Global IoT Market in Portable Water Monitoring 2017-2021 - Growth at CAGR of 16.85%

The global IoT market in potable water monitoring to grow at a CAGR of 16.85% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the Global IoT Market in Potable Water Monitoring for 2017-2021. To calculate the market size, the report considers new installations of new solutions, retrofit of existing solutions, replacement of non-functional parts, and aftersales services. The report also includes a discussion of the key vendors operating in this market.

According to the report, one driver in the market is prominent benefits of smart meters over traditional meters. Smart meters have significant applications in the IIoT networks. Smart meters can measure energy and water consumption, and can exchange data over communication networks. Traditional meters are only capable of measuring the consumed amount. However, smart meters can map real-time consumption of resources in the facility at any point of time. Therefore, smart meters allow users to make use of energy efficiently and save money and prevent carbon emissions.

One trend in the market is increasing adoption of smart sensors. A smart sensor is a device that collects input from the environment and compares them with the output data to perform predefined functions. It provides advantages such as facilitating reduced interconnecting wires. It also offers increased reliability and helps improve a facility's performance. These flexible systems need rugged packaging and are easy to use and maintain.

Further, the report states that one challenge in the market is lack of awareness regarding benefits of IoT. The IoT is an emerging technology and is witnessing a high demand among large industries. However, many small- and medium-sized enterprises are still unaware of this modern technology. Most of the water utilities are unaware of the availability of new advanced tools, which will assist processes in incorporating real-time monitoring, in the market. There are many orthodox enterprises that believe in continuing with traditional systems, neglecting benefits from advanced technologies.

Key vendors

Other prominent vendors

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Solutions

Part 07: Market Segmentation By Application

Part 08: Geographical Segmentation

Part 09: Key Leading Countries

Part 10: Decision Framework

Part 11: Drivers And Challenges

Part 12: Market Trends

Part 13: Vendor Landscape

Part 14: Key Vendor Analysis

Part 15: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/7p5jr8/global_iot_market

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