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Automatic Number Plate Recognition Market Worth More Than $1.4 Billion by 2023

Automatic Number Plate Recognition (ANPR) Market (Application: Security and Surveillance, Vehicle Parking, Traffic Management, Toll Enforcement; End-user: Government, Commercial) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2013-2023", estimates that the global automatic number plate recognition market is projected to grow at a CAGR of around 13% during the period from 2015 to 2023 and generate a revenue of over $1.4 billion by 2023. Major factors responsible for driving the growth of this market include increasing adoption of ANPR systems in traffic enforcement and management, growing need for enhanced security in public sector, and increasing spending by governments […]

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