Press release
Strategic Overview on Global Weather Forecasting Services Market Growth by 2021 | Major Leading Players - StormGeo, BMT Group, Fugro, ENAV spa, The Weather Company, Global Weather Company, Precision Weather, METEO Group and Met Office
The weather forecast services integrate a full range of practices, tools, solutions and techniques related to the study of meteorology. The weather forecasting process involves the use of various software to analyse atmospheric data that provide the current or future status of the meteorological format for a location. The weather forecasting uses a massive amount of structured and unstructured data to provide an improved analytical result while optimizing the company's revenue for various end-use sectors. The weather forecasting service industry is being implemented by the transport, aviation, energy and public services, financial services and banking insurance (OSFI), agriculture, media, manufacturing, etc. These services reduce the costs of maintenance and operation for companies and improve the overall safety of life and property. The weather forecasting service market is expected to grow from USD 1.10 billion in 2016 to USD 1.56 billion in 2021, which represents a compound annual growth rate of 7.15% during the forecasting period.Global Weather Forecasting Services Market Size:According to Research Cosmos, The Global Weather Forecasting Services Market is projected to grow from USD 1.10 Billion in 2016 to USD 1.56 Billion by 2021, at a CAGR of 7.15% between 2016 and 2021.
Get Sample Brochure of the Report @ https://www.researchcosmos.com/request/global-weather-forecasting-services-market-analysis-and-fore/3676720Drivers and restraints:
The uncertainty of climate change could fuel the growth of the world market of weather forecasting systems soon. Timely and reliable forecasting can save lives and save and improve the time to fight against natural disasters, pollution and ecological disasters. In addition, potential sectors such as defense and agriculture need timely weather updates to control air traffic control and things like that. The continuous development of technology improves the capacity of weather forecasting systems, allowing precise meteorological conditions. Factors such as the increased demand for larger areas of application in the aviation and marine industries, the development related to end-use markets, and the impact of savings in developing countries have an influence on the growth of the market. However, the complexity associated with the system and the lack of qualified professionals to operate weather forecasting systems can limit the growth of the global market.
Geographical segmentation:
The Asia-Pacific region has the largest share in the global market for weather forecasting services due to growth in the transport sector. In addition, rapid industrialization in emerging economies such as India and China is expected to boost the global market growth in the future. Other factors, such as the dependence on rainfall in Asia-Pacific, can create a strong demand for weather forecasting services. The Middle East and Africa, and Latin America show substantial growth and offer great investment opportunities. The main players in the market for weather forecasting services are StormGeo (Norway), BMT Group (United Kingdom), Fugro (The Netherlands), ENAV spa (Europe), The Weather Company (USA), Global Weather Company (U.S), Precision Weather (United States), METEO Group (United Kingdom) and Met Office (United Kingdom). Contracts, new product launches, extensions, partnerships, collaborations and agreements are the main growth strategies adopted by players to strengthen their position in the market.
Browse report brief and TOC @ https://www.researchcosmos.com/reports/global-weather-forecasting-services-market-analysis-and-forecast-to-2022-growth-opportunity-assess/3676720
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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Research Cosmos
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