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The Surge In Weather Monitoring For Disaster Management: A Key Factor Shaping the Future of the Weather Forecasting Services Market in 2025
Weather Forecasting Services Market Size
The growth of the weather forecasting services market is expected to be driven by the increased focus on weather monitoring for disaster management. Weather monitoring services employ environmental monitoring gear to gather and analyze weather information, aiding in decision-making. Aside from providing highly accurate and dependable weather and climate change monitoring, for example, Access Partnership, a technology-focused public policy consultancy based in Belgium, predicted a 37% increase in the global annual number of natural disasters (from 442 to 541 incidents) by 2025. As a result, the role of weather monitoring in disaster management is a significant driver for the advancement of the weather forecasting services market.
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What growth opportunities are expected to drive the weather forecasting services market's CAGR through 2034?
There has been marked growth in the market size of weather forecasting services in the past few years. The market stands to further expand from $2.26 billion in 2024, touching $2.49 billion in 2025, representing a compound annual growth rate (CAGR) of 9.9%. Factors contributing to this upward trend in the historic period include increased consciousness and readiness, businesses going global, government funding in meteorology, the effects of severe weather conditions, and the use of precision agriculture methods.
The market size for weather forecasting services is anticipated to experience substantial growth in the upcoming years. The market is projected to reach a value of "$3.56 billion by the year 2029 with a compound annual growth rate (CAGR) of 9.3%. This significant growth during the forecast period can be linked to factors such as climate modeling, the rising demand for renewable energy, the integration of the internet of things (IoT), improved emergency management systems, and the collaboration between public and private sectors. Key trends noted within the forecast period include the incorporation of technology in aviation, advancements in meteorological technology, improvements in numerical weather prediction, the emergence of hyper-local weather forecasting, and the broadening of extreme weather prediction.
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What are the emerging trends shaping the future of the weather forecasting services market?
The weather forecasting services market is being significantly influenced by technological innovations. To keep competitive, companies in this market are embracing innovative technologies like artificial intelligence. For example, Jua.ai AG, a Swiss company specializing in AI-driven climate research and insights for weather forecasting, unveiled an AI-based platform in October 2022. This platform provides customized weather models to those working in the field of meteorology. It can accurately predict a wide range of weather-related factors, such as rainfall levels, wind speed, barometric pressure, and wind direction. Updated every quarter of an hour, it significantly enhances the accuracy of predictions for severe weather events. In terms of spatial resolution, it outperforms traditional options by 25 times, while offering a tenfold increase in temporal resolution.
Which growth-oriented segments of the weather forecasting services market are leading the industry's development?
The weather forecasting services market covered in this report is segmented -
1) By Type: Onshore Weather Forecasting Services, Offshore Weather Forecasting Services
2) By Forecast Type: Nowcast, Short-Range, Medium Range, Extended Range, Long Range
3) By Purpose: Operational Efficiency, Safety
4) By Organization Size: Large Enterprises, Small And Medium Enterprises
5) By Industry: Transportation, Aviation, Energy And Utilities, Banking Financial Services And Insurance (BFSI), Agriculture, Media, Manufacturing, Retail, Other Industries
Subsegments:
1) By Onshore Weather Forecasting Services: Local Weather Forecasts, National Weather Forecasts, Climate Monitoring Services
2) By Offshore Weather Forecasting Services: Marine Weather Forecasts, Coastal Weather Forecasts, Weather Routing Services
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What regions are leading the charge in the weather forecasting services market?
North America was the largest region in the weather forecasting services market in 2024. The regions covered in the weather forecasting services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the weather forecasting services market?
Major companies operating in the weather forecasting services market include AccuWeather Inc., Fugro NV, Met Office, The Weather Company (IBM), StormGeo AS, Precision Weather Service, DTN LLC, Earth Networks Inc., Spire Global Inc., The Tomorrow Companies Inc., ENAV S.p.A., BMT Group, Skymet Weather Services Pvt. Ltd., Skyview Systems Ltd., Jupiter Intelligence Inc., Weather Intelligence Pty. Ltd., WeatherBELL Analytics LLC, AerisWeather Inc., Custom Weather Inc., Vaisala Oyj, Ubimet GmbH, Clear Science Inc., Weather Source LLC, PESSL INSTRUMENTS GMBH, Weather Underground Inc., Climacell Inc., Windfinder GmbH, Meteoblue AG, Weatherbit Inc., Foreca Ltd., European Centre for Medium-Range Weather Forecasts, National Centers for Environmental Prediction
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What Is Covered In The Weather Forecasting Services Global Market Report?
• Market Size Forecast: Examine the weather forecasting services market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the weather forecasting services market for a structured understanding.
• Key Players Overview: Analyze major players in the weather forecasting services market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the weather forecasting services market.
• Segment Contributions: Evaluate how different segments drive overall growth in the weather forecasting services market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the weather forecasting services market.
• Industry Challenges: Identify potential risks and obstacles affecting the weather forecasting services market.
• Competitive Landscape: Review strategic developments in the weather forecasting services market, including expansions, agreements, and new product launches.
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