Global Weather Forecasting Services Market – Industry Trends and Forecast to 2028

Weather Forecasting Services Market Analysis and Insights

Weather forecasting services market size is valued at USD 3,057.21 million by 2028 and is expected to grow at a compound annual growth rate of 9.10% over the forecast period of 2021 to 2028. Data Bridge Market Research report on weather forecasting services market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.

The weather forecasting services market has a huge potential and is expected grow over the forecast period of 2021 to 2028, owing to the rise in the use of weather forecasting services to improve safety and reduce losses. In addition, the high demand for weather forecasting services in agriculture and rise in the in climate change patterns resulting in uncertainties in rainfall are also largely influencing the growth of the weather forecasting services market. Also the increase in the need for continuous weather monitoring to enable disaster management and developing transportation industry are also the drivers anticipated to flourish the weather forecasting services market growth. Additionally, the incorporation of high-end radar and small satellites in weather monitoring and use of big data analytics in weather forecasting are also expected to boost the growth of the weather forecasting services market in the above mentioned forecast period.

However, the market of weather forecasting services though has certain limitations which are expected to obstruct the potential growth of the market such as the difficulty of weather forecasting models and dynamic nature of atmospheric variables, whereas the occurrence of false weather alarms and operational challenges for weather forecasting companies due to COVID-19 can challenge the growth of the weather forecasting services market in the above mentioned forecast period.

• In addition, the upsurge in the production of renewable energy, computing capabilities of supercomputers for weather forecasting and improved accuracy of long-range weather forecasting are projected to offer various growth opportunities for the weather forecasting services market in the forecast period of 2021 to 2028.

This weather forecasting services market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on weather forecasting services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Weather Forecasting Services Market Scope and Market Size

Weather forecasting services market is segmented on the basis of forecasting type, purpose, organization size and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• Based on forecasting type, the weather forecasting services market is segmented into nowcast, short range, medium range and long range.

The purpose segment of the weather forecasting services market is segmented into operational efficiency, safety and others.

• On the basis of organization size, the weather forecasting services market is segmented into large enterprises and small and medium-sized enterprises.
• Based on end user, the weather forecasting services market is segmented into agriculture, aviation, marine, transport and logistics, energy and utilities, oil and gas, media, insurance, retail, construction and mining and others.

Weather Forecasting Services Market Country Level Analysis

Weather forecasting services market is analyzed and market size, volume information is provided by country, forecasting type, purpose, organization size and end user as referenced above.

The countries covered in the weather forecasting services market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).

North America leads the weather forecasting services market because of the strong presence of prominent technology players focusing on innovations and rapid technological advancements. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rapid industrialization and the developing transportation industry.

The country section of the weather forecasting services market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Weather Forecasting Services Market Share Analysis

Weather forecasting services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to weather forecasting services market.

The major players covered in the weather forecasting services market report are StormGeo, DTN, AccuWeather, Inc., Fugro, BMT Group Ltd., Meteosim S.L., Meteo-Logic, Skymet Weather Services Pvt Ltd., Skyview Systems, GLOBAL WEATHER CORPORATION, Precision Weather Services, meteoblue AG, Speedwell Weather Ltd., CustomWeather, Weather Routing Inc., TempoQuest, Earth Networks, AerisWeather, UBIMET GmbH, and WeatherBELL Analytics, LLC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

SKU-63571