Weather Forecasting Services Market is to grow at 6.7% During the Forecast Period 2022 to 2032

The market for weather forecasting services is expected to generate US$ 2.35 billion by 2022, from an estimated US$ 2.2 billion in 2021. By 2032, the market is expected to reach US$ 4.5 billion, with a 6.7% CAGR during the forecasted period of 2022–2022. The market's growth can be due to the increasing need in end-use industries including transportation, logistics, and renewable energy to boost productivity and cut costs in various developing nations.

It is anticipated that the business will experience significant development opportunities over the course of the forecasting period due to the growing use of short-range weather forecasting services to forecast environmental conditions.

Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14885

On the other hand, it is projected that the primary impediment to the market's expansion will be the underlying nonlinearity of weather forecasting models. The process' rising complexity as a result of the proper integration and analysis of a massive amount of data is another barrier inhibiting the industry's progress over the Forecasting period.

Key Takeaways from the Market Study

• Weather forecasting services for agriculture to capture the largest revenue share of more than 60%
• Medium-range Forecasting services segment to expand at a CAGR of 6.7% during the Forecasting period
• The U.S market is expected to secure USD 1.44 Billion while expanding at a CAGR of 7%
• China to record a CAGR of 6.8% during the 2022-2032 period of assessment

Competitive Landscape?

Key players in the global Weather Forecasting Services market include AccuWeather, Inc., DTN, Earth Networks, Fugro, Met Office, Precision Weather Service, Spire Global, StormGeo, The Tomorrow Companies Inc., and The Weather Company (IBM). Some of the recent key developments among the players are:

• In January 2022, Global weather and digital media leader AccuWeather announced the acquisition of?Paris-based environmental technology company Plume Labs®?for an undisclosed amount, effective immediately. The deal is AccuWeather’s 15th?acquisition since its founding 59 years ago.? AccuWeather integrated the company in?January 2022?and the deal was closed in December of 2021.
• In May 2022, DTN, a global data, analytics, and technology company began testing the high-performance computing (HPC) capabilities of Amazon Web Services (AWS) and running data processing and modeling workloads on?Amazon Elastic Compute Cloud?(Amazon EC2), a service that provides secure, resizable compute capacity in the cloud.

Request for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-14885

More Valuable Insights Available

FMI, in its new offering, presents an unbiased analysis of the global Weather Forecasting Services market, presenting historical market data (2017-2021) and Forecasting statistics for the period of 2022-2032.

Key Segments Covered In The Weather Forecasting Services Industry Survey

Weather Forecasting Services Market by Forecast:

• Nowcasting Weather Forecasting Services
• Short-range Weather Forecasting Services
• Medium-range Weather Forecasting Services
• Long-range Weather Forecasting Services

Weather Forecasting Services Market by Organization Size:

• Weather Forecasting Services for Large Enterprises
• Weather Forecasting Services for Small & Medium Enterprises

Weather Forecasting Services Market by Industry:

• Weather Forecasting Services for Agriculture
• Weather Forecasting Services for Aviation
• Weather Forecasting Services for Energy & Utilities
• Weather Forecasting Services for Renewables
• Weather Forecasting Services for Retail
• Weather Forecasting Services for Manufacturing
• Weather Forecasting Services for Media
• Weather Forecasting Services for Logistics & Transportation
• Weather Forecasting Services for Marine Industry
• Weather Forecasting Services for Other Industries

Weather Forecasting Services Market by Region:

• North America Weather Forecasting Services Market
• Latin America Weather Forecasting Services Market
• Europe Weather Forecasting Services Market
• Asia Pacific Weather Forecasting Services Market
• The Middle East & Africa Weather Forecasting Services Market

Ask An Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-14885