Dublin, Sept. 20, 2023 (GLOBE NEWSWIRE) -- The "Global Alternative Data Market by Type (Credit & Debit Card Transactions, Email Receipts, Geo-location (Foot Traffic) Records), Industry (Automotive, BFSI, Energy), End-user - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Alternative Data Market size was estimated at USD 4.48 billion in 2022, USD 6.15 billion in 2023, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 38.43% to reach USD 60.48 billion by 2030.
Market Segmentation & Coverage:
This research report categorizes the Global Alternative Data Market in order to forecast the revenues and analyze trends in each of following sub-markets:
- Based on Type, the market is studied across Credit & Debit Card Transactions, Email Receipts, Geo-location (Foot Traffic) Records, Mobile Application Usage, Satellite & Weather Data, Social & Sentiment Data, Web Scraped Data, and Web Traffic. The Web Traffic is projected to witness significant market share during forecast period.
- Based on Industry, the market is studied across Automotive, BFSI, Energy, Industrial, IT & Telecommunications, Media & Entertainment, Real Estate & Construction, Retail, and Transportation & Logistics. The Transportation & Logistics is projected to witness significant market share during forecast period.
- Based on End-user, the market is studied across Hedge Fund Operators, Investment Institutions, and Retail Companies. The Investment Institutions are projected to witness a significant market share during forecast period.
- The Americas commanded the largest market share of 37.89% in 2022, followed by Europe, Middle East & Africa.
The report provides insights on the following pointers:
- Market Penetration: Provides comprehensive information on the market offered by the key players
- Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
- Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
- Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
- Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
- Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
- What is the market size and forecast of the Global Alternative Data Market?
- What are the inhibiting factors and impact of COVID-19 shaping the Global Alternative Data Market during the forecast period?
- Which are the products/segments/applications/areas to invest in over the forecast period in the Global Alternative Data Market?
- What is the competitive strategic window for opportunities in the Global Alternative Data Market?
- What are the technology trends and regulatory frameworks in the Global Alternative Data Market?
- What is the market share of the leading vendors in the Global Alternative Data Market?
- What modes and strategic moves are considered suitable for entering the Global Alternative Data Market?
Market Dynamics
Drivers
- Rapidly increase in the types of alternative data sources
- Presence of numerous providers of credit and debit card transaction data
- Increasing demand from institutional investors to gain a competitive edge
Restraints
- Lack of expert personnel
Opportunities
- Rapidly growing AI-based data analytics tools
- Speedy growth in the banking, financial services and insurance (BFSI) industry and stock market trading
Challenges
- Higher risk than conventional data sources
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 183 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $6.15 Billion |
| Forecasted Market Value (USD) by 2030 | $60.48 Billion |
| Compound Annual Growth Rate | 38.4% |
| Regions Covered | Global |
Competitive Portfolio
- 1010data, Inc. by Advance Communication Corp.
- Bloomberg Second Measure LLC
- Dataminr, Inc.
- Eagle Alpha Limited
- Exabel AS
- ExtractAlpha Ltd.
- Facteus, Inc.
- Geotab Inc.
- M Science Holdings LLC
- Nasdaq, Inc.
- Preqin Holding Limited
- RavenPack International S.L.U.
- Sentifi Group AG
- The Earnest Analytics
- Thinknum Alternative Data
For more information about this report visit https://www.researchandmarkets.com/r/3xhxg1
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