Global Alternative Data Market size was valued at USD 7.8 Billion in 2024 and is expected to reach USD 143.8 Billion by 2033, at a CAGR of 51.1% during the forecast period 2024 – 2033.

Alternative Data Market: Overview

When organizations and investors employ unconventional data sources, including social media, satellite imaging, and site scraping, to obtain information for evaluation and decision-making, it’s referred to as alternative data.

An important development in alternative data is the growing granularity and diversity of data sources. Technological developments that facilitate the gathering and analyzing of huge and intricate datasets, such as machine learning techniques and big data analytics, are the driving forces behind this movement.

Furthermore, alternative data is being increasingly valued for its ability to offer distinct insights into a range of company, industry, and economic elements that are not captured by conventional financial measurements. Because of this, companies and investors are using alternative data more and more to obtain a competitive edge in fields including market research, investment analysis, risk management, and making strategic choices.

By data type, the credit & debit card transactions segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. The market for alternative data is dominated by credit and debit card transactions, which offer insightful information on buying patterns, corporate performance, and trends in the economy. This information facilitates data-based choices and market analysis.

By industry, the BFSI segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. The alternative data industry is fueled by the BFSI (Banking, Financial Services, and Insurance) sector, which requires distinct insights into customer spending patterns, market dynamics, risk evaluation, and investment possibilities.

By end user, the hedge fund operators segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. The supplemental data business is driven by hedge fund operators who use varied datasets to find investment opportunities and reduce risks, while also searching for novel insights to give them a competitive edge in the financial sector.

North America sophisticated technology infrastructure, strong financial environment, innovative culture, and significant interest in data-driven insights across several industries.

Bloomberg L.P. is a media, information, software, and financial services corporation. The firm offers data services, information, data analysis, and equities trading systems, among other banking software tools, to financial corporations and organizations. Bloomberg arose as a multibillionaire corporate magnate with a mission to transform the world.

Report Scope

Feature of the Report Details
Market Size in 2024 USD 7.8 Billion
Projected Market Size in 2033 USD 143.8 Billion
Market Size in 2023 USD 7.2 Billion
CAGR Growth Rate 51.1% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Data Type, Industry, End User and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

CMI has comprehensively analyzed the Global Alternative Data market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict in depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Alternative Data industry.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

Global Alternative Data Market 2024–2033 (By Billion)

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List of the prominent players in the Alternative Data Market:

  • Bloomberg LP
  • Thomson Reuters Corporation
  • FactSet Research Systems Inc.
  • S&P Global Inc.
  • IHS Markit Ltd.
  • Refinitiv
  • Quandl Inc.
  • YipitData LLC
  • 1010data Inc.
  • Adara Inc.
  • AlphaSense Inc.
  • Eagle Alpha Ltd.
  • Estimize Inc.
  • Foursquare Labs Inc.
  • M Science LLC
  • Thinknum Alternative Data Inc.
  • Orbital Insight Inc.
  • Predata Inc.
  • Truvalue Labs Inc.
  • Dataminr Inc.
  • Others

The Alternative Data Market is segmented as follows:

By Data Type

  • Credit & Debit Card Transactions
  • Email Receipts
  • Geo-location Records
  • Mobile Application Usage
  • Satellite Data
  • Social Data
  • Web Traffic
  • Others

By Industry

  • Automotive
  • BFSI
  • Energy
  • Industrial
  • IT & Telecommunications
  • Others

By End User

  • Hedge Fund Operators
  • Investment Institutions
  • Retail Companies
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America