Weather Forecasting Services Market Report 2023-2028, Industry Overview, Growth, Analysis, Share, Size and Key Players

According to the latest report by IMARC Group, titled “Weather Forecasting Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global weather forecasting services market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market value to reach US$ 3.3 Billion by 2028, expanding at a CAGR of 9.1% during 2023-2028.

Weather forecasting services represent the prediction of weather by using advanced technologies and sciences for a specific location. They also forecast several changes on the surface of the earth caused by atmospheric conditions, such as storm tides, snow and ice cover, floods, etc. Weather forecasting services assist farmers in controlling the pests and other crop diseases to spread over the field by determining the accurate period for using specific pesticides. In line with this, they help in reducing weather-related losses and enhancing societal benefits, including the protection of life and property as well as public health and safety. Consequently, weather forecasting services find extensive applications in various sectors, such as aviation, energy and utilities, transportation, banking, financial services and insurance (BFSI), agriculture, manufacturing, retail, etc.

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Global Weather Forecasting Services Market Trends:

The inflating need for disaster management is primarily driving the weather forecasting services market. Additionally, changing climate conditions and energy transitions and the rising investments by government bodies in R&D activities are further catalyzing the market growth. Besides this, the widespread adoption of weather forecasting services by farmers to determine precipitation forecasts, wind alerts, actionable insights, etc., for improving yields, managing their operations, and maximizing profits is acting as another significant growth-inducing factor.

Moreover, they are also utilized to enhance the irrigation method for boosting agricultural production and farming, which is positively influencing the global market. Apart from this, the escalating demand for weather forecasting services to enable efficient and safe network communications for land and sea rescue, administration, support operations, etc., is also propelling the market growth. Furthermore, the introduction of supercomputers for ensuring accurate predictions is projected to fuel the weather forecasting services market in the coming years.

Weather Forecasting Services Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the weather forecasting services market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• AccuWeather Inc.
• AerisWeather
• BMT Group, Custom Weather
• DTN, ENAV S.p.A.
• Fugro
• International Business Machines Corporation
• Met Office
• Precision Weather Services
• Skymet Weather Services Pvt. Ltd.
• and StormGeo AS

Key Market Segmentation:

The report has segmented the face shield market on the basis of material type, tier type, type, product type and end user

Breakup by Forecasting Type:

• Short-range Forecasting
• Medium-range Forecasting
• Long-range Forecasting 

Breakup by Purpose:

• Operational Efficiency
• Safety
• Others

Breakup by Organization Size:

• Large Enterprises
• Small and Medium-Sized Enterprises 

Breakup by End User:

• Transportation
• Aviation
• Energy and Utilities
• Banking, Financial Services and Insurance (BFSI)
• Agriculture
• Media
• Manufacturing
• Retail
• Others

Breakup by Region:

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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