According to new research study on Weather forecasting services Market research report provides size, share, trends, analysis report contains all study material about market industry overview, growth, demand and forecast research in all over the world. The report also analyses the competitive structure of the Weather forecasting services and provides the profiles of major players operating in the market. Growth inducing factors, market restraints and recent developments have also been analyzed in the report in order to provide deeper knowledge about the industry.

The global weather forecasting services market was valued at US$ 1,413.37 million in 2020 & it is expected to grow at a CAGR of 8.9% during the forecast period 2021–2028.

Weather forecasting services aims at giving day-to-day forecast relating to weather conditions. Weather is one of the biggest impact factors for every human activity and has been the biggest driver of development for the human race. The development is usually exponential in certain areas where the weather is reasonable compared to areas with harsher climate ranges. As technically developed as we are today, many measures can be taken to be efficient against the climate if a prior warning is provided. The weather forecasting services is a consulting that provides required information, which leads to informed decision-making and even cost savings. This is especially important for sectors dealing with weather-sensitive services. Some examples of such sectors are renewable energy, agriculture, construction, aviation, media, shipping, and utilities. These industries have heavy use for weather services. The services are especially in demand in today's world, where the climate is becoming increasingly variable and unpredictable due to global warming.

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Some of the companies competing in the Weather forecasting services Market:

Global Weather Corporation (US)

Accuweather, Inc. (US)

BMT Group Ltd. (UK)

Skymet Weather Services Pvt. Ltd.

Precision Weather

The Weather Company

Fugro (Netherlands)

Enav S.p.A. (Italy)

Met Office

Skyview Systems Ltd

StormGeo (Norway)

IBM Corporation (US)

Drivers

Changing Climate Patterns Resulting in Uncertainties in Rainfall

Global warming has had an adverse effect on the climatic conditions we face compared to what we experienced a few years back. The temperature and timing of the different seasons in particular areas were previously mapped and predictable. Extreme changes in climatic patterns rarely occur. Recently, the overall climatic temperature has gone up. This has given rise to much more precipitation than normal, directly affecting the rainfall frequency and intensity. Heavy downpours and frequent snowfalls due to heavy precipitation are experienced in some areas, while others do not even touch the mark of the required level. This has raised the need for weather forecasting services. The rise in incidents of natural disasters has resulted in heavy dependence on the weather forecasting services market for damage control. The situation is dire, and it calls for extreme actions.

Advantage of requesting Sample PDF Report Before purchase to know about:

To part the breakdown information by districts, type, makers, and applications.

To break down and research the worldwide Weather forecasting services status and future figure, including, creation, income, utilization, recorded, and conjecture.

To distinguish huge patterns, drivers, impact factors in worldwide and locales.

To introduce the key Weather forecasting services makers, creation, income, piece of the pie, and ongoing turn of events.

To investigate serious advancements, for example, extensions, arrangements, new item dispatches, and acquisitions on the lookout.

To investigate the worldwide and key districts market potential and preferred position, opportunity, and challenge, limitations, and dangers.

MARKET SEGMENTATION

By Industry

The global weather forecasting services market, based on industry, was segmented into agriculture, aviation, marine, transport and logistics, energy and utilities, oil and gas, media, insurance, retail, construction, and mining, among others. In 2020, the energy and utility segment held the largest market share. They were expected to grow significantly during the coming years owing to the increasing variability of the climatic conditions, which has created a demand for the revamping of energy systems to reduce greenhouse emissions. Low-carbon energy generation is the need of the hour.

By Purpose

The global weather forecasting services market, based on purpose, was segmented into operational efficiency, safety, and others. In 2020, the safety segment held the largest share of the market. Weather prediction has many advantages. The top ones are public health and safety, life and property protection, economic prosperity, and quality of life. Thus, we can say weather forecasting is crucial for safety. Beyond this, it has advantages in helping many organizations and people plan their activities, deciding what to wear (i.e., warm weather, rainy weather, windy weather, cold weather), and many other crucial decisions. All these reasons have provided a helping hand to the weather forecasting services market. These factors are accountable for the segment's growth in the forecast period.

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This Study Report Offers Following Objectives:

Conjecture and examination of the worldwide Weather forecasting services market deals, share, worth, status and figure 2028.

Break down the local just as nation level portions, share development for Global Weather forecasting services Market.

Investigation of Global Weather forecasting services industry-driving makers/players.

Characterize and investigate the market rivalry scene, SWOT examination.

Estimates and investigation of the portions, sub-sections and the provincial business sectors dependent on last of 5 years market history.

Examination of the Weather forecasting services market by Type, by Application/end clients and district insightful.

Estimate and investigation of the Global Weather forecasting services Market Trends, Drivers, Investment Opportunities, Openings, Risk, Difficulties, and suggestions.

Investigate the critical driving elements, patterns which confine market development.

Portray the partner's chances in the market by recognizing the high development fragments.

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