According to Bluefield Research, the water sector will spend more than $20 billion in metering, data management and analytics globally by 2025, as cutting-edge, smart water solutions continue to gain traction with municipal water utilities that see data and analytics as tools for addressing aging infrastructure.
At the root of this change is the mounting financial pressure that is forcing water utilities and municipalities to do more with less. This has sparked an uptick in demand for innovative solutions to more cost-effectively manage billing and customer management, leakage rates, and energy consumption.
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