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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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Anpr (Automatic Number Plate Recognition) Cameras Market | Company Challenges And Essential Success Factors |Siemens, MAV Systems, 3M, ARH, Genetec, etc – KSU

Anpr (Automatic Number Plate Recognition) Cameras Market | Company Challenges And Essential Success Factors |Siemens, MAV Systems, 3M, ARH, Genetec, etc – KSU
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Global ANPR System (Fixed, Mobile, Portable) Markets, 2020-2025 - Key Players are Kapsch TrafficCom, Conduent, Q-Free ASA, Siemens, Genetec

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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 hurdles for the market.
The recent COVID-19 pandemic is expected to impact the global ANPR system market. Due to COVID-19, the manufacturing units of major players are highly hampered due to worldwide lockdown and limited availability of labor and raw material. This has resulted in a delay in ongoing transport projects to a greater extent. Some experts argue that the governments ....

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Clearview Urges Directors to Plan for Their 2021 Crisis; Budgeting Now for Crisis Response Plan Could Save Millions

Clearview Urges Directors to Plan for Their 2021 Crisis; Budgeting Now for Crisis Response Plan Could Save Millions
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