2024 Global Market Insights: Digital Water Management Solutions

"The Business Research Company a report, titled, 'Digital Water Solution Global Market Report 2024 - By Solutions (Hardware, Software, Services), By Technology (Metering And Customer Management, Network Management, Work And Asset Management, Plant Management, Information Management), By Utility Tier (Tier I, tier II, Tier III) - Market Size, Trends, And Global Forecast 2024-2033Digital Water Solution Global Market Report 2024 - By Solutions (Hardware, Software, Services), By Technology (Metering And Customer Management, Network Management, Work And Asset Management, Plant Management, Information Management), By Utility Tier (Tier I, tier II, Tier III) - Market Size, Trends, And Global Forecast 2024-2033'. According to the report, The digital water solution market size is expected to see rapid growth in the next few years. It will grow to $1.85 billion in 2028 at a compound annual growth rate (CAGR) of 14.1%.

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Report Coverage & Details:

• Forecast Period: 2024-2033
• Base Year: 2023
• Market Size In 2024: $1.09 billion
• Revenue Forecast In 2033: $1.85 billion
• CAGR: 14.1%

Global Digital Water Solution Market: Segmentation

The digital water solution market covered in this report is segmented -

1) By Solutions: Hardware, Software, Services
2) By Technology: Metering And Customer Management, Network Management, Work And Asset Management, Plant Management , Information Management
3) By Utility Tier: Tier I, tier II, Tier III

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Digital Water Solution Market Report: Growth Drivers
The growing necessity for managing limited water resources is anticipated to spur the growth of the digital water solutions market in the upcoming years. Scarcity of water resources refers to the condition where water availability falls short of the demand for it. Digital solutions can automate water management systems, optimizing distribution and minimizing waste through smart irrigation and leak detection technologies. For instance, UNICEF projected that around 700 million people could be displaced due to severe water scarcity by 2030, and one in four children worldwide will live in areas experiencing extreme water stress by 2040. Furthermore, in May 2023, UNESCO reported that around 2 billion people globally lack safe drinking water, and the urban population facing water scarcity is expected to rise to 2.4 billion by 2050. Therefore, the growing demand for managing scarce water resources is driving the digital water solutions market.

Key Developments:

Siemens Expands AI Portfolio And Water Sector Capabilities With Acquisition of BuntPlanet
In December 2023, Siemens, a Germany-based automation company, acquired BuntPlanet for an undisclosed amount. Through this acquisition, the acquisition of BuntPlanet adds value for Siemens by strengthening its AI portfolio, integrating with Siemens Xcelerator, expanding capabilities, and providing growth opportunities in the water sector. BuntPlanet is a Spain-based provider of artificial intelligence (AI) and digital solutions for water management.

Top Market Leader Included:

General Electric Company, The International Business Machines Corporation, Schneider Electric SE, SAP SE, ABB Ltd., Jacobs Solutions Inc., Minsait ACS, Grundfos, Itron Inc., Mueller Water Products Inc., Bentley Systems, Royal Haskoning DHV, Kamstrup, PowerPlan Inc., Copperleaf Technologies Inc., Space-Time Insight Inc., Aqueduct, Innovyze, Analytical Technology, Idrica, Assetic, TaKaDu, Intelliflux Controls, Atonix Digital LLC, Plutoshift

Digital Water Solution Industry: Regional Landscape

North America was the largest region in the digital water solutions market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital water solution market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the digital water solution market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

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What Does The Global Digital Water Solution Market Report Include?

1.Introduction
• Overview of the Digital Water Solution Market
• Comprehensive Analysis of Digital Water Solution Market

2. Digital Water Solution Market Drivers and Restraints
• Drivers and Restraints For Historic And Forecast Period

3. Digital Water Solution Market Segmentation
• By Drug Class
• By Indication
• By Distribution Channel

4. Competitive Landscape And Company Profiles In The Digital Water Solution Market
• Overview
• Products and Services
• Strategy

5. Digital Water Solution Market Regional And Country Analysis
• By Region
• By Country

6. Market Trends And Opportunities In Digital Water Solution Market
• Technological Advancements
• Emerging Trends

7. Digital Water Solution Market Future Outlook and Potential Analysis
• Growth Strategies
• New Opportunities

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