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1. Smart Water Management: The Way Forward
As cities become more sophisticated, there is an increasing demand for smart
solutions to manage natural resources. Global population growth and urbanization
are two main drivers of the huge gap between availability and demand for water
resources. Furthermore, the world water supply is being strained by failing water
infrastructure. Smart water management has become a necessity due to these
factors.
Smart water management is a system that collects useful and actionable data about
a city's water flow, pressure, and distribution. Its fundamental purpose is to
guarantee that water transportation infrastructure and energy are properly handled.
Pressure management, smarter leakage strategies for water networks, smart
network operations and maintenance of the water cycle, smart water meter
technologies, and smart water quality monitoring are some of the most important
aspects of water management. Countries all throughout the world are becoming
aware of how important the water situation is. According to Technavio researchers,
the worldwide smart water management market was worth $7 billion in 2015 and is
predicted to be worth $16.73 billion by 2020, rising at a CAGR of 19%.
What’s driving the smart water management market?
1. Greater use of technology
Technology and smart water management go together. Several vendors are
examining water distribution methods, improving the water networking system, and
reducing operating expenses with the use of cutting-edge technology solutions. This

2. is why there has been an increase in water abstraction, treatment, and the
implementation of alternate water runoff management technologies in metropolitan
areas.
2. High operating costs
The rise in operational expenses caused as a result of poor water infrastructure is
one of the key issues confronting most developing countries today. These nations
are looking for methods to save costs, particularly those associated with leak
monitoring, chemicals, and energy pumping, which has prompted them to adopt
smart watering systems.
3. Demand-supply mismatch
Due to a mismatch in water demand and availability, which has resulted in uneven
distribution, the twenty-first century is commonly referred to as "the water century."
Freshwater found in rivers, lakes, and other bodies of water makes up only 0.01
percent of the total water supply in the world. This will probably not be enough to
meet the increased demand for water, especially in emerging countries. This is
where firms that specialize in smart water management may help. These businesses
are searching for solutions to enhance water quality as well as satisfy their water
demand.
Aside from the three mentioned factors, the rising trend of employing smart water
meter technology and the introduction of real-time monitoring are both contributing to
the global smart water management market's growth.