The Alternative Data Market size was USD 7.18 Billion in 2023 and is expected to Reach USD 192.01 Billion by 2031 and grow at a CAGR of 50.8% over the forecast period of 2024-2031.

The alternative data market is rapidly transforming the investment landscape by providing non-traditional data sources to inform financial decision-making. Unlike conventional data such as earnings reports or market indices, alternative data encompasses information from unconventional channels like satellite imagery, social media activity, and credit card transactions. This data, often vast and unstructured, offers unique insights that can help investors detect trends, gauge consumer behavior, and forecast economic indicators with greater precision. The burgeoning availability and sophistication of alternative data are enabling hedge funds, asset managers, and other financial institutions to gain competitive advantages by uncovering market opportunities and risks that might otherwise go unnoticed.

Driving the growth of the alternative data market is the advancement in technology, particularly in big data analytics and artificial intelligence. These technologies allow for the processing and analysis of massive datasets in real time, making it possible to extract actionable insights from complex and diverse sources. Additionally, the increasing volume of digital footprints left by individuals and businesses has expanded the scope of available data, prompting firms to integrate alternative data into their investment strategies. As regulatory landscapes evolve and data privacy concerns are addressed, the alternative data market is poised for significant expansion, potentially reshaping how financial analyses and decisions are conducted in the future.

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Covid 19 impact analysis:

The latest report is the most recent study that offers 360° coverage of the Alternative Data  industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Alternative Data  market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.

Major companies profiled in the market report include

 1010Data, Advan, Dataminr, Earnest Research, M Science, Preqin, RavenPack, Thinknum Alternative Data, UBS Evidence Lab, YipitData, and other players . 

Research objectives:

The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Alternative Data  market.

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It has segmented the global Alternative Data market

By Data Type

• Card Transactions
• Mobile Application Usage
• Social & Sentiment Data  

By Industry

• Automotive
• BFSI
• Energy
• Industrial
• IT & Telecommunications
• Media
• Entertainment
• Real Estate & Construction

By End User

• Hedge Fund Operators
• Investment Institutions
• Retail Companies
• Other End-users

Key Objectives of the Global Alternative Data Market Report:

• The report conducts a comparative assessment of the leading market players participating in the globalAlternative Data 
• The report marks the notable developments that have recently taken place in the Alternative Data industry
• It details on the strategic initiatives undertaken by the market competitors for business expansion.
• It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of theAlternative Data market value chain.
• The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market 

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