Smart Water Management Market To Collect Hugh Revenues Due To Growth In Demand

The Global Smart Water Management Market is projected to reach a value of over USD 33.8 Billion by 2027 at a CAGR of around 15.4%.

Smart water management refers to the devices, software, technology, and services that are operated to manage water & wastewater utilities efficiently. Also, it is a process to collect, share, and analyze data from water networks and water equipment. Moreover, it provides a more resilient and efficient water supply system, which reduces cost and improves sustainability. The smart water management solutions help in efficient monitoring of the water supply & proper billing of the consumption.

Moreover, Smart water management solution providers are offering smart water technologies to help users in managing the shortage of water.

SMART WATER MANAGEMENT MARKET: DRIVERS & CHALLENGES

Market Driver:

Highly Adoption for the Internet of Things (IoT)

The technological advancements enable water operators to proactively control and manage

distribution systems and enhance efficiency, which is expected to favorably impact on the market. It helps to advance the water industries by smart irrigation process and water conservation process. Moreover, the IoT sensors are projected to determine the weather condition as well as the soil moisture which will benefit the operation efficiency and help to reduce cost. Furthermore, it can also detect and calculate the amount of chemical balance present in the water.

Hence, the high adoption of the Internet of Things (IoT) is anticipated to increase the growth of the market in the forecast period.

Get Sample Copy of This Report @ https://www.forencisresearch.com/smart-water-management-market-sample-pdf/

Increasing Cloud-Based Solution

The increasing cloud-based solutions helps to monitor the distribution network which may lead to enhance the demand of the market during projected period. Moreover, an intelligent urban water supply management provides water assets to the cloud services platform to improve analytics, operational efficiency, safety, and service availability of the overall system. It can also help to detect the quality of water and give a real-time solution. Furthermore, a smart irrigation system uses wireless technologies and cloud-based analytics which can help the framers to control the irrigation damage by determining the weather condition.

Therefore, cloud computing has led to the development and enhanced the new applications based on highly innovative which will grow the market in the forecast period.

Market Challenges:

Lack of Awareness for Smart Equipment

Due to a lack of awareness about smart equipment, smart technology, the user is not able to manage and operate it properly. Moreover, for the framer it is very difficult to adopt the new technology due to lack of skills and knowledge about the product. Furthermore, due to low connectivity in many developing countries which may also hamper the market growth. The lack of understanding about any equipment may increase in the risk factor which can impact the environment growth.

SMART WATER MANAGEMENT MARKET: KEY SEGMENTS

Based on Solution: Analytics and Data Management, Security, Smart Irrigation Management, Mobile Workforce Management, Network Management, and Others
Based on Services: Professional Services and Managed Services
Based on End-User: Commercial and Industrial, Residential and Utility
Based on Devices: Advanced Water Meters, Mater Read Technology, and Cellular Network
Based on Technology: Advanced Metering Infrastructure (AMI) and Automated Metering Reading (AMR)
Segmentation based on region covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis

Request for Methodology of This Report @

https://www.forencisresearch.com/smart-water-management-market-request-methodology/

SMART WATER MANAGEMENT MARKET: REPORT SCOPE

The report on the smart water management market covers a deep dive analysis of historic, recent and current market trends. furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

KEY COMPANIES COVERED

Siemens (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
ABB
IBM Corporation
Itron Inc.
Schneider Electric
Suez SA
Oracle
Sensus
Huawei Technologies Co., Ltd.
Other Key Companies

Consult with Analyst @

https://www.forencisresearch.com/smart-water-management-market-consult-with-an-analyst/

SMART WATER MANAGEMENT MARKET: REPORT SEGMENTATION

For the scope of the report, In-depth segmentation is offered by Forencis Research

Smart Water Management Market, by Solution

Analytics and Data Management
Security
Smart Irrigation Management
Mobile Workforce Management
Network Management
Others

Smart Water Management Market, by Services

Professional Services
Managed Services

Smart Water Management Market, by Devices

Advanced Water Meters
Mater Read Technology
Cellular Network

Smart Water Management Market, by Technology

Advanced Metering Infrastructure (AMI)
Automated Metering Reading (AMR)

Smart Water Management Market, by End-User

Commercial
Industrial
Residential

Smart Water Management Market, by Region

North America

US
Canada
Mexico

Asia-Pacific

China
India
Japan
South Korea
Rest of Asia-Pacific

Europe

Germany
UK
France
Italy
Rest of Europe

Middle East & Africa

Saudi Arabia
UAE
Rest of Middle East & Africa

South America

Brazil
Argentina
Rest of South America

Purchase this Premium Industry Research Report with Analysis @

https://www.forencisresearch.com/smart-water-management-market-purchase-now/

Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends – Porters Five Forces Analysis

6 GLOBAL SMART WATER MANAGEMENT MARKET BY SOLUTION, Market Size in USD Million (2019-2027)

7 GLOBAL SMART WATER MANAGEMENT MARKET BY SERVICES, Market Size in USD Million (2019-2027)

8 GLOBAL SMART WATER MANAGEMENT MARKET BY DEVICES, Market Size in USD Million (2019-2027)

9 GLOBAL SMART WATER MANAGEMENT MARKET BY TECHNOLOGY, Market Size in USD Million (2019-2027)

10 Competitive Landscape

11 Company Profiles

12 Appendix

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

Contact Us

FORENCIS RESEARCH

Phone: +1 (720) 306 9020

Email: [email protected]

For more market research insights, please visit https://www.forencisresearch.com