Weather Forecasting Services Market Set to Witness an Uptick during 2022 to 2030Posted by Mrudula Anil Karmarkar on July 11th, 2023 San Francisco, 11 July 2023: The ReportWeather Forecasting Services Market Size, Share & Trends Analysis Report By Forecast (Nowcasting, Short-range), By Organization Size, By Industry, By Region, And Segment Forecasts, 2022 - 2030 The global weather forecasting services market size is expected to reach USD 4.0 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.7% from 2022 to 2030. Many businesses and industries such as aviation, agriculture, marine, transportation and logistics, and renewables are weather-sensitive, requiring highly accurate weather forecasting services and solutions to make decisions and operate efficiently. Climate change has led to more frequent extreme weather events, driving the demand for weather forecasting services worldwide. The Covid-19 pandemic struck the globe in 2020, leading to travel restrictions and lockdowns. It impacted the operations of the market players owing to government regulations and supply chain disruption. Some of the market players witnessed negative or lower year-over-year (YoY) growth in revenues during the financial year. The accuracy of weather forecasts was probably reduced as lesser flights operated during the lockdown period. Other observation systems such as marine and satellites were affected to a lesser extent. Many weather forecasting service providers offer tailored solutions to industries, meeting application-specific needs. Technological advancements such as Artificial Intelligence (AI) and Machine Learning (ML) are expected to aid in improving the weather forecast quality. Many players also offer data and analytics weather solutions to their clients, helping them mitigate risks and operate more efficiently. Market players are investing in research and technology such as automation and supercomputers for providing highly accurate weather forecasts. Factors such as the increasing need for weather solutions across industries and rising demand for weather forecast solutions due to uncertain climate conditions and energy transitions are fueling the demand for weather forecasting solutions and services. Industries and businesses optimize their operations and mitigate risks using accurate weather forecasts. Request sample report of Weather Forecasting Services Market @https://www.grandviewresearch.com/industry-analysis/weather-forecasting-services-market-report/request/rs1 Weather Forecasting Services Market Report Highlights
The COVD-19 pandemic had a negative impact on the market. It led to the movement restrictions due to government guidelines with respect to the reduced number of flights operating worldwide. The marine observing system also was negatively impacted owing to the restrictions, but to a lesser extent than air-based observation systems. Automated systems such as the satellite systems were mostly unaffected as they were less reliant on human actions. List of Key Players of Weather Forecasting Services Market
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