The increasing awareness related to a diminishing of water reserves globally is demanding smart water management across various applications suc...

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The increasing awareness related to a diminishing of water reserves globally is demanding smart water management across various applications such as residential, commercial, industrial, and others. In recent times the growing adoption of internet of things (IoT), as well as artificial intelligence technologies, have overhauled the smart water management market. Furthermore, the emerging innovative solutions such as intelligent irrigation and network monitoring are anticipated to have the highest growth rate in the forecast period.

The sustainable use of energy resources and water conservation potential of smart irrigation systems are the major drivers for the growth of smart water management market. The increased awareness to protect natural resources and enhanced utility facility from enhancing potential are creating opportunities for the smart water management market in the coming years.

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The global smart water management market is segmented on the meter types, meter read technology, services, and solutions. Based on meter types, the market is segmented into AMR water meters, AMI water meters. On the basis of meter read technology the market is bifurcated into fixed network, and cellular network. Based on services the market is segmented into professional and managed services. Similarly, on the basis of solutions the market is bifurcated into smart irrigation management systems, enterprise asset management (EAM) for water and wastewater utilities, SCADA systems for water and wastewater utilities, meter data management (MDM), and others.

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