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OMNIQ Accelerates Nationwide Mobile License Plate Recognition Growth with Eight New Deployments as Demand for Smarter Real-Time Enforcement Grows
Globenewswire· 2025-10-15 12:45
Core Insights - OMNIQ is expanding its AI-based Mobile License Plate Inventory (MLPI) deployments across various sectors, including airports and healthcare, in response to increasing demand for secure access and enforcement solutions [1][3][4] - The global license plate recognition market is projected to grow from approximately $3.7 billion in 2024 to over $9 billion by 2034, driven by the adoption of AI analytics and real-time data platforms [2] Company Developments - OMNIQ's MLPI deployments are tailored to specific environments, enhancing visibility and automating processes without the need for additional staffing [3] - The MLPI platform converts standard vehicles into intelligent data-collection systems, achieving over 95% accuracy in real-time permit validation and unauthorized vehicle detection [4] - The CEO of OMNIQ highlighted the strong adoption of their technology due to its scalability and ability to integrate with existing infrastructure [5] Industry Trends - The demand for AI-powered analytics and mobility data platforms is accelerating, contributing to the growth of the license plate recognition market [2] - OMNIQ's solutions are positioned to improve efficiency, compliance, and safety across transportation, security, and supply chain sectors [5]
Oracle Named a Leader in the 2025 Gartner® Magic Quadrant™ for Analytics and Business Intelligence Platforms
Prnewswire· 2025-06-23 12:00
Core Insights - Oracle has been recognized as a Leader in the 2025 Gartner Magic Quadrant for Analytics and Business Intelligence Platforms for the second consecutive year, highlighting its Ability to Execute and Completeness of Vision [1][2] Company Developments - Oracle is enhancing its Analytics Cloud offerings by integrating AI to provide intelligent, real-time insights, which empower customers to make confident decisions and achieve measurable outcomes [2][3] - The Oracle Analytics AI Assistant allows users to interact with data using natural language, facilitating the discovery of insights and the creation of complex visualizations [2] - Contextual Insights feature provides business users with deeper understanding and recommendations as they explore analytics content [2] Industry Trends - The future of analytics is expected to focus on increased automation, personalization, and contextual insights, which Oracle aims to address through innovative solutions and features [3]