In recent times, abrupt climate change has led to high loss of human lives and severe damage to nature, which has attracted conscientious efforts from the governments of numerous countries in the form of investments toward technology to predetermine the intensity of extreme weather conditions. According to the World Health Organization (WHO), climate change between 2030 and 2050 is anticipated to cause nearly 250,000 additional deaths per year. Such eye-opening stats have been found to be favorable to the rising deployment of weather monitoring solutions and services in government sectors.
Since weather has a huge impact on numerous industries and their operations, right from the production of raw materials to product development, with the impact even extending beyond distribution channels to transportation and logistics, developers of weather monitoring solutions and services are reaping steady sales opportunities. The trend is fast-penetrating into agriculture and fishing industries, the ones that traditionally relied on weather forecast done by national meteorological departments and distributed over TVs, mobiles, and radios. The local relevance of weather monitoring services is increasing, since these are integrated with global positioning systems to facilitate accurate weather forecasts for local farmers who depend on rain-fed agriculture.
On account of numerous success factors implying the steady demand for weather monitoring solutions and services, a study published by Transparency Market Research (TMR) opines that, the industry will advance at an above-average CAGR of ~7% during the period of 2019-2027.
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IoT Technology to Power Frontiers of the Landscape
A moderate-to-high level of competition implies that, survival in the weather monitoring solutions and services market relies on the hands-on experience of market players regarding advanced technologies to keep up with the evolutionary nature of the landscape. This has extended the traditional frontiers of monitoring systems with novel IoT technology. This IoT technology is projected to offer a new paradigm to the weather monitoring solutions and services landscape by integrating telecommunication solutions with sensors and microcontrollers for providing accurate weather information with a ‘one-tap’ convenience to end users.
Another crucial feature attributed to modern weather monitoring systems is smart size. A compact and lightweight weather monitoring system is increasingly preferred as a viable solution to the space dilemma, especially for small commercial players operating in manufacturing and agriculture industries. The introduction of technology is likely to have a high impact on the short-term as well as long-term growth of the weather monitoring solutions and services market.
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Developed Vs. Developing Countries – Adoption Scenario
According to Winrock International, the U.S. government invests nearly US$ 1 Bn/year to underpin operations of the National Weather Service, which helps create a nearly US$ 7 Bn market for the private sector with commercial opportunities. In recent times, the governments of numerous countries are realizing the extended scope of benefits and high returns on investments offered by weather monitoring solutions and services, which is likely to lead to high deployment in developed countries. However, despite the clear social and commercial benefits offered by these systems, developing countries lack sufficient resources to invest in the proper operation and maintenance of meteorological and hydrological services, which makes these regions less attractive for the industry.
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