The global storm tracking apps market is estimated to grow at a significant CAGR over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing incidences of weather disturbances, especially in coastal areas, along with rapid adoption of mobile applications for news. The prevalence of storms has increased significantly over the past decade due to various causes, such as, increasing global warming, melting glaciers and polar caps, rapid deforestation, and increased burning of fossil fuels, among others. According to a report by the World Meteorological Organization (WMO), the losses caused by storms and hurricanes from 2010–2019 amounted to an average of USD 383 million per day over the decade, meanwhile, three of the costliest 10 disasters occurred in 2017. Moreover, the need to widen the reach of the predictions of weather forecasting system is estimated to boost the market growth. In addition to this, the introduction of emergency notification systems on mobile applications is another major factor estimated to boost the market growth. Furthermore, the growing usage of mobile phone and increasing penetration of internet. According to the World Bank Statistics, 48.997% of the global population used internet in 2018; which grew to over 59% in 2020 and is estimated to cross 60% by the end of 2021.
The market is segmented by software type into IOS, android, and others, out of which, the IOS segment is anticipated to hold the notable share in the global storm tracking apps market over the forecast period on account of high number of IOS users in storm prone countries. For instance, U.S. is a hurricane and storm prone country, especially the coastal areas of the Atlantic Ocean. Around 12 storms hit the United States in 2020. On the same hand, approximately 52% individuals use IOS in the U.S. CLICK TO DOWNLOAD SAMPLE REPORT
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
On the basis of geographical analysis, the global storm tracking apps market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the rising number of storms and cyclones emerging in the Atlantic. For instance, around 12 storms hit the U.S. in 2020, up from 6 in 2019. Moreover, the growing number of individuals with mobile cellular subscription is estimated to boost the regional market growth.
The market in Europe region is estimated to witness noteworthy growth over the forecast period on the back of increasing cases of weather disturbances, especially hurricanes and storms from the Atlantic, along with rising need for an efficient communication system to inform people about the conditions.
The global storm tracking apps market is further classified on the basis of region as follows:
Our in-depth analysis of the global storm tracking apps market includes the following segments:
FREQUENTLY ASKED QUESTIONS
Increasing incidences of weather disturbances and the need for a system to transfer information to boost the market growth.
The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2022 – 2030.
Lack of technically informed workers is estimated to hamper the market growth.
The market in the North America is estimated to provide more growth opportunity over the forecast period on the back of increasing cases of storms, growing damage caused by natural disasters, and the rising use of internet.
The major players in the market are SnapComms Inc., ACME AtronOmatic, LLC, Siemens AG, Rave Mobile Safety, Quincy Media, Inc., Honeywell International Inc., Regroup Mass Notification, AccuWeather Inc., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by software type, end-user, and by region.
The IOS segment is anticipated to hold largest market size over the forecast period owing to the rising number of IOS users across the globe.
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