The automatic number plate recognition market is expected to bring tremendous growth prospects across the forecast period of 2020-2030. The growing adoption of these plates for traffic management and enforcement in the public sector will serve as a dominant growth-contributing factor for automatic number plate recognition market.

Automatic number plate recognition systems are advanced computer-vision based technologies which are capable of reading and identifying number plates without human intervention. The information gathered by the systems can be stored, interpreted, or matched for further information. The associated advantages attached with these systems will bring exponential growth for the automatic number plate recognition market.

These systems help keep a watch on traffic law violations and ensure the safety of all road users. In addition, it also helps in enhancing the effective transport flow of people in real-time. Thus, all these factors bring extensive growth prospects.

The expanding use of automatic number plate recognition systems in applications like toll enforcement, security, surveillance, traffic management, vehicle parking, and others will assure promising growth during the forecast period. Vital types of automatic number plate recognition systems are portable and static systems.

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Transparency Market Research’s (TMR’s) report on the automatic number plate recognition market has every component that will assist the stakeholder in understanding the current scenario. The overall market research survey on automatic number plate recognition by TMR suggests a stable growth period.