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Weather Forecasting Services Market Anticipates 8.2% CAGR, Reaching $2.8 Billion by 2028

The Global Weather Forecasting Services Market is poised for substantial growth, with an estimated value of USD 1.9 billion in 2023, projected to reach USD 2.8 billion by 2028.

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Weather Forecasting Services Market Anticipates 8.2% CAGR, Reaching $2.8 Billion by 2028

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  1. Weather Forecasting Services Market Weather Forecasting Services Market Anticipates 8.2% CAGR, Reaching USD 2.8 Anticipates 8.2% CAGR, Reaching USD 2.8 Billion by 2028 Billion by 2028 The Global Weather Forecasting Services Market is poised for substantial growth, with an estimated value of USD 1.9 billion in 2023, projected to reach USD 2.8 billion by 2028. The market is expected to witness a compound annual growth rate (CAGR) of 8.2% from 2023 to 2028. This growth is primarily attributed to the increasing demand for weather forecasting data across diverse industries for safety and operational efficiency enhancement. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=218398014 Market Segmentation: •By Industry: •Aviation •Agriculture •Transport and Logistics •Marine •Oil and Gas •Energy and Utilities •Insurance •Retail •Media •Construction and Mining •Others The Energy & Utilities segment is experiencing the highest growth rate, driven by the industry's adoption of technological applications for real-time data access and accurate forecasting. Accurate weather predictions enable energy and utilities sectors to optimize operations, reduce downtime, and enhance safety. By Purpose: •Safety •Operational Efficiency •Others The Safety segment is anticipated to hold the largest share in the Weather Forecasting Services market by Purpose in 2023. It offers preventive measures and

  2. resource allocation effectively, providing accurate and timely weather data for informed decision-making to save lives and protect property. By Forecasting Type: •Nowcast •Short Range •Medium Range •Extended Range •Long Range The Short-Range Forecast segment is projected to dominate the market, with the Nowcast Forecast segment exhibiting the highest growth rate. Rapid advancements in weather forecasting services for enhanced safety and loss prevention across various industries drive market growth. By Organization: •Large Enterprises •Small and Medium-Sized Enterprises (SMEs) The Small and Medium-Sized Enterprises segment is experiencing the largest growth rate, offering cost-effective solutions with essential weather data for day-to-day operations in industries such as agriculture and local events planning. Regional Analysis: Asia Pacific: The region is expected to hold the highest growth rate in 2023, with active demand for weather forecasting data driving market growth. India is anticipated to exhibit the highest growth rate in the Asia Pacific region due to the increasing demand for weather predictions across various industries. Key Players: Major players operating in the Weather Forecasting Services market include: •The Weather Company (US) •DTN (US) •Accuweather (US) •Fugro (Netherlands) •Enav S.P.A. (Italy) Ask for Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=218398014 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one ofAmerica’s best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for

  3. progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visitwww.MarketsandMarkets™.comor onTwitter,LinkedInandFacebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email:sales@marketsandmarkets.com follow us

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