VALLEY COTTAGE, N.Y. –According to a recent business intelligence report by Future Market Insights (FMI), the global weather information technology market value is expected to reach US$ 7 Bn by 2029. The market is still at a nascent stage where the technology simply helps in evaluating the significance and probability of various possibilities of future developments to make better decisions. However, it remains highly driven by a continuous change in climate resulting in uncertainties linked to rainfall and increasing demand for weather forecasting using big data analytics. Moreover, scientists are increasingly using big data to analyze and calculate future weather conditions, based on past and current data.
Meets the Need for Faster and Accurate Weather Forecast
In recent times, emergence of new technology and communication system has been offering the opportunity to improve public weather services. Continuous innovations by market players allow National Meteorological and Hydrometeorological Services (NMHSs) to provide forecasts in various formats. For instance, Tempo Quest (TQI) recently developed a unique software platform to deliver next-generation weather forecasts to government agencies and commercial sectors across the globe. This software is designed to run on NVIDIA graphics processing unit accelerators and GPUs.
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addition to weather forecasts becoming more accurate assisted with better tools
and latest technologies, key players are tapping in the expectations to cut
risks and optimize productivity, which will significantly contribute to the
market growth,” says FMI analyst.
in Air Quality Monitoring Captures Over 36%
Application of weather information technology in air quality monitoring accounts for higher revenue share than other application areas. Maintaining optimal air quality is becoming a major challenge for governments across the globe, and they are significantly investing in policies and solutions to improve the overall air quality. Advances in IoT, sensors, and mobile communication technologies have led to the introduction of portable, low-cost, smaller, and mobile-enabled sensors that can measure the air quality in real-time. Emergence of these technologies with lower price tag is poised to drive the market growth. Furthermore, increasing scope of application in weather forecasting and monitoring is likely to create new market potential for growth in the future.
Preview Analysis Of 2019 Analysis and Review of Weather Information Technology Market by Application – Air Quality Monitoring, Weather Monitoring, Weather Forecasting, and Others (Chemical & Space Weather Monitoring) for 2019 – 2029:https://www.futuremarketinsights.com/reports/weather-information-technologies-market
in Aviation Industry Holds 1/4th of Market Share
In 2019, demand for weather
information technology in the aviation sector captured a major share of the
total market value. This technology plays a critical role in the aviation
industry, especially in controlling the air traffic at the time of take-off and
landing. Furthermore, demand from military & defense aviation has increased
in recent times.
North America to Record Relatively High Sales
In 2019, North America held major revenue share of the global weather information technology market. Increasing application of supercomputing in weather forecasting is expected to attract more stakeholders through 2029. On the other hand, demand for weather information technology in Western Europe is expected to grow at a moderate CAGR over the forecast period.
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