The Global Precipitation Measurement (GPM) Mission is an international satellite mission to unify and advance global precipitation measurements from a constellation of dedicated and operational microwave sensors. The GPM concept centers on the deployment of a Core Spacecraft in a non-Sun-synchronous orbit at 65deg inclination carrying a dual-frequency precipitation radar (DPR) and a multi-frequency passive microwave radiometer (GMI) with high-frequency capabilities to serve as a precipitation physics observatory and calibration standard for the constellation radiometers. The baseline GPM constellation is envisioned to comprise conical-scanning microwave imagers (e.g., GMI, SSMIS, AMSR, MIS, MADRAS, GPM-Brazil) augmented with cross-track microwave temperaturelhumidity sounders (e.g., MHS, ATMS) over land. In addition to the Core Satellite, the GPM Mission will contribute a second GMI to be flown in a low-inclination (approx.40deg) non-Sun-synchronous orbit to improve near real-time monitoring of hurricanes. GPM is a science mission with integrated applications goals aimed at (1) advancing the knowledge of the global waterlenergy cycle variability and freshwater availability and (2) improving weather, climate, and hydrological prediction capabilities through more accurate and frequent measurements of global precipitation. The GPM Mission is currently a partnership between NASA and the Japan Aerospace Exploration Agency (JAXA), with opportunities for additional partners in satellite constellation and ground validation activities. Within the framework of the inter-governmental Group ob Earth Observations (GEO) and Global Earth Observation System of Systems (GEOSS), GPM has been identified as a cornerstone for the Precipitation Constellation (PC) being developed under the auspices of Committee of Earth Observation Satellites (CEOS). The GPM Core Observatory is scheduled for launch in 201 3, followed by the launch of the GPM Low-Inclination Observatory in 2014. An overview of the GPM mission status, measurement capabilities, ground validation plans, and anticipated contributions to scientific research and societal applications with a special emphasis on nowcasting will be presented.