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Top Factor Driving Digital Water Solution Market Growth in 2025: Digital Water Solutions Addressing Global Water Scarcity Challenges And Driving Market Growth
Digital Water Solution Market
The escalating need for handling limited water resources is predicted to boost the expansion of the digital water solutions market in the future. Limited water resources pertain to a situation where supply can't keep up with demand. Digital tools have the capability to automate water infrastructure, perfecting the allocation of water and reducing waste through intelligent irrigation systems and technologies that detect leaks. As per the United Nations Children's Fund, a US-based United Nations Agency, approximately 700 million people may be displaced due to acute water shortage by 2030, and roughly one in four children worldwide is forecasted to inhabit regions experiencing high water stress by 2040. Moreover, The United Nations Educational, Scientific and Cultural Organization (UNESCO), a France-based agency dedicated to fostering global peace and safety, reported in May 2023 that worldwide, about 2 billion people lack access to safe drinking water. The number of urban dwellers grappling with water shortage is predicted to rise to 2.4 billion by 2050. As a result, the increasing necessity to handle limited water resources is stimulating the growth of the digital water solutions market.
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What growth opportunities are expected to drive the digital water solution market's CAGR through 2034?
The market size of digital water solutions has seen substantial growth in recent years. The market is projected to expand from $1.09 billion in 2024 to reach $1.25 billion by 2025, exhibiting a compound annual growth rate (CAGR) of 14.2%. Various factors such as the surge in digital data volume, rising data security concerns, global upsurge in data storage demand, the emergence of biotechnology firms, and government financial support for DNA research have contributed to the growth during the historic period.
The market size for digital water solutions is anticipated to witness a swift expansion in the forthcoming years, scaling up to a valuation of $2.12 billion by the year 2029 at a Compound Annual Growth Rate (CAGR) of 14.2%. The growth outlook for the forecasted period could be associated with factors such as the burgeoning data production across various sectors, incorporation with cloud-based storage, escalating involvement in the healthcare segment, explorations in archival storage solutions, and wider acceptance in the industry. The predicted period will see major trends comprising DNA data cards for individual storage, biological cryptography for augmented security, product novelty, the launch of new technologies and applications in cutting-edge computing environments.
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How are the latest trends influencing the growth of the digital water solution market?
Prominent organizations in the digital water solution industry market are concentrating on incorporating innovative technologies into their water treatment solutions to better meet market demands. AquiSense, a US water treatment and disinfection solutions company, provides a perfect example of this. In April 2023, they announced the launch of PearlAqua Deca 30C, a system for water disinfection. Designed for use in both large and small point-of-use applications, the PearlAqua Deca 30C is suitable for a wide range of uses, such as commercial and industrial water purification, home use, food and beverage processing, and soda machines among others. The system relies on UV-C LED technology to achieve an impressive 99.99% pathogen removal rate at four gpm (15 lpm), and boasts features such as automatic on-and-off switching, programmable alarm outputs, and dynamic power regulation.
Which growth-oriented segments of the digital water solution market are leading the industry's development?
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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What regions are leading the charge in 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 companies are at the forefront of innovation in the digital water solution market?
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
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What Is Covered In The Digital Water Solution Global Market Report?
• Market Size Forecast: Examine the digital water solution market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the digital water solution market for a structured understanding.
• Key Players Overview: Analyze major players in the digital water solution market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the digital water solution market.
• Segment Contributions: Evaluate how different segments drive overall growth in the digital water solution market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the digital water solution market.
• Industry Challenges: Identify potential risks and obstacles affecting the digital water solution market.
• Competitive Landscape: Review strategic developments in the digital water solution market, including expansions, agreements, and new product launches.
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