CleverSet Q2 revenue down 47% YoY to $409.6mln, net loss widens.

• eShopperTools.com reported a net loss of $1.15M for the 6 months ended December 31, 2007. • Digital data revenue increased 17% YoY to $13.7M. • Total revenue decreased 2% to $16.9M. • Net loss per share was $0.12. • Cash and cash equivalents stood at $265.5K. • Fixed assets totaled $56.7M. • Other assets were $29.8M.

The digital water market is poised for substantial growth, driven by advancements in smart technologies and the increasing need for efficient water management. According to SNS Insider, the digital water market size was valued at USD 6.69 billion in 2024 and is expected to reach USD 16.29 billion by 2032, growing at a CAGR of 11.85% [1].

The global digital water market is being revolutionized by AI-powered technologies, including IoT, digital twins, and smart meters. These innovations enable real-time monitoring, predictive maintenance, and data-driven decision-making, addressing challenges such as water scarcity, regulatory changes, and aging infrastructure. The U.S. digital water market is projected to reach USD 1.57 billion in 2024 and USD 3.35 billion by 2032, growing at a CAGR of 9.99% [1].

North America led the digital water market in 2024 with a 38.61% revenue share, driven by rapid smart technology adoption, large-scale regulatory frameworks, and sustainability goals. Asia Pacific is projected to grow at the fastest CAGR of 13.14% from 2025 to 2032, led by China's urbanization and industrialization, with strong government support [1].

In the software segment, which holds the largest market share at 58.21%, demand for system integration and predictive modeling is increasing. The services segment is projected to grow at the fastest CAGR of 11.90% (2025–2032), fueled by needs for consulting, integration, and AI-enabled maintenance [1].

Key players in the digital water market include Schneider Electric, Xylem, Veolia, Siemens, and ABB, among others. Recent developments include Air Selangor's partnership with Schneider Electric to deploy digital twin technology, boosting productivity by 20%, and Veolia's joint venture with AI startup Alcom, Ekydra, focusing on AI-powered water management solutions [1].

References:
[1] https://www.globenewswire.com/news-release/2025/06/23/3103481/0/en/Digital-Water-Market-Size-to-Surpass-USD-16-29-Billion-by-2032-driven-by-the-rising-adoption-of-smart-technologies-to-enhance-water-efficiency-and-reduce-losses-SNS-Insider.html