Italy Alternative Data Market

Italy Alternative Data Market Size and Share: 

The Italy alternative data market size reached USD 140.80 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 2,569.90 Million by 2033, exhibiting a growth rate (CAGR) of 33.70% during 2025-2033. The Italy alternative data market is driven by the rapid digital transformation of enterprises, increasing adoption of big data analytics, government initiatives promoting data interoperability, and growing demand from financial services, retail, and healthcare sectors, leveraging non-traditional data sources like web scraping, IoT, and satellite imagery for competitive insights and decision-making.

Italy Alternative Data Market Trends:

Digital Transformation of Enterprises

Italy's pledge to digital change has been a key force in the growth of its alternative data market. The country's strategic plans are intended to increase the digital competencies of its businesses, thus promoting a strong data economy. Based on the European Commission's Digital Economy and Society Index (DESI), Italy has made significant strides in connectivity, especially in the development of Next Generation Access (NGA). Nevertheless, there are problems in the areas of digital competencies, which may vitally hinder the complete achievement of a digitalized economy. To help meet these challenges, the Italian government has introduced policies aimed at enhancing the interoperability and availability of public administration data through APIs. The effort enables data exchanges and encourages the development of Data Sharing Agreements, particularly in strategic fields with high potential. This impact of digital change is seen in the structural business data. The evidence from Istat reveals that as of 2024, Italy had a turnover of well over €4.1 trillion made by almost 4.3 million companies working within its regions. Value added at the cost of the factor stood at close to €1 trillion. This digital transformation has resulted in greater efficiency and productivity for Italian businesses. The use of digital technologies has made operations more efficient, lowered costs, and created new opportunities for data gathering and analysis. As a result, companies are using alternative data sources to better understand market trends, consumer behavior, and business performance.

Increasing Adoption of Big Data Analytics

The rising use of Big Data analytics is profoundly impacting Italy's alternative data sector, fueling high growth and innovation in different industries. In 2022, the Italian Big Data market grew by 20% from 2021 to a value of more than €2.4 billion. This trend reflects the increasing awareness among Italian businesses of the need for data-driven decision-making and analytics. Alternative data is other than traditional sources of data that give new information over and above usual datasets. The worldwide alternative data market is set to grow from USD 8.9 Billion in 2024 to USD 181.1 Billion in 2033, with a compound annual growth rate (CAGR) of 35.18% between 2025-2033. This is driven by the growing dependence of investors and firms on alternative data, data analysis technology developments in artificial intelligence (AI) and machine learning (ML), and the spread of internet and mobile technologies. In Italy, Big Data analytics integration into the alternative data space is creating a culture based on data among companies. Spending on data management and analytics tools has emerged as the major growth drivers, contributing 54% to the overall market and a 25% increase over 2021. This is an indication of increased focus on using data to drive better decision-making and improve operational effectiveness.

Italy Alternative Data Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for2025-2033. Our report has categorized the market based on data type, and end use industry.

Data Type Insights:

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

The report has provided a detailed breakup and analysis of the market based on the data type. This includes mobile application usage, credit and debit card transactions, email receipts, geo-location (foot traffic records), satellite and weather data, social and sentiment data, web scraped data, web traffic, and others.

End Use Industry Insights:

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

A detailed breakup and analysis of the market based on the end use industry have also been provided in the report. This includes transportation and logistics, BFSI, retail and ecommerce, energy and utilities, IT and telecommunications, media and entertainment, and others.

Regional Insights:

• Northwest
• Northeast
• Central
• South
• Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Northwest, Northeast, Central, South, and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Italy Alternative Data Market News:

• January 2025: Italy’s data protection regulator is investigating DeepSeek AI over potential privacy concerns related to its data collection practices. The inquiry focuses on how the company handles user information and complies with data protection laws. This drives the Italy alternative data market by increasing regulatory scrutiny, encouraging the adoption of compliant data analytics solutions, and pushing companies to innovate in privacy-focused data technologies.
• October 2024: The Includimi app, in collaboration with Experian, is using alternative data to assess the creditworthiness of individuals with limited financial history in Italy. This initiative enhances financial inclusion by leveraging non-traditional data sources for more accurate risk evaluation. This drives the Italy alternative data market by increasing the adoption of alternative credit scoring models in the financial sector.

Italy Alternative Data Market Report Coverage:

Key Questions Answered in This Report:

• How has the Italy alternative data market performed so far and how will it perform in the coming years?
• What is the breakup of the Italy alternative data market on the basis of data type?
• What is the breakup of the Italy alternative data market on the basis of end use industry?
• What are the various stages in the value chain of the Italy alternative data market? 
• What are the key driving factors and challenges in the Italy alternative data market?
• What is the structure of the Italy alternative data market and who are the key players?
• What is the degree of competition in the Italy alternative data market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Italy alternative data market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Italy alternative data market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Italy alternative data industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.