PUBLISHER: Grand View Research | PRODUCT CODE: 1701235
PUBLISHER: Grand View Research | PRODUCT CODE: 1701235
The global weather information technologies market size is anticipated to reach USD 24.35 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 10.6% from 2025 to 2030. The increasing need for real-time weather predictions and air quality index is one of the significant factors contributing to market growth. Furthermore, the prevalence of digital transformation technologies for determining highly accurate estimations has led to numerous growth opportunities for industry players.
Over recent decades, the weather conditions have deteriorated due to extreme global warming events caused by hazardous gas emissions. This has led to an increased demand for solutions that can continuously monitor weather changes and other unforeseen activities. Ongoing advances in Information Technology (IT), coupled with communication capabilities, have led to the emergence of state-of-the-art technologies that help to examine the weather circumstances and make precise calculations. The key offerings of one of these technologies are computing thousands of algorithms on a real-time basis and assisting end-users in the preparations against critical warnings and forecasts.
The novel coronavirus outbreak has adversely affected some of the major economies owing to the 'shelter-in-place norms' and travel restrictions. The temporary production shutdowns during the last few months have disrupted the supply chain. World Meteorological Organization announced that there had been a sharp decrease in the amount of atmospheric data gathered regularly on account of the diminished frequency of commercial aircraft and cruises during this pandemic, thus affecting the accuracy of forecasts that are largely dependent on predictions attained by sensors mounted on the aircraft and cruises.