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Global Automatic Number Plate Recognition (ANPR) System Markets, 2016-2020 and 2021-2022 & 2026

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The Global Automatic Number Plate Recognition (ANPR) System Market is expected to grow at a formidable rate of around 10% during the forecast period.
The Global Automatic Number Plate Recognition (ANPR) System Market is driven by the growing need for effective traffic management and safety. The increasing incidences of thefts, crimes, road accidents, breach of traffic laws, among others are expected to fuel the market growth during the forecast period.
Furthermore, increased adoption of advanced technologies such as cloud based services, IoT, AI, among others is expected to propel the market through 2026. However, inconsistency in size, designs, font, color, style, among others can hamper the market growth over the next few years since it becomes very difficult to make an algorithm that can read all the different number plates pattern without any discrepancy.

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