Weather forecasting services help in predicting the atmospheric condition of a location at a given time. Weather forecasting utilizes various solutions to analyze atmospheric data and predict the future tend of the atmosphere. Weather forecasting services are used by various industries such as aviation, transportation, manufacturing, and retail among others. These services in reduction of maintenance cost and improving the safety and life of property. Various big players such as IBM are focusing on providing better solutions and third party vendors are focusing on providing several value added services at attractive prices to attract more customers and maximize their revenues. The growing concerns about safety among end-user industries, growing aviation sector are the major factors that are expected to drive the growth of this market whereas complex weather forecast models is impeding the growth of this market.
The "Global Weather Forecasting Services Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the weather forecasting services market with detailed market segmentation by on service type, industry vertical, and geography. The report provides key statistics on the market status of the leading weather forecasting services market players and offers key trends and opportunities in the market.
- Based on service type, the global weather forecasting services market is segmented into professional service and managed service.
- On the basis of industry vertical, the market is segmented into transportation, aviation, energy & utilities, agriculture, media, and others.
- Increasing adoption of weather forecasting services is bolstering the market growth.
- Technological innovations are also anticipated to drive the market growth.
- Lack of trained professionals may hinder the growth of the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The weather forecasting services market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the weather forecasting services market in these regions.
IMPACT OF COVID-19 ON WEATHER FORECASTING SERVICES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the weather forecasting services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from weather forecasting services market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the weather forecasting services market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Accuweather Inc.
- BMT Group Ltd
- Enav S.p.A.
- Global Weather Corporation
- Met Office
- Precision Weather
- Skymet Weather Services Pvt., Ltd.
- The Weather Company (IBM)
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.