Automatic Number Plate Recognition Market to Expand at 13.5% CAGR Owing to Rising Usage in Traffic Enforcement Applications
A new Transparency Market Research report states that the global automatic number plate recognition (ANPR) market is estimated at US$415.5 million in 2013, and is expanding at a CAGR of 13.5% between 2014 and 2020 and is predicted to reach US$1,023.2 million by 2020. The title of the report is "Automatic Number Plate Recognition (ANPR) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020".ANPR is a system, primarily a software, that helps computer systems automatically...
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