MarkNtel Advisors recently published a detailed industry analysis of the Digital Water Solutions and Services Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Digital Water Solutions and Services Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The Digital Water Solutions and Services Market is projected to grow at a CAGR of around 12.65% during the forecast period, i.e., 2023-2028
What are the major Driver the Digital Water Solutions and Services industry?
Surging Government Efforts to Save Water: The rising global population, along with the overuse of water resources to serve the growing demand is generating the need to save and efficiently utilize this scarce resource. Further, the lack of natural water sources & extremely dry weather in some regions, such as the Middle East and Africa, etc., has been leading government agencies & local authorities to develop programs on national & local levels that include strategies, policies, regulations, and practices to maximize efficiency in water management. Thus, various governments are constantly raising their efforts to save water globally.
Also, an increasing number of companies are offering solutions & systems that can help in reducing the wastage of water & its optimum utilization. Thus, the role of digital water solutions in saving water coupled with government efforts due to rising water scarcity would strengthen the demand for such solutions & services in the forecast period.
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What segments define the Digital Water Solutions and Services market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
- By Solutions
- Hardware
- Software
- Services
- Professional Services
- Consulting Services
- System Integration & Deployment Services
- Support & Management Services
- Managed Services
According to report, Among these, the software segment of the Digital Water Solutions market generated a significant amount of revenue for Global Digital Water Solutions & Services Market in the historical years.
- By Technology
- Metering & Customer Management
- Network Management
- Work & Asset Management
- Plant Management
- Information Management
According to report, Of these, the metering & customer management segment acquired a considerable share of the Global Digital Water Solutions & Services Market in the historical years.
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Geographical Analysis: Digital Water Solutions and Services Market
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Digital Water Solutions and Services Market Share & Competitive Landscape:
The Digital Water Solutions and Services Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Digital Water Solutions and Services Market are:
- Bentley Systems Inc.
- Innovyze Inc.
- Schneider Electric
- ABB Ltd.
- Atonix Digital
- Copperleaf Technologies Inc.
- Cognizant
- Intelliflux Controls Inc.
- Huawei Technologies Co. Ltd.
- IBM
- Siemens
- Xenius
- Minsait
- TaKaDu
- Others
Digital Water Solutions and Services Industry Recent Development:
- 2023: Siemens and Galliford Try, a UK construction group partnered to accelerate the integration of digital technologies across the lifestyle of water and wastewater projects. This was done to help water companies meet the regulatory, environmental, and operational pressures in modernizing their infrastructure while reducing time, cost, risk, and carbon.
Questions Addressed in this Study
1.What factors are driving the Digital Water Solutions and Services Market growth?
2.How is the Digital Water Solutions and Services Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Digital Water Solutions and Services Market?
4.What is the current size of the Digital Water Solutions and Services Market, and how is it projected to change in the future?
6.What is the future outlook for the Digital Water Solutions and Services Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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