Digital Water Market: by Technology (Metering & Customer Management, Network Management, Work & Asset Management, Plant Management, Information Management), by Component (Hardware, Software, Services), by End User, and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)
The digital water market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating in the global market. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region wise and segment-wise market share/growth analysis. The report's study will outlook one of the most exhaustive analyses of the market, capturing all the aspects of the digital water industry.
During the forecast period (2020-2025), the digital water market size is expected to register a CAGR of 11.8% and is estimated to reach USD 1.60 billion by 2025. The software segment's growth is gaining momentum across the globe, backed by the growing adoption of analytical solutions. Further, digital solutions are increasing due to the rising need to replace aging water infrastructure and increase digitization. These factors would accelerate the growth of the global digital water market over the forecast period.
A rapid spread of COVID-19 has a severe effect on the digital water market, as this pandemic boosts digitalization in the global market and introduces new and innovative technologies. To limit its people's movement and monitor the pandemic's spread, the government also supports digital solutions.
The report outlines the global digital water market study based on technology, component, and end-users.
Based on the technology, the digital water market has been segmented into –
Based on the component, the digital water market has been segmented into –
Based on the end-user, the digital water has been segmented into –
Five geographical regions have been segmented into the global digital water market, North America, Asia Pacific, South America, Europe, and the Middle East and Africa. North America holds the largest share in the global digital water market, followed by Europe and the Asia Pacific. The increasing need to replace aging infrastructure in North America is driving the growth of the regional market. Furthermore, over the forecast period, Asia Pacific is expected to project the highest CAGR in the global market.
The global digital water market is highly fragmented, with the presence of a large number of players across the globe. The key players operating in the global digital water include –
The digital water market report provides a thorough analysis of macro-economic factors and every segment's market attractiveness. The report will include an in-depth qualitative and quantitative assessment of segmental/regional outlook with the market players' presence in the respective segment and region/country. The information concluded in the report includes the inputs.
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