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Weather Forecasting Services Market Set for Substantial Growth, Estimated to Reach USD 2.8 Billion by 2028, at a CAGR of 8.2%.

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Weather Forecasting Services Market Set for Substantial Growth, Estimated to Reach USD 2.8 Billion by 2028, at a CAGR of 8.2%.

March 18
16:05 2024
Weather Forecasting Services Market Set for Substantial Growth, Estimated to Reach USD 2.8 Billion by 2028, at a CAGR of 8.2%.
Weather Forecasting Services Market
The global Weather Forecasting Services Market is poised to reach USD 2.8 billion by 2028, at a CAGR of 8.2% during the forecast period.

The Weather Forecasting Services Market is poised for significant expansion, with a projected market value of USD 2.8 billion by 2028, according to a recent report by MarketsandMarkets. The market, valued at USD 1.9 billion in 2023, is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 8.2% during the forecast period from 2023 to 2028.

Key Segments:


  • Short-range Forecasting: Predictions covering up to 72 hours, crucial for day-to-day planning and operational decision-making.
  • Medium-range Forecasting: Predictions spanning from three to ten days, useful for strategic planning and risk management.
  • Long-range Forecasting: Predictions beyond ten days, providing insights into seasonal trends and climate patterns.


End User:

  • Government Agencies: Utilized for public safety, disaster preparedness, and resource management.
  • Commercial Enterprises: Employed for agriculture, aviation, transportation, energy, and other industries reliant on weather-sensitive operations.
  • Research Institutes: Engaged in climate studies, environmental monitoring, and scientific research.


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Weather Forecasting Services Market

Forecasting Method:

Numerical Weather Prediction (NWP): Utilizes computational models to simulate atmospheric processes and predict weather patterns.

Satellite Imagery: Leverages satellite data to monitor weather systems, track cloud cover, and observe atmospheric conditions.

Radar Systems: Employs radar technology to detect precipitation, measure wind speed, and identify severe weather phenomena.

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Growth Drivers:

Technological Advancements: Continuous advancements in weather forecasting technologies, including improved modeling techniques, enhanced data analytics, and the integration of Artificial Intelligence (AI) and Machine Learning (ML) algorithms.

Growing Demand for Accurate Forecasts: Increasing awareness of the importance of accurate weather predictions for disaster preparedness, agricultural planning, and operational efficiency across various industries.

Rising Frequency of Extreme Weather Events: The escalating frequency and intensity of extreme weather events, such as hurricanes, wildfires, and floods, driving demand for reliable forecasting services to mitigate risks and minimize impacts.


Data Quality and Availability: Limited availability of high-quality weather data, especially in remote or underdeveloped regions, posing challenges for accurate forecasting.

Modeling Uncertainties: Inherent uncertainties in weather prediction models, influenced by complex atmospheric interactions and dynamic environmental factors.

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Advancements in Data Analytics: Opportunities for innovation in data analytics techniques, leveraging Big Data analytics, IoT sensors, and advanced algorithms to enhance the accuracy and reliability of weather forecasts.

Expansion of Remote Sensing Technologies: Growing adoption of remote sensing technologies, including satellite imagery, LiDAR, and Doppler radar, to improve weather monitoring and forecasting capabilities.

Key Players:

The report identifies key players in the Global Weather Forecasting Services Market, including:

  • The Weather Company (IBM Corporation)
  • AccuWeather, Inc.
  • The Met Office
  • AerisWeather
  • DTN


The Global Weather Forecasting Services Market is witnessing robust growth driven by technological advancements, increasing demand for accurate forecasts, and the rising frequency of extreme weather events. As weather forecasting technologies continue to evolve, they are expected to play a pivotal role in mitigating risks and enhancing resilience across various sectors.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States