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The global Vehicle Recognition Software market size is expected to reach $ 694.1 million by 2029, rising at a market growth of 9.9% CAGR during the forecast period (2023-2029).
Global key players of Vehicle Recognition Software include Motorola Solutions, OMNIQ Corp (HTS), Adaptive Recognition and Dahua Technology Co., Ltd, etc. The top four players hold a share about 30%. Japan is the largest market, has a share about 45%. In terms of product type, Cloud-based is the largest segment, occupied for a share of about 70%, and in terms of application, Parking Lot has a share about 55 percent.
Vehicle recognition software typically combines with vehicle recognition cameras and other hardware to form a vehicle recognition system. By applying advanced image processing, deep learning algorithms, and license plate recognition technology, it achieves automatic recognition and information collection of vehicles.
This report studies the global Vehicle Recognition Software demand, key companies, and key regions.
This report is a detailed and comprehensive analysis of the world market for Vehicle Recognition Software, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Vehicle Recognition Software that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Vehicle Recognition Software total market, 2018-2029, (USD Million)
Global Vehicle Recognition Software total market by region & country, CAGR, 2018-2029, (USD Million)
U.S. VS China: Vehicle Recognition Software total market, key domestic companies and share, (USD Million)
Global Vehicle Recognition Software revenue by player and market share 2018-2023, (USD Million)
Global Vehicle Recognition Software total market by Type, CAGR, 2018-2029, (USD Million)
Global Vehicle Recognition Software total market by Application, CAGR, 2018-2029, (USD Million).
This reports profiles major players in the global Vehicle Recognition Software market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Motorola Solutions, OMNIQ Corp (HTS), Adaptive Recognition, Dahua Technology Co., Ltd, Neology, Perceptics, Hikvision, Rekor (OpenALPR) and Q-free, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Vehicle Recognition Software market.
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.
Global Vehicle Recognition Software Market, By Region:
- United States
- China
- Europe
- Japan
- South Korea
- ASEAN
- India
- Rest of World
Global Vehicle Recognition Software Market, Segmentation by Type
- On-premise
- Cloud-based
Global Vehicle Recognition Software Market, Segmentation by Application
- Traffic Control
- Parking Lot
- Other
Companies Profiled:
- Motorola Solutions
- OMNIQ Corp (HTS)
- Adaptive Recognition
- Dahua Technology Co., Ltd
- Neology
- Perceptics
- Hikvision
- Rekor (OpenALPR)
- Q-free
- Genetec
- Jenoptik(Vysionics)
- Neural Labs
- Inex Tech
- Vaxtor
- Cyclops Technologies
- ISS
- NDI Recognition Systems
Key Questions Answered
1. How big is the global Vehicle Recognition Software market?
2. What is the demand of the global Vehicle Recognition Software market?
3. What is the year over year growth of the global Vehicle Recognition Software market?
4. What is the total value of the global Vehicle Recognition Software market?
5. Who are the major players in the global Vehicle Recognition Software market?