Press release
Global Alternative Data Market: Exponential Growth, Key Drivers, and Emerging Trends Forecasted to 2029
Alternative Data Market
What Is The Projected Market Size Of The Global Alternative Data Market And Its Growth Rate?
• In recent years, the Alternative Data Market size has grown exponentially. From a market size of $6.7 billion in 2024, it is predicted to reach $36.29 billion in 2029.
• The market is expected to grow at a compound annual growth rate (CAGR) of 44.1% from 2024-2025 and a CAGR of 39.2% from 2025-2029.
• This growth can be attributed to increased Internet penetration, stronger economic growth in emerging markets, rising e-commerce, and increased availability of mobile devices amongst others.
What Is Driving The Growth In The Alternative Data Market?
The growth of the alternative data market is being driven by the increasing adoption of 5G networks. 5G accelerates the uptake of alternative data applications and services and enables new use cases. The bandwidth offered by 5G allows more data to be sent during a given period while the lower latency ensures data reaches its destination faster. Increased 5G coverage supports multiple network topologies, facilitating easier alternative data communication. In fact, 5G is leading to an increase in data traffic, not just from smartphones but also from Internet-of-Things (IoT) devices.
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Who Are the Key Players Driving Alternative Data Market Growth?
• Ravenpack International SL
• 1010data, Inc
• Vortexa Ltd.
• Eagle Alpha Ltd.
• Audit Analytics
• Thinknum Inc.
• Thasos Group
• Yewno, Inc.
• Advan Research Corporation
• Exante Data, LLC.
What Are The Key Trends In The Alternative Data Market?
• Integration of artificial intelligence (AI)
• Establishing collaborations with research institutions and established companies
• Launching next-generation platforms
• Investing in edge computing solutions
What Are The Segments Of The Global Alternative Data Market?
• By Data Type: Credit And Debit card Transactions, Email Receipts, Geo-Location (Foot Traffic) Records, Mobile Application Usage, Satellite And Weather Data, Social And Sentiment Data, Web Scraped Data, Web traffic, Other Data Type.
• By Industry: Automotive, BFSI, Energy, Industrial, IT And Telecommunications, Media And Entertainment, Real Estate And Construction, Retail, Transportation And Logistics, Other Industries.
Which Region Leads The Alternative Data Market?
North America was the largest region in the alternative data market in 2024. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Alternative Data Market Global Market Report?
- Market Size Analysis: Analyze the Alternative Data Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Alternative Data Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Alternative Data Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Alternative Data Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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