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Global Automatic Number Plate Recognition System Market

Global Automatic Number Plate Recognition System Market

Submitted by • March 25, 2020 www.maximizemarketresearch.com

Global Automatic Number Plate Recognition System Market was valued USD XX Bn in 2018 and is expected to reach US$ 5.85 Bn by 2026, at CAGR of XX% during forecast period of 2019 to 2026.

Global Automatic Number Plate Recognition System Market

Global Automatic Number Plate Recognition System Market Drivers and Restrains:
Traffic control and vehicle owner identification has become a major problem in every country. Sometimes it becomes difficult to identify vehicle owners who break traffic rules and drives too fast. So, it is not possible to catch and punish those people instantly by traffic workforce. Therefore, there is a need in developing an Automatic Number Plate Recognition (ANPR) system, which can solve this problem. There are several ANPR systems available today.

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