Blockchain Press Releases
Weather Forecasting Services Market size worth $ 4.18 Billion, Globally, by 2030 at 13.19% CAGR: Verified Market Research®
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.
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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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Blockchain Press Releases
Bitrue expands Bitcoin Runes Offerings with GPTV Listing and Staking Options
VICTORIA, Seychelles, May 3, 2024 /PRNewswire/ — Leading digital asset exchange Bitrue continues its community-driven approach with the listing of a new Bitcoin Runes token, GPTV•AI•PEPE•KING (GPTV). This follows the recent addition of several other Bitcoin Runes tokens to the platform, including SATOSHI•NAKAMOTO (SATOSHI), LOBO•THE•WOLF•PUP (LOBO), RSIC•GENESIS•RUNE (RSIC), and DOG•GO•TO•THE•MOON (DOG). Trading for the GPTV/USDT pair commenced on April 30th, 2024.
What is GPTV?
GPTV is the native token of AI PEPE KING, a project claiming to be the “largest AI Meme Community” with a presence on both the Polygon (AIPEPE) and Bitcoin Runes (GPTV) blockchains. Notably, AI PEPE KING secured a $10 million investment to develop AI-powered customer service tools leveraging the ChatGPT technology. Additionally, they are building a “Dream Lottery” system. Revenue generated from these products is earmarked for buybacks and burns of both AIPEPE and GPTV tokens, potentially influencing their long-term value.
Staking Opportunities with Attractive Yields
Bitrue is also offering users staking opportunities for those holding BTR, AIPEPE, RSIC, or DOG tokens. By staking their holdings, users can earn rewards in GPTV, with estimated annual percentage yield (APY) varying on the staked token, with BTR offering 22.15%, AIPEPE at 23.18%, RSIC boasting a higher 31.37%, and DOG coming in at 23.62%. These yields present a potentially lucrative opportunity for users to grow their cryptocurrency holdings, but also come with financial risk and the potential for investment to return much lower yields.
Bitrue’s Focus on Community Engagement
The listing of these Bitcoin Runes tokens is a testament to Bitrue’s commitment to its user base. The decision to add these tokens stemmed from a community poll conducted through an X poll on Bitrue’s X account. This highlights the exchange’s dedication to incorporating community feedback into its decision-making process, fostering a sense of collaboration and shared interest.
With the addition of GPTV and the introduction of staking opportunities, Bitrue continues to expand its offerings for users interested in the burgeoning world of Bitcoin Runes tokens. The exchange’s focus on community engagement further strengthens its position as a platform that prioritizes user input and satisfaction.
About Bitrue
Launched in July 2018, Bitrue is a diversified digital asset exchange that supports trading, loans and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. With offices in Asia and Europe, the business continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available at Bitrue’s website.
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ZettaBlock, a leading provider of blockchain solutions, has recently announced a significant enhancement to its offerings with the addition of blockchain data services. This development marks a strategic move aimed at bolstering ZettaBlock’s capabilities and further solidifying its position in the blockchain industry.
By integrating blockchain data services into its portfolio, ZettaBlock seeks to address the growing demand for comprehensive and reliable data solutions within the blockchain ecosystem. The new offering will enable clients to access a wealth of blockchain data, empowering them to make informed decisions and derive valuable insights from the vast amount of information available on various blockchain networks.
ZettaBlock’s decision to expand its services comes at a time when the importance of blockchain data analytics is increasingly recognized across industries. With blockchain technology continuing to gain traction and adoption worldwide, the ability to effectively harness and analyze blockchain data has become crucial for businesses and organizations seeking to unlock new opportunities and drive innovation.
Through its blockchain data services, ZettaBlock aims to cater to the diverse needs of its clients, providing them with access to real-time and historical data from a wide range of blockchain networks. This includes transaction data, smart contract metrics, network activity, and more, allowing users to gain deeper insights into blockchain transactions and activities.
The addition of blockchain data services represents a significant milestone for ZettaBlock, underscoring the company’s commitment to delivering cutting-edge solutions that meet the evolving needs of the blockchain industry. As businesses increasingly recognize the value of blockchain data in driving decision-making and enhancing operations, ZettaBlock’s comprehensive data services are poised to play a key role in shaping the future of blockchain analytics.
Source: cryptonewsz.com
The post ZettaBlock announces the addition of blockchain data appeared first on HIPTHER Alerts.
Hong Kong has entered the cryptocurrency ETF market with the debut of its first spot cryptocurrency exchange-traded funds (ETFs) on Tuesday, signaling the city’s ambition to compete with the US in the rapidly growing sector.
The launch, led by the Hong Kong units of three mainland Chinese asset managers — Bosera Asset Management, Harvest Global Investments, and China Asset Management — saw the introduction of two ETFs each tracking bitcoin and ether prices. Bosera’s funds were launched in collaboration with HashKey Capital.
On their debut, the three bitcoin ETFs closed between 1.5% and 1.8% higher, while the ether ETFs experienced slight losses of between 0.5% and 0.8%. Despite this, total trading turnover for all six ETFs, which included trading in US dollars, Hong Kong dollars, and renminbi, reached approximately HK$99.5 million (US$12.7 million). In comparison, US-based funds saw turnover exceeding $4 billion on their first trading day.
The move marks Hong Kong’s commitment to becoming a significant player in the cryptocurrency space, following its announcement in 2022 amid pandemic restrictions and increased Chinese oversight. Joseph Chan, Hong Kong’s under-secretary for financial services and the treasury, emphasized the city’s leading position in Asia’s crypto asset development during the ETF listing ceremony.
Prior to this, CSOP Asset Management had launched Hong Kong’s first bitcoin and ether futures ETFs in late 2022, following the publication of rules for spot ETFs by the Securities and Futures Commission in December.
In January, the US Securities and Exchange Commission approved the country’s first spot bitcoin ETFs, which have since attracted significant assets under management and net inflows. Robert Zhan, director of risk consulting at KPMG China, remains optimistic about the potential of the Hong Kong funds, despite current market sentiments and relatively flat prices of bitcoin and ether leading up to the launch.
The launch of crypto-linked funds by major Chinese asset managers has generated excitement within the industry, despite China’s strict cryptocurrency regulations. Donald Day, COO of Hong Kong-based digital asset exchange VDX, believes the new funds will cater to active investors unable or unwilling to trade during US hours.
Source: ft.com
The post Hong Kong joins global crypto ETF race appeared first on HIPTHER Alerts.
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