|By Business Wire||
|January 23, 2014 07:20 AM EST||
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-Free 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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