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/PRNewswire/ -- The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around...
Share this article Share this article ResearchAndMarkets.com's offering. 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 c...
Share this article Share this article ResearchAndMarkets.com's offering. The ANPR system market 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 deployment of ANPR systems in security and surveillance, and traffic enforcement applications, infrastructure growth in emerging economies, increasing allocation of funds by various governments for ITS, and so on. However, inconsistency in number plate designs and misinterpretation of ambiguous characters on number plates are creating hurdle...