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The “Global Weather Forecasting Systems Market by Vertical (Agriculture, Aviation, Transportation & Logistics, Oil & Gas, Marine, Renewable Energy, Meteorology, Weather Service Providers), Application, Solution, Forecast Type, and Region – Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.
The Global Weather Forecasting Systems Market is projected to grow from USD 2.7 billion in 2021 to USD 3.5 billion by 2026, at a CAGR of 5.1% in terms of value during the forecasted period.
The market exhibits lucrative growth potential during the forecast period primarily due to the increasing demand for weather monitoring systems by end-user industries to align their business activities as per the changes in prevalent weather conditions. The market is also driven by the enhanced need for weather monitoring to support disaster management at a local, regional, and global level.
The Weather Forecasting Systems Market is dominated by a handful of established players, mainly due to the high technical expertise required to design the necessary equipment that are integrated into weather stations. The key players in the market include The Weather Company, Vaisala Oyj, DTN, AccuWeather Inc., and StormGeo. These players have spread their business across various countries including North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The COVID-19 pandemic has deleteriously impacted the Weather Forecasting systems market. The short -term outlook for the Weather Forecasting systems market is ultimately dependent on the quick response of the governments to contain the COVID-19 outbreak, the effectiveness of their efforts, and the lingering …
Full story available on Benzinga.com
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