South Africa Alternative Data Market Size to Reach USD 598.95 Million by 2033 | With a 35.13% CAGR

South Africa Alternative Data Market Overview

Market Size in 2024: USD 39.87 Million

Market Size in 2033: USD 598.95 Million

Market Growth Rate 2025-2033: 35.13%

According to IMARC Group's latest research publication, "South Africa Alternative Data Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The South Africa alternative data market size reached USD 39.87 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 598.95 Million by 2033, exhibiting a growth rate (CAGR) of 35.13% during 2025-2033.

How AI is Reshaping the Future of South Africa Alternative Data Market

● Fintechs like Periculum are also leveraging alternative data points and artificial intelligence (AI) technologies such as mobile usage and transaction histories to make faster lending decisions, lower default rates, and provide access to credit for millions without customary credit histories.

● In South Africa, some banks and lenders use AI-driven models that assess non-customary signals such as utility bill payments and social data, to create banking services for 12 million unbanked adults.

● The draft National AI Strategy and its intent to establish a R1 billion AI Fund, along with improved data infrastructure and skills training, will create an enabling environment where companies can leverage other datasets to make better decisions in finance and other sectors.

● For Nedbank and TymeBank, AI provides real-time analysis of large quantities of alternative data in order to lower fraud losses, personalize consumer offers and build trust to improve consumer adoption in a highly competitive fintech environment.

● Local innovators use their AI tools to analyze payment history and digital footprint, easing the faster and more accurate credit scoring needed to better finance underserved SMEs in a market where customary methods leave much to be desired and demand for loans is high.

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Market Growth Factors

In South Africa, high smartphone penetration, high statistics of mobile money and high growth of the fintech industry enables high usage rates for mobile money and digital transactions. These trends have driven demand for alternative data usually including transaction data from third-party mobile wallets, utility bill payments and e-commerce data, which can be used for credit assessment in the absence of credit history. Financial institutions and lenders too have increased their use of non-customary data to be more inclusive and for predictive analytics, spurred on by increased demand for tailored financial services.

AI and machine learning are increasingly applied in South Africa to drive insights through unstructured data and social media sentiment, geospatial data and Internet of Things (IoT) inputs. As digital transformation and cloud infrastructure investments are growing, the use of these technologies is supporting Africa's development in fine-grained investment decision analysis, consumer behavior forecasting and operations optimization in the retail, financial services, agriculture and healthcare sectors. Decreasing costs, coupled with the ability to produce actionable intelligence of increasing accuracy from alternative data have driven hedge funds, asset managers and corporations to seek a competitive edge.

Growing requirements for data sovereignty and compliance with data protection laws such as the Protection of Personal Information Act (POPIA) are driving the demand for regional alternative data sources. The growth of hyperscale cloud providers in Africa as well as an increase in submarine cable systems are lowering the cost of and increasing the availability of high-quality, low-latency data. Provider incentives at both the regulatory and system levels can also create local innovations to address privacy issues and leverage opportunities such as sustainable investing and economic trend analysis to drive markets forward.

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Market Segmentation

Data Type Insights:

● 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
● Others

Industry Insights:

● Automotive
● BFSI
● Energy
● Industrial
● IT and Telecommunications
● Media and Entertainment
● Real Estate and Construction
● Retail
● Transportation and Logistics
● Other

End User Insights:

● Hedge Fund Operators
● Investment Institutions
● Retail Companies
● Others

Regional Insights:

● Gauteng
● KwaZulu-Natal
● Western Cape
● Mpumalanga
● Eastern Cape
● Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent Developement & News

● December 2025: TransUnion Telco Data Score launches in partnership with MTN and Chenosis, using mobile call data records as alternative data to assess creditworthiness for new-to-credit consumers, improving predictive performance by 25-35% over prior models and enabling millions with limited formal credit history to access financial services.

● June 2025: Fintech lenders expand adoption of alternative data sources including behavioral signals and real-time financial patterns, allowing faster loan approvals and greater inclusion for gig workers, freelancers, and self-employed individuals previously underserved by traditional credit bureau reports.

● April 2025: Fintech innovations introduce stand-alone alternative credit scoring models for first-time borrowers, leveraging non-traditional data like digital footprints to serve credit-invisible consumers and enhance access beyond conventional scores.

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IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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