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Water is an essential service for the sustainable development and economic competitiveness of any country. The global water demand has increased substantially due to economic development, climate change, and rising population. The Internet of Things (IoT) and Information and Communication Technologies (ICT) can help conserve available water resources. Smart cities apply IoT to boost the performance and efficiency of urban facilities. Smart cities are towns created to use IoT and ICT (innovative technologies) such as smart water applications. Several studies on smart water technology have been conducted, but there is a need to review current research that leverages the IoT as a communication technology to design effective smart water applications. This review paper is aimed at presenting evidence on the current design of smart water applications. The study also covers publication statistics to increase collaboration between stakeholders. Findings show that various technologies such as microcontrollers, embedded programming languages, sensors, communication modules, and protocols are used by researchers to accomplish their aim of designing IoT-based smart water solutions. None of the publications employed the 5G mobile networks as a communication module for their smart water application development. Findings further show that the integration of 3D printing and solar energy into IoT-based smart water applications is revolutionary and can increase the sustainability of the systems. Future directions required to ensure that developed smart water applications are widely adopted to help conserve and manage water resources are suggested. [ABSTRACT FROM AUTHOR]