Digital Water Solutions and Services Market Research

A recent research report published by MarkNtel Advisors reveals that the Digital Water Solutions and Services Market is projected to register 12.65% CAGR during 2023-28.  The report encompasses a comprehensive analysis of the industry, entailing latest trends, developments, drivers, restraints, challenges, & opportunities, along with its projected growth trajectory through all segments & geographies in the future.

In the analysis, stakeholders can find insights into the major aspects that are primarily contributing to the swift market expansion, wherin the information is presented in the form of diagrams, pie charts, tables, graphs, & other pictorial representations. Using these representations, the investors can understand the changing dynamics of the Digital Water Solutions and Services Market and plan & lay out strategies to expand their visibility, product portfolio, & customer base and generate massive revenue in the industry.

The historical period considered in the study is 2018-21, the base year 2022, and the forecast period, as cited above, is 2023-28.

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Key Reasons to Buy this Analysis

-This report is a thorough compilation of factors responsible for driving the Digital Water Solutions and Services Market dynamics, projecting its prominent drivers, growth restraints, opportunities, challenges, and emerging and high-potential segments & geographies, among others.

-The study also presents a detailed review of the leading companies operating in the Digital Water Solutions and Services Market, where analysts have closely profiled leaders and put together data comprising their profiles, recent developments, prominent business strategies, initiatives, and mergers & acquisitions, among other parameters.

-Stakeholders or investors can get a hold of a detail-driven, accurate, and reliable information associated with the latest trends in the industry and strategically plan their investments in the future. 

-Nonetheless, with the availability of estimation of funds put in by private firms & governments for the swift expansion of this industry along with insights into market expansion across each segment & geographic location, is also covered in this report.

Key Trend: Emergence of Digital Twin Concept to Support Water Infrastructure

Digital Water Solutions & Services Market is witnessing the emergence of the concept of digital twins in recent years. This is in response to rapid urbanization which is further necessitating the planning and development of water utility infrastructure. Digital twins allow utility workers to visualize an asset, check its status, and perform analyses and simulations. This further enables water utility providers to better understand the past and current performance of water systems as well as to predict future performance and assess the impact of potential changes in the virtual world beforehand. Thus, more and more players are adopting this technology in their services. For instance:

In 2022, Bentley Systems, an infrastructure engineering software company launched expansions for its iTwin Platform, an open, scalable cloud service for creating, visualizing, and analyzing digital twins of infrastructure assets. This was done to enhance & extend the scope and interoperability of infrastructure data that engineering firms and owner-operators can use to create and leverage digital twins in design, construction, and operations workflows.

Thus, digital twin technology has been gaining popularity among water & wastewater utility providers in recent years owing to innovations to strengthen the water infrastructure and is expected to support the growth in demand for such solutions in the forecast period, 2023-2028.

Digital Water Solutions and Services Market Segmentation:

The segmentation analysis in the report enlighten s stakeholders with information upon light the overall performance of the Digital Water Solutions and Services Market across different segments & geographies, using which they can strategize their investments to expand the brand visibility, product portfolio, & customer base and yield significant profits in the coming years.

Market Divided into, By Solutions

-Hardware

-Software

-Services

–Professional Services

–Consulting Services

–System Integration & Deployment Services

–Support & Management Services

–Managed Services

Market Divided into, By Technology

-Metering & Customer Management

-Network Management

-Work & Asset Management

-Plant Management

-Information Management

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The Digital Water Solutions and Services Market is highly fragmented, and geographically, it expands across:

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

Competitive Landscape of the Digital Water Solutions and Services Market

This most prominent section of the report entails detailed insights into company profiles, investments & revenue generated, strategic initiatives, geographical presence, and production or service capacities, among other aspects. Every information stated here is a result of a thorough examination of key players & their hold in the industry to enable investors to make informed decisions in the future.

-Bentley Systems Inc.

-Innovyze Inc.

-Schneider Electric        

-ABB Ltd.

-Atonix Digital

-Copperleaf Technologies Inc.

-Cognizant

-Intelliflux Controls Inc.

-Huawei Technologies Co. Ltd.

-IBM

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Note: MarkNtel Advisors also provides customized reports with unique insights into the industry. Our dedicated analysts & domain-specific specialists seek to add value while customizing the reports tailored to the specific requirements of our clients so that they can make informed decisions before investing in the market.

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