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Growing demand in parking applications to aid growth in automatic number plate recognition systems market
Automatic Number Plate Recognition Systems: A Global Strategic Business Report - a new market research report on 2014-04-16 06:30:05
Global market for Automatic Number Plate Recognition Systems is projected to reach US$804.2 million by 2018, driven by growing demand in tolling and parking applications.

The process of vehicle identification has undergone significant transformation over the decades, with manual identification processes now giving way to automated systems. While traditional identification techniques such as noting down registration number, capturing images of number plates with hand held cameras, and manually searching up database are still used in many parts of the world, automated techniques such as use of barcodes, RFID tags and automatic number plate recognition (ANPR) systems are fast gaining popularity.

A mass surveillance system that automatically establishes vehicle registration number by running optical character recognition on images captured by strategically placed cameras, ANPR systems are finding growing use in various application areas. Supported by benefits such as ease-of-use, and high levels of accuracy in real time identification of vehicles, ANPR systems are already being used in toll and traffic violation control, law enforcement, and parking management applications.

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