The global weather forecasting services market is anticipated to grow at a significant CAGR of 9.1% during the forecast period. The market growth is attributed to factors such as the growth of the agriculture industry in terms of technology and yield, the growth of aviation, logistics transportation, and media industries, increasing demand for weather forecasting services from the government, and growing public awareness about weather forecasting, technological advancements in weather forecasting instance,
Browse the full report description of “Weather Forecasting Services Market Size, Share & Trends Analysis Report by Forecasting Type (Nowcast weather forecasting services, short-term weather forecasting services, medium-term weather forecasting services, long-term weather forecasting services), by ownership (government-owned weather forecasting services, private-owned weather forecasting services), by end-user (Media, aviation, research, agriculture, events, retail, others (construction, energy, and utilities), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/weather-forecasting-services-market
• In July 2023, AccuWeather announced its new AccuWeather Command Center Display System at the 2023 Esri User Conference. The Commander is a large interactive display designed to integrate with Esri’s geographic information system (GIS) software which allows to enhance user experience. Apart from this, it has many features such as unlimited screens, advanced telestration, detailed iconography, and a spotlight feature.
• In March 2023, StromGeo, a weather intelligence provider increased its stake in Climatempo, a meteorological service provider in Brazil, from 51% to 89.66%. Through this deal, the company aims to provide its services to companies across South America.
• In July 2023, the National Oceanic and Atmospheric Administration (NOAA) ‘s division Space Weather Prediction Center (SWPC) upgraded one of its advanced physics-based space weather models leading to increased lead time for predicting the impact of geomagnetic storms on communications and navigation systems. The August 2 upgrade will also deliver new products for satellite operators – to help with decision-making, maneuver planning, orbit prediction, and collision avoidance – and for the aviation and communication sectors.
• In July 2023, leading weather forecasting and risk management company, Skymet Weather Services announced its Artificial Intelligence (AI) backed system ‘Skymet AI’. It is an AI-based powered system designed to provide real-time weather insights and forecasts as per customer needs, The key feature of the tool is a Natural Processing Language (NLP) based system that allows interactive conversation with the user.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By forecasting type
o By ownership
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- AccuWeather, Inc., International Business Machines Corporation (IBM), DTN, Earth Networks, Inc., WeatherBELL Analytics, LLC, and others.
Key questions addressed by the report.
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Weather Forecast Services Market Report Segment
By Forecasting Type
By Ownership
By End-Users
Global Weather Forecast Services Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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