2021 was a positive year for the water market, overall, with record levels of deals, but the digital water market saw mixed results in M&A and in the VC space. Bluefield discusses key trends that impacted digital water in 2021 and identifies opportunities expected for the year ahead. Although, supply chain disruptions, inflationary pressures, and growing geopolitical tensions pose downside risks, economic recovery from the COVID-19 pandemic and large-scale infrastructure stimulus funding packages across key global water markets should provide strong tailwinds for digital water providers.