The size of the world market for weather forecasting services, estimated at US$ 2.2 billion in 2021, is anticipated to grow at a 6.7% compound annual growth rate (CAGR) from 2022 to 2032.The demand for weather forecasting solutions and services is being fueled by factors like the growing demand for weather solutions across industries and the rising demand for weather forecast solutions due to uncertain climatic conditions and energy transitions. Accurate weather forecasts help businesses and industries optimise operations and reduce risks.
There are many different factors that can cause weather- and climate-related risks in agriculture, including scarcity of water supplies, drought, land degradation, erosion, hail, flooding, early frosts, and many others. Farmers’ decision-making can be informed and improved by the use of reliable weather and climate information and advisory services.The size of the world market for weather forecasting services, estimated at US$ 2.2 billion in 2021, is anticipated to grow at a 6.7% compound annual growth rate (CAGR) from 2022 to 2032.
The demand for weather forecasting solutions and services is being fueled by factors like the growing demand for weather solutions across industries and the rising demand for weather forecast solutions due to uncertain climatic conditions and energy transitions.
Accurate weather forecasts help businesses and industries optimise operations and reduce risks.There are many different factors that can cause weather- and climate-related risks in agriculture, including scarcity of water supplies, drought, land degradation, erosion, hail, flooding, early frosts, and many others. Farmers’ decision-making can be informed and improved by the use of reliable weather and climate information and advisory services.
Prominent weather forecasting service providers are reliant on partnerships, collaborations, acquisitions, and new software launch to stay afloat in the global market. Constant innovations to ensure a seamless client-customer relationship are the main focus of prominent market players.
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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