Press release
Shaping the Digital Water Solution Market in 2025: Revolutionizing Water Treatment Through Disinfection System
Shaping the Digital Water Solution Market
The digital water solution market will grow from $1.09 billion in 2024 to $1.25 billion in 2025, at a CAGR of 14.2%. Growth drivers include the increased volume of digital data, rising concerns over data security, growing demand for data storage, and government funding for DNA research.
The digital water solution market is expected to grow rapidly, reaching $2.12 billion by 2029 with a CAGR of 14.2%. This is due to the growing data generation across industries, cloud storage integration, adoption in healthcare, the exploration of archival storage solutions, and broader industry acceptance. Key trends include DNA data cards for personal storage, biological cryptography for enhanced security, product innovations, and applications in edge computing environments.
What Are the Primary Growth Drivers for the Digital Water Solution Market?
The growing demand for managing scarce water resources is expected to drive the growth of the digital water solutions market. As water scarcity affects millions worldwide, digital solutions such as smart irrigation systems and leak detection technologies can optimize water usage, reducing wastage. By 2030, around 700 million people may face displacement due to severe water scarcity, and by 2040, one in four children will live in areas experiencing extremely high water stress. Therefore, the need for efficient water management is pushing the adoption of digital water solutions.
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Who Are the Dominant Companies Influencing Digital Water Solution Market Trends?
Major companies operating in the digital water solution market report are 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
What Are the Different Segmentations in the Digital Water Solution Market?
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
Subsegments:
1) By Hardware: Smart Water Meters, IoT Sensors, Water Quality Monitoring Devices
2) By Software: Water Management Software, Data Analytics Platforms, Asset Management Solutions
3) By Services: Consulting Services, Installation And Maintenance Services, Training And Support Services
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Which Region Is at the Forefront of the Digital Water Solution Market?
North America was the largest region in the digital water solutions market in 2024. 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.
What Is Covered In The Digital Water Solution Global Market Report?
- Market Size Analysis: Analyze the Digital Water Solution Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Digital Water Solution Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Digital Water Solution Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Digital Water Solution Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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