Weather Forecast Services market size is expected to grow from $1.5 billion in 2020 to $2.3 billion in 2025 at a CAGR of 9% over the forecast period. The current business scenario is that the adoption of weather forecasting services in developed and developing regions has increased dramatically due to technological innovation in product offerings, increasing demand for improved performance and operational efficiency, increasing demand for advanced data analytics models, and growing applications. The area between end users. In addition, lower maintenance operating costs, increased air traffic, increased need for reduced economic turnbacks, and increased awareness of predictive solutions are expected to present profitable opportunities to the market. However, the uncertainty of weather forecasting solutions, the complexity of these models, and the lack of skilled professionals are expected to limit the growth of the weather forecast services market.
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Company Profile
Major players operating in the weather forecasting services market The Weather Company (US), AccuWeather (US), DTN (US), StormGeo (Norway), Fugro (Netherlands), and ENAV S.p.A. (Italy), among others.
Market Segmentation
Weather Forecasting Services Market Segmentations
By Industry
- Agriculture
- Aviation
- Marine
- Transport & Logistics
- Energy & Utilities
- Oil & Gas
- Media
- Insurance
- Retail
- Construction & Mining
- Others
By Purpose
- Operational Efficiency
- Safety
- Others
By Forecasting Type
- Nowcast
- Short Range
- Medium Range
- Long Range
By Organization Size
- Large Enterprises
- Small & Medium-Sized Enterprises
Scope of the Report
The research study analyzes the global Weather Forecasting Services industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Weather Forecasting Services Market Report
1. What was the Weather Forecasting Services Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Weather Forecasting Services Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Weather Forecasting Services Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Weather Forecasting Services market.
- The market share of the global Weather Forecasting Services market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Weather Forecasting Services market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Weather Forecasting Services market.
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