WeatherXM Network
@weatherxm
Most people think that weather data are free, because governments subsidize the cost of weather infrastructure. They do, but the weather data and services market is much larger than you probably think. 🧵👇
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WeatherXM Network
@weatherxm
> The global weather information technologies market size was valued at USD 9.41 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 8.5% from 2020 to 2027. The rising demand for real-time monitoring and air quality check to take preliminary measures for disaster management and mitigating risk has led to phenomenal market growth. https://www.grandviewresearch.com/industry-analysis/weather-information-technologies-market
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WeatherXM Network
@weatherxm
> The global weather data service market size was USD 2.68 Billion in 2022 and is expected to reach USD 4.93 Billion in 2032, and register a rapid revenue CAGR of 7 % during the forecast period. > Rising demand for precise and timely weather data across various industries, including agriculture, aviation, transportation, energy, and construction, among others, is a key factor driving market revenue growth. Weather data services are essential to provide information on weather patterns and conditions for businesses to make wise decisions and reduce the risks connected with weather-related incidents. https://www.reportsanddata.com/report-detail/weather-data-service-market
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