The latest research study “Weather Forecasting Services Market ” : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that
The global Weather Forecasting Services Market size reached US$ 1.82 Billion. Looking forward, IMARC Group expects the market to reach a value of US$ 3.21 Billion by 2027. exhibiting a CAGR of 9.60%during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market. along with the indirect influence of associated industries. These observations will be integrated into the report.
Industry Definition and Application:
Weather forecasting refers to the prediction of weather with the application of innovative technologies and sciences for a specific location. It also predicts numerous changes on the surface of the earth caused by atmospheric conditions. including snow and ice covers, storm tides, floods, etc. Weather forecasting services aid farmers in controlling the pests. and other crop diseases that are spread across the field by determining. the accurate period for utilizing specific pesticides.
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Weather Forecasting Services Market Trends and Drivers:
The elevating uncertainties in climate conditions are among the key factors augmenting the weather forecasting services market.
Furthermore, the rising utilization of these services among farmers to determine. precipitation forecasts, wind alerts, and actionable insights. for managing their operations, improving yields, and maximizing profits is also bolstering the market growth.
Moreover, the escalating usage of weather forecasting services in the aviation sector to navigate extreme weather. conditions is further catalyzing the global market. Besides this, the inflating need for these services to enable safe and efficient network communications for land and sea rescue, administration, and support operations. is also driving the market growth.
Additionally, the growing investments among key market players in research. Also development (R&D) activities to introduce supercomputers for accurate weather. forecasts are expected to positively influence the weather forecasting services market in the coming years.
The report has been segmented the market into following categories:
Breakup by Forecasting Type:
- Short-range Forecasting
- Medium-range Forecasting
- Long-range Forecasting
Breakup by Purpose:
- Operational Efficiency
Market Breakup by Organization Size:
- Large Enterprises
- Small and Medium-Sized Enterprises
Breakup by End User:
- Energy and Utilities
- Banking, Financial Services and Insurance (BFSI)
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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