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Automatic Number Plate Recognition (ANPR) Market Estimated to Garner USD 5.6 Billion at a 9.5% CAGR by 2030 – Report by Market Research Future (MRFR)

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New York, US, May 25, 2022 (GLOBE NEWSWIRE) — Automatic Number Plate Recognition Market Overview:

According to a comprehensive research report by Market Research Future (MRFR), “Automatic Number Plate Recognition Market” information By Component, by Type, By Application, by End User and Region – Forecast to 2023” market size to reach USD 5.6 billion, to Grow Approximately at 9.5% CAGR, by 2030.

Report Scope:

Report Metric Details
  Market Size USD 5.6 Billion
  CAGR 9.5%
  Base Year 2019
  Forecast Period 2020-2030
  Historical Data 2018
  Forecast Units Value (USD Million)
  Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered Type, Component, Application, End-User
  Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors Siemens AG, Kapsch TrafficCom AG, Vigilant Solutions, Tattile SRL, Leonardo Company, Neology Inc., Genetec Inc., Jenoptik Group, Conduent Inc., Financial Overview, Bosch Group
  Key Market Opportunities Substantial increase in the use of cloud-based software in the ANPR system.
  Key Market Drivers ·  Deployment of ANPR systems in security and surveillance and traffic enforcement applications.

·  Rapid urbanization.

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Market USP Exclusively Encompassed:
ANPR Market Drivers 

Artificial intelligence & the Internet of Things are now being linked into ANPR systems, allowing the systems to perform more efficiently and take more photographs in less time. ANPR devices and software that are connected with AI & IoT technology are currently available from a variety of vendors. This will boost market growth during the forecast period. 

ANPR Market Opportunities: 

Increasing Adoption in Electronic Toll Collection to offer Robust Opportunities 

The surging adoption of automatic number plate recognition in electronic toll collection will offer robust opportunities for the market over the forecast period. With increased road connection, toll booths have increased around the world. There is a growing desire for automated solutions to reduce overcrowding and improve vehicle monitoring and detection at toll booths, which is pushing the use of such systems for tolling. Scams and frauds can be avoided with ANPR technology, and road charging systems can be more accurate.

ANPR Market Restraints 

Lack of Consistency to act as Market Restraint 

The lack of consistency in the plate design may act as a market restraint over the forecast period. Number plates generally are versatile. They have variations with regards to sizes, pattern, and colors of such plates. Besides, the designs across the globe differ. These factors make them hard for the number plate recognition in reading the numbers. 

Challenges 

Lack of Awareness to act as ANPR Market Challenge 

The lack of awareness about automatic number plate recognition and privacy concerns about stored records and images may act as market challenges over the forecast period. 

Browse In-depth Market Research Report (100 Pages) on Automatic Number Plate Recognition Market: 
https://www.marketresearchfuture.com/reports/automatic-number-plate-recognition-market-7763

ANPR Market Segmentation:

The automatic number plate recognition market is bifurcated based on end user, application, component, and type. 

By type, fixed will lead the automatic number plate recognition market over the forecast period. 

By component, software will dominate the ANPR Market over the forecast period. 

By application, traffic management will spearhead the automatic number plate recognition market over the forecast period. 

By end user, government will have the lions share in the market over the forecast period. 

COVID-19 Analysis 

Many businesses are affected by COVID-19. The market for automatic number plate identification is facing certain difficulties. In many areas, the use of road cameras is decreasing. Vehicles on the road are subject to limitations. The demand for automatic number plate identification is dwindling as a result of restrictions and lockdowns. The megacities, in particular, are enjoying decreased traffic congestion. Furthermore, the market’s supply chain is severely disrupted. Numerous end-users have decreased their demand for ANPR systems. During this time, the use of ANPR is decreasing. The amount of traffic on the roadways is predicted to increase dramatically in the following year. In the future years, road restrictions will be reduced. In addition, ANPR will become more widely used in the next years. Governments are increasing their expenditures on these technologies. Regions such as Asia Pacific, in particular, are seeing an increase in demand for the commodity. All of these will benefit the market for automatic number plate recognition.

Automatic Number Plate Recognition Market Regional Analysis 

North America to Rule ANPR Market 

North America will rule the automatic number plate recognition market over the forecast period for the rapid industrialization of various traffic monitoring devices on tunnels, bridges, and highways. Over the forecast period, an IoT-enabled solution for configuring ANPR equipment with a traffic monitoring device will gain a lot of popularity. In the forecast period, the need for human-free intervention especially in traffic monitoring devices will have an impact on regional market growth. The market for fixed systems is projected to be driven by ongoing R&D activities in North America for the creation of radar-based ANPR systems. The North American ANPR system market is expected to gain traction through 2027, thanks to rising use for a variety of parking management applications, such as smart parking and traffic monitoring. The regional market will develop due to the rapid digitalization of the traffic monitoring systems, namely on highways, bridges, and tunnels.

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APAC to Have Admirable Growth in Automatic Number Plate Recognition Market 

Over the next six years, the APAC region is expected to be the fastest-growing regional market. In nations like China, Indonesia, Vietnam, and South Korea, ANPR systems are rapidly being used for traffic management, enforcement, and parking laws. Furthermore, the fast growth of various smart cities is driving up demand for this technology. The market for portable ANPR systems is likely to rise as these economies place a greater emphasis on highway patrolling. During the projected period, the market is expected to grow the most. The region’s growing population and urbanization have led to an increase in the number of automobiles on the road. Governments around the region are aggressively adopting & implementing infrastructure development projects, many of which are geared at modernizing roadways. In addition, the number of commercial centres, recreational and sports facilities, malls and multiplexes, & car parks in the region is rapidly increasing. Furthermore, solutions for efficient border control and car theft prevention are in high demand. APAC has turned into the fastest-growing markets for the ANPR systems as a result of these considerations. The Asia Pacific ANPR system market is predicted to grow at the quickest rate in the forecast period, for the rapid infrastructure development and rising government support for traffic congestion management. In addition, law enforcement organizations’ increasing demand for ANPR devices to combat criminal activity is driving market expansion.

Dominant Key Players on ANPR Market Covered are:

  • Kasich TrafficCom AG
  • Vigilant Solutions
  • Siemens AG
  • Leonardo Company
  • Tattile SRL
  • Neology Inc.
  • Jenoptik Group
  • Genetec Inc.
  • Conduent Inc.
  • Financial Overview
  • Bosch Group

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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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dsm-firmenich completes on-market repurchase of 500,000 shares to cover share plans

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KAISERAUGST, Switzerland and MAASTRICHT, Netherlands, April 16, 2024 /PRNewswire/ — dsm-firmenich today announces that it has repurchased 500,000 ordinary shares in the period from April 8, 2024 up to and including April 12, 2024 at an average price of €103.29. This is in accordance with the on-market share repurchase program announced on April 8, 2024, covering commitments under the Group’s share-based compensation plans. This repurchase concludes the program to repurchase 500,000 shares for a total consideration of €51.6 million.

For more detailed information see ‘Daily transaction details On-Market Share Repurchase Program announced April 8, 2024’.
As announced on April 8, 2024, the on-market share repurchase program is followed by a repurchase of 1,000,000 shares by means of an equity forward transaction. The forward transaction is expected to be entered into in April 2024, and dsm-firmenich expects to take delivery of the shares in 2025.
For more information, please contact:
dsm-firmenich investor relations enquiries:Email: [email protected]
dsm-firmenich media enquiries:Email: [email protected]   
About dsm-firmenichAs innovators in nutrition, health, and beauty, dsm-firmenich reinvents, manufactures, and combines vital nutrients, flavors, and fragrances for the world’s growing population to thrive. With our comprehensive range of solutions, with natural and renewable ingredients and renowned science and technology capabilities, we work to create what is essential for life, desirable for consumers, and more sustainable for the planet. dsm-firmenich is a Swiss-Dutch company, listed on the Euronext Amsterdam, with operations in almost 60 countries and revenues of more than €12 billion. With a diverse, worldwide team of nearly 30,000 employees, we bring progress to life™ every day, everywhere, for billions of people. www.dsm-firmenich.com 
Disclaimer
This press release does not constitute or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.This press release may contain forward-looking statements with respect to dsm-firmenich’s future. Such statements are based on current expectations, estimates and projections of dsm-firmenich and information currently available to the company. dsm-firmenich cautions readers that such statements involve certain risks and uncertainties that are difficult to predict and therefore it should be understood that many factors can cause actual performance and position to differ materially from these statements. dsm-firmenich has no obligation to update the statements contained in this press release, unless required by law. The English language version of this press release prevails over other language versions.
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Infosys drives hybrid cloud-powered innovation for Team Global Express

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Infosys Cobalt accelerates the customer’s transition to the new environment, enabling them to deliver exceptional customer service
SYDNEY, April 16, 2024 /PRNewswire/ — Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, announced the successful completion of the technology landscape separation program of the Australian express logistics business, Team Global Express.

Infosys leveraged the established blueprints and tools from Infosys Cobalt to build on its strategic collaboration with Team Global Express and drive hybrid cloud-powered innovation. The team set up a greenfield technology environment and migrated Global Express’ applications and services to a world-leading sustainable and energy-efficient data centre and public cloud.
More than 300 applications were migrated to the new environment with zero business impact to its 4,000 plus users including applications and network integration of over 100 sites. The technology separation was completed on time without any operational impact for either of the organisations.
The program also involved modernising the overall technology landscape by embedding a cloud-first approach into its core business strategy to reduce the technical debt inherited from the parent organisation. As part of the migration, 70% of its applications were moved to the cloud, to gain from the technical benefits provided by the public cloud and create a secure and agile foundation for future digital transformation. The exercise helped reduce the overall risk by uplifting the base infrastructure and the security posture. It significantly improved the employee experience by reducing disruptions and improving operational productivity.
As the lead systems integrator, Infosys managed the program end-to-end, enabling Team Global Express’ transport and logistics business to deliver exceptional customer service. Infosys’ solution is a ‘Separate First and Transform Later’ strategy to align on-time separation without any impact ensuring operational stabilisation (operational journey transition from build to operate).
Infosys, with Team Global Express, won the 2024 ISG Paragon Award ANZ in gold category for this successful transformation program.
Danny Gravell, CIO of Team Global Express, said, “Our partnership with Infosys enabled us to successfully set up an independent technology capability and transform our foundation technology platforms. We value Infosys’ thought leadership, collaborative approach, and experience in implementing infrastructure and cloud transformation programs as a true strategic partner. By using the ready-to-use templates from Infosys Cobalt, we could complete the transformation at speed with maximum efficiency. This program has enabled us to work towards providing the best possible experience for our customers.”
Karmesh Vaswani, Executive Vice President & Global Head of Consumer, Retail & Logistics, Infosys, said, “The separation program for Team Global Express presented a unique opportunity to achieve significant value. This complex program challenged us to not only accomplish the separation on-time and without business disruption, but also seamlessly establish a modern, secure and scalable digital foundation to accelerate their future growth. Leveraging our proven Infosys Cobalt cloud ecosystem and through a collaborative partnership with Team Global Express, we successfully navigated the complexities of this program, achieving an outcome that ranks among our most impactful engagements in the Australia and New Zealand region.”
About Team Global Express
Team Global Express is a logistics solutions company backed by Allegro Funds, Australia’s most awarded transformation and turnaround private equity firm. With the most significant multimodal network in the country, Team Global Express operates aircraft, trucks, ships and rail across Australia and New Zealand, with flexible transport options and new product solutions to help our customers grow their business.
With a strong commitment to sustainability, Team Global Express is leading the way to become the most sustainable logistics operator and transform the sector, which includes conducting the largest trial of electric trucks in Australia.
About Infosys
Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
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50 Scholarships Empowering STEM & Sustainability Education for UK Youth

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NEW YORK, April 15, 2024 /PRNewswire/ — AFS Intercultural Programs, a global non-profit educational exchange organisation, is proud to announce the second year of Global STEM Innovators scholarships in the United Kingdom – equipping young people with access to STEM, sustainability, and global competence education.

The AFS Global STEM Innovators is a five-week, full-scholarship exchange program, for 50 youth (ages 14 to 17), that fosters the understanding and skills needed to help the world transition to a more sustainable future. The program combines an interactive virtual exchange focused on global skills, and a week-long, in-person workshop focused on innovations in STEM. Scholars will explore sustainability and social impact through diverse perspectives, innovations, and real-world case studies, including opportunities to meet with STEM industry leaders and experts.
Upon program completion, scholars earn the award-winning AFS Global Competence Certificate and are invited to join the AFS Global STEM alumni community, which offers mentorship, networking, and further academic and professional development opportunities.
Program Dates
Application Deadline: 15 May 2024Virtual Exchange: 8 July – 9 August 2024 (online)Workshop: 11-17 August 2024 (in-person)Eligibility
Legal residence in one of the following postcode areas: Aberdeen (AB), Cardiff (CF), Darlington (DL), Newport (NP), Swansea (SA), or Teesside (TS)Birthdate: 1 January 2007 – 31 July 2010AFS has partnered with Celtic English Academy in Wales to administer the program. Full scholarship funding is provided by bp, which supports AFS Global STEM programs to help build the STEM talent that the world needs to create sustainable solutions and improve the diversity of talent in STEM.
AFS brings decades of expertise in impact-driven educational exchange and the power of a global network. “We know that young people are eager to innovate and bring positive change to their communities, and we are proud to empower young people with critical global skills and knowledge, like cross-cultural communication, empathy, and conflict resolution,” says Daniel Obst, President & CEO of AFS. “Educating more young people to become global citizens is crucial to create a more sustainable future.”
To learn more or apply, please visit https://afs.org/global-stem/innovators/.
 
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