Oftentimes, Community Association Managers (CAMs) are unaware of the variety of smart parking technology solutions that are available to help them optimize their communities’ parking assets and/or reduce the burden of administering parking within .
Trying to find parking that is accessible to a person with physical limitations is more common than you think. According to BraunAbility, 74% of people have witnessed an accessible parking area being misused.
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The ANPR system market is expected to grow from USD 2.3 billion in 2020 to USD 3.8 billion by 2025, at a CAGR of 10.0%
The market growth can be attributed to several factors, such as deployment of ANPR systems in security and surveillance, and traffic enforcement applications, infrastructure growth in emerging economies, increasing allocation of funds by various governments for ITS, and so on. However, inconsistency in number plate designs and misinterpretation of ambiguous characters on number plates are creating hurdles for the market.
The recent COVID-19 pandemic is expected to impact the global ANPR system market. Due to COVID-19, the manufacturing units of major players are highly hampered due to worldwide lockdown and limited availability of labor and raw material. This has resulted in a delay in ongoing transport projects to a greater extent. Some experts argue that the governments may rethink on the