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The Alternative Data Market grew from USD 6.15 billion in 2023 to USD 8.47 billion in 2024. It is expected to continue growing at a CAGR of 38.59%, reaching USD 60.48 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Alternative data refers to non-traditional data sources, such as satellite imagery, social media activity, credit card transactions, and IoT sensor data, utilized to gain additional insights beyond conventional financial data like earnings reports. The necessity for alternative data is driven by the increasing complexity of markets and the need for investors to gain a competitive edge. Its application spans across various sectors, including finance, retail, and agriculture, where businesses use it to assess market trends, consumer behavior, and supply chain efficiency. This data plays a crucial role in enhancing decision-making processes, enabling firms to obtain more accurate predictions and strategies. The end-use scope primarily involves hedge funds, asset managers, corporations, and government agencies looking to refine strategies and improve returns. Market growth is significantly influenced by technological advancements in big data analytics, increasing digitalization, and rising demands for real-time data insights. Emerging opportunities lie in expanding AI capabilities, which can process complex alternative datasets more efficiently and uncover deeper insights. However, the market faces limitations due to data privacy concerns, high costs of data acquisition, and the challenges of data standardization and integration. Notwithstanding these challenges, there are substantial innovation opportunities in developing predictive analytics systems, integrating AI and machine learning with alternative data assessments, and enhancing regulatory frameworks to safeguard data usage. Businesses can capitalize on these by investing in technologies that merge diverse data streams to offer holistic insights. The nature of the alternative data market is highly dynamic and competitive, constantly reshaped by evolving technologies and shifting regulatory landscapes, presenting businesses with both opportunities for growth and challenges that require strategic navigation. Through continuous innovation and adaptation, firms can successfully harness alternative data to derive actionable market intelligence and optimize their operations.
Understanding Market Dynamics in the Alternative Data Market
The Alternative Data Market is rapidly evolving, shaped by dynamic supply and demand trends. These insights provide companies with actionable intelligence to drive investments, develop strategies, and seize emerging opportunities. A comprehensive understanding of market dynamics also helps organizations mitigate political, geographical, technical, social, and economic risks while offering a clearer view of consumer behavior and its effects on manufacturing costs and purchasing decisions.- Market Drivers
- Rapidly increase in types of sources and providers of alternative data
- Increasing demand from institutional investors to gain a competitive edge
- Significant benefits of alternative data in stock market trading
- Market Restraints
- High costs associated with alternative data sources
- Market Opportunities
- Rapid development of AI-based data analytics tools
- Rise in number of startups and new funding programs from PE and venture capital firms
- Market Challenges
- Risks associated with fraud cases and cybersecurity breaches
Exploring Porter’s Five Forces for the Alternative Data Market
Porter’s Five Forces framework further strengthens the insights of the Alternative Data Market, delivering a clear and effective methodology for understanding the competitive landscape. This tool enables companies to evaluate their current competitive standing and explore strategic repositioning by assessing businesses’ power dynamics and market positioning. It is also instrumental in determining the profitability of new ventures, helping companies leverage their strengths, address weaknesses, and avoid potential pitfalls.Applying PESTLE Analysis to the Alternative Data Market
External macro-environmental factors deeply influence the performance of the Alternative Data Market, and the PESTLE analysis provides a comprehensive framework for understanding these influences. By examining Political, Economic, Social, Technological, Legal, and Environmental elements, this analysis offers organizations critical insights into potential opportunities and risks. It also helps businesses anticipate changes in regulations, consumer behavior, and economic trends, enabling them to make informed, forward-looking decisions.Analyzing Market Share in the Alternative Data Market
The Alternative Data Market share analysis evaluates vendor performance. This analysis provides a clear view of each vendor’s standing in the competitive landscape by comparing key metrics such as revenue, customer base, and other critical factors. Additionally, it highlights market concentration, fragmentation, and trends in consolidation, empowering vendors to make strategic decisions that enhance their market position.Evaluating Vendor Success with the FPNV Positioning Matrix in the Alternative Data Market
The Alternative Data Market FPNV Positioning Matrix is crucial in evaluating vendors based on business strategy and product satisfaction levels. By segmenting vendors into four quadrants - Forefront (F), Pathfinder (P), Niche (N), and Vital (V) - this matrix helps users make well-informed decisions that best align with their unique needs and objectives in the market.Strategic Recommendations for Success in the Alternative Data Market
The Alternative Data Market strategic analysis is essential for organizations aiming to strengthen their position in the global market. A comprehensive review of resources, capabilities, and performance helps businesses identify opportunities for improvement and growth. This approach empowers companies to navigate challenges in the increasingly competitive landscape, ensuring they capitalize on new opportunities and align with long-term success.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
- Americas
The report provides a detailed overview of the market, exploring several key areas:
- Market Penetration: A thorough examination of the current market landscape, featuring comprehensive data from leading industry players and analyzing their reach and influence across the market.
- Market Development: The report identifies significant growth opportunities in emerging markets and assesses expansion potential within established segments, providing a roadmap for future development.
- Market Diversification: In-depth coverage of recent product launches, untapped geographic regions, significant industry developments, and strategic investments reshaping the market landscape.
- Competitive Assessment & Intelligence: A detailed analysis of the competitive landscape, covering market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, technological advancements, and innovations in manufacturing by key market players.
- Product Development & Innovation: Insight into groundbreaking technologies, R&D efforts, and product innovations that will drive the market in future.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current size of the market, and how is it expected to grow?
- Which products, segments, and regions present the most attractive investment opportunities?
- What are the prevailing technology trends and regulatory factors influencing the market?
- How do top vendors rank regarding market share and competitive positioning?
- What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?
Table of Contents
1. Preface
2. Research Methodology
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
List of Figures
List of Tables
Companies Mentioned
The leading players in the Alternative Data Market, which are profiled in this report, 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
- YipitData
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 185 |
| Published | October 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 8.47 Billion |
| Forecasted Market Value ( USD | $ 60.48 Billion |
| Compound Annual Growth Rate | 38.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
