Business Industry Reports Automatic License Plate Recognition Market Analysi

Automatic License Plate Recognition
Market Analysis, worldwide industry
trends to 2022
BusinessIndustryReports have new report on “Global Automatic License Plate
Recognition Market 2018-2022”. The report provides the newest industry
data and industry future trends. The industry report lists the leading
competitors and provides the insights strategic industry Analysis of the key
factors influencing the market.
This Report covers the Major Players data, including: shipment, revenue, gross profit, interview
record, business distribution etc., these data help the consumer know about the competitors’ better
market. This report also covers all the regions and countries of the world, which shows a regional
development status, including market size.
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Automatic License Plate Recognition technology is used to provide better surveillance system,
monitor illegal activities and proper management of parking. This technology is also used for the
automation of the toll booths in various countries to reduce the time for the tolling and avoid traffic
congestion. Police and law enforcement agencies prefer these systems for ensuring proper security
and surveillance. The rise in a number of vehicle thefts and increasing criminal activities are also
helping the automatic number plate market to grow in the near future.
Growth of Automatic License Plate Recognition system industry is mainly driven by increasing
demand of these systems for traffic monitoring and control, collecting data for toll at public and
private places. These systems are preferred by police and law enforcement agencies for ensuring
proper security and surveillance. Rise in number of vehicle thefts and increasing criminal activities
are also helping the automatic number plate market to grow in the near future
Leading Companies in market:
1 Siemens
2 Bosch