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Alternative Data Market Generating Revenue of USD 271.49 Billion By 2032, At a Booming 49.8% Growth Rate

04-12-2024 02:01 PM CET | IT, New Media & Software

Press release from: Polaris Market Research & Consulting

Alternative Data Market

Alternative Data Market

Polaris Market Research has recently published its latest report on the Alternative Data Market. The research report, which is a comprehensive analysis of the industry, states that the market for alternative data was valued at USD 7.16 billion in 2023 and is projected to reach USD 271.49 billion by 2032. The market is anticipated to exhibit a compound annual growth rate (CAGR) of 49.8% during the forecast period of 2024 to 2032.

Alternative data refers to data collected from nontraditional sources. In finance, this generally means looking beyond company filings and what brokers say to get a market edge. Common sources from which alternative data is collected include mobile device data, IoT sensor data, and credit card transaction data. Along with these sources, alternative data may be collected from satellite imagery, product reviews, web traffic, app usage, and weather data.

๐†๐ž๐ญ ๐š๐ง ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐… ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/alternative-data-market/request-for-sample

This data type meets the informed decision-making needs of investors with historical information. By going through the historical information, investors can perform predictive analytics and anticipate how a business may function under specific circumstances. Along with that, alternative data helps build stronger relationships with customers and maintain a competitive edge in the market.
The increased demand for unique insights and competitive advantage across various sectors is the primary factor driving the alternative data market forward. Besides, an exponential rise in big data arising from diverse sources like sensors, IoT, and social media platforms is another factor fueling the market expansion.

๐๐ซ๐จ๐ฆ๐ข๐ง๐ž๐ง๐ญ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

โ€ข 1010data, Inc.
โ€ข Advan Research Corporation
โ€ข Dataminr
โ€ข Earnest
โ€ข M Science LLC
โ€ข Preqin
โ€ข RavenPack
โ€ข Thinknum Alternative Data
โ€ข UBS
โ€ข YipitData

๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/buy/3785/2

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ

Investment Strategy Differentiation: Investors are seeking unique and varied data sources to gain an edge over competitors and generate alpha.

Technological Advancements: Advances in data analytics, machine learning, and artificial intelligence enable the efficient processing and analysis of large alternative data sets.

Demand for Real-Time Insights: Real-time data provides up-to-date insights into market trends and consumer behavior, offering a more current and dynamic view of the market.

Rising Data Availability: As digitalization expands, the availability and accessibility of alternative data sources continue to grow.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

The research study covers all the major regions and sub-regions of the market. Among the regional market, North America dominates the industry with the largest market share owing to the presence of a robust technological infrastructure in the region. Besides, the extensive adoption of AI technologies and a high concentration of leading industry participants are impacting the region's growth favorably.

๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐“๐ก๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ, ๐ก๐ž๐ซ๐ž: https://www.polarismarketresearch.com/industry-analysis/alternative-data-market

๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‡๐š๐ฌ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ž๐ ๐“๐ก๐ž ๐€๐ฅ๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐ฏ๐ž ๐ƒ๐š๐ญ๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐š๐ฌ๐ž๐ ๐Ž๐ง ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ, ๐ƒ๐š๐ญ๐š ๐“๐ฒ๐ฉ๐ž, ๐€๐ง๐ ๐„๐ง๐ ๐”๐ฌ๐ž๐ซ:

Alternative Data, Industry Outlook (Revenue - USD Billion, 2019 - 2032)

โ€ข Transportation & Logistics
โ€ข Industrial
โ€ข Real Estate & Construction
โ€ข Retail
โ€ข Automotive
โ€ข IT & Telecommunications
โ€ข BFSI (Banking, Financial Services, and Insurance)
โ€ข Energy
โ€ข Media & Entertainment
โ€ข Others

Alternative Data, Data Type Outlook (Revenue - USD Billion, 2019 - 2032)

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

Alternative Data, End User Outlook (Revenue - USD Billion, 2019 - 2032)

โ€ข Investment Institutions
โ€ข Retail Companies
โ€ข Hedge Fund Operators
โ€ข Other End-Users

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Private 5G Network Market: https://www.polarismarketresearch.com/industry-analysis/private-5g-network-market

Speech Analytics Market: https://www.polarismarketresearch.com/industry-analysis/speech-analytics-market

Corporate Lending Platform Market: https://www.polarismarketresearch.com/industry-analysis/corporate-lending-platform-market

Green Technology And Sustainability Market: https://www.polarismarketresearch.com/industry-analysis/green-technology-and-sustainability-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐ˆ๐ง๐Ÿ๐จ:

Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

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