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Alternative Data Market to Skyrocket: Projected Growth from USD 6.74 Bn in 2023 to USD 167.97 Bn by 2030

Alternative Data Market

Alternative Data Market

The ๐€๐ฅ๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐ฏ๐ž ๐ƒ๐š๐ญ๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ size was valued at US$ 6.74 Bn. in 2023 and the total revenue is expected to grow at 58.3% through 2024 to 2030, reaching nearly US$ 167.97 Bn.

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Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The Alternative Data Market is emerging as a critical tool for investors seeking an edge over traditional market insights. By using unconventional sources like web-scraped data, satellite imagery, and transaction records, alternative data provides more granular and real-time insights into company performance, market dynamics, and consumer behaviors. This information, not typically available from standard reports or filings, gives investors the opportunity to forecast financial outcomes with higher accuracy, thereby supporting more strategic decision-making.

๐–๐š๐ง๐ญ ๐ญ๐จ ๐’๐ž๐ž ๐ญ๐ก๐ž ๐“๐ซ๐ž๐ง๐๐ฌ? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ :https://www.maximizemarketresearch.com/request-sample/121998/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐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:

The rapid rise in the adoption of alternative data is largely driven by the growing demand from hedge funds and asset managers for unique, non-traditional data sources that can deliver new insights. These institutions are now seeing the value in using diverse information, such as credit card transactions, social media sentiment, and geo-location data, to gain an edge in the highly competitive financial markets. The increased desire for alpha-above-market returns-is prompting many firms to innovate in how they acquire and use data, resulting in significant growth in this market.

Another key driver is the advancement in data analytics technologies, such as AI and machine learning, which enables the efficient extraction and analysis of complex data sets. These technologies provide investors with real-time analysis capabilities, allowing them to identify emerging trends and react swiftly. This has made alternative data more accessible and usable for investment purposes, fueling greater interest across different industries, including retail, telecommunications, and banking.

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ซ๐ž๐ง๐๐ฌ:

A significant trend in the Alternative Data Market is the increasing collaboration between traditional financial institutions and data analytics firms. To fully leverage the potential of alternative data, many hedge funds and investment firms are forming strategic partnerships with data vendors specializing in collecting, processing, and analyzing unconventional data. These partnerships help firms to overcome technical challenges and gain actionable insights that are crucial for achieving superior investment performance.

๐“๐ก๐ž ๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐’๐ญ๐š๐ค๐ž๐ก๐จ๐ฅ๐๐ž๐ซ๐ฌ ๐œ๐š๐ง ๐„๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ :https://www.maximizemarketresearch.com/inquiry-before-buying/121998/

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Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ:

The increasing proliferation of mobile devices, connected sensors, and internet usage provides a wealth of opportunities for the Alternative Data Market to grow. As more data becomes available from everyday activities such as online purchases, location-based services, and social media interactions, companies can utilize this rich information to enhance their market predictions and make more informed decisions. For investors, this means accessing previously untapped sources of information to forecast trends, identify consumer preferences, and make more strategic investments.

๐–๐ก๐š๐ญ ๐ข๐ฌ 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 ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ?

North America dominates the Alternative Data Market, driven by the region's advanced technological infrastructure and a high level of adoption by financial institutions. Hedge funds and asset managers in the United States have been early adopters of alternative data, using it to generate outperformance and manage risk effectively. The presence of several key market players, including major data providers and analytics companies, further strengthens North America's leadership position in this sector. The region's focus on data-driven investment strategies has made it the hub for alternative data innovations.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐…๐ฎ๐ฅ๐ฅ ๐๐ƒ๐… ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ @https://www.maximizemarketresearch.com/request-sample/121998/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐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:

by Data Type

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

by Industry

Automotive
BFSI
Energy
Industrial
IT & Telecommunications
Media & Entertainment
Real Estate & Construction
Retail
Transportation & Logistics
Other Industries

by End users

Hedge Fund Operators
Investment Institutions
Retail Companies

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ 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ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

1. 1010Data
2. Advan
3. Dataminr
4. Earnest Research
5. M Science
6. Preqin
7. RavenPack
8. Thinknum Alternative Data
9. UBS Evidence Lab
10. YipitData
11. Nasdaq, Inc.
12. Eagle Alpha Ltd
13. 7Park Data Inc
14. Convergence Inc
15. Geotab Inc
16. Jumpshot
17. JWN Energy
18. Talkingdata

๐…๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ:https://www.maximizemarketresearch.com/market-report/alternative-data-market/121998/

๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

Past Market Size and Competitive Landscape
Alternative Data Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Alternative Data Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก :

โ™ฆ Headlight Market :https://www.linkedin.com/pulse/headlight-market-analysis-size-share-growth-factors-landscape-jadhav-rmewf/?trackingId=RNVL16ZlTtS99O9UBwu%2Fzg%3D%3D

โ™ฆ Global Biopsy Market https://www.maximizemarketresearch.com/market-report/global-biopsy-market/116684/

โ™ฆ Iron and Steel Market https://www.maximizemarketresearch.com/market-report/iron-and-steel-market/190953/

โ™ฆ IoT Platform Market https://www.maximizemarketresearch.com/market-report/global-iot-platform-market/10330/

โ™ฆ Global Log Management Market https://www.maximizemarketresearch.com/market-report/global-log-management-market/22019/

โ™ฆ Global Laser Diode Market https://www.maximizemarketresearch.com/market-report/global-laser-diode-market/35310/

โ™ฆ global Advanced Materials Market https://www.maximizemarketresearch.com/market-report/global-advanced-materials-market/55856/

โ™ฆ Polyurethane Elastomers Market https://www.maximizemarketresearch.com/market-report/polyurethane-elastomers-market/5798/

โ™ฆ Global Ophthalmic Lasers Market https://www.maximizemarketresearch.com/market-report/global-ophthalmic-lasers-market/70244/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

MAXIMIZE MARKET RESEARCH PVT. LTD.
โฎ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
โœ† +91 9607365656
๐Ÿ–‚ sales@maximizemarketresearch.com
๐ŸŒ www.maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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