Increased License Plate Capture Capabilities Build Additional Use Cases for Video Management Systems
With many video management system (VMS) vendors adding automatic license plate capture capabilities, the uses for this technology are expanding rapidly.
Specific areas that are expected to see expansion in capabilities over the next few years are:
- Security applications
- Road tolls
- Congestion zone payments
- Rideshare monitoring
- Auto payment parking
With a sharp increase expected from municipalities looking to limit carbon footprints by implementing congestion zones, the added functionality will continue to grow the market.
Our Take
As VMS vendors continue to add functionality for license plate capture, expect the addition of AI to significantly increase the value of the data being collected to predict traffic patterns and usage.