The Europe Weather Forecasting Services Market would witness market growth of 9.3% CAGR during the forecast period (2021-2027).
For more accurate weather predictions and preparation, the Internet of Things can also be an efficient measure. New technology and applications, such as low-cost sensors and mobile phones connected to an IoT network, enable the collection of massive amounts of complicated, real-time data that can be used to inform flood risk assessment and monitoring. Data from an IoT network can be gathered and mapped in a single cloud location to provide a big picture view of an emergency. Moreover, flood sensors, barometric pressure, cell phones, monitors, and dam alert systems can provide greater long-term flood preparedness information over time.
In addition, the cultivation of vegetables and fruits is driven by various factors, such as humidity, temperature, and precipitation all plays a role. Moreover, due to the advancement of meteorology and the use of supercomputers to collect data, companies are now able to provide accurate weather forecasts. Farmers may better understand and follow the growing condition of their crops and farming operations by reviewing weather forecasts on a daily basis. This allows them to make potentially cost-effective decisions. Making suitable plans is one of the most visible advantages of weather forecasting.
European countries have the strongest environmental safety requirements in the world, hence they have a large portion of the weather forecasting services market. The numerical weather predictions of the European Centre for Medium-Range Meteorological Forecasting (ECMWF) are among the most significant sources of information regarding meteorologists in weather services.
These meteorologists then create weather forecasts for a variety of clients, including emergency services, transportation, the media, and the general public. Weather impacts are becoming increasingly sensitive, and resource management is strongly reliant on weather predictions, with financial consequences that are caused by magnitude greater than the cost of meteorological infrastructure.
The Germany market dominated the Europe Weather Forecasting Services Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $185.9 million by 2027. The UK market is estimated to witness a CAGR of 8.4% during (2021 - 2027). Additionally, The France market would exhibit a CAGR of 10.1% during (2021 - 2027).
Based on Forecast Type, the market is segmented into Short Range, Medium Range, and Long Range. Based on Industry, the market is segmented into Energy & Utilities, BFSI, Agriculture & Forestry, Aviation, Media, Transportation, Oil & Gas and Others. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-Sized Enterprises. Based on Purpose, the market is segmented into Safety, Operational Efficiency, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Weather Forecasting Services Market Size will Hit $2.8 Billion by 2027, at a CAGR of 9.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Global Weather Corporation (UCAR), Accuweather, Inc., BMT Group, StormGeo (Alfa Laval AB), Precision Weather, The Weather Company (IBM), Fugro N.V., Enav S.p.A, Met Office, and Skyview Systems Ltd.
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