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Description
Weather Forecasting Services Market size was valued at USD 1.66 billion in 2021 and is expected to grow at a CAGR of 12.6% from 2022–2028. Weather forecast refers to a type of consulting service that provides real-time forecasts and aids in day-to-day operations and informed decision-making in various industry settings. Key factors that are expected to boost the growth of market include the growing demand for weather forecasting using big data and advanced analytics. In addition, climate change has created uncertainties related to rainfall patterns. Therefore, the proliferation of weather forecasting services in industries to enhance safety and reduce losses is a key factor that drives the market growth. Moreover, increasing use of weather forecasting in transport & logistics to improve their infrastructure burgeoning the market. Collaboration & partnership of key players aims to provide deeper insights to customers and help them make decisions. Long-term weather patterns can be made with great accuracy, but there is no proper way to make accurate weather analysis in the short term. This is expected to hinder the weather forecasting services market growth.
