Soil moisture is widely recognized as a key parameter in the mass and energy balance between the land surface and the atmosphere and, hence, the potential societal benefits of an accurate estimation of soil moisture are immense. Recently, scientific community is making great effort for addressing the estimation of soil moisture over large areas through in situ sensors, remote sensing and modelling approaches. The different techniques used for addressing the monitoring of soil moisture for hydrological applications are briefly reviewed here. Moreover, some examples in which in situ and satellite soil moisture data are successfully employed for improving hydrological monitoring and predictions (e.g., floods, landslides, precipitation and irrigation) are presented. Finally, the emerging applications, the open issues and the future opportunities given by the increased availability of soil moisture measurements are outlined.