Global Water Management and Data Analytics Market

Significant Growth Projections:

• Increasing Demand for Clean Water: With the global population continuing to rise, the demand for clean and safe drinking water is escalating. According to the United Nations, by 2025, half of the world’s population will live in water-stressed areas. This growing need drives the market for innovative water management solutions that can ensure efficient and equitable distribution of water resources.

• Data-Driven Solutions: The worldwide big data analytics market, which was valued at $198.08 billion in 2020 and is expected to reach $684.12 billion by 2030, is revolutionising industries by leveraging data to provide critical insights, such as in water management where it enhances efficiency and sustainability through better monitoring and predictive maintenance.

• Market Size: The smart water management market is projected to grow a compound annual growth rate (CAGR) of 12.4% from 2021 to 2026, reaching $42.76 billion by 2026. This growth is propelled by technological advancements and increased investments in water infrastructure.