AMR Predicts Meteoric Growth of Weather Forecasting Services Industry, Valued at $4.19 Billion in 2030

Increase in safety concerns among end-use industries and growth of aviation & shipping industries drive the global weather forecasting services market. However, complications regarding weather forecasting models and dearth of skilled workforce hinder the market growth. On the contrary, technological advancements in computing systems would open new opportunities in the future.

Geographically, North America held the reins of the weather forecasting services market in 2020, owing to a large number of vendors and favorable government policies. However, the Asia-Pacific region is expected to witness the highest growth rate, fueled by its vast population base and its status as a global hub for goods transportation.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/2390

Weather forecasting services encompass a broad array of methodologies, tools, solutions, and approaches interconnected with meteorology. The process of weather forecasting involves utilizing diverse tools to assess atmospheric data, delivering current or future weather patterns for specific locations. This field extensively utilizes both structured and unstructured data to enhance analytical outputs, thereby contributing to increased revenue across various end-use sectors.

The market for weather forecasting services experiences growth propelled by factors such as the aviation and shipping industry expansion, coupled with heightened safety concerns among end-use sectors. Additionally, the market benefits from the increased production of renewable energy. However, challenges linked to the complexity of weather forecasting models and a shortage of skilled workforce pose potential obstacles to market growth. On the positive side, technological advancements in computing systems and the burgeoning transportation industry in developing regions offer lucrative opportunities for market expansion.

☛For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/2390


In terms of end-use industry, the aviation segment dominated the weather forecasting services market in 2020 and is anticipated to maintain its supremacy, driven by the growing integration of aerospace IT infrastructure in the aviation sector. Meanwhile, the transportation segment is poised for the highest growth during the forecast period. This surge is attributed to the direct influence of transport system security on operational safety and productivity, thereby indirectly impacting the services.


Covid-19 scenario:

➢ The demand for weather forecasting services declined during the Covid-19 pandemic, due to adoption of work from home across the globe.

➢ Several government organizations, and NGOs adopted weather forecasting services for improving losses suffered due to natural disaster and pandemic.



☛Buy Now & Get Exclusive Discount On This Report: https://www.alliedmarketresearch.com/weather-forecasting-services-market/purchase-options



By forecasting type, the medium range forecasting segment is estimated to register the highest CAGR of 13.5% during the forecast period, owing to surge in demand to deliver quantitative accurate forecast for parameters including cloud, humidity, rainfall, wind, and temperature. However, the short range forecasting segment dominated the market in terms of revenue, contributing to nearly half of the global weather forecasting services market in 2020, due to rapid industrialization and growth in air & sea transport.

By end use industry, the energy and utilities segment held the largest share in 2020, contributing to more than one-fourth of the global weather forecasting services industry, as uncertainty of weather events increases the risks for offshore operations. However, the transportation segment is estimated to register the highest CAGR of 16.6% during the forecast period, owing to impact on operational safety and productivity of the industry by security of transport systems.

☛ Access the full summary at: https://www.alliedmarketresearch.com/weather-forecasting-services-market


By region, the market across North America held the largest share in 2020, accounting for more than one-third of the global weather forecasting services market, due to presence of prominent players in the region. However, the market across Asia-Pacific region is projected to portray the highest CAGR of 13.4% during the forecast period, due to GDP growth and adoption of advanced technical models by prominent market players.


Major market players:

➢ AccuWeather, Inc.

➢ BMT Group

➢ ENAV

➢ Fugro

➢ Global Weather Corporation

➢ Met Office

➢ Precision Weather Services

➢ Skymet Weather Services Pvt., Ltd.

➢ Skyview Systems Ltd.

➢ The Weather Company

☛Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/2390
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

This release was published on openPR.