The latest market report has been published by RationalStat LLC on Global Weather Forecasting Services Market Analysis and Forecast, 2019-2028, the report assesses the global weather forecasting services market based on type, forecasting type, end user, and region. The report provides a detailed historical and future market size with a comprehensive market trend analysis. The market share analysis, market segmentation, innovations, and services provided by top companies, an overview of the competition, strategic imperatives, key end users, potential growth areas, and competition analysis for the target players evaluated in the global weather forecasting services market study.
Market Overview and Dynamics: The adoption of advanced technologies such as artificial intelligence, machine learning, and big data analytics in weather forecasting is also expected to drive the growth of the market
The global weather forecasting services market is expected to grow at a significant rate due to the increasing demand for accurate and up-to-date weather information for various applications. The adoption of advanced technologies such as artificial intelligence, machine learning, and big data analytics is also expected to drive the growth of the market.
Moreover, Governments around the world are investing in the development of weather forecasting infrastructure to improve public safety and support various industries.
- For example, the National Oceanic and Atmospheric Administration (NOAA) in the US and the European Centre for Medium-Range Weather Forecasts (ECMWF) in Europe are investing in the development of advanced weather forecasting technologies.
Emerging economies such as China and India are experiencing rapid urbanization and industrialization, which is increasing the demand for weather forecasting services. The agriculture industry in these countries heavily relies on weather forecasts for crop planning and management, which is driving the demand for weather forecasting services.
North America is expected to hold the largest share due to the well-established weather forecasting infrastructure and high adoption rate of advanced technologies. Asia Pacific weather forecasting services market is expected to grow at the highest rate due to the increasing demand for weather forecasting services in emerging economies such as China and India.
Segmental Analysis
- Based on forecast type, the short-range forecasting segment is expected to dominate the market due to the high demand for accurate and up-to-date weather information.
- On the basis of region, North America is anticipated to dominate the global weather forecasting services market due high adoption rate of advanced technologies in the region.
Competition Analysis
Over the last decade, the global weather forecasting services market has grown rapidly as the dependency of various industries on weather forecasting services has increased. The global market for weather forecasting services.
Some of the top government organizations including the India Meteorology Department, the National Center of Meteorology (NCM), The Turkish State Meteorological Service, TSMS, the National Weather Service (NWS), The Meteorological Service of Canada, EUMETSAT, Meteorological Service Singapore, World Meteorological Organization (WMO) provide weather forecasting services.
However, private companies and service providers who also operate in the weather forecasting services market include AccuWeather Inc., AerisWeather, BMT Group, Custom Weather, ENAV S.p.A., Fugro, The Weather Company (IBM), Precision Weather Services, Skymet Weather Services Pvt. Ltd., StormGeo AS, and Met Office.
RationalStat has segmented the global weather forecasting services market on the basis of type, forecasting type, end user, and region.
- Weather Forecasting Services Market By Type
- Short-Range
- Medium-Range
- Long Range
- Weather Forecasting Services Market By Forecasting Type
- Dust Storms
- Monsoon
- Heavy Rainfall
- Agro-Advisory
- Marine Forecast
- Aviation Forecast
- Tropical Cyclones
- Heavy Snowfall
- Fog
- Air Pollution
- Pilgrims Forecast
- Heat & Cold Wave
- Weather Forecasting Services Market By End User
- Agriculture
- Energy & Utilities
- Transportation
- Media
- Oil & Gas
- Shipping
- Aviation
- Weather Forecasting Services Market By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Western Europe
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- ASEAN (Indonesia, Vietnam, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Turkey
- Rest of the Middle East & Africa
- North America
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