Global Weather Services Market Overview:
Weather simply refers to the condition of the air on the earth at a given place and time. It is a continuous, data-intensive, multidimensional, dynamic, and chaotic process. Weather forecasting is an application that combines science and technology to predict the state of the atmosphere in the future at a given location. Actually, weather forecasting is a big arrangement of time, funds, talent, and the absolute use of technology. It involves computing complex mathematical calculations. Weather services are used in severe weather alerts and advisories, predicting the behavior of the cloud for air transport, predicting waterways in a sea, agriculture development, and avoiding forest fires.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing demand for accurate and real time weather data.
Market Growth Drivers:
The Rise in Number of Natural Disasters Due To Undesired Climatic Changes, Development in Demand for Improved Application Areas among Aviation & Shipping Industry and Integration of weather services in transport and logistic sector.
Restraints:
Uncertainty in Forecasting Methods
Competitive Landscape:
Weather service is a fragmented market due to the presence of several international players. The players are focusing on planning strategic activities like partnerships, mergers, and acquisitions, which will help them sustain themselves in the market and maintain their competitive edge.
Some of the key players profiled in the report are The Weather Company (United States), DTN (United States), AccuWeather (United States), Fugro (Netherland), Enav S.P.A (Italy), Earth Networks (United States), AerisWeather (United States), BMT Group (United Kingdom), Custom Weather (United States), Met Office (United Kingdom), International Business Machine Corp. (United States), Precision Weather Services (United States) and Skymet Weather Services (India). Additionally, following companies can also be profiled that are part of our coverage like StormGeo (United Kingdom) and Meteoblue AG (Switzerland). Considering Market by Service Type, the sub-segment i.e. Historical will boost the Weather Services market. Considering Market by End User, the sub-segment i.e. Agriculture will boost the Weather Services market.
Latest Market Insights:
In January 2022, AccuWeather acquired Paris-based environmental technology company Plume Labs. Plume Labs will become AccuWeather's hub for climate and environmental data, leveraging its expertise to enhance AccuWeather's air quality forecasts for its global audience and expand its focus to encompass a wider spectrum of environmental threats. and This acquisition will also boost AccuWeather's investments in AI-powered weather forecasting, a crucial area of research for generating increasingly accurate predictions in a shifting climate.
In November 2023, AccuWeather introduced the first-of-its-kind brightness index. AccuWeather, the undisputed leader in superior accuracy in weather forecasting, announced the creation of a new patented index to give people a better characterization and description of the weather they have experienced that day and in the future.
What Can be Explored with the Weather Services Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Weather Services Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Weather Services
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Weather Services market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Weather Services market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.