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Alternative Data Market Size, Share, Analysis and Industry Report 2022-2027

11-16-2022 04:41 AM CET | IT, New Media & Software

Press release from: IMARC Group

Alternative Data Market Size, Share, Analysis and Industry

According to the latest report by IMARC Group "Alternative Data Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global alternative data market size reached US$ 2,771.7 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 35,198.7 Million by 2027, exhibiting a growth rate (CAGR) of 51.6% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

What is Alternative Data?

Alternative data is information acquired from non-conventional sources and utilized by investors or investment firms to build a comprehensive investment strategy. It comprises credit card transaction and mobile device information, internet of things (IoT) sensor data, social media activities, satellite imagery, product reviews, web traffic and weather information. It also includes app utility, retail inventory information, mortgage data, airline bookings, e-commerce buying patterns, and environmental, social, and corporate (ESG) facts. It is segregated into three categories, such as data generated by individuals, business processes, and sensors that assist in understanding consumer behavior, analyzing business performances, predicting company sales, and tracking traffic. It enables businesses to make accurate insights and precise decisions with a proper understanding of the market trends in real-time.

It assists in comparing the performance of a company with its competitors, suppliers, and other connected networks in the industry. It helps analysts understand various viewpoints to create novel investment strategies, discover unforeseen insights, and predict future market changes effectively. Alternative data also allows portfolio managers to acquire real-time data about company performance to remain reactive with investment strategies. It provides firms with a substantial competitive advantage over other firms and enables them to understand and tackle delays or investments effectively. It optimizes the productivity of firms and simultaneously increases their reliability by reducing the probability of risks. Alternative data aids small businesses in improving their performance with detailed information, accurate credit risk assessments, and model market trends across the globe.

Request for a free sample copy of this report: https://www.imarcgroup.com/alternative-data-market/requestsample

Alternative Data Market Trends:

The increasing demand for alternative data among large enterprises to enhance risk assessment practices and gain deeper insights into business around the world represents one of the key factors driving the market. Besides this, the rising utilization of alternative data by life insurance companies, unit trusts, and private equity, mutual, and pension funds to develop innovative investment models is propelling the growth of the market. In addition, the growing adoption of alternative data analysis tools to evaluate credit card transaction information around the world is positively influencing the market. Apart from this, the increasing demand for alternative data among various companies to predict sales and economic signals and stay compliant with market trends is bolstering the growth of the market. Additionally, the growing demand for updated platforms among data analysts to analyze non-traditional data is offering a favorable market outlook. Moreover, key market players are investing in research and development (R&D) activities to enhance alternative data with artificial intelligence (AI) and other machine learning (ML) tools, which is strengthening the growth of the market.

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 at the global, regional and country level from 2022-2027. Our report has categorized the market based on 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

Market 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 with Key Player:

1010Data Inc. (Advance Communication Corp.)
Advan Research Corporation
Dataminr Inc.
Eagle Alpha
M Science
Nasdaq Inc.
Preqin
RavenPack
The Earnest Research Company
Thinknum Inc.

Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/alternative-data-market

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry 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.

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Other Related Reports By IMARC Group

Computer Vision Market: https://www.imarcgroup.com/computer-vision-market

Affective Computing Market: https://www.imarcgroup.com/affective-computing-market

Version Control Systems Market: https://www.imarcgroup.com/version-control-systems-market

Custom T-shirt Printing Market: https://www.imarcgroup.com/custom-t-shirt-printing-market

Wireless Pos Terminals Market: https://www.imarcgroup.com/wireless-pos-terminals-market

Simulation Software Market: https://www.imarcgroup.com/simulation-software-market

Mobile Education Market: https://www.imarcgroup.com/mobile-education-market

Virtual Data Room Market: https://www.imarcgroup.com/virtual-data-room-market

Contact US

IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No (D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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