According to a new market report published by Transparency Market Research (www.transparencymarketresearch.com) “Smart Water Management Market (Component Types - Hardware, Solutions, Services; Meter Read Technology - Fixed network, Cellular network) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019,” the global smart water management market was worth USD 4,813.3 million in 2012 and is expected to reach USD 15,232.6 million by 2019, growing at a CAGR of 17.7% from 2013 to 2019. North America was the largest market for smart water management in 2012. Growth in this region is expected to be driven by increasing investment by water utilities in smart water technologies and growing focus on smart irrigation and minimizing non revenue water over the forecast period. In addition, strict environmental standards mandated by water regulatory bodies across the globe, is expected to drive the market in near future.