Global Smart Water Management Market Size is estimated to expand rapidly in coming years, at a CAGR of 20.5 % from 2019 to 2027. In 2019, the global market valuation was USD 11.5 billion, and it is anticipated to be greater than USD xx.xx billion by 2027. Due to the increasing water shortages and the need for rainwater harvesting around the globe, smart water management becomes the next major thing. Various organizations and corporations around the globe have been under enormous pressure to satisfy the growing demand for water. Worldwide water regulators need to recognize the need for an hour and proactively execute intelligent water systems to manage their distribution channels effectively, update their activities, decrease maintenance costs, and raise awareness among clients about water preservation and decrease non-revenue water losses owing to theft and water leakage. Regionally, North America is projected to dominate the global market in the forecast period.

Global Market Growth Opportunities (Revenue, Growth) By 2019-2027

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global smart water management market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global smart water management market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Services Type Insights: On the basis of services, the global smart water management market has been segmented into professional and managed services. Among which managed services segment has accounted for largest share in the global market of smart water management. Vendor offers are also taken into account to evaluate market segmentation. The bottom-up method was used to show up at the worldwide market's general size from the income of the market's main players.

By Solution Insights: On the basis of solution, global smart water management market has been segmented into network monitoring, advanced pressure management, SCADA system, advanced analytics, residential water efficiency, smart irrigation management systems. During the forecast period, the smart irrigation management system solution is anticipated to develop at the largest Growth rate as it helps to reduce more than 50 percent of handheld liquid used for residential and business landscape development.

Regional Analysis

The smart water management market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; the Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region, Asia Pacific region is expected to witness high growth in the market in forecast period Most of the countries in this region experience water shortages, and the implementation of smart water technology alternatives is anticipated to improve water conservation. Moreover, emerging countries such as China, India, and Japan are adopting smart water management technique in the forecast period.

During the forecast period, North America is expected to dominate the market with the biggest market share due to technological advances and early implementation of Smart Water Management software solutions in the environment. Europe is anticipated to dominate the global smart water management market over the projected period. The increasing population and replenishing groundwater resources are some of the variables that accelerate the development rate of intelligent irrigation management schemes in European countries.

Global Smart Water Management Market Size, Share Analysis by Region 2019

Global Smart Water Management Market Study Objective

1. To forecast the market size of smart water management market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of smart water management market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of smart water management market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of smart water management market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the smart water management market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

ABB Group, IBM Corporation, Schneider Electric, General Electric Company, Itron, and Siemens are some of the key players in the market of smart water management.

Global Smart Water Management Market Study Report Offer You!

The global smart water management market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.