Research and Markets (http://www.researchandmarkets.com/research/pmnkd6/global_automatic)
has announced the addition of the "Global
Automatic Number Plate Recognition (ANPR) Market 2014-2018"
report to their offering.
The analysts forecast the Global Automatic Number Plate Recognition
market to grow at a CAGR of 14.12 percent over the period 2013-2018. One
of the key factors contributing to this market growth is growing demand
for improved security. The Global Automatic Number Plate Recognition
market has also been witnessing immense advancement in technology.
However, the growing intrusion of privacy could pose a challenge to the
growth of this market.
Key vendors dominating this space are Q-Fee ASA, ARH Inc., Vigilant
Solutions Inc., NDI Recognitions Systems Ltd. and Elsag North America LLC
Other vendors mentioned in the report are 3M Co., CA Traffic Ltd.,
Captec Ltd., ClearView Communications, COBAN Technologies Inc., DTK
Software, FLIR Systems, Gtechna Inc., HP Autonomy, Image Sensing Systems
Inc., Parkare Group, Petards Group, Quercus Technologies SL, Siemens
Technology and Services Pvt Ltd., Tattile srl, Bosch GmbH, Vysionics ITS
Ltd., and Zhejiang Dahua Technology Co. Ltd.
Commenting on the report, an analyst from the team said: The use of
manual identification processes has been increasingly replaced by
automated processes for the past few years. Initially, ANPR systems were
comprised of different components. However, technological advancements
have allowed for these components to be made into one integrated
solution. The ANPR accuracy level has also been increasing with time,
and this reduces the possibilities of errors. In addition, the current
ANPR systems use high definition cameras with better angular views.
Vendors have also started introducing different types of portable ANPR
systems. Vendors are expected to continue to introduce technological
advanced ANPR systems during the forecast period, which will lead to
their increased adoption.
For more information visit http://www.researchandmarkets.com/research/pmnkd6/global_automatic
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