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Global Alternative Data Market Share, Size, Analysis, Growth, Forecast: By Type: Credit and Debit Card Transactions, Email Receipts, Geo-Location (Foot Traffic) Records, Mobile Application Usage, Satellite and Weather Data, Social and Sentiment Data, Others; By Industry; By End User; Regional Analysis; Competitive Landscape; 2023-2028

Global Alternative Data Market Outlook

The global alternative data market size attained a value of USD 4.5 billion in 2022. The market is further expected to grow at a CAGR of 40.20% between 2023 and 2028, reaching a value of USD 37.3 billion by 2028.

 

Key Trends in the Market

Alternative data refers to a type of data which is integrated from non-traditional sources such as research notes, credit card transactions, social media commentary, or reviews of a policy or a product. Satellite imagery, data found through IoT sensors, and email receipts, among others, are some of the examples of alternative data. This kind of data is unstructured, hard to get, sizeable, and requires high analytical power.

 

  • Increasing demand for alternative data from venture capitalists and private equity players, to gain accurate, faster, and reliable and hard-to-get insights, is expanding the market for alternative data. Alternative data helps boost a company’s performance, which is heightening its adoption across various end use sectors.
  • With advent of rapid digitalisation and increased complexity of data structures, there is a growing importance of extraction of alternative data and valuable insights. Moreover, alternative data can grow existing customer relationships, identify suitable prospects, scale-up small businesses, and improve pre-screen initiatives, leading to a heightened alternative data market growth.
  • The increasing penetration of alternative data in the automotive sector is contributing towards the expansion of the market for alternative data. Alternative data is gaining traction among the auto lenders to expand their lending pools as the automotive market is combating increasing vehicle prices. Technological advancements in the automotive sector are expected to be key alternative data market trends.

 

Global Alternative Data Market Analysis

Based on type, the market is segmented into credit and debit card transactions, email receipts, geo-location (foot traffic) records, mobile application usage, satellite and weather data, social and sentiment data, web scraped data, and web traffic, among others. On the basis of industry, the market is classified into automotive, BFSI, energy, industrial, IT and telecommunication, media and entertainment, real estate and construction, retail, and transportation and logistics, among others. By end user, the market is categorised into hedge fund operators, investment institutions, and retail companies, among others. The regional markets for alternative data are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global alternative data market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • Dataminr, Inc.
  • 1010data, Inc.
  • Advan Research Corporation
  • M Science LLC
  • Preqin Ltd
  • Eagle Alpha Limited
  • RavenPack International S.L.U.
  • Thinknum Alternative Data
  • UBS AG
  • Yipit LLC
  • Others

 

Global Alternative Data Market Share by Industry

The BFSI segment, based on industry, accounts for a healthy share of the alternative data market, driven by the increasing dependence on alternative data to boost loan and facilitate account growth. Alternative data also opens new dimensions of customer acquisition and retention which is heightening the adoption of alternative data across banking and financial institutions. Growing efforts of baking and financial institutions towards collecting, organising, and gaining customer insights to improve growth, productivity, and augment risk management, are expected to expand the growth opportunities for alternative data in the BFSI sector in the forecast period.

 

Global Alternative Data Market Share by End User

Based on end user, the hedge fund operators segment accounts for a significant share of the market for alternative data. Alternative data enables hedge funds to gain an edge by providing critical insights about prices and market dynamics which traditional data cannot. In addition, alternative data can authenticate thesis of hedge fund managers which can provide insights about market expectations for future growth. Over the forecast period, the anticipated increase in adoption of alternative data such as web data, survey data, and weather data, is likely to add to the segment’s growth. Moreover, alternative data analyses unique customer behaviour which improves decision making, thereby escalating the demand for alternative data methods in hedge funds.

 

Competitive Landscape

Dataminr, Inc. is a leading software company which supports businesses by providing high-end solutions and integrated tools such as artificial intelligence (AI), real-time monitoring, digital documentation, and messaging. Founded in 2009, Dataminr is headquartered in New York, United States.

 

1010data, Inc. is a software as a service company which offers solutions related to retail overview, retail analytics, and market intelligence, along with a wide range of advanced solutions. This company was founded in 2000 and is currently headquartered in New York, United States.

 

Advan Research Corporation, established in 2015 and headquartered in New York, United States, is a renowned software developing company which provides solutions related to finances, retail, migration, and demographics. This company makes hedge funding lucrative by providing technological support and insights related to different sectors.

 

Other market players include M Science LLC, Preqin Ltd, Eagle Alpha Limited, RavenPack International S.L.U., Thinknum Alternative Data, UBS AG, and Yipit LLC, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Industry
  • End User
  • Region
Breakup by Type
  • Credit and Debit Card Transactions
  • Email Receipts
  • Geo-Location (Foot Traffic) Records
  • Mobile Application Usage
  • Satellite and Weather Data
  • Social and Sentiment Data
  • Web Scraped Data
  • Web Traffic
  • Others
Breakup by Industry
  • Automotive
  • BFSI
  • Energy
  • Industrial
  • IT and Telecommunication
  • Media and Entertainment
  • Real Estate and Construction
  • Retail
  • Transportation and Logistics
  • Others
Breakup by End User
  • Hedge Fund Operators
  • Investment Institutions
  • Retail Companies
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Dataminr, Inc.
  • 1010data, Inc.
  • Advan Research Corporation
  • M Science LLC
  • Preqin Ltd
  • Eagle Alpha Limited
  • RavenPack International S.L.U.
  • Thinknum Alternative Data
  • UBS AG
  • Yipit LLC
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Alternative Data Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Alternative Data Historical Market (2018-2022) 
    8.3    Global Alternative Data Market Forecast (2023-2028)
    8.4    Global Alternative Data Market by Type
        8.4.1    Credit and Debit Card Transactions
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Email Receipts
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Geo-Location (Foot Traffic) Records
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
        8.4.4    Mobile Application Usage
            8.4.4.1    Historical Trend (2018-2022)
            8.4.4.2    Forecast Trend (2023-2028)
        8.4.5    Satellite and Weather Data
            8.4.5.1    Historical Trend (2018-2022)
            8.4.5.2    Forecast Trend (2023-2028)
        8.4.6    Social and Sentiment Data
            8.4.6.1    Historical Trend (2018-2022)
            8.4.6.2    Forecast Trend (2023-2028)
        8.4.7    Web Scraped Data
            8.4.7.1    Historical Trend (2018-2022)
            8.4.7.2    Forecast Trend (2023-2028)
        8.4.8    Web Traffic
            8.4.8.1    Historical Trend (2018-2022)
            8.4.8.2    Forecast Trend (2023-2028)
        8.4.9    Others
    8.5    Global Alternative Data Market by Industry
        8.5.1    Automotive
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    BFSI
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Energy
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Industrial
            8.5.4.1    Historical Trend (2018-2022)
            8.5.4.2    Forecast Trend (2023-2028)
        8.5.5    IT and Telecommunication
            8.5.5.1    Historical Trend (2018-2022)
            8.5.5.2    Forecast Trend (2023-2028)
        8.5.6    Media and Entertainment
            8.5.6.1    Historical Trend (2018-2022)
            8.5.6.2    Forecast Trend (2023-2028)
        8.5.7    Real Estate and Construction
            8.5.7.1    Historical Trend (2018-2022)
            8.5.7.2    Forecast Trend (2023-2028)
        8.5.8    Retail
            8.5.8.1    Historical Trend (2018-2022)
            8.5.8.2    Forecast Trend (2023-2028)
        8.5.9    Transportation and Logistics
            8.5.9.1    Historical Trend (2018-2022)
            8.5.9.2    Forecast Trend (2023-2028)
        8.5.10    Others
    8.6    Global Alternative Data Market by End User
        8.6.1    Hedge Fund Operators
            8.6.1.1    Historical Trend (2018-2022) 
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Investment Institutions
            8.6.2.1    Historical Trend (2018-2022) 
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Retail Companies
            8.6.3.1    Historical Trend (2018-2022) 
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Others
    8.7    Global Alternative Data Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022) 
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022) 
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022) 
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022) 
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022) 
            8.7.5.2    Forecast Trend (2023-2028)
9    North America Alternative Data Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Alternative Data Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Alternative Data Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Alternative Data Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Alternative Data Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis  
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Dataminr, Inc.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    1010data, Inc.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Advan Research Corporation
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    M Science LLC
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Preqin Ltd
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Eagle Alpha Limited
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    RavenPack International S.L.U.
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Thinknum Alternative Data
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    UBS AG
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Yipit LLC
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Others  
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Alternative Data Market: Key Industry Highlights, 2018 and 2028 
2.    Global Alternative Data Historical Market: Breakup by Type (USD Million), 2018-2022
3.    Global Alternative Data Market Forecast: Breakup by Type (USD Million), 2023-2028
4.    Global Alternative Data Historical Market: Breakup by Industry (USD Million), 2018-2022
5.    Global Alternative Data Market Forecast: Breakup by Industry (USD Million), 2023-2028
6.    Global Alternative Data Historical Market: Breakup by End User (USD Million), 2018-2022
7.    Global Alternative Data Market Forecast: Breakup by End User (USD Million), 2023-2028
8.    Global Alternative Data Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global Alternative Data Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America Alternative Data Historical Market: Breakup by Country (USD Million), 2018-2022
11.    North America Alternative Data Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Europe Alternative Data Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Europe Alternative Data Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Asia Pacific Alternative Data Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Asia Pacific Alternative Data Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Latin America Alternative Data Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Latin America Alternative Data Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Middle East and Africa Alternative Data Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Middle East and Africa Alternative Data Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Global Alternative Data Market Structure

Key Questions Answered in the Report

What was the alternative data market value in 2022?

The market reached a value of USD 4.5 billion in 2022.

What is the growth rate of the alternative data market?

The market is estimated to grow at a CAGR of 40.20% between 2023 and 2028.

What is the alternative data market forecast for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of USD 37.3 billion by 2028.

What are the major market drivers?

The increasing demand for alternative data from venture capitalists and private equity players, rapid digitalisation and increasing complexity of data structures, and increasing dependence on alternative data to enhance business profitability are the major drivers of the market.

What are the key trends of the market?

The key trends in the market include the increasing penetration of alternative data in the automotive sector and growing adoption of alternative data technologies by small-scale businesses.

What are the different types of alternative data in the market?

Credit and debit card transactions, email receipts, geo-location (foot traffic) records, mobile application usage, satellite and weather data, social and sentiment data, web scraped data, and web traffic, among others, are the different types of alternative data in the market.

What are the major industries in the market for alternative data?

Automotive, BFSI, energy, industrial, IT and telecommunication, media and entertainment, real estate and construction, retail, and transportation and logistics, among others, are the major industries in the market for alternative data.

Who are the key market players, according to the alternative data market report?

Dataminr, Inc., 1010data, Inc., Advan Research Corporation, M Science LLC, Preqin Ltd, Eagle Alpha Limited, RavenPack International S.L.U., Thinknum Alternative Data, UBS AG, and Yipit LLC, among others, are the key alternative data market players, according to the report.

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