Chicago, IL -- (SBWIRE) -- 08/24/2017 -- A weather forecasting service is all about the tools and techniques used in the field of meteorology. The process involves analysis of the weather conditions and predicting the future weather changes in a particular location. The weather forecasting process involves huge amount of structured and unstructured data to improve analytical output giving accurate results. The process is currently being implemented across various industries such as transportation, aviation, energy & utilities, agriculture, and many more. This report studies the current and future aspects of weather forecasted services.

The report on the global Weather forecasting services market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.

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The weather forecasting services market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The Asia-Pacific region holds the highest market share and is the largest revenue contributor of the weather forecasting services market. The region holds dominance because of increased focus on countries like India and China on real-time weather forecasting services to ensure timely functioning and completion of government projects. The end-users from developed nations are investing in advanced solutions and services creating newer growth opportunities for the market. The North America region is also witnessing high-paced growth in the weather forecasting services market due to increasing incidences of natural calamities. To conquer the loss caused by natural disasters, the region is focusing on the developing the process to ensure accurate and reliable results.

MARKET SEGMENTATION

This report analyzes the weather forecasting services market by the following segments:

Weather Forecasting Services Market, by Forecasting Type

1. Short-range Forecasting
2. Medium-range Forecasting
3. Long-range Forecasting

Weather Forecasting Services Market, by End-use Industry

1. Transportation
2. Aviation
3. Energy & Utilities
4. Banking Financial Services & Insurance (BFSI)
5. Agriculture
6. Media
7. Manufacturing
8. Retail
9. Others

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