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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Alternative Data Market Size

The global alternative data market size attained a value of USD 6.31 billion in 2023. The market is further expected to grow at a CAGR of 40.2% between 2024 and 2032, reaching a value of USD 132.04 billion by 2032.

Global Alternative Data Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 6.31
Market Size 2032 USD Billion 132.04
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 40.2%
CAGR 2024-2032 - Market by Region North America 46.3%
CAGR 2024-2032 - Market by Country India 47.5%
CAGR 2024-2032 - Market by Country USA 45.8%
CAGR 2024-2032 - Market by Type Geo-Location (Foot Traffic) Records 46.1%
CAGR 2024-2032 - Market by End User Hedge Fund Operators 44.2%
Market Share by Country 2023 France 3.2%

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.

Global Alternative Data Market

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  • 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.

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.

Global Alternative Data Market

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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
CAGR 2024-2032 - Market by Country
India 47.5%
USA 45.8%
UK 45.1%
Germany 41.7%
China 39.6%
Canada XX%
France XX%
Italy XX%
Japan XX%
Australia XX%
Saudi Arabia XX%
Brazil XX%
Mexico XX%

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

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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 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market reached a value of USD 6.31 billion in 2023.

The market is estimated to grow at a CAGR of 40.2% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 132.04 billion by 2032.

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.

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.

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.

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.

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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C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124