Digital Water Market valued at USD 1.6 Billion by 2025

Description

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.

Digital Water Market Overview 

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.

Factors Affecting the Digital Water Market over the Forecast Period

• The increasing digitization and the growing need for quality water services are the key factors driving the global digital water market growth.
• Increasing focus on reducing carbon emissions and creating smart water solutions is another factor that will boost the digital water market growth.
• Major companies and enterprises invest worldwide in superior digital twin infrastructure technologies for urban water and wastewater utilities, generating numerous growth opportunities for market growth.
• For the global digital water market, the scarcity of digitally trained employees is the main restraint.
• Hardware failures and software errors/bugs in the digital water are expected to impede the global market's growth.
• The lack of awareness and challenging architecture are posing significant challenges to the global digital water market.

Impact of COVID-19 on Digital Water Market

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.

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Digital Water Market: Scope of the Report

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 –

• Metering & Customer Management
• Network Management
• Work & Asset Management
• Plant Management
• Information Management

Based on the component, the digital water market has been segmented into –

• Hardware
• Software
• Services

Based on the end-user, the digital water has been segmented into –

• More than 250,000 Population Served
• 50,000 To 250,000 Population Served
• 3,300 To 50,000 Population Served

Digital Water Market: Geographical Outlook

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.

Key Digital Water Market Competitors

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 –

• Bentley Systems Incorporated 
• Innovyze 
• Schneider Electric 
• Minsait (Indra)
• Atonix Digital 
• Plutoshift 
• Assetic 
• ABB Limited
• Space-Time Insight 
• Aqueduct 
• PowerPlan 
• Copperleaf Technologies Incorporated
• Intelliflux Controls 
• TaKaDu 
• Analytical Technology Incorporated

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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Digital Water Market Regional Analysis Includes:

• North America (US, Canada, Mexico)
• South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe) 
• Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific) 
• The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)

Digital Water Market: Target Audience

• Digital Water manufacturers 
• Trade publications and magazines
• Government authorities, associations, and organizations

Key Issues Addressed

• What is the market size by various segmentation of the digital water by region and its respective countries?
• What are the customer buying behavior, key takeaways, and porter's 5 forces of the digital water market?
• What are the key trends and opportunities for OE and tier 1 suppliers in the digital water market?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technology solutions influencing market trends? How will existing service providers adapt to the shift in technology trends?
• What will be the impact of cutting-edge autonomous technology on the digital water market?
• What is the impact of covid-19 on the demand and sales of digital water in the global market?
• Detailed analysis of the competitors and their latest launch, and what are the leading startups introduced in the target market?
• Company profiles