Market Overview:
The alternative data market is experiencing rapid growth, driven by emergence of specialized data providers, technological advancements in data analytics, and regulatory and compliance. According to IMARC Group's latest research publication, “Alternative Data Market Report by Data Type (Mobile Application Usage, Credit and Debit Card Transactions, Email Receipts, Geo-Location (Foot Traffic) Records, Satellite and Weather Data, Social and Sentiment Data, Web Scraped Data, Web Traffic, and Others), End Use Industry (Transportation and Logistics, BFSI, Retail and ECommerce, Energy and Utilities, IT and Telecommunications, Media and Entertainment, and Others), and Region 2025-2033“. The global alternative data market size reached USD 8,889.1 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 181,103.5 Million by 2033, exhibiting a growth rate (CAGR) of 35.18% during 2025-2033.
This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.
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Our report includes:
- Market Dynamics
- Market Trends And Market Outlook
- Competitive Analysis
- Industry Segmentation
- Strategic Recommendations
Factors Affecting the Growth of the Alternative Data Industry:
- Emergence of Specialized Data Providers:
Many specialized alternative data providers have emerged. They make it easier for businesses and investors to collect, clean, and analyze certain types of alternative data. These companies focus on user transactions, online activity, and environmental data. They turn raw data into actionable insights. This reduces the complexity and resources regular businesses need to use alternative data. As a result, it lowers the barriers to entry in this field. Specialized providers let users customize how they collect data. This helps meet their specific needs.
- Technological Advancements in Data Analytics:
The growing market is driven by advanced data analytics and machine learning (ML). These tools convert large amounts of unstructured data into useful insights. As analytics improve, firms can more easily access and analyze alternative data. Startups and multinationals can now use alternative data for decision-making. Tech upgrades increase the value of alternative data. This is thanks to democratization. So, its use is growing in industries like finance, retail, and technology.
- Regulatory and Compliance:
Data protection laws are changing in many countries. Companies in the alternative data business are now focusing on transparency and compliance. This shift boosts trust and credibility in the market. Also, increased compliance opens up new ways to aggregate and anonymize data. These techniques provide valuable insights while protecting individual privacy. These regulatory changes lower risks for both data providers and users. They also create a safer and more sustainable environment for alternative data.
Leading Companies Operating in the Global Alternative Data Industry:
- 1010Data Inc. (Advance Communication Corp.)
- Advan Research Corporation
- Dataminr Inc.
- Eagle Alpha
- M Science
- Nasdaq Inc.
- Preqin
- RavenPack
- The Earnest Research Company
- Thinknum Inc.
Alternative Data Market Report Segmentation:
By Data Type:
- Mobile Application Usage
- Credit and Debit Card Transactions
- Email Receipts
- Geo-location (Foot Traffic) Records
- Satellite and Weather Data
- Social and Sentiment Data
- Web Scraped Data
- Web Traffic
- Others
Credit and debit card transactions hold the biggest market share attributed to their ability to provide real-time insights into user spending behavior.
By End Use Industry:
- Transportation and Logistics
- BFSI
- Retail and ECommerce
- Energy and Utilities
- IT and Telecommunications
- Media and Entertainment
- Others
BFSI represents the largest segment, as these sectors heavily rely on alternative data for investment decisions, risk assessment, and user insights.
Regional Insights:
- 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
North America dominates the market owing to its advanced financial sector, high technological adoption rates, and the presence of key players in the alternative data industry.
Research Methodology:
The report employs a comprehensive research methodology, combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability.
Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.
About Us:
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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