Alternative Data Market Size, Share, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Alternative Data Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global alternative data market exhibited strong growth during 2015-2020. Alternative data refers to non-traditional data indicative of the future performance of an enterprise. It uses data sources, such as company filings, broker forecasts, e-commerce websites, public records, social media, web traffic, sensors and satellites. It enables the investors to obtain more accurate, faster and granular insights and metrics regarding the enterprise’s performance. These insights are also crucial for market outperformance, buy-side entities, funds and unit trusts to actively build fundamental investment models. As a result, it finds extensive applications across various industries, including automotive, banking, financial services and insurance (BFSI), energy, information technology (IT) and telecommunications.

Significant growth in the banking, financial services and insurance (BFSI) industry across the globe is one of the key factors creating a positive outlook for the market. Financial entities, such as hedge fund, mutual fund and insurance organizations, use alternative data to formulate strategic plans using analytics platforms, fluid data architecture, data science and testing tools. Moreover, the sudden outbreak of the coronavirus disease (COVID-19) is further providing growth opportunities to market players. Organizations are extensively using alternative data collected from smartphones, wearable devices, social media, websites and applications to gain meaningful insights regarding consumer behavior. Additionally, various technological advancements, such as the integration of connected devices with the Internet of Things (IoT), artificial intelligence (AI) and machine learning solutions, are acting as other growth-inducing factors. These technologies provide real-time updates regarding changes in consumer behavior patterns related to their interests and purchases. Other factors, including significant improvements in the information technology (IT) infrastructure, along with rising expenditure capacities of the consumers, are anticipated to drive the market toward growth. Looking forward, IMARC Group expects the global alternative data market to grow at a CAGR of around 38% during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global alternative data market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, data type and end use industry.

Breakup by Data Type:

Mobile Application Usage
Credit and Debit Card Transactions
Email Receipts
Geo-location (Foot Traffic) Records
Satellite & Weather Data
Social and Sentiment Data
Web Scraped Data
Web Traffic
Others

Breakup by End Use Industry:

Transportation and Logistics
BFSI
Retail and eCommerce
Energy and Utilities
IT and Telecommunications
Media and Entertainment
Others

Breakup by Region:

North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 1010Data Inc. (Advance Communication Corp.), Advan Research Corporation, Dataminr Inc., Eagle Alpha, M Science, Nasdaq Inc., Preqin, RavenPack, The Earnest Research Company and Thinknum Inc.

Key Questions Answered in This Report:

How has the global alternative data market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global alternative data market?
What are the key regional markets?
What is the breakup of the market based on the data type?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global alternative data market and who are the key players?
What is the degree of competition in the industry?