Alternative Data

Alternative Data Market by Type (Credit & Debit Card Transactions, Email Receipts, Geo-location (Foot Traffic) Records), Industry (Automotive, BFSI, Energy) - Global Forecast 2024-2030

SKU
MRR-2D64BA93A57B
Region
Global
Publication Date
February 2024
Delivery
Immediate
2023
USD 6.15 billion
2030
USD 60.48 billion
2024
USD 8.47 billion
CAGR
38.59%
360iResearch Analyst
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[183 Pages Report] The Alternative Data Market size was estimated at USD 6.15 billion in 2023 and expected to reach USD 8.47 billion in 2024, at a CAGR 38.59% to reach USD 60.48 billion by 2030.

Alternative Data Market
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Alternative data represents an innovative class of non-conventional data sources, offering a competitive edge in the realm of business and investment decision-making. It encompasses a wide range of information, including satellite imagery, social media activity, mobile app usage, geo-location tracking, and transactional data. Alternative data often comes from indirect or non-financial sources and yields significant value when processed and analyzed accurately. Growth is primarily driven by its competitive advantage to investors and businesses in making informed decisions. The ever-increasing volume of data from digital sources, advancements in analytical tools, and the growing capacity to handle big data also contribute to the widespread adoption of alternative data. However, challenges that hamper the adoption include ensuring data quality, accuracy, timeliness, and legal and regulatory compliance, particularly concerning privacy and data protection laws. Additionally, integrating traditional and alternative data streams requires sophisticated data management and analysis capabilities, which can be a substantial barrier, especially for smaller entities. The alternative data industry offers vast opportunities, particularly for financial institutions, investment firms, and businesses looking for untapped insights. Further, alternative data has the potential to improve forecasting models, enhance customer understanding, and disrupt traditional business intelligence methodologies.
Alternative Data Market - Global Forecast 2024-2030
To learn more about this report, request a free PDF copy
FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Alternative Data Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Alternative Data Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Alternative Data Market, highlighting leading vendors and their innovative profiles. These include 7Park Data, Inc., Advan Research Corporation, Affinity Solutions, AlphaSense, Inc., Bloomberg Finance L.P., Consumer Edge, DATA.AI INC., Dataminr, Inc., Eagle Alpha Limited, Earnest Analytics, Exabel AS, ExtractAlpha Ltd., Facteus, Inc., Geotab Inc., M Science Holdings LLC, Nasdaq, Inc., Preqin Holding Limited, RavenPack International S.L.U., S&P Global Inc., Sentifi Group AG, The Earnest Analytics, Thinknum Alternative Data, UBS Evidence Lab, and YipitData.

Market Segmentation & Coverage

This research report categorizes the Alternative Data Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • Credit & Debit Card Transactions
    • Email Receipts
    • Geo-location (Foot Traffic) Records
    • Mobile Application Usage
    • Satellite & Weather Data
    • Social & Sentiment Data
    • Web Scraped Data
    • Web Traffic
  • Industry
    • Automotive
    • BFSI
    • Energy
    • Industrial
    • IT & Telecommunications
    • Media & Entertainment
    • Real Estate & Construction
    • Retail
    • Transportation & Logistics

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Alternative Data Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Alternative Data Market?
  3. What are the technology trends and regulatory frameworks in the Alternative Data Market?
  4. What is the market share of the leading vendors in the Alternative Data Market?
  5. Which modes and strategic moves are suitable for entering the Alternative Data Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Alternative Data Market, by Type
  7. Alternative Data Market, by Industry
  8. Americas Alternative Data Market
  9. Asia-Pacific Alternative Data Market
  10. Europe, Middle East & Africa Alternative Data Market
  11. Competitive Landscape
  12. Competitive Portfolio
  13. List of Figures [Total: 20]
  14. List of Tables [Total: 218]
  15. List of Companies Mentioned [Total: 24]
The Future of Data Analytics: Why Alternative Data is the Next-Generation’s Key to Success
January 23, 2024
BLOG
The Future of Data Analytics: Why Alternative Data is the Next-Generation’s Key to Success
With artificial intelligence (AI) taking the world by storm, the way we understand and manage data has changed significantly. It’s no secret that data has become an essential asset for businesses, paving the way for success. Alternative data is the latest buzz in the data analytics world, and it has the potential to transform businesses for good. In this blog post, we’ll explore the concept of alternative data and how it can be used to gain insights, make strategic decisions, and drive business growth.

What is Alternative Data?

Alternative data refers to non-traditional data sources that aren’t captured through conventional methods. It includes data that are generated from social media platforms, satellite imagery, credit card transactions, and more. Alternative data is relevant because it provides businesses with a more nuanced view of consumer behavior, market trends, and emerging risks. With AI-based data analytics tools making it easier to process and analyze large amounts of data, alternative data has become increasingly accessible and valuable.

The Benefits of Alternative Data:

Alternative data provides businesses with an edge over their competitors. By leveraging non-traditional data sources, companies can identify new opportunities, gauge consumer sentiment, and gain insights into market trends that they wouldn’t have access to otherwise. For example, a hedge fund could use satellite imagery to track the exact number of cars parked at a particular retail location every day and infer how much foot traffic the store gets.

The Challenges of Alternative Data:

Despite its potential benefits, alternative data comes with its own set of challenges. It can be expensive, and there are privacy concerns to consider. Additionally, the quality of alternative data sources varies greatly, and it may not always be reliable. One of the biggest challenges is processing and analyzing the sheer volume of data. With traditional data sources, you can filter out irrelevant data to a certain extent. With alternative data, this is much harder to do, making it more time-consuming to identify actionable insights.

The Future of Alternative Data:

Alternative data is a rapidly evolving space, and the future looks bright. New AI-based tools are making it easier to process and analyze large amounts of data. Additionally, with more data sources becoming available, the potential insights available to businesses are constantly expanding.

Alternative data is a game-changing concept that provides companies with a unique opportunity to gain insights into consumer behavior, market trends, and emerging risks. While it comes with its own set of challenges, the benefits of alternative data are undeniable. With AI-based data analytics tools making it easier to process and analyze large amounts of data, alternative data is set to become an essential asset for businesses. The future looks bright for alternative data, and we can expect more developments in this space in the years to come.

Frequently Asked Questions
  1. How big is the Alternative Data Market?
    Ans. The Global Alternative Data Market size was estimated at USD 6.15 billion in 2023 and expected to reach USD 8.47 billion in 2024.
  2. What is the Alternative Data Market growth?
    Ans. The Global Alternative Data Market to grow USD 60.48 billion by 2030, at a CAGR of 38.59%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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    Ans. We are approaching our 7th anniversary in 2024!
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