Automatic Number Plate Recognition (ANPR) System Market Outlook 2027 By Component, Size, Share, Trends, Growth
According to TechSci Research, Global automatic number plate recognition (ANPR) system market is expected to grow substantially rate during the forecast period. The global automatic number plate recognition (ANPR) system market is driven by the growing need for effective traffic management and safety. The increasing incidences of thefts, crimes, road accidents, breach of traffic laws, among others are expected to fuel the market growth during the forecast period. Furthermore, increased adoption of advanced technologies such as cloud-based services, IoT, AI, among others is expected to propel the market through 2027. However, inconsistency in size, designs, font, color, style, among others can hamper the market growth over the next few years since it becomes very difficult to make an algorithm that can read all the different number plates pattern without any discrepancy. The global automatic number plate recognition (ANPR) system market is segmented based on component, type...