The global weather forecasting services market revenue is expected to expand at a lucrative CAGR over the forecast period. Advancements in various computing systems like advanced data analytics is a major factor booming growth of the global weather forecasting services market. On the other hand, lack of skilled workforce is a major factor hampering growth of the global weather forecasting services market.

The global weather forecasting services market report has been segmented on the basis of forecasting type, end-use industry, and region.

On the basis of forecasting type, the global weather forecasting services market is segmented into short-range forecasting, medium-range forecasting and long-range forecasting. The medium-range forecasting segment is anticipated to witness significant growth over the forecast period, and is expected to register a CAGR of X.X%. in addition, long-range forecasting segment is projected to witness moderate growth over the forecast period.

On the basis of end0use industry the global market is segmented into transportation/shipping, aviation, energy & utilities, banking financial services & insurance (BFSI), and others (agriculture, media, manufacturing, retail).

On the basis of region, the global weather forecasting services market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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North America market is expected to dominate in the global market, and is projected to maintain its dominance over the forecast period. This can be attributed to increasing remarkable technological advancements and rising need from aviation industry in countries in the region.

Asia Pacific market is projected to register highest CAGR in terms of revenue over the forecast period, and is expected to register a CAGR of X.X%. This can be attributed to rising growth of shipping industry in the region. The markets in Latin America and Middle East & Africa are projected to witness moderate growth over the forecast period.

Prominent players in the global weather forecasting services market include Global Weather Corporation, AccuWeather Inc., BMT Group Ltd. Skymet Weather Services Pvt., Ltd. The Weather Company, Fugro N.V., ENAV S.p.A, Met Office, and Sky View Systems Ltd.

 

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