Weather Forecasting Services Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

The global weather forecasting services market is anticipated to grow at a significant CAGR of 9.1% during the forecast period. The market growth is attributed to factors such as the growth of the agriculture industry in terms of technology and yield, the growth of aviation, logistics transportation, and media industries, increasing demand for weather forecasting services from the government, and growing public awareness about weather forecasting, technological advancements in weather forecasting instance,

· In July 2023, AccuWeather announced its new AccuWeather Command Center Display System at the 2023 Esri User Conference. The Commander is a large interactive display designed to integrate with Esri's geographic information system (GIS) software which allows to enhance user experience. Apart from this, it has many features such as unlimited screens, advanced telestration, detailed iconography, and a spotlight feature.

· In March 2023, StromGeo, a weather intelligence provider increased its stake in Climatempo, a meteorological service provider in Brazil, from 51% to 89.66%. Through this deal, the company aims to provide its services to companies across South America.

· In July 2023, the National Oceanic and Atmospheric Administration (NOAA) 's division Space Weather Prediction Center (SWPC) upgraded one of its advanced physics-based space weather models leading to increased lead time for predicting the impact of geomagnetic storms on communications and navigation systems. The August 2 upgrade will also deliver new products for satellite operators - to help with decision-making, maneuver planning, orbit prediction, and collision avoidance - and for the aviation and communication sectors.

· In July 2023, leading weather forecasting and risk management company, Skymet Weather Services announced its Artificial Intelligence (AI) backed system 'Skymet AI'. It is an AI-based powered system designed to provide real-time weather insights and forecasts as per customer needs, The key feature of the tool is a Natural Processing Language (NLP) based system that allows interactive conversation with the user.

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Market Coverage

• The market number available for - 2022-2030

• Base year- 2022

• Forecast period- 2023-2030

Segment Covered-

· By forecasting type

· By ownership

· By End-User

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape- AccuWeather, Inc., International Business Machines Corporation (IBM), DTN, Earth Networks, Inc., WeatherBELL Analytics, LLC, and others.

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Weather Forecast Services Market Report Segment

By Forecasting Type

• Nowcast forecasting services.

• Short-term forecasting services

• Medium-term forecasting services

• Long-term forecasting services

By Ownership

• Government-owned weather forecasting services

• Private-owned weather forecasting services

By End-Users

• Media

• Aviation

• Research

• Agriculture

• Events

• Retail

• Others (Construction, Energy, and utilities)

Weather Forecast Services Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

· AccuWeather, Inc.

· British Broadcasting Corporation (BBC Weather)

· Bureau of Meteorology (Australia)

· China Meteorological Administration (CMA)

· DTN

· Advanced Environmental Monitoring LLC

· European Centre for Medium-Range Weather Forecasts (ECMWF)

· Foreca Ltd.

· India Meteorological Department (IMD)

· International Business Machines Corporation (IBM)

· Japan Meteorological Agency (JMA)

· Met Éireann (Ireland)

· Météo-France

· National Oceanic and Atmospheric Administration (NOAA)

· Pelmorex Corp.

· StormGeo AS

· The Met Office (UK)

· WeatherBELL Analytics, LLC

· Weathernews Inc.

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