Global Smart Water Management Market to reach USD 11.37 billion by 2027.Global Smart Water Management Market is valued approximately USD 5.44 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 11.1 % over the forecast period 2021-2027. Smart Water Management is the important process due to rising water scarcity and need for water conservation around the world. And rapid urbanization is one the factor that drives growth of smart water management. According to the UN World Water Development report 2021, over 2 billion people live in water-stressed areas. About 3.4 billion people or 45% of the world's population do not have access to safety sanitation facilities. Further, it is estimated, that the world would face a 40% global water deficit by 2030. Furthermore, rising in number of smart cities is expected to create substantial business opportunities for smart water management solution providers. However, there is lack of skilled workforce which will impedes the growth of the market over the forecast period of 2021-2027. Also, there is increasing role of smart water management in the smart city revolution that is likely to increase the market growth during the forecast period.

The regional analysis of global Smart Water Management market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the significant region across the world in terms of market share owing to the increasing demand for sustainable energy solution. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027. Factors such as urbanization and rising number of smart cities in the region and it is expected to create substantial business opportunities for smart water management solution providers and would create lucrative growth prospects for the Smart Water Management market across Asia-Pacific region.

Major market player included in this report are:
Siemens
IBM
ABB
Honeywell Elster
Schneider
Electric
Itron
SUEZ
Trimble Water
Badger Meter
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Offering:
Water Meters
Solutions
Services
By Water Meters:
AMR Meters
AMI Meters
By Solutions Meters:
Enterprise Asset Management
Analytics and data management
Security
Smart irrigation management
Advanced pressure management
Mobile workforce management
Network management
Customer information system and billing
Leak detection
Other Solutions
By Services Meters:
Professional Services
Managed Services
By End-Users:
Commercial and industrial
Residential
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Smart Water Management Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors