GLOBAL ANPR SYSTEMS GROWING AT 10 PER CENT, APAC FASTEST

摘要

THE ANPR System Market with COVID-19 Impact Analysis by Type - Global Forecast to 2025' report from ResearchandMarkets has found the automatic numberplate recognition market is growing globally at a CAGR of 10.0 per cent. The ANPR system market is expected to grow from SUS2.3 billion in 2020 to $3.8 billion by 2025, with market growth attributed to several factors, such as deployment of ANPR systems in security and surveillance, and traffic enforcement applications, infrastructure growth in emerging economies, and increasing allocation of funds by various governments for ITS.