Digital Water Solutions Market Research Report - Global Forecast till 2027

Digital Water Solutions Market Information Report by Technology (Metering & Customer Management, Network Management, Work & Asset Management, Plant Management and Information Management), Solution Type (Hardware, Software and Services), Utility Tier (Tier 1, Tier 2 and Tier 3) and by Region - Forecast till 2027

ID: MRFR/E&P/8539-HCR | February 2021 | Region: Global | 111 pages

Digital Water Solutions Market Scenario


Digital Water Solutions Market size is projected to reach USD 1.26 Billion by 2026, at a CAGR of 12.01% between 2020 and 2026.


The major factors driving the growth of the global digital water solutions market are the rising demand for quality water services and the rising digitalization of the utility sector. Power utilities are focusing on reducing carbon emissions and developing smart water solutions, which is expected to drive the digital water solutions market during the forecast period. However, the lack of a digitally skilled workforce is a restraining factor for the growth of the global digital water solutions market.


Key Players


The key players operating in the global digital water solutions market are Bentley systems (US), Innovyze (US), Schneider Electric (France), Minsait, Atonix Digital (US), Plutoshift (US), Assetic (Australia), ABB (Switzerland), Space-Time Insight (US), Aqueduct (US), PowerPlan (US), Copperleaf Technologies (Canada), Intelliflux Controls (US), TaKaDu (Israel), and Analytical Technology, Inc. (US).


Many major players such as Schneider Electric (France), ABB (Switzerland), Bentley Systems (US), and others are actively participating in digital water solution development projects. For instance, in April 2019, Bentley Systems (US) signed an agreement with Digital Water Works (US) to invest in superior infrastructure digital twin solutions for investor-owned and municipal water and wastewater utilities worldwide. Such developments in the market are expected to drive the growth of the global digital water solutions market during the forecast period.


The global digital water solutions market has been segmented based on technology, solution type, and utility tier. Based on technology, the global market is segmented into metering & customer management, network management, work & asset management, plant management, and information management. The metering & customer management segment is expected to hold the largest share of the market and grow at the highest rate during the forecast period. However, the network management segment is projected to hold the second largest share during the forecast period in the digital water solutions market. Based on the solution type, the market is segmented into hardware, software, and services. The software segment is estimated to grow at the fastest rate during the forecast period due to the rising adoption of analytical solutions for digital water management. Based on utility tier, the global digital water solutions market has been divided into tier 1, tier 2, and tier 3. The tier 1 segment is expected to hold the largest share within the global digital water solutions market.


Market Segmentation


Digital Water Solutions Market


The global digital water solutions industry is expected to witness high growth during the forecast period owing to the rising need to replace aging water infrastructure, which is expected to drive the demand for the digital water solutions market during the forecast period.


Digital water solutions refer to the ecosystem comprising of a wide range of products and technologies leveraged by water & wastewater providers, including hardware, software, services, Information Technology (IT), data collection, analytical tools, and cutting-edge technologies such as artificial intelligence and machine learning. Digital water solutions are also known as smart water or the Internet of water. With the help of digital water technology, emerging economies can develop and manage off-grid and localized water systems and create dynamic models that can help in integrating smart pumps, valves, sensors, and other intelligent devices and send real-time data of water systems.


Based on region, the global digital water solutions market is segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. North America holds the largest market share as it has the highest number of in-house companies providing various products and services for digital water solutions. Also, the need to replace aging infrastructure in North America is driving the growth of the regional market. Moreover, the digital water solutions market in Asia-Pacific is expected to grow at the fastest rate during the forecast period, mainly due to the increasing urbanization, rising demand for water, and the adoption of the Internet of things and other advanced technologies.


Intended Audience



  • Government and Research Organizations

  • Consulting Companies in the Digital Water Solutions Market

  • Raw Material Suppliers

  • Research Consultants

  • Investors and Shareholders



Report Scope:
Report Attribute/Metric Details
  Market Size   2026: USD 1.26 Billion
  CAGR   12.01% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Technology, Solution Type and Utility Tier
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Bentley systems (US), Innovyze (US), Schneider Electric (France), Minsait, Atonix Digital (US), Plutoshift (US), Assetic (Australia), ABB (Switzerland), Space-Time Insight (US), Aqueduct (US), PowerPlan (US), Copperleaf Technologies (Canada), Intelliflux Controls (US), TaKaDu (Israel), and Analytical Technology, Inc. (US)
  Key Market Opportunities   Lack of a digitally skilled workforce
  Key Market Drivers

  • The rising demand for quality water services
  • The rising digitalization of the utility sector


  • Frequently Asked Questions (FAQ) :


    The global digital water solutions market size can reach USD 1.8 billion by 2026.

    The global digital water solutions market is expected to exhibit 12% CAGR from 2020 to 2026.

    Rising digitalization of utilities, demand for quality water services, and solutions focused on reducing carbon emissions will drive the growth of the global digital solutions market.

    Lack of digitally skilled workforce can hamper the global digital water solutions market growth.

    Aqueduct, PowerPlan, Innovyze, Assetic, Bentley Systems, ABB, Analytical Technology, Inc., Minsait, Atonix Digital, Space-Time Insight, Plutoshift, Schneider Electric, TaKaDu, Copperleaf Technologies, and Intelliflux Controls are key service providers in the global digital water solutions market.