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?
Report HighlightsEmerging Nations are Driving Demand for Robotics in Healthcare
Research conducted by Technavio reveals, that the global robotics for healthcare market is expected to grow at a CAGR of 21 percent. The report, which focuses on America, EMEA and APAC indicates, that the market is currently driven by the surge in robotic surgery centers in emerging nations.
“Robotics vendors have been targeting countries such as Japan and India. For example, Fortis Healthcare is investing $21.9 million in India to set up ten robotic surgery centers,” reports Technavio analyst.
In spite of the need, FDA's restrictions on companies selling medical robot hinder the growth of this market. However, the development of pharmacist robots is expected to drive market growth.
The global robotics in healthcare market is marked by an increased focus on mergers and acquisitions. This makes the study an important one for companies to fully understand the potential in the market and formulate its own strategy.
The report, Global Market for Robotics in Healthcare 2010 - 2014, is based on an extensive research from inputs by industry experts, vendors and end-users. It examines the factors- including the key trends, drivers and challenges, impacting the evolution of this market. Further, it contains an in-depth understanding of the key vendors including their SWOT Analysis.
Companies mentioned in this report include: Intuitive Surgical Inc., Accuray Inc., Titan Medical Inc.,
Prosurgics Ltd. , and Curexo Technology Corp.
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