Increasing Water Scarcity Driving The Growth Of The Market Due To Rising Demand For Efficient Resource Utilization: Critical Driver Shaping the Global IoT In Water Management Market in 2025

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What Is the Expected CAGR for the IoT In Water Management Market Through 2025?
The market size of IoT in water management has witnessed a fast-paced expansion in the recent past. The growth is projected to escalate from $10.29 billion in 2024 to $11.75 billion in 2025, with a compound annual growth rate (CAGR) of 14.2%. This phenomenal growth during the historic period can be associated with surging demand for effective management of water resources, the emergence of smart cities, and the implementation of intelligent water meters for real-time data on usage. Furthermore, beneficial regulatory frameworks that encourage sustainability and minimize water wastage, coupled with government initiatives and the incorporation of smart sensors and analytics for operational efficacy and regulatory adherence, have further propelled this growth.

What's the Projected Size of the Global IoT In Water Management Market by 2029?
The forecasted expansion of the IoT in water management market is set to see a swift surge in the upcoming years, expected to reach a value of $20.08 billion by 2029, with a CAGR of 14.3%. This anticipated development through the forecast period is linked to a growing usage of intelligent irrigation systems for exact farming and water conservation, an escalated global consciousness about the environment, the adoption of intelligent water meters, the use of IoT in exact agricultural practices, and an increased trend towards smart city initiatives. Some key trends for the projection period include the implementation of smart water meters for accurate measurements, the application of IoT in precision farming, a rise in government support for IoT-based water conservation strategies, the broadening of smart city initiatives increasing demand for IoT in water management, and advancements in sensor technologies and machine learning to improve data collection, analysis and forecasting.

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Top Growth Drivers in the IoT In Water Management Industry: What's Accelerating the Market?
The surge in water scarcity is projected to boost the growth of the IoT in the water management market. Water scarcity pertains to an inadequate supply of freshwater to satisfy the needs of a particular populace, area, or ecosystem. Climate change exacerbates water scarcity, leading to changed precipitation patterns, extended droughts and diminished freshwater availability, causing strain on water resources. IoT in water management serves to mitigate water scarcity through real-time tracking, leak identification, efficient irrigation, and intelligent resource distribution. For example, in March 2024, the United Nations Environment Programme (UNEP), an intergovernmental organization based in Kenya, reported that a minimum of 4 billion people endure water shortages for a minimum of one month per annum. Additionally, by 2025, roughly 1.8 billion people are expected to experience absolute water scarcity. Thus, the rising water scarcity is promoting the growth of the IoT in the water management market.

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What Trends Will Shape the IoT In Water Management Market Through 2029 and Beyond?
In the IoT water management industry, leading corporations are prioritizing technological innovation, such as real-time data analytics, to boost water conservation, maximize resources, elevate operational productivity, and facilitate predictive maintenance. The process of real-time data analysis involves the ongoing collection, processing, and understanding of data, which allows for immediate decision-making and action. For instance, Vedanta Aluminium, an aluminium manufacturer based in India, incorporated IoT technology into its power plants in November 2022 to assess cooling water quality and lower overall water usage. The IoT system examines real-time data, suggesting water parameters that extend reuse cycles and promote conservation. This technology has resulted in superior water quality, diminished scaling and corrosion, and enhanced the efficiency of the power plant's operations. This is a component of Vedanta's wider plan to digitally transform, better manage resources, and excel in the manufacturing sector.

What Are the Main Segments in the IoT In Water Management Market?
The iot in water managementmarket covered in this report is segmented -

1) By Component: Hardware, Software, Services
2) By Technology Adoption: Cloud-Based Solutions, Edge Computing, Hybrid Systems
3) By Application: Water Quality Monitoring, Water Leakage Detection, Water Level Monitoring, Water Usage Monitoring, Other Applications
4) By End-Users: Residential, Commercial, Industrial, Agricultural

Subsegments:

1) By Hardware: Smart Water Meters, Sensors, IoT Gateways, Water Level Monitoring Devices, Leak Detection Devices
2) By Software: Water Quality Monitoring Software, Data Analytics And Visualization, Remote Monitoring And Control, Predictive Maintenance Solutions, Cloud-Based Water Management Platforms
3) By Services: Consulting And Deployment Services, System Integration Services, Managed Services, Maintenance And Support Services, Real-Time Monitoring Services

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Which Top Companies are Driving Growth in the IoT In Water Management Market?
Major companies operating in the IoT in water management market are Microsoft Corporation, Siemens AG, International Business Machines Corporation (IBM), Cisco Systems Inc., Schneider Electric SE, Honeywell International Inc., ABB Ltd., Toshiba Corporation, Xylem Inc., Grundfos Holding A/S, Trimble Inc., Itron Inc., Landis+Gyr Group AG, SMEC Holdings Limited, Bentley Systems Incorporated, Badger Meter Inc., Kamstrup A/S, Mueller Systems LLC, Ayyeka Technologies Ltd., Sensoterra B.V., Hydrific Pty Ltd., Subeca Inc., HydroPoint Data Systems Inc., Aquiba Pty Ltd.

Which Regions Will Dominate the IoT In Water Management Market Through 2029?
North America was the largest region in the IoT in water management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the IoT in water management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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