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Base Year
Historical Year
Forecast Year
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% |
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.
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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.
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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.
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% |
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.
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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.
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.
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:
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Breakup by Type |
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Breakup by End User |
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*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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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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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