The Worldwide Weather Forecasting Services Industry is Expected to Reach $2.7 Billion by 2028

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DUBLIN, Jan. 14, 2022 /PRNewswire/ — The “Weather Forecasting Services Market Forecast to 2028 – COVID-19 Impact and Global Analysis” report has been added to ResearchAndMarkets.com’s offering.

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The global weather forecasting services market is expected to grow from US$ 1,501.00 million in 2021 to US$ 2,732.52 million by 2028; it is estimated to grow at a CAGR of 8.9% during 2021-2028.



With a constant increase in the temperature and the air becoming warmer, water evaporation has intensified, leading to frequent downpours and heavy snowfall. This heavy precipitation is not spread evenly across the world with some places not getting required amount of precipitation. Since climate change causes a shift in air and ocean currents, it changes weather patterns. The rising incidence of natural disasters due to undesired climatic changes and subsequent security concerns has surfaced as the key factor behind the growth in the global weather forecasting services market. Advanced and reliable weather forecasting achieved within the stipulated time can lead to significant cost savings and also help with protection against catastrophes and natural disasters. The technological advancements in computing systems, such as advanced data analytics, model development, and machine learning tools and techniques, are likely to boost the demand for weather forecasting services during the forecast period.



The weather forecasting services market is segmented on the basis of industry, purpose, forecasting type, organization type, and geography. Based on industry, the market is segmented into agriculture, aviation, marine, transport and logistics, energy and utilities, oil and gas, media, insurance, retail, construction and mining, and others. Based on purpose, the market is segmented into operational efficiency, safety, and others. By forecasting type, the market is segmented into nowcast, short range, medium range, and long range. Based on organization size, the weather forecasting services market is bifurcated into large enterprises and small and medium-sized enterprises. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, Asia Pacific accounted for the significant share in the global market.



The impact of COVID-19 pandemic differed from country to country across Europe as selected countries witnessed an increase in the number of COVID-19 recorded cases and subsequently attracted strict and more extended lockdown periods or social isolation. Due to the pandemic, electronics equipment and associated services have been significantly affected. The pandemic has restricted the supply chain in various countries in Europe. The member states of Europe, such as Italy, Spain, and Germany, implemented drastic measures and travel restrictions to limit the spread of novel coronavirus among its citizens. European countries represent a leading share in the market as this region has the highest environmental safety standards in the world. However, due to the disrupted supply chain of hardware components that used to control the after-effects of natural disasters, the market has been significantly affected and weather forecasting services have been reporting delays.



The production of various electronics devices and associated weather forecasting services have also seen a sharp decline in European countries due to the COVID-19 pandemic, which is expected to remain under stress in the next couple of years. Furthermore, the recent imposition of containment measures, owing to the spread of newly mutated strain might hamper the market in this region in the near future.



A few key companies operating in the global weather forecasting services market are Global Weather Corporation, Accuweather, Inc., BMT Group Ltd., Skymet Weather Services Pvt. Ltd., Precision Weather, The Weather Company, Fugro, Enav S.p.A., Met Office, and Skyview Systems Ltd. Several other players are also functioning in the market worldwide, contributing significant revenue shares year on year.



Reasons to Buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global weather forecasting services market
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  • The key findings and recommendations highlight crucial progressive industry trends in the global weather forecasting services market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Key Topics Covered:



1. Introduction

2. Key Takeaways



3. Research Methodology



4. Weather Forecasting Services Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America PEST Analysis

4.2.2 Europe – PEST Analysis

4.2.3 Asia Pacific PEST Analysis

4.2.4 Middle East & Africa PEST Analysis

4.2.5 South America PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

4.5 Premium Insights

4.5.1 Overview

4.5.1.1 Weatherbit.io

4.5.1.2 AccuWeather

4.5.1.3 Weather Underground

4.5.1.4 World Climate Service

4.5.1.5 Weather Source

4.5.1.6 Meteomatics



5. Weather Forecasting Services Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Changing Climate Patterns Resulting in Uncertainties in Rainfall

5.1.2 Significant Investment into Clean Energies and Government Support

5.2 Market Restraints

5.2.1 Rising Complexity Associated with Weather Forecasting Models

5.3 Market Opportunities

5.3.1 Increasing Adoption of Technologically Advanced Systems Among Airports

5.4 Future Trends

5.4.1 Uptake of Advanced Technologies in Weather Forecasting Services

5.5 Impact Analysis of Drivers and Restraints



6. Weather Forecasting Services Market – Global Market Analysis

6.1 Global Weather Forecasting Services Market Overview

6.2 Global Weather Forecasting Services Market Forecast and Analysis

6.3 Market Positioning- Top Five Players



7. Weather Forecasting Services Market Analysis – By Industry

7.1 Overview

7.2 Weather Forecasting Services, by Industry (2020 and 2028)

7.3 Agriculture

7.3.1 Overview

7.3.2 Agriculture: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Aviation

7.4.1 Overview

7.4.2 Aviation: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Marine

7.5.1 Overview

7.5.2 Marine: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Transport and Logistics

7.6.1 Overview

7.6.2 Transport and Logistics: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)

7.7 Energy and Utilities

7.7.1 Overview

7.7.2 Energy and Utilities: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)

7.8 Oil and Gas

7.8.1 Overview

7.8.2 Oil and Gas: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)

7.9 Media

7.9.1 Overview

7.9.2 Media: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)

7.10 Insurance

7.10.1 Overview

7.10.2 Insurance: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)

7.11 Retail

7.11.1 Overview

7.11.2 Retail: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)

7.12 Construction and Mining

7.12.1 Overview

7.12.2 Construction and Mining: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)

7.13 Others

7.13.1 Overview

7.13.2 Others: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)



8. Weather Forecasting Services Market Analysis – By Purpose

8.1 Overview

8.2 Weather Forecasting Services, by Purpose (2020 and 2028)

8.3 Operational Efficiency

8.3.1 Overview

8.3.2 Operational Efficiency: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Safety

8.4.1 Overview

8.4.2 Safety: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Others

8.5.1 Overview

8.5.2 Others: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)



9. Weather Forecasting Services Market Analysis – By Forecasting Type

9.1 Overview

9.2 Weather Forecasting Services, by Forecasting Type (2020 and 2028)

9.3 Nowcast

9.3.1 Overview

9.3.2 Nowcast: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Short-Range

9.4.1 Overview

9.4.2 Short-Range: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)

9.5 Medium-Range

9.5.1 Overview

9.5.2 Medium-Range: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)

9.6 Long-Range

9.6.1 Overview

9.6.2 Long-Range: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)



10. Weather Forecasting Services Market Analysis – By Organization Size

10.1 Overview

10.2 Weather Forecasting Services, by Organization Size (2020 and 2028)

10.3 Small and Medium-Sized Enterprises

10.3.1 Overview

10.3.2 Small and Medium-Sized Enterprises: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)

10.4 Large Enterprises

10.4.1 Overview

10.4.2 Large Enterprises: Weather Forecasting Services Market – Revenue and Forecast to 2028 (US$ Million)



11. Weather Forecasting Services Market – Geographic Analysis



12. Weather Forecasting Services Market – COVID-19 Impact Analysis

12.1 North America

12.2 Europe

12.3 APAC

12.4 MEA

12.5 SAM



13. Industry Landscape

13.1 Overview

13.2 Market Initiative

13.3 Merger and Acquisition



14. Company Profiles

14.1 AccuWeather, Inc.

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 SKYVIEW SYSTEMS

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 IBM Corporation

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 DTN

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 StormGeo

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 Fugro

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 ENAV S.p.A.

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 The Tomorrow Companies Inc.

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 BMT GROUP LTD

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Products and Services

14.9.4 Financial Overview

14.9.5 SWOT Analysis

14.9.6 Key Developments

14.10 Precision Weather

14.10.1 Key Facts

14.10.2 Business Description

14.10.3 Products and Services

14.10.4 Financial Overview

14.10.5 SWOT Analysis

14.10.6 Key Developments

14.11 GLOBAL WEATHER CORPORATION.

14.11.1 Key Facts

14.11.2 Business Description

14.11.3 Products and Services

14.11.4 Financial Overview

14.11.5 SWOT Analysis

14.11.6 Key Developments



15. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/2oh0ra

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