The License Plate Recognition Software(LPR) market is experiencing rapid growth as businesses and governments worldwide increasingly adopt automated systems for vehicle identification and monitoring. This technology, which uses optical character recognition (OCR) to read and interpret license plates, is revolutionizing security, traffic management, and law enforcement. According to a recent study by Market Intelo, the global License Plate Recognition Software market is projected to reach USD 3.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 13.4% from 2023 to 2032.