The current Global Digital Water Solutions and Services market research report provides a comprehensive overview of various variables that influence the business portfolio, future outlook, present crisis analysis with significant innovations, and product service segmentation. The research analyzes key statistics on market size, major drivers, growth opportunities challenges, competitive analysis, and revenue share of leading corporations/industries/companies, namely -

-Intelliflux Controls Inc.

-Huawei Technologies Co. Ltd.

-IBM

-Siemens

-Xenius

-Minsait

-TaKaDu

-Others

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According to the research report, the Global Digital Water Solutions and Services Market is expected to expand at a CAGR of 12.65% during 2023-28.

Market Definition: Digital Water Solutions Services includes a wide range of products, technologies, and services integrated into a water management system. It involves the usage of hardware, software, data collection, data analytics, the Internet of Things (IoT), automation of knowledge work, and cloud-based technology solutions. This system provides real-time monitoring to act as a decision support system for water wastewater providers.

Key Drivers: The rising global population, along with the overuse of water resources to serve the growing demand is generating the need to save and efficiently utilize this scarce resource. Further, the lack of natural water sources extremely dry weather in some regions, such as the Middle East and Africa, etc., has been leading government agencies local authorities to develop programs on national local levels that include strategies, policies, regulations, and practices to maximize efficiency in water management. Thus, various governments are constantly raising their efforts to save water globally.

Also, an increasing number of companies are offering solutions systems that can help in reducing the wastage of water its optimum utilization. Thus, the role of digital water solutions in saving water coupled with government efforts due to rising water scarcity would strengthen the demand for such solutions services in the forecast period.

Growth Opportunities: Expansive Adoption of Selective Breeding in Animals

Digital water solutions involve the use of smart solutions such as artificial intelligence-enabled sensors, real-time monitoring tools, etc. The application of such solutions requires technically skilled staff that is qualified enough to handle operate such technologies. The gap between the supply demand of such technical proficiency in the existing workforce is restraining the market growth of these solutions.

Furthermore, the lack of sufficient technical staff is expected to impede the market in the coming years, as utility companies require an optimal number of technical workforce to serve the market proficiently.

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The Market segments are cited below:

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

Regional Landscape includes North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa

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Key Citations of the Research Report:

-Influential parameters driving or constraining Market growth

-The Market's response to the Covid-19 pandemic

-A thorough examination of the Market's shifting dynamics

-Assists in determining the profitability by providing thorough insights assessments of    various segments of the Market

-Key strategies adopted by market leaders to maintain their position in the Market

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