Press release
Digital Water Market Size, Share, Demand, Comprehensive Analysis [2020-2028] | Emergen Research
Digital Water Market | Emergen Research
Digital transformation is one of the major positive factors for advancements across the utility sector. Leading companies offer cloud-based smart systems that help to increase productivity by providing easier and more efficient monitoring, handling, management, and maintenance of various systems. It helps to understand the exact problem with the help of cloud-based software, sensors, analytics, and technical teams.
However, cybersecurity-related concerns related to using digital platform and lack of skilled labor workforce are factors expected to hamper growth of the global digital water market over the forecast period.
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Some Key Highlights from the Report
Software segment revenue is expected to register a significantly rapid CAGR during the forecast period due to increasing use of Artificial Intelligence (AI) software solutions for waste water treatment and associated applications and functions. Distribution of clean drinking water is a primary objective. Based on AI, software is designed to track and manage sewage throughout an entire city, detect pollution events, and aid in radically reducing overall costs.
Network management segment is expected to register a significantly robust revenue growth rate over the forecast period. Network management is an efficient process that helps in monitoring drinking water and wastewater with maximum transparency. It allows real-time monitoring of Key Performance Indicators (KPIs) and provides a comprehensive visualization of all water flows, guarantees complete transparency in all water networks, and helps optimize all processes where all the sensors gather valuable information.
North America is expected to account for a larger revenue share than other regional markets over the forecast period due to increasing need for replacing aging infrastructure. Besides, presence of major companies such as Bentley Systems, Inc., Innovyze, Inc., Atonix Digital, Plutoshift, Inc., SpaceTime Insight, Inc., and others boosting growth of the global digital water market.
Some major companies in the market report include Bentley Systems, Inc., Innovyze, Inc., Schneider Electrics Industries SAS, Atonix Digital, Plutoshift, Inc., Assetic, SpaceTime Insight, Inc., Copperleaf Technologies Inc., Huawei Technologies Co. Ltd., and Xenius.
In September 2021, Bentley System Inc. announced that its Seequent business unit acquired Minalytix, which is the developer of MX Deposit. It extends Seequents's cloud capabilities and solutions for mining, greenfield explorations, resource development, and mining production.
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Emergen Research has segmented the global digital water on the basis of solution type, technology, utility tier, and region:
Solution Type Outlook (Revenue, USD Billion; 2018-2028)
Hardware
Software
Services
Technology Outlook (Revenue, USD Billion; 2018-2028)
Metering & Customer Management
Network Management
Work & Asset Management
Plant Management
Information Management
Utility Tier Outlook (Revenue, USD Billion; 2018-2028)
Tier 1
Tier 2
Tier 3
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Regional Outlook (Revenue, USD Billion; 2018-2028)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
The report covers the following chapters:
Executive Summary - The executive summary section of the report gives a brief overview and summary of the report
Report Structure - This section gives the structure of the report and the information covered in the various sections.
Introduction - The introduction section of the report gives brief introduction about segmentation by geography, segmentation by type and by interest rate.
Market Characteristics - The market characteristics section of the report defines and explains the Digital Water market. This chapter also defines and describes goods and related services covered in the report.
Supply Chain - The supply chain section of the report defines and explains the key players in the Digital Water industry supply chain.
Product/Service Analysis - The product/service analysis section of the report describes the leading products/services in the Digital Water market along with key features and differentiators for those products/services.
Customer Information - This chapter covers recent customers' trends/preferences in the global Digital Water market.
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