Weather Forecasting Services Market Size to register a valuation of USD 5.86 billion by 2028

Market Study Report presents latest report on global Weather Forecasting Services Market, which evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2022-2028.

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According to credible experts, global weather forecasting services market, which garnered a valuation of USD 3,088.69 million in 2022, is expected to reach USD 5,865.56 million in revenues by the end of 2028, thereby showcasing a CAGR of 9.6% through the forecast period.

Competitive Analysis:

Sailing Weather Service, AWIS, Hometown Forecast Services, WeatherBELL Analytics, MeteoGroup, StormGeo AS, Right Weather LLC, ENAV S.p.A., Fugro, The Weather Company, Precision Weather Services, Skymet Weather Services, BMT ARGOSS, AccuWeather Inc., and Global Weather Corporation are the major corporations in global weather forecasting services industry.

'Global Weather Forecasting Services Market' has been thoroughly examined, covering a range of market factors such as growth drivers, potential threats, and future opportunities. The report presents various segments based on their revenue-generating capacity to provide a comprehensive understanding of the industry's scope and size. The study incorporates information from both primary and secondary sources to offer a complete overview of the market. Additionally, it discusses the top companies and their contribution to the market's revenue during the review period.

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COVID-19 Impact:

The COVID-19 pandemic had a significant impact on worldwide weather forecasting services industry. With the outbreak of the pandemic, the demand for weather forecasting services has increased as it helps in predicting and managing the impact of extreme weather events such as hurricanes, floods, and wildfires, which can worsen the effects of the pandemic. However, the pandemic has also led to an increase in demand for renewable energy sources, such as solar and wind power. This has led to an increased demand to forecast weather patterns, which can help in optimizing the efficiency of renewable energy systems.

Segmentation & Regional Overview:

In terms of type, the market is classified into long-range forecasting, medium range forecasting, and short range forecasting. Considering application ambit, marine, agriculture, BFSI, transportation, energy & utilities, media & consumer, aviation, and others are the different segments within worldwide high-performance brake system industry.

From a geographical viewpoint, Asia Pacific, North America, Europe, South America, and Middle East & Africa are the regional backdrops assessed in this industry report.

FAQs:

How are the different segments in global weather forecasting services market bifurcated by type?

A: Long-range forecasting, medium range forecasting, and short range forecasting are the types assessed in global weather forecasting services market report.

Which are the prominent companies influencing global weather forecasting services market dynamics?

A: Sailing Weather Service, AWIS, Hometown Forecast Services, WeatherBELL Analytics, MeteoGroup, StormGeo AS, Right Weather LLC, ENAV S.p.A., Fugro, The Weather Company, Precision Weather Services, Skymet Weather Services, BMT ARGOSS, AccuWeather Inc., and Global Weather Corporation are the major corporations in global weather forecasting services industry.

Which are the pivotal regions included in the study of worldwide weather forecasting services market?

A: Asia Pacific, North America, Europe, South America, and Middle East & Africa are the regional backdrops assessed in this industry report.

Which are the basic applications reviewed in global weather forecasting services market report?

A: Marine, agriculture, BFSI, transportation, energy & utilities, media & consumer, aviation, and others are among the applications of this industry reviewed in the research.

How is global weather forecasting services market likely to perform during 2022-2028?

A: Global weather forecasting services market is expected to reach USD 5,865.56 million in revenues by the end of 2028, thereby showcasing a CAGR of 9.6% through the forecast period.

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