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Weather Forecasting Services Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

$2,950.00

Weather Forecasting Services Market
1.Overview of the Weather Forecasting Services Market
The global weather forecasting services market is forecast to grow at a CAGR of around 7% during the period 2019-2024.

The weather forecasting services market report provides a detailed analysis of the market dynamics, including drivers, restraints, opportunities, and challenges. It also provides a detailed competitive landscape of the market.

The report segments the weather forecasting services market by type, application, and geography.

By type, the market is divided into short-range, medium-range, and long-range.

By application, the market is classified into aviation, agriculture, shipping, construction, and others.

Geographically, the weather forecasting services market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report includes a detailed analysis of the key players in the weather forecasting services market, including AccuWeather, Inc., The Weather Channel, Weather Underground, Inc., and WeatherBug.

The global weather forecasting services market is expected to grow at a significant rate during the forecast period. The growth of the market is attributed to the increased demand for weather forecasting services from various end-use industries, such as aviation, agriculture, and construction.

In addition, the rapid growth of the aviation industry is expected to drive the demand for weather forecasting services in the coming years. The increasing number of flights and the need for real-time information are some of the factors expected to fuel the growth of the weather forecasting services market.

However, the lack of awareness about weather forecasting services in some developing countries is expected to restraint the growth of the market to a certain extent.

The report provides a detailed competitive landscape of the weather forecasting services market. Some of the key players operating in the market include AccuWeather, Inc., The Weather Channel, Weather Underground, Inc., and WeatherBug.

2. Key Drivers of the Weather Forecasting Services Market
The Weather Forecasting Services Market is expected to grow at a CAGR of around 6% during the forecast period of 2020-2025.

The two key drivers of this market are the increasing demand for accurate weather forecasts and the growing popularity of weather-based mobile applications.

With the help of advanced technology, weather forecasters are now able to provide more accurate predictions for a variety of weather conditions. This has made weather forecasting services more popular among individuals and businesses alike.

Another driver of the weather forecasting services market is the growing popularity of weather-based mobile applications. These apps allow users to access real-time weather information on their smartphones or other mobile devices.

With the help of these apps, users can track the current weather conditions in their area and also get forecasts for the future. This has made weather-based mobile apps a popular choice among users who want to stay up-to-date with the latest weather conditions.

The weather forecasting services market is expected to grow at a healthy pace during the forecast period. The increasing demand for accurate weather forecasts and the growing popularity of weather-based mobile apps are the two key drivers of this market.

3. Restraints on the Weather Forecasting Services Market
The demand for weather forecasting services is constantly increasing as the need for accurate and timely weather information grows. However, there are several restraints that are limiting the growth of the weather forecasting services market.

The first restraint is the high cost of these services. Weather forecasting is a complex process that requires sophisticated equipment and trained personnel. This results in a high cost of providing these services, which limits their availability to only those who can afford it.

The second restraint is the limited accuracy of weather forecasting. Despite the advances made in technology, the accuracy of weather forecasting is still limited. This is due to the chaotic nature of the atmosphere, which makes it difficult to predict the exact weather conditions even a few days in advance.

The third restraint is the availability of free weather information. There are many sources of free weather information, such as the Internet, television, and radio. This makes it difficult for weather forecasting services to compete with these free sources.

Despite these restraints, the demand for weather forecasting services is expected to continue to grow in the future as the need for accurate and timely weather information increases.

4. Opportunities in the Weather Forecasting Services Market
The weather forecasting services market is expected to grow at a CAGR of 6.4% from 2019 to 2024. The major drivers for this market are the increasing demand for accurate weather information and the need for effective decision-making in various sectors.

There are various opportunities for weather forecasting services providers in the market. Some of these include:

1. Increasing demand for accurate weather information:

With the increasing impact of extreme weather events, there is a growing demand for accurate weather information. This is especially true for sectors such as agriculture, energy, and transportation, which are highly vulnerable to weather-related disruptions. Weather forecasting services can help these sectors reduce the impact of weather-related disruptions by providing accurate and timely information.

2. Growing need for effective decision-making:

The need for effective decision-making is another major driver for the weather forecasting services market. In today’s dynamic business environment, organizations need to be able to make quick and informed decisions. Weather forecasting services can help organizations make better decisions by providing them with accurate information about the weather.

3. Expansion of the tourism industry:

The tourism industry is another major driver of the weather forecasting services market. The need for accurate weather information is especially high in the tourism industry as bad weather can lead to cancellations and delays. Weather forecasting services can help the tourism industry by providing accurate information about the weather, which can help them avoid disruptions.

4. Increasing use of big data and analytics:

The increasing use of big data and analytics is another major opportunity for weather forecasting services providers. Big data and analytics can help weather forecasting services providers improve the accuracy of their forecasts. Additionally, big data and analytics can also help weather forecasting services providers develop new products and services.

5. Key Players in the Weather Forecasting Services Market
The Weather Forecasting Services market is expected to grow at a CAGR of around 6.3% during the forecast period of 2020 to 2025. The major drivers for this market are the increasing demand for accurate weather information and the need for better disaster management.

The key players in this market are The Weather Company (US), IBM Corporation (US), AccuWeather, Inc. (US), Fugro N.V. (Netherlands), DTN, LLC (US), Environmental Systems Research Institute, Inc. (US), NCAR (US), and Atkins (UK).

The Weather Company (US) is one of the key players in the Weather Forecasting Services market. It offers a suite of products and services that includes weather data, analytics, and decision support tools. The company has a strong product portfolio and offers a wide range of services to its clients. It has a strong presence in the US and Europe and is continuing to expand its operations in Asia-Pacific and other regions.

IBM Corporation (US) is another key player in the Weather Forecasting Services market. It offers a wide range of weather-related products and services that help clients make informed decisions. The company has a strong presence in the US, Europe, and Asia-Pacific and is expanding its operations in other regions.

AccuWeather, Inc. (US) is a leading provider of weather information and related services. The company offers a wide range of products and services that help clients make informed decisions. It has a strong presence in the US, Europe, and Asia-Pacific and is expanding its operations in other regions.

Fugro N.V. (Netherlands) is a leading provider of geotechnical, survey, and geoscience services. The company offers a wide range of products and services that help clients make informed decisions. It has a strong presence in Europe, Asia-Pacific, and other regions and is expanding its operations in the US.

DTN, LLC (US) is a leading provider of weather information and related services. The company offers a wide range of products and services that help clients make informed decisions. It has a strong presence in the US

6. Future Outlook of the Weather Forecasting Services Market
The future of weather forecasting services is looking bright, with new technological advancements and a growing demand for accurate weather information. Here are six future outlooks for the weather forecasting services market:

1. Increased accuracy – With new technological advancements, weather forecasting services are becoming more accurate. This is especially important for businesses and industries that rely on accurate weather information to make decisions.

2. Expansion of services – Weather forecasting services are expanding their offerings to include more than just traditional forecast products. Services such as weather risk management and customized forecast products are becoming more popular.

3. Growth in emerging markets – The demand for weather forecasting services is growing in emerging markets such as Asia and Latin America. This is due to a combination of factors, including the increasing need for accurate weather information in these regions and the growth of the telecommunications and internet infrastructure in these regions.

4. Increased competition – The weather forecasting services market is becoming increasingly competitive, with new players entering the market and existing players expanding their services. This is resulting in lower prices and more choices for customers.

5. New applications – Weather forecasting services are being used for new applications such as agricultural planning, disaster management, and climate change modeling. This is opening up new markets for weather forecasting providers.

6. Improved user experience – Weather forecasting providers are focusing on improving the user experience of their products and services. This includes developing new user-friendly interfaces and providing more personalized forecast products.

Key Players Covered

 

The Weather Company, Accuweather, StormGeo, MeteoGroup, Vaisala, Sutron, Campbell Scientific Inc., National Oceanic and Atmospheric Administration, Environdata Weather Stations Pty Ltd, and National Aeronautics and Space Administration.

 

Segmentation

 

 

Segmentation

 

 Details
 

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

 

 

 

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)

 

 

 

 

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

 

 

The Weather Company, Accuweather, StormGeo, MeteoGroup, Vaisala, Sutron, Campbell Scientific Inc., National Oceanic and Atmospheric Administration, Environdata Weather Stations Pty Ltd, and National Aeronautics and Space Administration.

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