Weather Forecasting Services Market Size, Share, Industry Trends and Forecast to 2033
This report provides an in-depth analysis of the Weather Forecasting Services market from 2023 to 2033, including market size, growth metrics, industry analysis, regional insights, segment performance, technology advancements, and future trends.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $5.60 Billion |
| CAGR (2023-2033) | 6.8% |
| 2033 Market Size | $11.01 Billion |
| Top Companies | The Weather Company, AccuWeather, MeteoGroup, DTN, NOAA |
| Last Modified Date | 15 Nov 2024 |
Weather Forecasting Services Market Report (2023 - 2033)
Weather Forecasting Services Market Overview
What is the Market Size & CAGR of Weather Forecasting Services market in 2023?
Weather Forecasting Services Industry Analysis
Weather Forecasting Services Market Segmentation and Scope
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Weather Forecasting Services Market Analysis Report by Region
Europe Weather Forecasting Services Market Report:
Europe's market is projected to grow from $1.53 billion in 2023 to $3.01 billion by 2033, spurred by climate initiatives and technologies aimed at improving forecasting accuracy in varied weather conditions.Asia Pacific Weather Forecasting Services Market Report:
In 2023, the Asia Pacific Weather Forecasting Services market is valued at $1.12 billion and is expected to reach $2.19 billion by 2033, demonstrating significant growth driven by increased investment in disaster preparedness and climate adaptation strategies.North America Weather Forecasting Services Market Report:
North America presents a robust market, evolving from $1.96 billion in 2023 to $3.85 billion in 2033. The demand for advanced forecasting services is primarily driven by the energy sector and governmental agencies.South America Weather Forecasting Services Market Report:
The South America region shows a projected market growth from $0.22 billion in 2023 to $0.43 billion by 2033. The growth is largely fueled by improving agricultural practices and enhancing tourism planning.Middle East & Africa Weather Forecasting Services Market Report:
The Middle East and Africa are anticipated to grow from $0.78 billion in 2023 to $1.52 billion by 2033. Rising urbanization and awareness of climate change impacts contribute to this growth.Request a custom research report for industry.
Weather Forecasting Services Market Analysis By Forecast Type
Global Weather Forecasting Services Market, By Forecast Type Market Analysis (2023 - 2033)
The Weather Forecasting Services market is segmented by forecast type into short-term, medium-term, and long-term forecasts. In 2023, short-term forecasts dominate at $3.64 billion (65.02% share), followed by medium-term at $1.39 billion (24.75% share) and long-term forecasts at $0.57 billion (10.23% share). By 2033, the short-term segment is expected to maintain its leading position, growing to $7.16 billion, while medium-term and long-term forecasts also see growth to $2.72 billion and $1.13 billion respectively.
Weather Forecasting Services Market Analysis By Deployment Mode
Global Weather Forecasting Services Market, By Deployment Mode Market Analysis (2023 - 2033)
Cloud-based solutions in the Weather Forecasting Services market represent a significant segment, anticipated to grow from $4.81 billion in 2023 (85.9% share) to $9.45 billion by 2033. In contrast, on-premises solutions are expected to grow from $0.79 billion (14.1% share) in 2023 to $1.55 billion by 2033, highlighting a strong preference for flexible, scalable cloud services among users.
Weather Forecasting Services Market Analysis By End User
Global Weather Forecasting Services Market, By End-User Market Analysis (2023 - 2033)
Key end-users in the Weather Forecasting Services market include government agencies, agriculture, transportation & logistics, energy, and tourism. Government agencies lead the market with a size of $2.65 billion (47.33% share) in 2023, growing to $5.21 billion (47.33% share) by 2033. The agriculture segment accounts for $1.18 billion (21.16% share) initially, increasing to $2.33 billion, indicating substantial reliance on weather forecasts for crop management.
Weather Forecasting Services Market Analysis By Technology
Global Weather Forecasting Services Market, By Technology Market Analysis (2023 - 2033)
The technology segment includes satellite technology ($3.64 billion, 65.02% share), radar technology ($1.39 billion, 24.75% share), and IoT sensor technology ($0.57 billion, 10.23% share) as of 2023. By 2033, satellite technology is expected to grow to $7.16 billion while radar systems advance to $2.72 billion, underlining the increasing importance of satellite-based forecasting solutions.
Weather Forecasting Services Market Analysis By Service Type
Global Weather Forecasting Services Market, By Service Type Market Analysis (2023 - 2033)
Consulting services ($3.64 billion, 65.02% share) and data analysis services ($1.39 billion, 24.75% share) lead among service types in 2023. Projections to 2033 show consulting services at $7.16 billion, emphasizing the need for expert guidance in interpreting complex weather data and implementing forecasting solutions effectively.
Weather Forecasting Services Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Weather Forecasting Services Industry
The Weather Company:
A subsidiary of IBM, The Weather Company provides comprehensive weather data services, focusing on corporate clients and high-volume data solutions.AccuWeather:
AccuWeather is a leading provider of weather forecasting services, known for its minute-by-minute precipitation forecasts and robust mobile applications.MeteoGroup:
MeteoGroup provides customized forecasting for various sectors, leveraging advanced modeling technologies to offer precise weather predictions.DTN:
DTN is an information services company that provides weather data solutions primarily for agriculture, energy, and transportation sectors.NOAA:
The National Oceanic and Atmospheric Administration (NOAA) is a scientific agency that provides weather and climate forecasts, emphasizing public safety and environmental research.We're grateful to work with incredible clients.
