$13.8 Bn Smart Water Management Market - Global Growth, Trends, Forecasts Report 2020-2025 - ResearchAndMarkets.com
Summary
DUBLIN--(BUSINESS WIRE)--The "Smart Water Management Market - Growth, Trends, Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.coms offering. The UN World Water Development Report suggests that by 2050, a quarter of the people would reside in an area affected by the recurring and chronic scarcity of freshwater. The need for smart water management aligns with predicting failure to allow governments and interested parties to do preventive maintenance, thus saving the considerable cost of replacing infrastructure. Predictive modeling, leak protection, water pressure monitoring, and smart metering are some of the technologies that have come up in the market to address such issues. Owing to the emergence of new startups in IoT and AI-based offerings, the market is witnessing intensifying competitive rivalry, which is expected to increase during the forecast period.