The size of the world market for weather forecasting services, estimated at US$ 2.2 billion in 2021, is anticipated to grow at a 6.7% compound annual growth rate (CAGR) from 2022 to 2032.The demand for weather forecasting solutions and services is being fueled by factors like the growing demand for weather solutions across industries and the rising demand for weather forecast solutions due to uncertain climatic conditions and energy transitions. Accurate weather forecasts help businesses and industries optimise operations and reduce risks.
There are many different factors that can cause weather- and climate-related risks in agriculture, including scarcity of water supplies, drought, land degradation, erosion, hail, flooding, early frosts, and many others. Farmers’ decision-making can be informed and improved by the use of reliable weather and climate information and advisory services.The size of the world market for weather forecasting services, estimated at US$ 2.2 billion in 2021, is anticipated to grow at a 6.7% compound annual growth rate (CAGR) from 2022 to 2032.
The demand for weather forecasting solutions and services is being fueled by factors like the growing demand for weather solutions across industries and the rising demand for weather forecast solutions due to uncertain climatic conditions and energy transitions.
Accurate weather forecasts help businesses and industries optimise operations and reduce risks.There are many different factors that can cause weather- and climate-related risks in agriculture, including scarcity of water supplies, drought, land degradation, erosion, hail, flooding, early frosts, and many others. Farmers’ decision-making can be informed and improved by the use of reliable weather and climate information and advisory services.
Prominent weather forecasting service providers are reliant on partnerships, collaborations, acquisitions, and new software launch to stay afloat in the global market. Constant innovations to ensure a seamless client-customer relationship are the main focus of prominent market players.
By Key Players
Key Segments Covered In The Weather Forecasting Services Industry Survey
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