1 / 5

Automatic Number Plate Recognition System Market worth 1.05 Billion USD by 2020

Automatic Number Plate Recognition System Market by Type (Mobile, Fixed, Portable), Application (Traffic Management, Law Enforcement, Toll Collection, Parking Areas), & Geography - Analysis & Forecast to 2020<br>

RameshwarM
Download Presentation

Automatic Number Plate Recognition System Market worth 1.05 Billion USD by 2020

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. MarketsandMarkets Presents Automatic Number Plate Recognition System Market worth 1.05 Billion USD by 2020 The report "Automatic Number Plate Recognition System Market by Type (Mobile, Fixed, Portable), Application (Traffic Management, Law Enforcement, Toll Collection, Parking Areas), & Geography - Analysis & Forecast to 2020", published by MarketsandMarkets, is estimated to reach USD 1.05 Billion by 2020, at a CAGR of 13.25% between 2015 and 2020. Browse 68 market data Tables and 40 Figures spread through 124 Pages and in-depth TOC on "Automatic Number Plate Recognition System Market“ Get More Information@ http://www.marketsandmarkets.com/Market-Reports/anpr-system-market-140920103.html

  2. The market growth is attributed to the adoption of ANPR systems for traffic management and law enforcement applications around the globe. Also the ANPR system market will witness demand from the commercial applications such as toll collections and dedicated parking in the forecasted period. The fixed ANPR system held the major share of the market in 2014. This market is expected to grow at a CAGR of 13.54% between 2015 and 2020. The growth of the fixed ANPR system is attributed to the increasing demand from applications such as traffic management, toll collection, and parking areas. Download PDF Brochure@ http://www.marketsandmarkets.com/pdfdownload.asp?id=140920103 Early buyers will receive 10% customization on reports. In this research report, the global ANPR system market is segmented on the basis of type, component, application, and geography. This report describes the drivers, restraints, opportunities, and challenges for the growth of the ANPR system market. The Porter's five forces analysis has been included in the report with a description of each of its forces and their respective impact on the ANPR system market.

  3. The toll collection application is expected to grow at the highest CAGR between 2015 and 2020  The market for toll collection is estimated to grow at the highest CAGR of 17.46% between 2015 and 2020. The rapid increase in the adoption of vehicles and the increasing government regulations for the implementation of the electronic toll collection system market is expected to drive the growth of this market. APAC to witness highest growth during the forecast period  The ANPR system market in APAC is expected to grow rapidly as a solution to various issues such as traffic congestion, police enforcement, toll collection, and parking which have arisen due to the rise in the urban population. In APAC, countries such as Japan and China have installed ANPR system in various application areas such as toll collection, parking, and traffic management. The ANPR system market in APAC is expected to grow at the highest CAGR of 18.06% during the forecast period. Some of the major companies dominating the ANPR systems market include 3M Company (U.S.), ARH Inc. (Hungary), Elsag North America LLC (U.S.), Genetec Inc. (Canada), Q-Free ASA (Norway), Vigilant Solutions Inc. (U.S.).

  4. About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pinpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

  5. Contact Us Contact:Mr. RohanMarketsandMarkets™ 701 Pike Street Suite 2175, Seattle, WA 98101, United States Tel: 1-888-600-6441 UK : 44-800-368-9399 Visit our Blog @ http://www.marketsandmarketsblog.com/market-reports/ Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

More Related