PUBLISHER: The Business Research Company | PRODUCT CODE: 1769576
PUBLISHER: The Business Research Company | PRODUCT CODE: 1769576
Weather forecasting services encompass the collection, analysis and dissemination of meteorological data to predict atmospheric conditions for specific locations and timeframes. These services are essential for minimizing weather-related risks and enhancing public safety, economic stability and quality of life.
The weather forecasting services market consists of sales, by entities (organizations, sole traders, or partnerships), of weather forecasting services that provide predictive atmospheric data to diverse industries such as agriculture, aviation and energy management, among others. These services are utilized by a wide range of users, including government agencies, private enterprises and individual consumers, who rely on accurate weather information for planning and decision-making. Weather forecasts are used continuously, with varying frequencies depending on the specific needs of the user, ranging from real-time updates to long-term climate projections. Complementary products and services include meteorological instruments, data analytics platforms and communication systems, while substitute services may involve alternative information sources or manual weather observations.
The global weather forecasting services market was valued at $1,706.07 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 5.00%.
Increasing Demand In Agricultural Sector
During the historic period, the increasing demand in agricultural sector supported the growth of the weather forecasting services market. Agriculture depends heavily on weather factors like rainfall, temperature and sunlight, which directly impact crop yield and quality. Rising global food demand is driving the need for precise, timely weather data to support smarter farming decisions. Accurate forecasts help farmers mitigate risks from extreme weather events by enabling proactive measures, such as optimized irrigation and frost protection. Additionally, the growth of precision agriculture relies on localized weather insights to enhance operational efficiency, reduce costs and boost productivity, fueling demand for specialized weather forecasting services tailored to the agricultural sector. For instance, in February 2024, according to the Department for Environment Food and Rural Affairs, a UK-based government department, in 2022, agriculture contributed £13.9 billion (approximately $17.4 billion USD) to the UK economy in Gross Value Added (GVA) at basic prices, representing 0.6% of the nation's GDP. This marks a notable increase of £1.8 billion (around $2.25 billion USD), or 15%, compared to 2021. Therefore, the increasing demand in agricultural sector drove the growth of the weather forecasting services market.
AI-Powered Tool Revolutionizes Long-Range Weather Forecasting
Companies operating in the weather forecasting services market are focusing on developing AI-powered long-range weather forecasting tools that integrate satellite data with AI-driven analytics. AI-powered long-range weather forecasting tools are advanced systems that use artificial intelligence (AI) and machine learning (ML) techniques to predict weather patterns weeks to months in advance, beyond traditional short- and medium-range forecasts. For instance, in April 2025, Planette Analytics Inc, a US-based privately held climate technology company launched Eddy, an AI-powered long-range weather forecasting tool now publicly accessible worldwide. Eddy provides hyper-local forecasts up to four months in advance for consumers and up to six months for enterprise users, filling the critical gap between short-term weather predictions and long-term climate projections. By integrating atmospheric, oceanic and terrestrial data through advanced AI and physics-based modeling, Eddy delivers natural-language forecasts for variables like temperature, precipitation and extreme weather events. This innovation supports industries such as agriculture, logistics, insurance and event planning in making proactive decisions amid increasing climate volatility. Planette's initiative aims to enhance preparedness and resilience by offering accessible, long-range environmental insights.
The global weather forecasting services market is fairly fragmented, with large number of players operating in the market. The top ten competitors in the market made up to 19.86% of the total market in 2024.
Weather Forecasting Services Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global weather forecasting services market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for weather forecasting services? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The weather forecasting services market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider weather forecasting services market; and compares it with other markets.