North America Weather Forecasting Services Market Size, Share & Industry Trends Analysis Report By Forecast Type (Short Range, Medium Range, and Long Range), By Industry, By Organization Size, By Purpose, By Country and Growth Forecast, 2021 - 2027
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Market Report Description
The North America Weather Forecasting Services Market would witness market growth of 9.5% CAGR during the forecast period (2021-2027).
Many applications offer 24-hour weather forecasting with up to 97 percent accuracy. An accurate 7-day weather forecast is worth 80% of the time. Many meteorologists believe that the weather can be forecasted accurately up to ten days ahead of time. Many websites aim to provide long-term weather forecasts in advance, leveraging the immense benefits of weather forecasting. The weather forecasting services market is growing due to an increase in natural disasters as a result of unfavorable climate changes and the resulting security concerns. Advanced and accurate weather forecasting completed in a timely manner can result in significant cost savings as well as aid in the prevention of calamities and natural disasters. Because weather forecasting services are completely based on complicated models, professional meteorologists and geologists are required to run the weather forecasting systems.
Food and agriculture weather forecasting is more than scientific interest. Knowing the weather conditions for a certain location ahead of time can save crops and safeguard property. As a result, farmers and operators are becoming increasingly interested in weather forecasting services that are tailored to their specific needs. Profit maximization, loss minimization, and increased net farm income are among these requirements. Weather information is an imperative must for any farmer to evaluate while making important decisions.
Systematic weather records were kept after tools for assessing atmospheric conditions were available in the 17th century. Those involved in agriculture were the primary users of these early records. Planting and harvesting can obviously be better planned and executed if long-term weather conditions can be predicted.
This region's businesses were among the first to adopt modern technologies. Technological breakthroughs, like enhancements in computer forecast and data analytics models, as well as a surge in the utilization of supercomputers that give greater computational power, are benefiting the North American market. The market for weather forecasting services in the region is growing due to a focus on using the newest WFS technologies to produce accurate weather predictions.
The US market dominated the North America Weather Forecasting Services Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $725.4 million by 2027. The Canada market is exhibiting a CAGR of 12% during (2021 - 2027). Additionally, The Mexico market would experience aa CAGR of 11.1% 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 U.S., Mexico, Canada, and Rest of North America.
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.
Scope of the Study
Market Segments Covered in the Report:
By Forecast Type
- Short Range
- Medium Range
- Long Range
- Energy & Utilities
- Agriculture & Forestry
- Oil & Gas
By Organization Size
- Large Enterprises
- Small & Medium-Sized Enterprises
- Operational Efficiency
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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
- Skyview Systems Ltd.
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