Global Smart Water Management Market Outlook: Embracing Technological Innovations from 2024 to 2032

The smart water management market was valued at USD 17.6 Billion in 2023 and is expected to grow CAGR at 11.8 % to reach USD 48.1 Billion by 2032.
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The smart water management market encompasses a range of technologies and solutions aimed at optimizing the usage, distribution, and conservation of water resources through data-driven insights and automation. This industry has witnessed significant growth in recent years, driven by increasing water scarcity concerns, aging water infrastructure, and the need for more efficient water management practices.

Smart water management systems leverage various technologies such as IoT sensors, data analytics, cloud computing, and machine learning algorithms to monitor water quality, detect leaks, optimize irrigation, and improve overall water distribution efficienc