“Automatic Number Plate Recognition Market Report and Forecast 2022-2027”

The global Automatic License Plate Recognition market is driven by the increasing application of ANPR in various end-use sectors during the forecast period 2022-2027

EMR’s new report, entitled “Global Market size for automatic number plate recognitionShare, Growth, Trend, Report and Forecast 2022-2027′, provides an in-depth analysis of the global Automatic License Plate Recognition market and evaluates the market based on its segments such as types, applications, and major regions.

The report tracks the latest trends in the industry and examines their impact on the overall market. It also assesses the market dynamics, covers the main demand and price indicators and analyzes the market based on the SWOT and Porter Five Forces models.

Get a free sample report with table of contents: https://bit.ly/3MrsKNc

Key highlights of the report include:

Market overview (2017-2027)

• Historical market size (2020): $2.51 billion
• Forecast CAGR (2022-2027): 10.3%

The Automatic Number Plate Recognition industry is being driven by the increasing application of Automatic Number Plate Recognition (ANPR) in various sectors such as Government, Law Enforcement, Defense & Security, Commerce among others. The rising crime rates and governments are making the demand for efficient ANPR in the government sector increasing, which is driving the market growth.

As ANPR provides efficient and easy monitoring, which is vital for traffic enforcement and fighting criminal activities on the road, the market is expected to grow. The market is expected to be further supported by the increasing adoption of ANPR in the defense and security forces for constant surveillance. The rising population, growing car sales and thriving travel and tourism sector are estimated to drive the growth of the market over the forecast period.

Industry definition and main segments

An automatic…