Automatic Number Plate Recognition (ANPR) System Market Analysis, Key Company Profiles, Types, Applications and Forecast to 2028

Vancouver, BC -- (SBWIRE) -- 05/03/2021 -- The global Automatic Number Plate Recognition (ANPR) system market is expected to reach USD 4,899.0 Million in 2028, and register a CAGR of 9.5% during the forecast period. Rising focus on smart city development is a significant factor driving Automatic Number Plate Recognition system market revenue growth. Reducing traffic congestion and decreasing on-road risks to commuters and pedestrians through provision of real-time traffic information to transport departments as well as commuters is inherent to the idea behind the development of smart cities.