Weather Forecasting Services Market Size

Weather Forecasting Services Market size was valued at USD 1.62 Billion in 2023 and is poised to grow from USD 1.75 Billion in 2024 to USD 3.32 Billion by 2032, growing at a CAGR of 8.30% during the forecast period (2025-2032).

The global weather forecasting services industry is highly competitive, with established players and innovative startups bringing technological advancements. Major companies such as IBM (The Weather Company), AccuWeather, and DTN dominate the landscape by leveraging cutting-edge technologies like artificial intelligence (AI), big data analytics, and machine learning to deliver highly accurate and customized weather forecasting solutions. These key players consume resources various application industries including agriculture, aviation, energy and transportation, offering services such as real-time updates and predictive analytics.  'Accuweather, Inc. (US) ', 'Fugro (Netherlands) ', 'DTN (US) ', 'Enav S.P.A. (Italy) ', 'BMT Group Ltd. (UK) ', 'Stormgeo (Norway) ', 'Precision Weather (US) ', 'The Tomorrow Companies Inc. (US) ', 'Global Weather Corporation (US) ', 'Met Office (UK) ', 'Skyview Systems (US) ', 'Speedwell Weather Ltd. (UK) ', 'Customweather (US) ', 'Weather Routing Inc. (US) ', 'Earth Networks, Inc. (US) ', 'Jupiter Intelligence Inc. (US) ', 'Meteosim (Spain) ', 'Saildrone (US) ', 'Ubimet GmbH (Austria) ', 'Understory (US) ', 'Tempoquest (US) ', 'Weatherbell Analytics, LLC (US) ', 'Skymet Weather Services Pvt. Ltd. (India) ', 'Meteo-Logic (France)'

• Agriculture is mainly dependent on seasons and the weather. Weather plays an instrumental role in agriculture, and accurate weather-based information is very important for crop growth. The management of weather and climate risks has become even more important in agriculture in recent times due to climate change. It is evident that to feed the increasing population, the demand for agricultural products has increased significantly. 

Integration of Weather Forecasting Services in Transport and Logistics Sectors: There is a growing demand for faster delivery of goods, compelling the logistics sector to improve its infrastructure accordingly. The transport and logistics sectors largely depend on weather forecasting services. Weather patterns can create ripple effects in the manner shipments are transported all over the world, within and between countries. Hence, it is very important for the transport and logistics service providers to pre-investigate the weather conditions for their smooth functioning.  

North America dominated the market and accounted for the largest revenue share of 28.1% in 2023. Factors such as technology infrastructure, the presence of specialists, and investment in research and development are the reasons for the market growth. The North America region in the weather forecasting services market is a highly competitive and lucrative sector expected to witness significant growth in the upcoming years. The market is driven by growing demand for accurate weather forecasts, rising demand for weather-based applications and services, an increasing number of weather-based applications and services, and technological advancements. The market is further driven by the rising demand for energy-efficient solutions, increasing awareness about the benefits of weather-based applications and services, and rising investments in research and development.  As per the weather forecasting services market outlook, Asia Pacific is expected to register the fastest CAGR of 6.8% during the forecast period. The growth can be attributed to the developing technology infrastructure in the region. The demand for weather forecasting solutions is expected to rise due to growing industries in the region. For instance, the agriculture industry is important in the region, requiring custom weather forecast solutions to mitigate risks. In Asia Pacific, demand is coming from countries such as India, China, etc. owing to the growth of the industries at a rapid pace including the growth of the transportation industry. These industries mostly depend upon the weather forecasting to enhance their productivity and profitability.