companies have been looking for a better solution for providing better surveillance & security and management and reduce human effort for the same.
The overall Automatic Number Plate Recognition (ANPR) Market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the Automatic Number Plate Recognition (ANPR) Market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis.
Some of the leading players in Automatic Number Plate Recognition (ANPR) Market:
1. 3m Company
2. ARH, Inc.
3. COBAN Technologies, Inc.
4. Digital Recognition Systems, Ltd.
5. Genetec, Inc. . . etc
Segmentations Covered in the Automatic Number Plate Recognition (ANPR) Market:
Overview: Global Automatic Number Plate Recognition (ANPR) Market – By Application, By System Types, By End-user, By Geography
Geographical Analysis: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), South America (SAM)
Reason to buy:
Highlights key business priorities in order to assist companies to realign their business strategies.
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global ANPR market
- Highlights key business priorities to assist companies to realign their business strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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About The Insight Partners:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.
Contact Us:
Email: sales@theinsightpartners.com
Organization: The Insight Partners
The Insight Partners
Sameer Joshi
+91 9666111581
sam@theinsightpartners.com
Source: EmailWire.Com 
Source: EmailWire.com
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