A recent market intelligence report that is published by Data Insights Partner on the global Automatic Number Plate Recognition Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Automatic Number Plate Recognition Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Automatic Number Plate Recognition Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Automatic Number Plate Recognition Market is offered. In accordance with the report, the global Automatic Number Plate Recognition Market is projected to expand at a CAGR of 9.53% over the period of forecast.
Market Insight, Drivers, Restraints& Opportunity of the Market:
An Automatic Number Plate Recognition (ANPR) system reads the number plate of passing vehicles extracts the characters on the plate and converts them into digital format, which can be used for a wide variety of applications. Data collected through ANPR systems can be compared with the vehicle and people database available with the law enforcement agencies such as the Driver and Vehicle Licensing Agency and Police National Road Agency. ANPR systems consist of very high-speed camera with the Infrared filters, processors which are capable of performing the optical character recognition , application software, user interface, & an alert capability for the purpose of notifying the operators in case of a match.
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Europe represented the largest geographical market for automatic number plate recognition, followed by North America, which is expected to experience fastest growth over the forecast period from 2019 to 2027. Implication of strict traffic safety norms in Europe and increasing adoption of new technologies by the governments for traffic management are some important factors driving the growth of this region to dominate the global automatic number plate recognition market. However, regions such as Asia Pacific a, MEA and South America are expected to grow over the next five years, as the adoption of ANPR technology for traffic enforcement is increasing rapidly in these regions. The automatic number plate recognition technology is being used globally by police departments and security agencies to ensure public safety. ANPR systems are used by the police for three major applications, namely identification of the vehicles being used by criminals, gathering intelligence information, & crime investigation, fixed or portable ANPR cameras are being used for the purpose of capturing images of the vehicles along with their license plate & to further link them to time & location of the crime.?
This information is then verified against the databases of vehicle records available with the centralized ANPR data center. This facilitates security bodies in identifying and intercepting vehicles in real time and taking necessary action. ANPR cameras installed on the streets with night vision capabilities improve public safety at night. In the U.S., the police department has installed ANPR cameras across all 51 states for tracking vehicles used in crime. Moreover, ANPR cameras have rapidly replaced CCTV cameras in recent years across the world. This is due to the capability of ANPR systems to create databases in real time. A CCTV camera does not have the capability to recognize a face or a vehicle. In England and Wales, 10,502 ANPR systems were reportedly installed on roads in 2010. Thus, the application of ANPR systems in ensuring public safety on streets and in criminal investigations is among the major factors driving growth in the global ANPR market.
This market intelligence report on the global Automatic Number Plate Recognition Market encompasses market segments based on type, component, application and country.
In terms of type, the Automatic Number Plate Recognition Market is segregated into:
By component, the global Automatic Number Plate Recognition Market is segregated into:
By application, the global Automatic Number Plate Recognition Market is segregated into:
By country/region, the global Automatic Number Plate Recognition Market has been divided into:
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Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
Others players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Automatic Number Plate Recognition related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter's five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2017-2027. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Ø This study offers comprehensive yet detailed analysis of the Automatic Number Plate Recognition Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2019 – 2027, taking into account 2018 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Automatic Number Plate Recognition Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered this report comprise names such as Siemens, Bosch, ARH among others
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Automatic Number Plate Recognition caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Automatic Number Plate Recognition Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Automatic Number Plate Recognition Market
v Identification of key factors driving investment opportunities in the Automatic Number Plate Recognition Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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