Smart Water Management Market to Surges Toward $52.15 Billion, At a 10.4% CAGR Through 2032 Driven by IoT and AI | Report by MarketsandMarkets™

MarketsandMarkets forecasts the smart water management market will surge from $25.31 billion in 2025 to $28.84 billion in 2026, reaching $52.15 billion by 2032, for a 10.4% CAGR through 2032. Growth is being driven by water scarcity concerns, aging infrastructure, and tighter regulations, prompting utilities and municipalities to invest in smart meters, sensors, analytics, and IoT-enabled monitoring to reduce non-revenue water and improve operational performance. The report says connected technologies support continuous monitoring of water quality, pressure, leakage, and consumption patterns, enabling predictive maintenance, faster leak detection, demand forecasting, and better resource allocation. By hardware, smart water meters are expected to hold the largest share, aided by AMI/AMR deployments and smart city initiatives.