How has the climate data analysis market evolved, and where is it heading next?
The climate data analysis market size has grown exponentially in recent years. It will grow from $1.18 billion in 2024 to $1.57 billion in 2025 at a compound annual growth rate (CAGR) of 33.5%. The growth in the historic period can be attributed to increased climate change concerns, regulatory compliance, and reporting, rising frequency of extreme weather events, research and academic applications, government initiatives and funding.
The climate data analysis market size is expected to see exponential growth in the next few years. It will grow to $4.45 billion in 2029 at a compound annual growth rate (CAGR) of 29.7%. The growth in the forecast period can be attributed to growing emphasis on climate resilience, expanding applications in various sectors, increasing corporate sustainability initiatives, international collaboration for climate solutions, growing demand for actionable insights. Major trends in the forecast period include integration of geographic information systems, application of blockchain for data security, policy-driven market growth, emergence of startups.
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What are the key drivers behind the rapid expansion of the climate data analysis market?
The rising focus on climate change mitigation strategies is expected to propel the growth of the climate data analysis market going forward. A climate change mitigation strategy involves implementing measures to reduce greenhouse gas emissions and limit the impact of human activities on the Earth’s climate, aiming to slow down the rate of global warming and minimize long-term environmental consequences. The demand for accurate, actionable insights to support decision-making in climate-related initiatives drives the adoption of advanced data analysis tools and technologies. For instance, in April 2023, the World Trade Organization, a Switzerland-based intergovernmental trade organization, the World Bank Group, a US-based financial institution, and the World Economic Forum, a Switzerland-based organization engaged in global economic issues, jointly introduced Action on Climate and Trade (ACT), an initiative aiding developing economies, including the least developed, in leveraging trade to achieve climate goals. This pilot project will collaborate with these economies to create trade-specific climate analysis. Further, in November 2022, according to the Council on Environmental Quality, a US-based Climate Change Conference of the Parties (COP27) launched the Net-Zero Government Initiative to achieve net-zero emissions from domestic government operations by the year 2050 with increasing support for clean growth, climate adaptation, and understanding and mitigating climate-related financial risks. Therefore, the rising focus on climate change mitigation strategies will drive the climate data analysis market.
What is the segmentation for the climate data analysis market?
The climate data analysis market covered in this report is segmented –
1) By Tools: Climate Data Operators (CDO), Climate Forecast System (CFS), Climate Model Intercomparison Project (CMIP), National Centers For Environmental Prediction (NCEP) Reanalysis Data, European Centre For Medium-Range Weather Forecasts (ECMWF) ERA5, National Aeronautics And Space Administration (NASA), Modern-Era Retrospective Analysis For Research And Applications (MERRA), National Oceanic And Atmospheric Administration (NOAA), Climate Prediction Center (CPC) Data Global Historical Climatology Network (GHCN), Other Tools
2) By Method: Climate Model Evaluation, Variability In Earth System Models, Climate Data Processing And Visualization, Climate Data Formats, Statistical Methods
3) By Data Type: Precipitation, Temperature, Wind Speed, Humidity
4) By Application: Weather Forecasting And Prediction, Climate Change Research, Renewable Energy, Natural Resources Management, Urban Planning And Infrastructure
5) By End-User: Government Agencies And Research Institutions, Energy Sectors, Agriculture And Food Industry, Insurance And Risk Management, Transportation And Logistics
Subsegments:
1) By Climate Data Operators (CDO): CDO Command Line Tools, CDO Graphical User Interface Tools
2) By Climate Forecast System (CFS): CFSv2, CFS Reanalysis
3) By Climate Model Intercomparison Project (CMIP): CMIP5, CMIP6
4) By National Centers For Environmental Prediction (NCEP) Reanalysis Data: NCEP Or NCAR Reanalysis, NCEP/DOE Reanalysis
5) By European Centre For Medium-Range Weather Forecasts (ECMWF) ERA5: ERA5 Land, ERA5 Climate Data Store
6) By National Aeronautics And Space Administration (NASA): NASA GES DISC Data, NASA MODIS Data
7) By Modern-Era Retrospective Analysis For Research And Applications (MERRA): MERRA-1, MERRA-2
8) By National Oceanic And Atmospheric Administration (NOAA): NOAA National Weather Service Data, NOAA Climate Data Online
9) By Climate Prediction Center (CPC) Data: CPC Climate Outlooks, CPC Teleconnection Patterns
10) By Others: GHCN-Daily, GHCN-Monthly, Custom Climate Data Solutions, Third-Party Climate Data Services
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Who are the most influential companies in the climate data analysis market?
Major companies operating in the climate data analysis market report are IBM Corporation, Schneider Electric SE, Verisk Analytics Inc., MSCI Inc., Risk Management Solutions Inc., Environmental Systems Research Institute Inc., Vaisala Corporation, Meteo-France, National Oceanic and Atmospheric Administration, AccuWeather Inc., StormGeo, Climate Corporation, The Climate Corporation, Environics Analytics Group Ltd., Earth Networks Inc., Climeworks AG, Climatempo, Planalytics Inc., Meteomatics AG, Climate X Ltd., Climate Analytics GmbH., Jupiter Intelligence Inc., Weather Source LLC, Sensible Weather, Climatiq Technologies GmbH.
What are the most influential trends expected to drive the climate data analysis market forward?
Major companies operating in the climate data analysis market are focusing on developing technologically advanced solutions, such as climate risk models, to predict impacts of climate change. These tools leverage AI and big data to assist in risk assessment, adaptation strategies, and regulatory compliance. Climate risk models assess potential impacts of climate change on assets and ecosystems by integrating scientific data and climate scenarios. They guide decision-making for adaptation and mitigation strategies to manage climate-related risks. For instance, in December 2022, CoreLogic, a US-based financial services company, launched Climate Risk AnalyticsTM. It empowers organizations to assess and mitigate climate-related risks through comprehensive, data-driven insights, enabling informed decision-making and strategic planning. Its purpose is to enhance resilience against climate change impacts, safeguarding assets, and ensure compliance with evolving regulations.
What are the major regional insights for the climate data analysis market, and which region holds the top position?
North America was the largest region in the climate data analysis market in 2024. The regions covered in the climate data analysis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Climate Data Analysis Market Report 2025 Offer?
The climate data analysis market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Climate data analysis refers to collecting, processing, and analyzing climate and weather patterns. This data is used to gain insights into the effects of climate change on various sectors, including finance, risk management, and environmental planning.
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