Global weather forecasting services sector to reach US$2.7bn by 2028

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The global weather forecasting services market is expected to grow from US$1.5bn in 2021 to US$2.7bn by 2028, based on a compound annual growth rate (CAGR) of 8.9%.

According to a new report by ResearchAndMarkets.com, the rising incidence of natural disasters due to undesired climatic changes, and the subsequent security concerns, have surfaced as the key factors behind the growth in the global weather forecasting services market.

Advanced and reliable weather forecasting achieved within the stipulated time can lead to significant cost savings and also help protect against catastrophes and natural disasters. The technological advancements in computing systems, such as advanced data analytics, model development and machine learning tools and techniques, are likely to boost the demand for weather forecasting services during the forecast period.

To find out more about the Weather Forecasting Services Market Forecast to 2028 – COVID-19 Impact and Global Analysis report, click here.

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About Author

mm
, editor-in-chief

Dan first joined UKi Media & Events in 2014 having spent the early years of his career in the recruitment industry. As editor, he now produces content for Meteorological Technology International, unearthing the latest technological advances and research methods for the publication of each exciting new issue. When he’s not reporting on the latest meteorological news, Dan can be found on the golf course or apprehensively planning his next DIY project.

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