Forecasting Equipment Software Market Growth and Trends
The global forecasting equipment market held a market value of US$ 2.3 billion in 2021 and is projected to grow at a CAGR of 5.7% to an expected market value of US$ 3.3 billion by 2025. The increasing advancements in technology and the rise in the unpredictability of local weather and global climate change is the main growth factor behind the forecasting equipment market.
Forecasting Equipment Market Size shall reach a value of $xx Million in 2031, growing with a CAGR of 9.1% during the forecast period of 2022 to 2031.
The increasing mass concerns about safety and security in end-users and industries associated is the major driving force behind the growth of the forecasting equipment market. The rising negative impact of global climate change has resulted in sudden catastrophic environmental outbursts in nature putting lives and industry set-ups in danger. This drives the need for a warning to prevent loss of lives and disastrous events in the World.
The wide range of applications offered by the forecasting services is a growth factor. End-user industries such as aviation, agriculture, marine, and energy vastly use the forecasting equipment and propel the need and demand for the equipment. The energy and utility sector is forecasted to constitute the largest market share in the weather forecasting market.
The emerging economies with regions where major employment focuses on aviation, fishing, and cruise transports provide high demands for the forecasting services. The increasing air and maritime transport witnesses a significant growth in the equipment market. The countries or regions, whose major GDP contribution is from agriculture and fishing sectors, propel the need for precisely forecasting equipment in order to prevent major disasters beforehand. About 25% of agricultural loss has been prevented by the use of forecasting equipment.
The increasing growth of nuclear energy has resulted in many nuclear power plants established around the World. Weather forecasting is critically vital for planning nuclear power plants to prevent lethal disasters and design efficient disaster management protocols. The rising industrialization has positively influenced the market of forecasting equipment.
The rising trend of generating renewable energy for clean energy initiatives is significantly dependent on the weather. The need for accurate and precise weather forecasts and predictions to improve renewable energy generation is expected to majorly drive the growth of the forecasting equipment market.
The constant technological advancements in the equipment and the various Government initiatives in support of the equipment have increased the demand for the equipment. The different contracts and agreements among top players of the market influence the growth of the market positively.
Forecasting Equipment Software Industry Regional Analysis
Forecasting Equipment Software Market Research Report Scope/Definition
Forecasting Equipment Software Market Share and Competition Key companies operating in this industry are: Omnify Inc. ; Sports Engine Inc. ; Jonas Club Software ; CourtReserve.com ; Actuve Network LLC
Forecasting Equipment Software Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Application Type Analysis (Revenue, USD Million, 2022 - 2031)
• Event Management and Scheduling
• Marketing Management
• Client Management
• Other Applications
Organization Size Analysis (Revenue, USD Million, 2022 - 2031)
• On-Premise
• Cloud
Region Analysis (Revenue, USD Million, 2022 - 2031)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Forecasting Equipment Software Industry Companies
• Omnify Inc.
• Sports Engine Inc.
• Jonas Club Software
• CourtReserve.com
• Actuve Network LLC
Available Versions of Forecasting Equipment Software Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report
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