Blockchain Press Releases

Weather Forecasting Services Market size worth $ 4.18 Billion, Globally, by 2030 at 13.19% CAGR: Verified Market Research®

Published

1 year ago

July 31, 2023

The “Global Weather Forecasting Services Market Size By Forecasting Type, By End User Industry, By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Weather Forecasting Services Market, including its growth prospects, market trends, and market challenges

JERSEY CITY, N.J., July 31, 2023 /PRNewswire/ — The Global Weather Forecasting Services Market is projected to grow at a CAGR of 13.19% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 1.76 Billion in 2022 and is expected to reach USD 4.18 Billion by the end of the forecast period.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=141680

Browse in-depth TOC on “Weather Forecasting Services Market“

202 – Pages
126 – Tables
37 – Figures

Weather Forecasting Services Market: Strong Development Fueled by Technological Advances and Wide-Ranging Industry Applications

The rising demand for precise weather forecasts and the incorporation of cutting-edge technologies are expected to propel the global Weather Forecasting Services Market to considerable growth in the upcoming years. In order for businesses and industries to make educated decisions and enhance safety measures, weather forecasting services play a significant role in delivering essential information about the atmospheric conditions.

The process of providing weather forecasting services entails gathering objective atmospheric data at predetermined sites, which is then analysed using meteorology to forecast upcoming weather conditions. Human involvement is crucial in choosing the best forecasting model because of the importance of weather forecasts and the use of various forecasting techniques.

Several important factors, including the following, are fueling the market expansion of Weather Forecasting Services Market:

Transport and Logistics Sector: To streamline operations and improve infrastructure management, the transportation and logistics sector primarily relies on weather forecasts. They can plan routes, timetable shipments, and reduce hazards in bad weather thanks to accurate weather forecasts.
Agriculture industry: As the world’s population continues to rise, there is an increasing need for accurate weather forecasts in the agricultural industry. Accurate forecasts help farmers plan their planting and harvesting dates and successfully carry out crop protection procedures.
Aviation Industry: To maintain safe flight operations, weather forecasts are essential for the aviation industry. Reliable forecasts give airlines the ability to foresee weather-related problems and take preventative action, improving passenger safety and minimising disruptions.
Renewable Energy Sector: Advances in the renewable energy industry have raised the need for accurate weather predictions. These projections help manage the energy supply more effectively and optimise energy production from renewable sources like solar and wind power.
Technological Developments: The use of faster supercomputers, advanced radars, tiny satellites, and big data analytics has greatly increased the precision and effectiveness of weather forecasting. The market has substantial growth potential thanks to this technical advancement.

The dynamic nature of atmospheric variables and the complexity of weather forecast models, however, present obstacles to the Weather Forecasting Services Market expansion. Sophisticated forecasting approaches are necessary due to the interaction of numerous elements, including satellite imaging, surface data, precipitation reports, and inputs from various forecasters.

However, with continued use of big data analytics and predictive approaches, meteorological scientists are now better able to predict hurricanes, floods, snowstorms, and other weather phenomena. The analysis of past and present weather data has created new possibilities for Weather Forecasting Services Market.

North America dominates the market in terms of regional market shares because of significant investments in research and development, a pool of qualified professionals, and an established technical infrastructure. On the other hand, the Asia-Pacific area has the quickest rate of growth due to ongoing improvements in the infrastructure for technology.

Key Players in the Weather Forecasting Services Market:

AccuWeather, Inc.
Meteosim S.L.
StormGeo
DTN
Precision Weather Services
Meteoblue AG
CustomWeather
Weather Routing Inc.
TempoQuest
Skymet Weather Services Pvt Ltd.
GLOBAL WEATHER CORPORATION.

These key players are actively advancing weather forecasting services by utilising their knowledge and technological prowess to satisfy the various demands of businesses and industries around the world.

The Weather Forecasting Services Market is anticipated to experience significant expansion in the next years due to technological improvements and growing awareness of the hazards associated with the weather as the demand for accurate weather forecasts continues to rise across numerous industries.

To get market data, market insights, financial statements and a comprehensive analysis of the Global Weather Forecasting Services Market, please Contact Verified Market Research®.

Based on the research, Verified Market Research® has segmented the global Weather Forecasting Services Market into Forecasting Type, End User Industry, And Geography.

Weather Forecasting Services Market, by Forecasting Type

Short-range Forecasting
Medium-range Forecasting
Long-range Forecasting

Weather Forecasting Services Market, by End User Industry

Transportation
Aviation
Energy & Utilities
Banking Financial Services & Insurance (BFSI)
Agriculture
Media
Manufacturing
Retail
Others

Weather Forecasting Services Market, by Geography

North America

U.S
Canada
Mexico

Europe

Germany
France
U.K
Rest of Europe

Asia Pacific

China
Japan
India
Rest of Asia Pacific

ROW

Middle East & Africa
Latin America

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Visualize Weather Forecasting Services Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.

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Verified Market Research®
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Blockchain Press Releases

Nodepay Raises $7M Total Funding To Power AI Growth with Real-Time Data Infrastructure

Published

14 minutes ago

December 27, 2024

CISION (PR Newswire)

nodepay-raises-$7m-total-funding-to-power-ai-growth-with-real-time-data-infrastructure

SINGAPORE, Dec. 27, 2024 /PRNewswire/ — Nodepay, a decentralized AI platform transforming unused internet bandwidth into real-time data pipelines for AI training, today announced it has raised a second round of funding, bringing its total to $7 million.

The latest funding round welcomed new strategic investors IDG Capital ($23 Billion AUM), Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Matthew Tan (Etherscan founder) and Yusho Liu (CoinHako Co-founder & CEO) as notable angels. They join an impressive roster of previous backers that includes Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital and more.

Nodepay’s network taps into a global community of users running privacy-protected nodes. By sharing their spare internet bandwidth, these participants earn rewards for creating a real-time data source that improves AI inference with accurate, timely information—an approach known as Retrieval Augmented Generation (RAG).

Darren Nguyen, co-founder of Nodepay commented: “Our mission is to develop solutions that create tangible value for both AI developers and its end users. We give contributors a share in the AI ecosystem they help fundamentally build.”

Nodepay’s infrastructure platform integrates real-time data retrieval, a Web3-focused decentralized answer engine, reinforcement learning for more accurate model output, and gamified human verification. Together, these components combine to create a fair, collaborative, and innovative AI ecosystem.

Eric Le, investment director of IDG Capital, said, “The team at Nodepay is democratizing the AI economy by providing a platform that allows users to share directly in the value they create. We’re proud to support their vision of making AI more accessible and beneficial to all.”

With this funding, Nodepay will continue to commercialize its infrastructure to benefit both its community and partner AI labs. As it prepares to launch on Solana, Nodepay stands ready to lead the next era of decentralized AI development and training.

Already serving over 1.5 million active users worldwide, Nodepay continues to expand its reach, solidifying its role as a leader in the integration of AI and blockchain technology. Users can expect further updates and new announcements through their social channels and official website.

About Nodepay
Nodepay is a decentralized AI platform dedicated to democratizing AI training through real-time data retrieval. By turning idle internet bandwidth into a valuable resource, Nodepay fuels the next generation of AI models and stands at the forefront of AI decentralization.

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Blockchain Press Releases

Markets Show Resilience Ahead of End-of-Year Options Expirations: Bybit x Block Scholes Crypto Derivatives Report

Published

12 hours ago

December 26, 2024

CISION (PR Newswire)

DUBAI, UAE, Dec. 26, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest Crypto Derivatives Analytics Report in collaboration with Block Scholes, highlighting the muted market volatility despite major options expirations on Friday. BTC and ETH’s realized volatility has increased, but short-term options haven’t adjusted to this change. This indicates that while spot prices are fluctuating, the options market is not fully reacting to these shifts, although BTC and ETH volumes have displayed slightly different patterns.

With more than $525 million in BTC and ETH options contracts expiring on Dec 27, 2024’s end-of-year options expiration looks set to be one of the biggest yet, yet expectations for volatility have remained subdued. The report highlights an unusual inversion in ETH’s volatility structure, but BTC has not mirrored the reaction. Additionally, a change in funding rates—sometimes turning negative as spot prices drop—signals a new market phase. Notably, BTC’s volatility structure has been less responsive to changes in spot prices, whereas ETH’s short-term options are exhibiting more noticeable fluctuations.

Key Findings:

BTC Options Expirations:

In the past month, BTC’s realized volatility has been higher than implied volatility on three occasions, each time reaching a relatively calm equilibrium. Open interest in BTC options remains high, contributing to potential increased volatility as we near the end of the year. Around $360 million worth of BTC options (both puts and calls) are set to expire soon, which can affect price movement.

ETH Options: Calls Dominate

Despite a mid-week inversion, ETH’s volatility term structure has flattened, maintaining levels similar to those seen over the past month. In the final week of 2024, calls overwhelmed puts in open interest in ETH options, although market movements and trading activities are more on the put side.

Access the Full Report:

Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: Bybit X Block Scholes Crypto Derivatives Analytics Report (Dec 24, 2024)

#Bybit / #BybitResearch

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For media inquiries, please contact: [email protected]

For more information, please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media

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Blockchain Press Releases

BC.GAME Launches Monkey King-Themed Slot Game Wukong

Published

20 hours ago

December 26, 2024

CISION (PR Newswire)

NICOSIA, Cyprus, Dec. 26, 2024 /PRNewswire/ — BC.GAME has launched its latest slot game, Wukong, inspired by the highly acclaimed Black Myth: Wukong, a groundbreaking AAA game that has captivated players worldwide. Officially released on December 24, this 6-reel, 5-row slot game allows players to experience the essence of Wukong’s legendary journey while aiming for rewards of up to 10,000 times their bet.

The game incorporates iconic symbols and elements from Black Myth: Wukong, such as the Ruyi staff, gourd bottles, and treasure pearls, designed to recreate the mythical atmosphere of the original story. The addition of the Sticky Symbols feature enhances gameplay by keeping special symbols locked in place during free spins, significantly increasing the chances of winning and unlocking larger rewards.

Dark Visual Design and Storytelling Behind Wukong

The visual design of Wukong draws from traditional Chinese art styles, blending elements from Journey to the West. The reels are filled with recognizable symbols like the Ruyi staff, gourd bottles, and treasure pearls. These symbols immerse players in the mythical world of the story, faithfully recreating key moments from the novel, such as Sun Wukong’s havoc in Heaven and his encounters with the White Bone Demon.

The game’s background is rooted in Journey to the West, where Sun Wukong embarks on a journey with the monk Tang Seng and his companions to obtain sacred scriptures. Each detail of the game is carefully crafted to bring this legendary tale to life, offering a unique gaming experience and a tribute to Chinese culture and mythology.

Key Features of the Wukong Slot Game:

Free Spins and Bonus Opportunities: Triggering free spins unlocks additional reward mechanisms, increasing the chances of landing big wins.

Sticky Symbols Feature: Special symbols remain in place during free spins, greatly enhancing winning potential.

Up to 10,000x Max Win: The game offers a maximum payout of up to 10,000 times the bet, providing significant winning opportunities.

“Wukong is not just about spinning reels; it’s about experiencing a rich part of Chinese culture. We’ve worked hard to ensure the game is stunning and fun and engaging for players, with layers of features that add excitement. We’re proud to offer a game that blends storytelling with gameplay, and we think players will love the journey through Wukong’s legendary world,” Jack Dorset, CEO of BC.GAME said.

About BC.GAME

BC.GAME is a leading online gaming platform that integrates blockchain technology and cryptocurrency into its casino games, by offering a secure, transparent, and decentralized experience, BC.GAME allows players to enjoy a variety of gaming options, including slots, table games, and live casino offerings. The platform is dedicated to providing players with exciting, fair, and innovative ways to engage with the world of gaming. citing, fair, and innovative ways to engage with the world of gaming.

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