There will be a 6.7% compound annual growth rate (CAGR) from 2022 to 2032 in the size of the global market for weather forecasting services, which is expected to be US$ 2.2 billion in 2021. The demand for weather solutions across businesses and the increased demand for weather prediction solutions because of uncertain climatic conditions and energy transitions are two factors that are driving the demand for weather forecasting solutions and services. Weather forecasts that are accurate assist businesses and industries optimize operations and lower risks.
Several various causes, such as a lack of water resources, drought, land degradation, erosion, hail, flooding, early frosts, and many others, can result in weather- and climate-related risks in agriculture. Utilizing trustworthy weather and climate information and advisory services can help farmers make better decisions.
From 2022 to 2032, the size of the global market for weather forecasting services, which was estimated to be worth US$ 2.2 billion in 2021, is expected to increase at a compound annual growth rate of 6.7%.
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Factors like the increased demand for weather solutions across sectors and the rising demand for weather prediction solutions due to uncertain climatic conditions and energy transitions are fueling the demand for weather forecasting solutions and services.
Businesses and industries may optimize operations and lower risks with the aid of accurate weather forecasts. Several various causes, such as a lack of water resources, drought, land degradation, erosion, hail, flooding, early frosts, and many others, can result in weather- and climate-related risks in agriculture. Utilizing trustworthy weather and climate information and advisory services can help farmers make better decisions.
Leading weather forecasting service providers depend on alliances, mergers, purchases, and the release of new software to compete in the worldwide market. The key goal of major industry participants is constant innovation to maintain a flawless customer-client relationship.
By Key Players
- AccuWeather, Inc.
- DTN
- Earth Networks
- Fugro
- Met Office
- Precision Weather Service
- Spire Global
- StormGeo
- The Tomorrow Companies Inc.
- The Weather Company (IBM)
Key Segments Covered In The Weather Forecasting Services Industry Survey
Weather Forecasting Services Market by Forecast:
- Nowcasting Weather Forecasting Services
- Short-range Weather Forecasting Services
- Medium-range Weather Forecasting Services
- Long-range Weather Forecasting Services
Weather Forecasting Services Market by Organization Size:
- Weather Forecasting Services for Large Enterprises
- Weather Forecasting Services for Small & Medium Enterprises
Weather Forecasting Services Market by Industry:
- Weather Forecasting Services for Agriculture
- Weather Forecasting Services for Aviation
- Weather Forecasting Services for Energy & Utilities
- Weather Forecasting Services for Renewables
- Weather Forecasting Services for Retail
- Weather Forecasting Services for Manufacturing
- Weather Forecasting Services for Media
- Weather Forecasting Services for Logistics & Transportation
- Weather Forecasting Services for Marine Industry
- Weather Forecasting Services for Other Industries
Weather Forecasting Services Market by Region:
- North America Weather Forecasting Services Market
- Latin America Weather Forecasting Services Market
- Europe Weather Forecasting Services Market
- Asia Pacific Weather Forecasting Services Market
- The Middle East & Africa Weather Forecasting Services Market
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.
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