Automatic Number Plate Recognition Market Poised for 11.4% CAGR Growth

added article IT, Cloud, Software and Technology

2024-07-29 10:01:59 -

With a predicted value of US$ 4.34 billion in 2024 and a predicted compound annual growth rate (CAGR) of 11.4%, the worldwide market for automatic number plate recognition is estimated to reach US$ 12.78 billion by 2034.High-performance variants of automatic number plate recognition (ANPR) cameras are being developed by manufacturers. These ANPR devices are widely used by the public sector and...

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