ANPR Systems’ Market Set to Record Strong Growth Due to Increased Security Concerns
A higher level of demand for security and an increased need to properly monitor and restrict vehicular access on organizations’ premises are among the top factors driving growth in the ANPR systems’ sector, a recent market research report has been able to suggest.
The report titled “ANPR (Automatic Number Plate Recognition) Cameras Market – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020–2027” suggests that this sector is expected to rise at CAGR of 7.9% from 2020 to 2027.
The ANPR cameras sector was valued at 249.6 million US$ in 2020 and is expected to reach 427.4 million US$ by the end of 2027.
The report identifies various factors aiding the market expansion, as well as key restraints. For instance, it has been highlighted by the report lack of awareness is a key factor restricting the growth of this market. In addition to this, government support will be of major help, enabling companies expand their footprint across the world.
Apart from simply reading number plates, speed enforcement devices can now offer a variety of functions beyond license plate reading and. Red light enforcement is a potential key ANPR application that has benefitted greatly from advances in analytics.
Advances in video analytics have had a big impact on modern ANPR solutions, which has led to increasing adoption in access control and parking applications, including at hotels, hospitals and airports. These advances allow hotel chains, for example, to offer free parking to their guests at all associated hotels, not just the one where the guest is booked for their stay.
TENSOR – EXPERTS IN DESIGNING AND DEPLOYING SECURE AND RELIABLE AUTOMATED LICENCE PLATE RECOGNITION SYSTEMS
Tensor has an extensive experience in installing CCTV systems and commissioning comprehensive video management solutions for large multi-site facilities, and can also fully integrate video surveillance into other security systems including ANPR (Automatic Number Plate Recognition), Access Control and Facial Recognition.
Whilst CCTV systems are an effective crime deterrent and can provide recorded video footage for post event analysis or evidence, the benefit to your business is enhanced through real-time remote monitoring of your CCTV system – providing extra eyes during an event and response through live audio, to challenge potential intruders as well as recording the situation.
Tensor’s Project Managers and Integration Engineers, all of which have a background in the security industry, professional engineering, IT and integration, defence electronics and the armed forces work to the highest standards to ensure that solutions achieve the required functionality, within budget, and are well implemented.
If you’d like to find out more about Tensor PLC’s consultancy, concept, design, procurement, manufacturing, installation, maintenance, training and monitoring services, just contact us, or book a demo with one of our company’s representatives.