Vehicle License Plate Recognition Market to see Huge Growth by 2025 | Conduent, Siemens, Neology

Research Reports

Mar 10, 2021

Latest released the research study on Global Vehicle License Plate Recognition Market, offers a detailed overview of the factors influencing the global business scope. Vehicle License Plate Recognition Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Vehicle License Plate Recognition. The study covers emerging player’s data, including: competitive situation, sales, revenue and global market share of top manufacturers are Conduent, Inc. (United States), Vigilant Solutions, Inc. (United States), Neology, Inc. (United States), KAPSCH TrafficCom AG (Austria), Q-Free ASA (Norway), Elsag North America, LLC (United States), ARH Inc. (Hungary), Siemens AG (Germany), Genetec Inc. (Canada), Bosch Security Systems, Inc. (Germany), Tattile SRL (Italy), TagMaster North America, Inc. (United States).

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Definition:
Vehicle plate recognition is used to store the images captured by the cameras. It is also used to capture the text from the license plate. It is also known as Automatic (or automated) license-plate recognition (ALPR) or Lecture automatique de plaques d’immatriculation (LAPI). Deployment of VLPR systems in security and surveillance, and traffic enforcement applications and growing usage of video analytics technology for intelligent monitoring of vehicles are projected to drive the global Vehicle plate recognition market over the forecast period.

Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Global Vehicle License Plate Recognition Market various segments and emerging territory.

Market Drivers
An increase in vehicle production demand will propel the vehicle license plate recognition market growth in the forecast period. For instance, according to India Brand Equity Foundation, in 2018, India became the 4th largest auto market with sales increasing 8.3% year-on-year to 3.99 million units. Hence, it will drive the market growth.

Market Trend
Increasing Usage of Video Analytics Technology for Intelligent Monitoring of Vehicles

Restraints
Problem related to Inconsistency in Number Plate Designs

Challenges
Misinterpretation of Ambiguous Characters on Number Plates

The Global Vehicle License Plate Recognition Market segments and Market Data Break Down are illuminated below:
by Type (Fixed Vehicle License-Plate Recognition Systems, Mobile Vehicle License-Plate Recognition Systems, Portable Vehicle License-Plate Recognition Systems), Application (Traffic Management, Law Enforcement, Electronic Toll Collection, Parking Management), Software (OCR, Webcam, MATLAB), Hardware (Storage, PC, Webcam, IR Sensor)

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Analyst at AMA have conducted special survey and have connected with opinion leaders and Industry experts from various region to minutely understand impact on growth as well as local reforms to fight the situation. A special chapter in the study presents Impact Analysis of COVID-19 on Global Vehicle License Plate Recognition Market along with tables and graphs related to various country and segments showcasing impact on growth trends.

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

What benefits does AMA research studies provides?

Latest industry influencing trends and development scenario
Open up New Markets
To Seize powerful market opportunities
Key decision in planning and to further expand market share
Identify Key Business Segments, Market proposition & Gap Analysis
Assisting in allocating marketing investments

Strategic Points Covered in Table of Content of Global Vehicle License Plate Recognition Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Vehicle License Plate Recognition market

Chapter 2: Exclusive Summary – the basic information of the Vehicle License Plate Recognition Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Vehicle License Plate Recognition

Chapter 4: Presenting the Vehicle License Plate Recognition Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020

Chapter 6: Evaluating the leading manufacturers of the Vehicle License Plate Recognition market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Vehicle License Plate Recognition Market is a valuable source of guidance for individuals and companies in their decision framework.

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Key questions answered

Who are the Leading key players and what are their Key Business plans in the Global Vehicle License Plate Recognition market?
What are the key concerns of the five forces analysis of the Global Vehicle License Plate Recognition market?
What are different prospects and threats faced by the dealers in the Global Vehicle License Plate Recognition market?
What are the strengths and weaknesses of the key vendors?

Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

About Author:

Advance Market Analytics is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies’ revenues.

Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enable clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.

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