CHICAGO, UNITED STATES, July 13, 2023/EINPresswire.com/ -- Global 𝐰𝐞𝐚𝐭𝐡𝐞𝐫 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭𝐢𝐧𝐠 𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 revenue was 𝐔𝐒$ 𝟑.𝟔 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟐 and is projected to attain a valuation of 𝐔𝐒$ 𝟏𝟎.𝟑𝟕 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟏, growing at a 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟏𝟐.𝟔% during the forecast period from 𝟐𝟎𝟐𝟑 𝐭𝐨 𝟐𝟎𝟑𝟏.

𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐑𝐞𝐩𝐨𝐫𝐭@- https://www.astuteanalytica.com/request-sample/weather-forecasting-services-market

The global weather forecasting services market will continue to expand due to continued technology developments, more public awareness of the effects of climate change, and increased private sector involvement. Combining big data analytics, artificial intelligence, and machine learning will increase forecasting precision and provide more specialized services. The market will additionally profit from the advancement of cutting-edge communication technologies like 5G and IoT, which will allow for flawless data transmission and real-time weather updates.

The market has grown owing to the ongoing technological advancements in computing systems. For instance, a microburst, a type of wind shear that develops close to the ground owing to a thunderstorm's outflow, can be found using a Doppler radar. The airspeed loss brought on by low-altitude wind shear is automatically detected and reported by the terminal Doppler weather radar. Dual polarization technology also gives forecasters a more certain way to differentiate between various kinds of precipitation and their amounts. The robust radar technology used by the U.S. Navy has a lot of potential for enhancing weather predictions. Such innovations offer significant opportunities for market expansion.

The market is likely to rise due to increased weather monitoring for disaster management. Weather forecasting services use environmental monitoring tools to gather and evaluate weather data for decision-making. It offers excellent dependability and precision for monitoring the weather and climatic change. For instance, according to ReliefWeb, a UK-based platform for humanitarian information, the total frequency of natural disasters globally increased by 13% in 2021 compared to the previous 30 years (1991-2020). According to Access Partnership, a public policy consulting firm with a technology focus based in Belgium, the annual number of natural catastrophes worldwide is likely to increase by 37% (from 442 to 541 events) by 2025.

𝐏𝐮𝐛𝐥𝐢𝐜 𝐖𝐞𝐚𝐭𝐡𝐞𝐫 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐭𝐨 𝐂𝐚𝐩𝐭𝐮𝐫𝐞 𝟐𝟖% 𝐨𝐟 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐒𝐡𝐚𝐫𝐞

Governmental organizations and meteorology-focused institutions offer public weather forecasting services. The public weather forecasting service segment is likely to generate a 28% revenue share. The increased need for precise weather information among the general public, emergency responders, and government organizations drives the demand for public weather forecasting. Accurate weather information is essential for guaranteeing safety during flights and maritime operations. Hence the usage of public weather forecasting services is growing in popularity in the aviation and marine sectors.

𝐖𝐞𝐚𝐭𝐡𝐞𝐫 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐚𝐫𝐞 𝐌𝐚𝐣𝐨𝐫𝐥𝐲 𝐏𝐫𝐞𝐟𝐞𝐫𝐫𝐞𝐝 𝐟𝐨𝐫 𝐌𝐢𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐑𝐚𝐧𝐠𝐞

The medium-range segment is likely to attain a market revenue share of more than 30%. This is because it can deliver accurate weather data for up to 10 days, which is necessary for long-term choices in many businesses. Most service providers worldwide offer medium-range weather forecasts, and according to NOAA SciJinks, a 5-day forecast is 90% accurate, and a 7-day forecast is 80% accurate.

𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐭𝐨 𝐀𝐭𝐭𝐚𝐢𝐧 𝐀𝐫𝐨𝐮𝐧𝐝 𝟐𝟕.𝟓% 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐡𝐚𝐫𝐞 𝐛𝐲 𝟐𝟎𝟑𝟏

The Asia Pacific region is likely to witness rapid growth in the upcoming years, with a predicted increase in revenue share from 23.5% in 2022 to 27.5% by 2031. This shows a significant gain in market share, pointing to a market that is expanding quickly in the region.

The Asia Pacific region is home to 60% of the world's population. In addition, the region is extremely vulnerable to natural disasters, according to the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP). More than 400 occurrences, more than 50,000 fatalities, and an impact on more than 100 million people were caused by the region's significant increase in natural disasters in 2021, according to the market for weather forecasting services.

Weather forecasting services are essential for preventing and responding to natural disasters in the region. For instance, the Japan Meteorological Agency (JMA) issued early warnings to evacuate more than 3 million people in 2020 due to the impending Typhoon Hagibis, which slammed the Tokyo region and caused serious damage.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐌𝐨𝐫𝐞 𝐅𝐮𝐥𝐥 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭@- https://www.astuteanalytica.com/industry-report/weather-forecasting-services-market

The region's growing reliance on digital technology, which has prompted the creation of sophisticated weather forecasting models and facilitated easier access to meteorological data, can also be credited with the expansion of the Asia Pacific weather forecasting services market.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

Numerous entrepreneurs have entered the meteorological sector, utilizing cutting-edge technology like artificial intelligence (AI), machine learning (ML), and big data analytics to offer creative approaches to weather forecasting. These new competitors are pushing the limitations of conventional weather forecasting, forcing incumbent businesses to adapt and enhance their offerings to stay competitive.

In order to provide real-time data and rapid updates, the major providers are also concentrating on using high-speed internet access, such as 5G networks, in their weather forecasting services. The market is being positively impacted by the fact that many insurance companies utilize weather data to assess risks and determine premiums for policies covering natural disasters and other weather-related events.

The major companies in the world market for weather forecasting services include AccuWeather Inc., IBM Corporation, Fugro Group, StormGeo AS, ENAV S.p.A., DTN LLC, Infoplaza Marine Weather, Met Office, Weather Routing Inc., and Precision Weather Service, among others.

In the world, AccuWeather is regarded as one of the most trustworthy sources for weather forecasts and alerts. AccuWeather provides daily weather information to more than 1.5 billion people through its digital media, which includes free mobile apps, websites, radio, television, newspapers, and the AccuWeather Network channel. State College, Pennsylvania serves as its global headquarters and maintains offices globally.

StormGeo is a leading supplier of meteorological intelligence and data science, offering state-of-the-art services to a diverse customer base through 24/7 forecasting desks and research and development personnel located throughout the world. The business mainly serves the aviation, media, cross-industry, oil and gas, maritime, and renewable energy sectors. The business continuously expands and improves its market knowledge, products, and forecasting quality to give its partners and clients a competitive advantage.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬

• Accuweather, Inc.
• BMT Group
• DTN
• Earth Networks
• Fugro
• Global Weather Corporation (UCAR)
• Met Office
• Precision Weather Service
• Skyview Systems Ltd.
• Spire Global
• StormGeo (Alfa Laval AB)
• The Tomorrow Companies Inc.
• The Weather Company (IBM)
• Other Prominent players

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐎𝐮𝐭𝐥𝐢𝐧𝐞

𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐰𝐞𝐚𝐭𝐡𝐞𝐫 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭𝐢𝐧𝐠 𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐜𝐮𝐬𝐞𝐬 𝐨𝐧 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐓𝐲𝐩𝐞, 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐑𝐚𝐧𝐠𝐞, 𝐄𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞 𝐒𝐢𝐳𝐞, 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧, 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲, 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧.

𝐁𝐲 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐓𝐲𝐩𝐞

• Public Weather Forecasting Services
• Custom Weather Forecasting Service
• Offshore Forecasting Services
• Hurricane & Typhoon Forecasting Services
• Risk Management Services
• Others
𝐁𝐲 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐑𝐚𝐧𝐠𝐞
• Nowcasting
• Short Range
• Medium Range
• Long Range
𝐁𝐲 𝐄𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞 𝐒𝐢𝐳𝐞
• Small & Medium Enterprises (SMEs)
• Large Enterprises
𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
• Safety
• Operational Efficiency
• Others
𝐁𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲
• Agriculture
• Aviation
• Renewables
• BFSI
• Energy & Utilities
• Media
• Oil & Gas
• Transportation
• Others
𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧
• North America
o The U.S.
o Canada
o Mexico
• Europe
• Western Europe
 The UK
 Germany
 France
 Italy
 Spain
• Rest of Western Europe
Eastern Europe
 Poland
 Russia
• Rest of Eastern Europe
Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• South Korea
• ASEAN
• Rest of Asia Pacific
Middle East & Africa (MEA)
• Saudi Arabia
• South Africa
• UAE
• Rest of MEA
South America
• Argentina
• Brazil
• Rest of South America

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐑𝐞𝐩𝐨𝐫𝐭@- https://www.astuteanalytica.com/request-sample/weather-forecasting-services-market

𝐀𝐛𝐨𝐮𝐭 𝐀𝐬𝐭𝐮𝐭𝐞 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐚:

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