Northbrook, IL -- (SBWIRE) -- 09/15/2021 -- According to a new market research report "Smart Water Management Market by Water Meters (AMR & AMI), Solutions (EAM, Network Management, SCADA, Advanced Pressure Management, MDM, Smart Irrigation), Services, End User (Commercial & Industrial, Residential), and Region - Global Forecast to 2024" published by MarketsandMarkets™, the smart water management market size expected to grow from USD 11.7 billion in 2019 to USD 21.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 12.9% during the forecast period.

Key factors driving the market include supportive government regulations, growth of advanced technologies, deployment of Internet of Things (IoT) solutions across industries, and demand for creating a sustainable ecosystem to save water and optimize its use.

Browse in-depth TOC on "Smart Water Management Market"
106 - Tables
42- Figures
159- Pages

Browse Full Report @ https://www.marketsandmarkets.com/Market-Reports/smart-water-management-market-1265.html

By solution, the enterprise asset management sub segment to hold the largest market size during the forecast period

The enterprise asset management sub segment to hold the largest market size during the forecast period. Asset management solutions are remote monitoring solutions to assess the performance of water infrastructure assets deployed at various geographic locations. This solution is entitled to offer a comprehensive set of solutions to water utilities with which they can improvise the operation of water networks and minimize the non-revenue water losses

By end user, the residential segment to grow at the highest rate during the forecast period

The residential segment is one of the fastest growing segments of the smart water management market. Water utilities cater to the rising demand for quality water services with the increasing urbanization and lifestyle changes among people by deploying smart water solutions for the end user segment.

North America to hold the largest market size during the forecast period

North America is expected to account for the largest market size in the smart water management market by region during the forecast period. The region houses various solution providers that are constantly engaged in delivering innovative solutions. Increasing need to reduce costs associated with support maintenance of the aging infrastructure in North America, is expected to boost the adoption of smart water management technology in the region.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1265

The smart water management market comprises major solution providers, such as ABB (Switzerland), Arad Group (Israel), AquamatiX (UK), Badger Meter (US), Honeywell Elster (US), Huawei (China), HydroPoint (US), IBM (US), i2O (UK), Itron (US), Oracle (US), Landis+Gyr (Switzerland), Sensus (US), Schneider Electric (France), Siemens (Germany), Suez (France), SenzIoT (India), TaKaDu (Israel), Trimble Water (US), and XENIUS (India). The study includes an in-depth competitive analysis of key players in the smart water management market with their company profiles, recent developments, and key market strategies.

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
MnM Blog: https://mnmblog.org
Content Source: https://www.marketsandmarkets.com/PressReleases/smart-water-management.asp