Alternative Data Market Size, Trends and Insights 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), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Bloomberg LP
- Thomson Reuters Corporation
- FactSet Research Systems Inc.
- S&P Global Inc.
- IHS Markit Ltd.
- Refinitiv
- Others
Reports Description
Global Alternative Data Market 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.
When non-traditional information sources are employed for financial analysis and decision-making, the term alternative data is used. Usually encompassing a wide range of facts like credit card transactions, online traffic figures, internet user sentiment, satellite images, and more, this information extends beyond traditional financial reports.
Alternative Data Market: Growth Factors
Intensifying demand from hedge funds
Hedge funds desire to establish an upper hand in the financial sector by obtaining distinctive datasets beyond conventional sources like accounting records and economic reports. Alternative data provides insights into consumer preferences, industry dynamics, and market trends that are not recorded by traditional data sources.
It is gathered from a variety of sources, including social media, satellite photography, and Internet of Things devices. With the use of this extra data, hedge funds can control risks, produce alpha, and make better investment choices. Additionally, as the hedge fund sector becomes more competitive, there is a growing need for unique data-driven strategies, which is driving the growth of the alternative data market.
The use of alternative data is further fuelled by the ability of hedge funds to extract relevant information from large and complicated datasets thanks to improvements in machine learning and data analytics technology. For instance, only 3% of investors intend to reduce their exposure to hedge funds having a credit strategy this year, whereas 44% of investors want to grow it, as per the Goldman Sachs Prime Services Hedge Funds Insights.
The two coveted sub-strategies for hedge funds were distressed credit as well as long-short credit (a strategy of wagering on both appreciation and decline in bond prices, frequently incorporating hedging).
Adoption of data analytics for data extraction
The growing emphasis on unstructured data sources is a key trend propelling the use of data analysis for collecting data in the alternative data industry. Conventional structured data sources, such as statistical data and financial reports, have a narrow scope and frequently fall short of offering a complete picture of market dynamics.
As an outcome, to obtain insights into customer habits, logistical trends, and industry efficiency, market players are turning to alternate data sources including web scraping, social media feeds, and satellite imagery. To glean insights from these heterogeneous data sets, data analytics methods such as machine learning algorithms and natural language processing (NLP) are being utilized.
Through the use of sophisticated analytics tools, market players may find previously unnoticed patterns, spot new trends, and informed investment decisions in a rapidly changing and increasingly competitive landscape.
For instance, according to recent studies, SMEs that use data analytics are more capable of innovation. As per MIT Sloan and Deloitte, 92% of data analytics experts believe their organizations should leverage more external data. However, few businesses are truly utilizing external data, even though its usefulness is widely acknowledged.
Alternative Data Market: Restraints
Data interpretation
Due to issues with accuracy, dependability, and information, data interpretation might be devastating to the alternative data industry. Unstructured or unusual datasets are frequently found in alternative data sources, necessitating the use of complex interpretation methods to extract insightful information.
On the other hand, incorrect conclusions might be drawn due to biased analysis or misunderstanding in the absence of appropriate interpretation procedures. Furthermore, alternative data could not have consistent formats or information, which makes it challenging to properly compare or integrate with traditional datasets.
In addition, understanding alternative data necessitates multidisciplinary knowledge and domain experience, both of which could be deficient in some circumstances. Because of the possibility of erroneous or misleading insights and the difficulties associated with interpretation, organizations may be reluctant to invest in alternative data solutions.
Alternative Data Market: Opportunities
Emerging source of data for financial investment analysis
Using non-traditional data sources, such as social media sentiment analysis, satellite imaging, and Internet of Things (IoT) sensor data, is a growing trend in the alternative data industry for financial investment analysis. Non-traditional data sources provide distinct perspectives on consumer behaviour, market developments, and economic trends that are not encompassed by conventional financial statistics.
For instance, social media sentiment analysis may determine how the general public feels about certain companies or items, while satellite imagery can offer real-time information on retail shop foot traffic or agricultural productivity.
IoT sensor data from linked devices may also provide information on the dynamics of the supply chain or industrial activities. Investors are looking for alternative data sources that offer actionable insights to get a competitive edge provide actionable insights continue to drive growth in the alternative data market.
For instance, working with the summit alternative data provider BattleFin gave access to several of the biggest collections of alternative data accessible globally and assisted in opening up crucial new investment opportunities, LSEG is developing a new platform that will enable data engineers to effectively use and explore alternate data sources.
Alternative Data Market: Segmentation Analysis
Global Alternative Data market is segmented by data type, industry, end user and region. Based on data type, the market is classified into credit & debit card transactions, email receipts, geo-location records, mobile application usage, satellite data, social data, web traffic, and others. Credit & debit card transactions dominated the market in 2023 with a market share of 16.5% and are expected to keep their dominance during the forecast period 2024-2033.
Credit and debit card transactions yield so much useful information on consumer choices and spending habits, they are a major driver of the alternative data industry. Businesses may learn about customer preferences, spending patterns, and financial behaviours by analysing transaction data.
This knowledge can then be used in decision-making processes in a variety of sectors. Companies may evaluate credit risk, spot new possibilities, better grasp market trends, and customize marketing campaigns with the help of alternative data obtained from card transactions.
The extensive use of electronic payment systems has also resulted in an exponential rise in the volume of transaction data, which is driving the alternative data market’s expansion. Organizations are looking to improve their comprehension of credit and debit card transactions and customer dynamics to obtain a competitive advantage.
Based on industry, the market is classified into automotive, BFSI, energy, industrial, IT & telecommunications, and others. BFSI dominated the market in 2023 with a market share of 22.5% and is expected to keep its dominance during the forecast period 2024-2033.
Through a variety of strategies, the Banking, Financial Services, and Insurance (BFSI) industry propels the alternative data market. BFSI organizations depend on nontraditional data sources including social media, satellite pictures, and transactional data. This makes it possible for them to evaluate creditworthiness more precisely, particularly for people with short credit histories.
Furthermore, alternative data analytics assist BFSI companies in identifying fraudulent activity, improving risk management, and customizing financial services for clients. In addition, using alternative data gives a competitive edge when industry rivalry heats up by facilitating improved consumer segmentation, novel products, and market analysis.
Based on end user, the market is classified into hedge fund operators, investment institutions, retail companies, and others. Hedge fund operators dominated the market in 2023 with a market share of 46.8% and are expected to keep their dominance during the forecast period 2024-2033.
The alternative data industry is being driven by hedge fund operators who are looking for distinctive sources of data to obtain competitive knowledge and produce alpha. Hedge funds seek to recognize potential investments, evaluate risk factors, and make well-informed trading choices before the general market by utilizing these non-traditional datasets.
The need for additional information continues to grow with the emergence of artificial intelligence systems and statistical trading tactics, which hedge funds are using to improve their predictive modelling skills and obtain a competitive advantage in the quickly changing financial market.
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. |
Alternative Data Market: Regional Analysis
By region, Alternative Data market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominated the global Alternative Data market in 2023 with a market share of 44.6% and is expected to keep its dominance during the forecast period 2024-2033.
North America’s strong financial environment, sophisticated technology infrastructure, and innovative culture all contribute to its leadership in the alternative data industry. Accessibility to venture financing and the region’s vibrant startup environment support the growth and use of different data analytics platforms and services.
Furthermore, despite its strict regulations, North America’s market encourages competitiveness and creativity, which leads to the development of new data sources and analytics methods. To further acquire insights into trends in the market, buying habits, and economic metrics, there is a considerable need for alternative data in North America due to the existence of big financial institutions and investment organizations.
Moreover, the region’s willingness to foster partnerships and collaborations between technology providers and industry players expedites the assimilation of alternative data into decision-making processes.
Alternative Data Market: Recent Developments
- In January 2022, Codat signed an agreement with Moody’s Analytics. By connecting financial service providers with several accounting system sellers, it made it possible for them to use Moody’s Analytics solution and significantly increase screening efficiency for small company loans.
- In May 2022, M Science LLC established a consumer trend in spending structure and competitive benchmarking. The platform for Australian companies to spend money with clients and the best economic performance analysis.
- In September 2022, Thinknum Alternative Data disclosed its plan to integrate data SensorTower, Thinknum, Caplight, Similarweb, and Pathmatics with Lagoon, an advanced infrastructure structure to deliver a substitute supply of data for investment analysis in private sectors.
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
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
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
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Alternative Data Market, (2024 – 2033) (USD Billion)
- 2.2 Global Alternative Data Market: snapshot
- Chapter 3. Global Alternative Data Market – Industry Analysis
- 3.1 Alternative Data Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Intensifying demand from hedge funds
- 3.2.2 Adoption of data analytics for data extraction
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Data Type
- 3.7.2 Market Attractiveness Analysis By Industry
- 3.7.3 Market Attractiveness Analysis By End User
- Chapter 4. Global Alternative Data Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Alternative Data Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Alternative Data Market – Data Type Analysis
- 5.1 Global Alternative Data Market Overview: By Data Type
- 5.1.1 Global Alternative Data Market Share, By Data Type, 2023 and 2033
- 5.2 Credit & Debit Card Transactions
- 5.2.1 Global Alternative Data Market by Credit & Debit Card Transactions, 2024 – 2033 (USD Billion)
- 5.3 Email Receipts
- 5.3.1 Global Alternative Data Market by Email Receipts, 2024 – 2033 (USD Billion)
- 5.4 Geo-location Records
- 5.4.1 Global Alternative Data Market by Geo-location Records, 2024 – 2033 (USD Billion)
- 5.5 Mobile Application Usage
- 5.5.1 Global Alternative Data Market by Mobile Application Usage, 2024 – 2033 (USD Billion)
- 5.6 Satellite Data
- 5.6.1 Global Alternative Data Market by Satellite Data, 2024 – 2033 (USD Billion)
- 5.7 Social Data
- 5.7.1 Global Alternative Data Market by Social Data, 2024 – 2033 (USD Billion)
- 5.8 Web Traffic
- 5.8.1 Global Alternative Data Market by Web Traffic, 2024 – 2033 (USD Billion)
- 5.9 Others
- 5.9.1 Global Alternative Data Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global Alternative Data Market Overview: By Data Type
- Chapter 6. Global Alternative Data Market – Industry Analysis
- 6.1 Global Alternative Data Market Overview: By Industry
- 6.1.1 Global Alternative Data Market Share, By Industry, 2023 and 2033
- 6.2 Automotive
- 6.2.1 Global Alternative Data Market by Automotive, 2024 – 2033 (USD Billion)
- 6.3 BFSI
- 6.3.1 Global Alternative Data Market by BFSI, 2024 – 2033 (USD Billion)
- 6.4 Energy
- 6.4.1 Global Alternative Data Market by Energy, 2024 – 2033 (USD Billion)
- 6.5 Industrial
- 6.5.1 Global Alternative Data Market by Industrial, 2024 – 2033 (USD Billion)
- 6.6 IT & Telecommunications
- 6.6.1 Global Alternative Data Market by IT & Telecommunications, 2024 – 2033 (USD Billion)
- 6.7 Others
- 6.7.1 Global Alternative Data Market by Others, 2024 – 2033 (USD Billion)
- 6.1 Global Alternative Data Market Overview: By Industry
- Chapter 7. Global Alternative Data Market – End User Analysis
- 7.1 Global Alternative Data Market Overview: By End User
- 7.1.1 Global Alternative Data Market Share, By End User, 2023 and 2033
- 7.2 Hedge Fund Operators
- 7.2.1 Global Alternative Data Market by Hedge Fund Operators, 2024 – 2033 (USD Billion)
- 7.3 Investment Institutions
- 7.3.1 Global Alternative Data Market by Investment Institutions, 2024 – 2033 (USD Billion)
- 7.4 Retail Companies
- 7.4.1 Global Alternative Data Market by Retail Companies, 2024 – 2033 (USD Billion)
- 7.5 Others
- 7.5.1 Global Alternative Data Market by Others, 2024 – 2033 (USD Billion)
- 7.1 Global Alternative Data Market Overview: By End User
- Chapter 8. Alternative Data Market – Regional Analysis
- 8.1 Global Alternative Data Market Regional Overview
- 8.2 Global Alternative Data Market Share, by Region, 2023 & 2033 (USD Billion)
- 8.3. North America
- 8.3.1 North America Alternative Data Market, 2024 – 2033 (USD Billion)
- 8.3.1.1 North America Alternative Data Market, by Country, 2024 – 2033 (USD Billion)
- 8.3.1 North America Alternative Data Market, 2024 – 2033 (USD Billion)
- 8.4 North America Alternative Data Market, by Data Type, 2024 – 2033
- 8.4.1 North America Alternative Data Market, by Data Type, 2024 – 2033 (USD Billion)
- 8.5 North America Alternative Data Market, by Industry, 2024 – 2033
- 8.5.1 North America Alternative Data Market, by Industry, 2024 – 2033 (USD Billion)
- 8.6 North America Alternative Data Market, by End User, 2024 – 2033
- 8.6.1 North America Alternative Data Market, by End User, 2024 – 2033 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Alternative Data Market, 2024 – 2033 (USD Billion)
- 8.7.1.1 Europe Alternative Data Market, by Country, 2024 – 2033 (USD Billion)
- 8.7.1 Europe Alternative Data Market, 2024 – 2033 (USD Billion)
- 8.8 Europe Alternative Data Market, by Data Type, 2024 – 2033
- 8.8.1 Europe Alternative Data Market, by Data Type, 2024 – 2033 (USD Billion)
- 8.9 Europe Alternative Data Market, by Industry, 2024 – 2033
- 8.9.1 Europe Alternative Data Market, by Industry, 2024 – 2033 (USD Billion)
- 8.10 Europe Alternative Data Market, by End User, 2024 – 2033
- 8.10.1 Europe Alternative Data Market, by End User, 2024 – 2033 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Alternative Data Market, 2024 – 2033 (USD Billion)
- 8.11.1.1 Asia Pacific Alternative Data Market, by Country, 2024 – 2033 (USD Billion)
- 8.11.1 Asia Pacific Alternative Data Market, 2024 – 2033 (USD Billion)
- 8.12 Asia Pacific Alternative Data Market, by Data Type, 2024 – 2033
- 8.12.1 Asia Pacific Alternative Data Market, by Data Type, 2024 – 2033 (USD Billion)
- 8.13 Asia Pacific Alternative Data Market, by Industry, 2024 – 2033
- 8.13.1 Asia Pacific Alternative Data Market, by Industry, 2024 – 2033 (USD Billion)
- 8.14 Asia Pacific Alternative Data Market, by End User, 2024 – 2033
- 8.14.1 Asia Pacific Alternative Data Market, by End User, 2024 – 2033 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Alternative Data Market, 2024 – 2033 (USD Billion)
- 8.15.1.1 Latin America Alternative Data Market, by Country, 2024 – 2033 (USD Billion)
- 8.15.1 Latin America Alternative Data Market, 2024 – 2033 (USD Billion)
- 8.16 Latin America Alternative Data Market, by Data Type, 2024 – 2033
- 8.16.1 Latin America Alternative Data Market, by Data Type, 2024 – 2033 (USD Billion)
- 8.17 Latin America Alternative Data Market, by Industry, 2024 – 2033
- 8.17.1 Latin America Alternative Data Market, by Industry, 2024 – 2033 (USD Billion)
- 8.18 Latin America Alternative Data Market, by End User, 2024 – 2033
- 8.18.1 Latin America Alternative Data Market, by End User, 2024 – 2033 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Alternative Data Market, 2024 – 2033 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Alternative Data Market, by Country, 2024 – 2033 (USD Billion)
- 8.19.1 The Middle-East and Africa Alternative Data Market, 2024 – 2033 (USD Billion)
- 8.20 The Middle-East and Africa Alternative Data Market, by Data Type, 2024 – 2033
- 8.20.1 The Middle-East and Africa Alternative Data Market, by Data Type, 2024 – 2033 (USD Billion)
- 8.21 The Middle-East and Africa Alternative Data Market, by Industry, 2024 – 2033
- 8.21.1 The Middle-East and Africa Alternative Data Market, by Industry, 2024 – 2033 (USD Billion)
- 8.22 The Middle-East and Africa Alternative Data Market, by End User, 2024 – 2033
- 8.22.1 The Middle-East and Africa Alternative Data Market, by End User, 2024 – 2033 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Bloomberg LP
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Thomson Reuters Corporation
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 FactSet Research Systems Inc.
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 S&P Global Inc.
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 IHS Markit Ltd.
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Refinitiv
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Quandl Inc.
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 YipitData LLC
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 1010data Inc.
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Adara Inc.
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 AlphaSense Inc.
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Eagle Alpha Ltd.
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Estimize Inc.
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Foursquare Labs Inc.
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 M Science LLC
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 Thinknum Alternative Data Inc.
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.17 Orbital Insight Inc.
- 9.17.1 Overview
- 9.17.2 Financials
- 9.17.3 Product Portfolio
- 9.17.4 Business Strategy
- 9.17.5 Recent Developments
- 9.18 Predata Inc.
- 9.18.1 Overview
- 9.18.2 Financials
- 9.18.3 Product Portfolio
- 9.18.4 Business Strategy
- 9.18.5 Recent Developments
- 9.19 Truvalue Labs Inc.
- 9.19.1 Overview
- 9.19.2 Financials
- 9.19.3 Product Portfolio
- 9.19.4 Business Strategy
- 9.19.5 Recent Developments
- 9.20 Dataminr Inc.
- 9.20.1 Overview
- 9.20.2 Financials
- 9.20.3 Product Portfolio
- 9.20.4 Business Strategy
- 9.20.5 Recent Developments
- 9.21 Others.
- 9.21.1 Overview
- 9.21.2 Financials
- 9.21.3 Product Portfolio
- 9.21.4 Business Strategy
- 9.21.5 Recent Developments
- 9.1 Bloomberg LP
List Of Figures
Figures No 1 to 34
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
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| Demand-side |
|
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
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Prominent Player
- 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
FAQs
The restraints of the Alternative Data market is data interpretation.
The major driver for the Alternative Data market is intensifying demand from hedge funds and adoption of data analytics for data extraction.
The “Credit & Debit Card Transactions” category dominated the market in 2023.
The key players in the market are 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.
“North America” had the largest share in the Alternative Data Market.
The global market is projected to grow at a CAGR of 51.1% during the forecast period, 2024-2033.
The Alternative Data Market size was valued at USD 7.8 Billion in 2024.
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