Weather Data Service Market

The weather data services market includes service providers providing easy access to weather forecast data, historical observation data, and historical summary data. Weather data is generated by combining and analyzing the variable components of the atmosphere, such as temperature, wind speed, rain or snow, humidity, and pressure.

Weather data is collected by Doppler radar, radiosondes, weather satellites, wind vanes, anemometers, transmissometers, and hygrometers. Weather data is used across industries to predict weather conditions. Weather data service providers provide weather data APIs (Application Programming Interfaces) and weather mapping platforms. The growth of the weather data services market can be attributed to the rising need for accurate weather forecasts across industries and the optimization of risk management with weather forecasts.

The weather data services market is expected to grow from USD XX million in 2024 to USD XX million by 2030, at a CAGR of XX%. Global warming is triggered by increased weather and climatic changes. Weather data service adoption is predicted to increase throughout the forecast period to monitor these weather changes.

To know about the assumptions considered for the study, download the pdf brochure

Weather Data Services Market Drivers and Opportunities:

The demand for weather data services is also increasing, with an increasing need for analyzing climate change. Weather data has wide implications for climate change analytics and weather forecasting services. Integrating artificial intelligence, 5G, and big data into weather data has created an opportunity for the weather data services market. Many government and non-government organizations use weather data to analyze the volatility of their potential markets. Integrating weather data with predictive analysis has implications for weather forecasting, weather observation, climate change analytics, and climate modeling. Weather data is used in surface, upper air, radar, and satellite observations. Weather observation uses weather data to analyze climatology to forecast the weather and issue weather alerts globally. Hence, weather data services offer an initial data input to get the projected value to predict future weather conditions.

Many businesses regularly use weather forecasting services to study consumer behavior, logistics, and weather patterns. Various economic sectors, including energy, retail, transportation, and insurance, depending on weather forecasting services to enhance safety and operational efficiency. For example, retailers analyze seasonal climate patterns as weather conditions affect merchandising and operations. Demand for real-time weather prediction solutions and a growing focus on safety among end-use industries drive the growth of the weather data services market.

The constellation of CubeSats and smallsats offers opportunities for the weather data services market. According to a report published by Euroconsult in 2019, more than 8,500 satellites are expected to be launched globally by commercial companies between 2019 and 2028, half of which will support broadband constellations for a total market value of USD 42 billion. Around 580 small satellites are estimated to be launched globally from 2018 to 2022. In 2018, 322 small satellites were launched globally by commercial companies through 44 launches. Spire is one of several companies developing smallsat systems to collect data through GPS radio occultation, where satellites receive signals from Global Positioning System satellites that pass through the Earth’s atmosphere. Those signals can serve as probes of the atmosphere, providing data about conditions that can be incorporated into weather models to improve the accuracy of forecasts. With the increasing availability of cost-effective data and imagery derived from small satellites, new opportunities are emerging to create customized applications for the needs of public organizations, companies, and consumers.

Weather Data Services Market Ecosystem

Prominent companies and startups that provide weather data and services, distributors/suppliers/retailers, and end customers are the key stakeholders in the weather data services market ecosystem. Investors, funders, academic researchers, distributors, service providers, and industries serve as the major influencers in the market.

Key Market Players

Major players in the weather data services market include Open Weather Map (UK), The Weather Company (US), AccuWeather, Inc. (US), DTN (US), Understory (US),  Meteomatics(Switzerland),  Weather Underground (US), Meteoblue (Switzerland) and Weather Source (US).

Recent Development

• AccuWeather released the new AccuWeather Local Hurricane Tracker in July 2020, which offers real-time updates on wind speeds and rainfall levels and weather reports to the weather prediction department.

Report Objectives

• Identify and analyze major drivers, constraints, challenges, and opportunities driving the weather data services market's growth.
• Analyze the market effect of macro and micro indicators
• To forecast market segment sizes for five regions, including North America, Europe, Asia Pacific, the Middle East, and the Rest of the World, as well as significant nations within each of these areas.
• To conduct a strategic analysis of micro markets regarding particular technical trends, prospects, and their contribution to the total market.
• To profile key market participants strategically and thoroughly study their market ranking and essential skills
• To give a complete market competitive landscape, as well as an examination of the company and corporate strategies such as contracts, collaborations, partnerships, expansions, and new product developments.
• Identifying comprehensive financial positions, key products, unique selling points, and key developments of industry leaders

Want to explore hidden markets that can drive new revenue in Weather Data Service Market?

Unlock Insights

Scope of the Report

This research report categorizes the Weather Data Services Market based on Solution, Industry, Deployment, Enterprise Size, Data Type, and Region

Weather Data Services Market, By Solution

• Product
• Services

Weather Data Services Market, By Industry

• Aviation          
• Transport & Logistics 
• Energy & Utilities       
• Insurance       
• Agriculture & Forestry           
• Marine
• Oil & Gas        
• Construction & Mining          
• Retail  
• Others

Weather Data Services Market, By Deployment

• On-Premise
• Cloud

Weather Data Services Market, By Enterprise Size

• Large Enterprises
• Small & Medium Sized Enterprise

Weather Data Services Market, By Data Type

• Real-Time Data
• Forecast Data
• Historical Data

Weather Data Services Market, By Region

• North America
•  Europe
• Asia Pacific
• Rest of the World