The weather forecasting services market size is expected to gain momentum owing to the increasing number of natural calamities. These calamities are attributable to undesired and unpredictable weather changes. “Weather predictions“ are made via collecting information or making assumptions on the present weather conditions. These conditions include wind, temperature, moistness, and others. These predictions are further used to get an understanding of atmospheres through meteorology and determine how it evolves in the near future.
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Some of the players operating in the global market are:
- The Weather Company
- Campbell Scientific Inc.
- National Oceanic and Atmospheric Administration
- National Aeronautics and Space Administration
- Environdata Weather Stations Pty Ltd
Some of the recent industry developments made by companies are mentioned below:
February 2019: StormGeo and Gripohe Climatempo joined hands with each other to create a weather intelligence leader in Latin America. SormGeo acquired 51% of Griophe Climatempo.
Key Market Driver – To protect from uncertainties owing to bad climate
Key Market Restraint – There is complexity in forecasting
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Fortune Business Insights offers a detailed overview of the global market in a report, titled “Weather Forecasting Services Market Size, Share and Global Trend By Type (Short Range, Medium Range, Long Range), By Purpose (Safety, Operational Efficiency, Others), By End-User Industry (Renewable Energy, Oil & Gas, Shipping, Media, Agriculture, Insurance, Retail, Aviation, Others) and Geography Forecast till 2027.” The report offers a comprehensive analysis of the market from 2018 to 2027. It further identifies recent technological developments and industry developments, helping our readers to get a clear picture of the market. Furthermore, the report highlights the competitive landscape of the market by explicitly focussing on key product offerings, growth strategies, and other specific developments. The information gathered has been taken from primary and secondary sources and covers all the facets of the global market.
Weather forecasting services include real-time forecasts and encourage industries to make effective decisions. The advance information received by these forecasts can ensure maintenance, safety, cost-saving, and effectiveness. Business sectors such as shipping, aviation, media, oil and gas, and agribusiness use weather prediction services to enhance their operations. Weather forecasting uses large volumes of unstructured and structured data to deliver analytical output. Accurate results of this forecasting can help several industries to optimize their revenues. Such factors are expected to drive the market at a moderate rate in the forthcoming years.
Key Segmental Overview:
1. By Type
- Short Range
- Medium Range
- Long Range
2. By Purpose
- Operational Efficiency
3. By End-User Industry
- Renewable Energy
- Oil & Gas
4. By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Netherlands, Norway, Russia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina, Venezuela, Chile and Rest of Latin America)
- Middle East & Africa (South Africa, GCC, Nigeria and Rest of the Middle East & Africa)
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Major Table of Content For Weather Forecasting Services Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Weather Forecasting Services Market Analysis, Insights and Forecast, 2027
- North America Weather Forecasting Services Market Analysis, Insights and Forecast, 2027
- Europe Weather Forecasting Services Market Analysis, Insights and Forecast, 2027
- Asia Pacific Weather Forecasting Services Market Analysis, Insights and Forecast, 2027
- Middle East and Africa Weather Forecasting Services Market Analysis, Insights and Forecast, 2027
- Latin America Weather Forecasting Services Market Analysis, Insights and Forecast, 2027
- Competitive Landscape
- Company Profile
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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