ANPR System Market worth $3.8 billion by 2025 - Exclusive Report by MarketsandMarkets™

CHICAGO, Dec. 17, 2020 /PRNewswire/ -- According to the new market research report "ANPR System Market with COVID-19 Impact Analysis by Type (Fixed, Mobile, Portable), Application (Traffic Management, Law Enforcement, Electronic Toll Collection, Parking Management, Access Control), Component, and Geography - Global Forecast to 2025", published by MarketsandMarkets™, the ANPR System Market is expected to grow from USD 2.3 billion in 2020 to USD 3.8 billion by 2025, at a CAGR of 10.0%. The market growth can be attributed to several factors, such as the deployment of ANPR systems in security and surveillance, and traffic enforcement applications, infrastructure growth in emerging economies, increasing allocation of funds by various governments for ITS, and so on.

Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=140920103

Fixed ANPR systems to account for the largest share of ANPR system market by 2025

Based on the type, the ANPR system market has been divided into fixed, mobile, and portable. Fixed ANPR system held the highest share in 2019. The market growth can be attributed to the increasing demand for fixed ANPR systems for various applications, such as traffic management and toll collection.  Mobile ANPR systems are widely used in police and law enforcement agencies to ensure proper security and surveillance.

Traffic management application to dominate the market during forecast period

On the basis of applications, the market is categorized into traffic management, law enforcement, electronic toll collection, parking management, and access control. The increasing adoption of vehicles and stringent government regulations for implementing electronic toll collection systems is driving the growth of the ANPR system market.

Browse in-depth TOC on "ANPR System Market"

110 – Tables
60 – Figures
150 – Pages

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=140920103

Europe is leading the market for ANPR system in 2019

Europe held the largest share in the ANPR system market in 2019. In Europe, ANPR systems are widely used for law enforcement applications. The increasing government initiatives pertaining to the adoption of ITS and the growing population in this region are driving the need for an efficient transportation system, which, in turn, is fueling the growth of the ANPR system market.

Some of the key companies operating in the market are Kapsch TrafficCom AG (Austria), Conduent, Inc. (US), Q-Free ASA (Norway), Siemens AG (Germany), Genetec Inc. (Canada), and so on.

Related Reports:

Intelligent Transportation System Market with COVID-19 Impact Analysis by Offering, System (Advanced Traffic Management System, ITS-Enabled Transportation Pricing System, and Others), Application, and Geography - Global Forecast to 2025

Electronic Toll Collection Market with COVID-19 Impact Analysis by Technology (RFID, DSRC, ANPR/ALPR, and Satellite-Based), Offering (Hardware, and Back Office and Other Services), Application, Type, and Region - Global Forecast to 2025

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 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints 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.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/anpr-system-market.asp  
Visit Our Web Site: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/automatic-number-plate-recognition-system.asp 

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg