Market Overview:
According to our latest market study on “Weather Forecasting Services Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Industry, Purpose, Forecasting Type, and Organization Size,” the market was vaued at US$ 1,501.00 million in 2021 and is projected to reach US$ 2,732.2 million by 2028; it is expected to grow at a CAGR of 8.9% from 2021 to 2028.
Get Sample PDF: https://www.theinsightpartners.com/sample/TIPRE00003029/
Changing Climate Patterns Resulting in Uncertainties in Rainfall
With a constant increase in the temperature and the air becoming warmer, water evaporation has intensified, leading to frequent downpours and heavy snowfall. This heavy precipitation is not spread evenly across the world with some places not getting required amount of precipitation. Since climate change causes a shift in air and ocean currents, it changes weather patterns. The rising incidence of natural disasters due to undesired climatic changes and subsequent security concerns has surfaced as the key factor behind the growth in the global weather forecasting services market. Advanced and reliable weather forecasting achieved within the stipulated time can lead to significant cost savings and also help with protection against catastrophes and natural disasters. The technological advancements in computing systems, such as advanced data analytics, model development, and machine learning tools and techniques, are likely to boost he demand for weather forecasting services during the forecast period.
Buy Now: https://www.theinsightpartners.com/buy/TIPRE00003029/
Key Findings of Study:
The weather forecasting services market is broadly segmented into five major regions — North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). North America led the market in 2020. Rising demand for weather forecasting based on big data analytics is one of the critical reasons to propel the growth of the weather forecasting services market. Furthermore, the changing climate pattern has resulted in rainfall uncertainties. Weather forecasting is a consulting service that provides real-time forecasts and assists in daily planning and informed decision-making in a range of industrial contexts. Companies can plan weather-sensitive activities ahead of time using advanced weather notifications, resulting in a significant cost savings, greater sustainability, efficiency, and safety.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
0
