Boston, MA -- (SBWIRE) -- 06/19/2017 -- Automated number plate recognition (ANPR) system is an OCR system, which is implemented using cameras and software to analyze the captured pictures. ANPR can either be installed on fixed polls or on cars for mobile surveillance. ANPR is widely being adopted by government sector for law enforcement, toll management, and traffic management. It is being deployed in commercial spaces for parking management.

Technavio's analysts forecast the global automatic number plate recognition market to grow at a CAGR of 12.87% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global automatic number plate recognition market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Get More Details on this Report and a Full Table of Contents at Global Automatic Number Plate Recognition (ANPR) Market 2017-2021

The market is divided into the following segments based on geography:

-APAC
-Europe
-North America
-Others

Technavio's report, Global Automatic Number Plate Recognition Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-3M
-ARH
-ELSAG
-NDI Recognition Systems

Other prominent vendors

-Bosch Sicherheitssysteme
-CA Traffic
-Captec
-Clearview Communications
-Digital Recognition System
-Genetec
-JENOPTIK Traffic Solutions
-NEC
-Q-Free
-Siemens
-Tattile
-Vigilant Solutions

Market driver

-Real-time identification and tracking
-For a full, detailed list, view our report

Market challenge

-High cost of overall implementation
-For a full, detailed list, view our report

Market trend

-Adoption for toll management and parking management
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2021 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: 3M, ARH, ELSAG, NDI Recognition Systems, Bosch Sicherheitssysteme, CA Traffic, Captec, Clearview Communications, Digital Recognition System, Genetec, JENOPTIK Traffic Solutions, NEC, Q-Free, Siemens, Tattile and Vigilant Solutions

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