The size of the world market for weather forecasting services, estimated at US$ 2.2 billion in 2021, is anticipated to rise at a 6.7% compound annual growth rate (CAGR) from 2022 to 2032.
Two factors are driving the demand for weather forecasting solutions and services: the demand for weather solutions across industries and the rising demand for weather prediction solutions due to uncertain climatic conditions and energy transitions. Accurate weather forecasts help businesses and industries optimize operations and reduce hazards.
Weather- and climate-related risks in agriculture can be caused by a number of different factors, including a lack of water resources, drought, soil degradation, erosion, hail, flooding, early frosts, and many others. Farmers can make better judgments by using reliable weather and climate information and advisory services.
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The global market for weather forecasting services, estimated to be worth US$ 2.2 billion in 2021, is anticipated to rise at a compound yearly growth rate of 6.7% from 2022 to 2032.
The demand for weather forecasting solutions and services is being fueled by factors like the expanding demand for weather solutions across industries and the rising demand for weather prediction solutions due to uncertain climatic conditions and energy transitions.
Accurate weather forecasts can help businesses and industries reduce risks and enhance operations. Weather- and climate-related risks in agriculture can be caused by a number of different factors, including a lack of water resources, drought, soil degradation, erosion, hail, flooding, early frosts, and many others. Farmers can make better judgments by using reliable weather and climate information and advisory services.
Leading weather forecasting service companies compete on the global market by forming alliances, merging, buying, and releasing new software. Constant innovation is the fundamental objective of the top market players in preserving a perfect client-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
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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
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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