Digital Water Market Size, Key Factors, Major Players, Growth Strategies, Trends, Forecast
The global digital water market size reached USD 7.96 Billion in 2020 and is expected to register a revenue CAGR of 12.1%, during the forecast period, according to the latest analysis by Emergen Research. Increasing demand for quality water services, as well as government regulation favoring development of digital water, are some of the major factors driving global digital water market revenue growth. Revenue growth of the market is also expected to be driven by rising demand for replacing aging infrastructure due to technical advancements and rising trend of digitization of the utility sector. The current COVID-19 pandemic is expected to have an effect on the growth of the Digital Water industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the Digital Water sector is expected to feel the impact of the pandemic. The economic slowdown and dyna...