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Global Automatic Number Plate Recognition (ANPR) Market Report, Growth, Insight, Outlook, and Forecast to 2028

Global Automatic Number Plate Recognition (ANPR) Market By Type (Fixed ANPR Systems, Mobile ANPR Systems and Portable Systems), By Component (ANPR Cameras, ANPR Software, Frame Grabbers and Triggers), By Application (Traffic Management, Law Enforcement, Electronic toll Collection, Parking Management and Access Control) and By Region (North America, Europe, Asia-Pacific, South America and The Middle East & Africa)-Global Forecast to 2030.

Frequently Asked Questions (FAQ):

The automatic Number Plate Recognition System Market is estimated to reach USD 4.92 Billion by 2030, growing at a CAGR of 7.68% from 2022 to 2030 and it  was valued at USD 3.28 Billion in 2022.

The companies Kapsch TrafficCom, Siemens, Conduent, Inc., HikVision, Q-Free ASA, Genetec, Inc.,Adaptive Recognition, Axis Communication and Jenoptik Group are the key players in the global automatic number plate recognition (ANPR) market.

Increasing usage of video analytics technology for intelligent monitoring of vehicles and increasing investments by the government for intelligent monitoring of vehicles are the main driving elements for the market growth. 

ANPR systems are now being incorporated with artificial intelligence (AI) and the Internet of Things (IoT), letting the ANPR systems work more efficiently and capture more images in less time. Different companies now provide ANPR systems and software integrated with AI and IoT technology.

Asia-Pacific is expected to record the highest growth during the forecast period.

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