Automatic Number Plate Recognition System Market Overview By Type, Component, Application, End Use, Region And Forecast Till 2025
San Francisco, 29 Oct 2020: The Report Automatic Number Plate Recognition System Market Size, Share & Trends Analysis Report By Type, By Component, By Application, By End Use (Commercial, Government), By Region, And Segment Forecasts, 2019 - 2025 The global automatic number plate recognition system market size is expected to reach USD 3.0 billion by 2025, registering a CAGR of 6.8% during the forecast period, according to a new report by Grand View Research Inc. Advancements in traffic monitoring technologies have given rise to a mass surveillance technology that helps in capturing images of vehicles and identifying the license number. In addition, it can also facilitate in the detection of lost or stolen vehicles. Governments around the globe are emphasizing on the development of smart cities. Under the umbrella of smart cities, the development of intelligent transportation systems is a major trend. Various governments are entering in partnership...