Global Weather Forecasting Services Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions
27 Jun, 2023
The global weather forecasting services market size is expected to grow from $1.87 billion in 2022 to $2.06 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global weather forecasting services market size is expected to reach $2.94 billion in 2027 at a CAGR of 9.2%.
Global Weather Forecasting Services Market Key Driver
The increased use of weather monitoring for disaster management is projected to drive the growth of the weather forecasting services market in the future. Weather monitoring services collect and analyse weather data to aid decision-making. It delivers excellent accuracy and dependability for weather and climate change monitoring.
Get a sample of the global weather forecasting services market reportGlobal Weather Forecasting Services Market Segments
The global weather forecasting services market is segmented:
1) By Type: Onshore Weather Forecasting Services, Offshore Weather Forecasting Services
2) By Forecast Type: Nowcast, Short-Range, Medium Range, Extended Range, Long Range
3) By Purpose: Operational Efficiency, Safety
4) By Organization Size: Large Enterprises, Small And Medium Enterprises
5) By Industry: Transportation, Aviation, Energy And Utilities, Banking Financial Services And Insurance (BFSI), Agriculture, Media, Manufacturing, Retail, Other Industries
6) By Geography: The regions covered in the weather forecasting services market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global weather forecasting services market.
Major Weather Forecasting Services Industry Players
AccuWeather Inc., Fugro NV, Met Office, The Weather Company (IBM), StormGeo AS, Precision Weather Service, DTN LLC., Earth Networks, Spire Global Inc., The Tomorrow Companies Inc., ENAV S.p.A., BMT Group, Skymet Weather Services Pvt. Ltd., Skyview Systems Ltd, Jupiter Intelligence Inc., Weather Intelligence Pty Ltd., WeatherBELL Analytics LLC
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Weather Forecasting Services Market Overview
Weather forecasting services refer to services related to weather forecasting in which atmospheric conditions for a certain place and period are forecasted using science and technology. The purpose of weather forecasting services is to share knowledge that people and organisations may utilise to reduce weather-related losses and improve societal advantages such as life and property protection, public health and safety, and economic prosperity and quality of life.
Weather Forecasting Services Global Market Report 2023 provides data on the global weather forecasting services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The weather forecasting services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.