TechNavio’s analysts forecast that the Global Automatic Number Plate Recognition Market will reach $579.8 million in 2014. One of the key factors contributing to this market growth is the increase in need for better traffic management. The Automatic Number Plate Recognition Market has also been witnessing increase in functionality of automatic number plate recognition systems. However the increase in different number plate formats could be a challenge to the growth of this market.

Key vendors dominating this market space include Q-Free ASA, PIPS Technology Ltd, Siemens Security, Autonomy Virage, and Parkare-Alfia.

TechNavio’s Global Automatic Number Plate Recognition Market 2010-2014 has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on Americas, EMEA and APAC and covers the Automatic Number Plate Recognition Market and its outlook in the coming years.

Key questions answered in this report:
What will the market size be in 2014 and at what rate will it grow?
What key trends is this market subject to?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors?


 Enterprise Application Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.