According to a new report Global Automatic Number Plate Recognition System Market, published by KBV research, the Global Automatic Number Plate Recognition (ANPR) System Market size is expected to reach $3.6 billion by 2023, rising at a market growth of 9.6% CAGR during the forecast period.
The Europe market holds the largest market share in Global Automatic Number Plate Recognition System Fixed Market by Region in 2016, and would continue to be a ... Read more
Automatic number plate recognition (ANPR) System mainly works on the basis of optical character recognition technology (OCR) to read the number plates and extracts the alphanumeric characters of the license plate equipped on the vehicles and stores the captured data in image format. Automatic number plate recognition systems uses either closed circuit televisions or the cameras specially designed for the number plate recognition. Automatic number plate ... Read more