Automatic Number Plate Recognition (ANPR) Market Key Trends, Size, Latest Innovations, Analysis and Forecast 2027
Market Research Future published a research report on “Automatic Number Plate Recognition (ANPR) Market Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027. Automatic Number Plate Recognition (ANPR) Market Overview: The automatic number plate recognition (ANPR) market will witness a healthy growth from 2018 to 2023, a research report suggests. Growing at a high CAGR, the market is projected to reach US$1,100 million by 2023. Deployment of ANPR systems in security and surveillance is expected to support the market growth along with the rising adoption of ANPR systems in traffic enforcement applications. As predicted by analysts, inconsistency in number plate design will negatively affect the market’s performance from 2018 to 2023. During the forecast period, the market will be supported by increase in the use of cloud-based storage services and cost-effective and scalable storage solutions. Misinterpretation of unclea...