Automatic License Plate Recognition (ALPR) Market 2019
Automatic number-plate recognition (ANPR; see also other names below) is a technology that uses optical character recognition on images to read vehicle registration plates to create vehicle location data. It can use existing closed-circuit television, road-rule enforcement cameras, or cameras specifically designed for the task. ANPR is used by police forces around the world for law enforcement purposes, including to check if a vehicle is registered or licensed. It is also used for electronic toll collection on pay-per-use roads and as a method of cataloguing the movements of traffic, for example by highways agencies.Of the major players of the Automatic License Plate Recognition (ALPR) market, Neology maintained its first place in the ranking in 2017. Neology accounted for 6.95% of the Global Automatic License Plate Recognition (ALPR) market share in 2017. Other players accounted for 6.26%, 5.70% including Siemens and Elsag.
Automatic License Plate Recognition (ALPR) market will register a 12.0% CAGR in terms of revenue, the global market size will reach US$ 1270 million by 2024, from US$ 640 million in 2019.
A new business intelligence report released by Market Research with title “Global Automatic License Plate Recognition (ALPR) market Research Report 2019” that targets and provides comprehensive market analysis with prospects to 2024. The analysts of the study have acquired extensive research methodologies and data sources (i.e. Secondary & Primary Sources) in order to generate collective and useful information that delivers latest market undercurrents and industry trends.
Scope of the Report :
If you are involved in the Global Automatic License Plate Recognition (ALPR) industry or intend to be, then this study will provide you comprehensive outlook. It’s vital you keep your market knowledge up to date segmented by major players. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports, we can provide customization according to your requirement.
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The report evaluates the global Automatic License Plate Recognition (ALPR) market size, share, and growth rate and also provides an accurate projection for similar facets by thoroughly studying historic as well as current status of the market. The report presents market analysis based on revenue and sales volume. It also allows for gaining comprehensive acumen in upcoming business opportunities, obstacles, threats, and hindering factors in the market.
Additionally, the report discusses provincial trade frameworks, entry barriers, and varying economic structures.
Besides, the report sheds light on the significant evaluation of leading contenders who have been performing in the market to satisfy the desired needs and anticipations of end-users. The report offers in-depth insights into leading market players, alongside their corporate and organizational profiles, financial details, manufacturing methodologies, and so forth. Statistical details in terms of revenue, sales volume, profit margin, and CAGR have been included in the report. Additionally, the report comprises recent strategic and tactical moves that help to form their own lucrative business stratagem and make profound business decisions.
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This report categorizes the market based on manufacturers, regions, type and application.
Thorough assessment of leading manufacturers including their profiles, pricing structure, and product specifications of Automatic License Plate Recognition (ALPR) Market: Neology, Siemens, Elsag, Kapsch TrafficCom, ARH, Genetec, Bosch Security Systems, NDI Recognition Systems, Tattile, Arvoo Imaging Products, Shenzhen AnShiBao, Petards Group, Digital Recognition Systems, CA Traffic, Clearview Communications, GeoVision, NEXCOM, HTS, TagMaster, ParkingEye Limited, AlertSystems, MAV Systems
Major Type as follows – Cameras, Hardware, Software& Services
Major applications as follows – Traffic Management& Law Enforcement, Electronic Toll Collection, Car Park Management
Market Segment by Regions – North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Moreover, the report presents industry overview in a portrayed view to offer a wide acuity of the global Automatic License Plate Recognition (ALPR) market. It also provides a detailed analysis based on a competitive landscape that aids a reader to obtain a thorough perception of competitive advantages, contender’s missions, core values, and niche markets. It also highlights how the Automatic License Plate Recognition (ALPR) market is associated with its peer and parent market. Further, the report illuminates its impacts on the international economy throughout the period between 2019 and 2025.
The Global Automatic License Plate Recognition (ALPR) Market Report Enfolds:
• Extensive delineation of Automatic License Plate Recognition (ALPR) industry overview.
• Cardinal synopsis of every leading contender performing in the global Automatic License Plate Recognition (ALPR) market.
• Statistical assessment of Automatic License Plate Recognition (ALPR) market size, share, revenue, growth rate, and sales volume.
• Precise details based on Automatic License Plate Recognition (ALPR) market segmentation.
• Valuable information on the changing-pricing structure.
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