Report ID: SQMIG45A2139
Report ID:
SQMIG45A2139 |
Region:
Global |
Published Date: October, 2024
Pages:
242
|
Tables:
95 |
Figures:
76
North America held the largest global weather forecasting services market share in 2021. The presence of experts, investments in R&D, and the infrastructure of technology are all contributing factors to the market expansion. For instance, the U.S. is home to some of the biggest weather forecasting businesses, including The Weather Company (IBM), AccuWeather, Inc., DTN, and Earth Networks. Organizations with headquarters outside of North America, like Fugro of the Netherlands, have offices there.
Asia Pacific is fastest growing region and is expected to register the highest CAGR over the forecast period. The region's evolving technological infrastructure is to blame for the rise. Numerous nations in the Asia Pacific region are listed highly on the Germanwatch global climate risk index 2021, demonstrating their susceptibility to weather and climate. The region's expanding businesses are predicted to increase demand for weather forecasting services. For instance, the region's vital agriculture sector necessitates tailored weather forecasting technologies to reduce hazards.
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Report ID: SQMIG45A2139