Deployment of Automatic Number Plate Recognition Systems in Vehicle Parking Application Triggering Market Growth
The global automatic number plate recognition market, emphasizing on the existing market condition and its impact on the future of this industry.According to the publication, in 2013, the global automatic number plate recognition (ANPR) industry had attained a value of US$415.5 million. It is expected that this industry will be growing at a 13.5% compound annual growth rate between 2014 and 2020 to reach US$1,023.2 million.
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