The latest market report published by Constancy Researchers “Global Alternative Data Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities, Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Alternative Data Market: Overview
The global alternative data market was valued at US$ 1,790.5Million in 2020 and is estimated to grow at a CAGR of 61.3% during the forecast period. The global alternative data market is presumed to witness tremendous growth in the years to come owing to the increased different types of alternative data such as credit & debit card transactions, email receipts, geo-location (foot traffic) records, mobile application usage, satellite & weather data, social & sentiment data, and others along with the growing financial transactions worldwide. Furthermore, the growing use of internet-based technologies such as mobile devices, the internet of things (IoT), social media, sensors, and others along with the increased demand for alternative data from hedge funds are some other key factors for the growth of the alternative data market during the forecast period. Moreover, the increased demand for alternative data in the BFSI industry among hedge fund managers is one of the key opportunities for the global alternative data market over the upcoming years. In 2021, over 400 companies are selling alternative data to hedge funds, which is estimated to enhance market growth over the coming years. Besides, the increased number of cyberattacks is one of key the factors estimated to hamper the global alternative data market growth in the years to come.
Global Alternative Data Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global alternative data market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global alternative data market, the demand for alternative data has increased during the COVID-19 period due to the increased use of internet services across the globe.
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Global Alternative Data Market: Report Highlights
- Based on data type, the credit and debit card transactions category had a major share in the global alternative data market in 2020 and is presumed to witness the fastest growth over the forecast period. This is ascribed to the growing demand for this data from investors and the presence of a huge number of data providers. The advanced capabilities of the alternative data providers, such as customer expenditure sorting on the basis of age, gender, geography, seller, and other metrics are further estimated to boost the category growth.
- Based on end-user, the hedge funds operators category had a major share in the global alternative data market in 2020 and accounted for over 70% of the market revenue share in the same year. This is ascribed to the huge demand for alternative data from hedge fund organizations. The growing need for various sources of data to analyze the industries and find investment opportunities are estimated to enhance the segment growth. Besides, the retail category is estimated to witness lucrative growth during the forecast period due to increased use cases of alternative data such as satellite data, geo-location data, sentiment data, and others.
- Based on the regional analysis, North America had a major share in the global alternative data market in 2020 and is estimated to continue its dominant position over the upcoming years. This is majorly due to the early adoption of advanced technologies along with the presence of key players in the region. Besides, the Asia Pacific region is projected to grow at the fastest CAGR due to the rising adoption of technology along with the increased use of data-driven research in the region.
- As per the research by Constancy Researchers Private Limited, the global alternative data market is highly fragmented in nature owing to the presence of a large number of players at the global, regional, and country-level, especially the provider of credit/debit card transaction data and web scraped data.
- Mergers & acquisitions, strategic partnerships, and collaborations among key players are presumed to be the major strategies in the global alternative data market.
List of Key Players of Global Alternative Data Market
- 1010Data
- Advan
- Dataminr
- Earnest Research
- M Science
- Preqin
- RavenPack
- Thinknum Alternative Data
- UBS Evidence Lab
- YipitData
- Others
Global Alternative Data Market: Segmentation
Constancy Researchers Private Limited has segmented the global alternative data market on the basis of data type, industry, end use and regional analysis-
Global Alternative Data Market: By Data 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
- Others
Global Alternative Data Market: By Industry
- Automotive
- BFSI
- Energy
- Industrial
- IT & Telecommunications
- Media & Entertainment
- Real Estate & Construction
- Retail
- Transportation & Logistics
- Others
Global Alternative Data Market: By End Use
- Hedge Fund Operators
- Investment Institutions
- Retail Companies
- Others
Global Alternative Data Market: By Regional Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of Latin America (LATAM)
- Middle East & Africa (MEA)
- United Arab Emirates (UAE)
- Saudi Arabia
- Rest of Middle East & Africa (MEA)
