Global Alternative Data Market Analysis Report 2022-2030: Focus on Card Transactions, Mobile App Usage, Social and Sentiment Data – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Alternative Data Market Size, Share and Trends Analysis Report by Data Type (Card Transactions, Mobile App Usage, Social and Sentiment Data), by Industry, by Region and Segment Forecast , 2022-2030″ report has been added to from ResearchAndMarkets.com offer.
The global alternative data market size is expected to reach USD 143.31 billion by 2030 and is projected to grow at a CAGR of 54.4% from 2022 to 2030.
The growing focus on getting alpha from hedge funds is expected to drive demand for alternative data. Asset managers of hedge funds, mutual funds, private equity funds, pension funds, mutual funds, life insurance companies and other BFSI entities are very prone to use alternative data to obtain predictive information. Additionally, the use of alternative data for risk management processes is also expected to boost the market growth.
These days, data sources are not limited to transactions and email receipts, as businesses are finding ways to extract data from various emerging sources. These include social media, web traffic, mobile devices, sensors, IoT-based devices, satellites and e-commerce portals. Data analysts use this data in correlation with each other to derive various hidden patterns and information.
However, data collected from some of these sources conflicts with privacy regulations such as the California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR). Thus, data aggregators and end users must comply with the regulations, which ensures that their datasets are free from personally identifiable information (PII).
North America dominated the market and accounted for a revenue share of over 67.0% in 2021. The region is estimated to continue its dominance during the forecast period of 2022 to 2030.
The emerging presence of many alternative data providers in the United States is the main driving factor. Companies such as Advan, Eagle Alpha, M Science, and YipitData provide a variety of alternative data types, including credit and debit card transactions, email receipts, geolocation records (pedestrian traffic), mobile usage, satellite, weather data, social media and sentiment data and web scraping data. Acquisitions and partnership initiatives of companies such as Nasdaq and S&P Global Platts are further expected to fuel the growth of the regional market.
On the other hand, Asia-Pacific is expected to become one of the fastest growing regional markets during the forecast period. This is due to the increase in alternative data use cases in the BFSI, retail, automotive, and telecommunications industries. The use of alternative data for investments and risk assessment, especially of companies from emerging economies, such as India and China, is expected to drive the growth of the regional market.
Alternative Data Market Report Highlights
Amid the coronavirus pandemic, companies are using alternative data collected from social media, mobile phones, apps, wearables and other IoT-based devices to assess changes in consumer behaviors related to purchases and interest.
The credit and debit card transaction segment is expected to show the highest CAGR from 2022 to 2030 due to high accuracy of data type and large demand from asset managers.
The hedge fund operator segment held the largest revenue share among all end users in 2021 due to growing demand for data from investors and companies to identify lucrative investment opportunities and generate revenue. alpha.
The BFSI industry segment held the largest market share in 2021 as entities such as hedge funds, mutual funds, and insurance companies are early adopters of alternative data.
North America dominated the market and accounted for over 67.0% revenue share in 2021 and is expected to maintain its dominance from 2022 to 2030.
Emerging economies, such as India, Thailand, Singapore, and China are expected to drive the market in the Asia-Pacific region owing to the increase in the use cases of alternative data for predictive risk assessment.
Main topics covered:
Chapter 1. Methodology and scope
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Sector outlook
Chapter 3. Market Variable, Trends and Scope
3.1. Alternative Data Market Impact Analysis-COVID 19
3.2. Alternative data market trends
3.2.1. Technology Trends
3.2.2. Buyer Trends
3.2.3. Supplier Trends
3.2.4. Regulatory trends
3.3. Alternative Data Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Analysis of market opportunities
3.3.3. Analysis of market challenges
3.4. Mapping of penetration and growth prospects
3.5. Alternative Data Market Value Chain Analysis
3.6. Alternative Data Market Industry Analysis – Porter’s
3.7. Alternative Data-PEST Market Industry Analysis
3.8. Analysis of major transactions and strategic alliances
3.8.1. joint ventures
3.8.2. Mergers and Acquisitions
3.8.3. License & Partnership
3.8.4. Technological collaborations
Chapter 4. Alternative Data Market: Data Type Estimates and Trend Analysis
4.1. Alternative Data Market: Analysis of Data Types
4.1.1. Credit and debit card transactions
4.1.2. Email Receipts
4.1.3. Geolocation records (pedestrian traffic)
4.1.4. Use of mobile applications
4.1.5. Satellite and weather data
4.1.6. Social and sentiment data
4.1.7. Data retrieved from the web
4.1.8. web traffic
4.1.9. Other data types
Chapter 5. Alternative Data Market: Industry Estimates and Trend Analysis
5.1. Alternative Data Market: Industry Analysis
5.1.5. IT & Telecommunications
5.1.6. Media and entertainment
5.1.7. Real estate & construction
5.1.9. Logistic transport
5.1.10. Other industries
Chapter 6. Alternative Data Market: End User Estimates and Trend Analysis
6.1. Alternative Data Market: End User Analysis
6.1.1. Hedge fund operators
6.1.2. Investment Institutions
6.1.3. Retail companies
6.1.4. Other end users
Chapter 7. Alternative Data Market: Regional Estimates and Trend Analysis
7.1. Alternative data market share by region, 2019 & 2028
7.2. North America
7.4. Asia Pacific
7.5. South America
7.6. Middle East and Africa
Chapter 8. Competitive Analysis
8.1. Recent Developments and Impact Analysis, by Key Market Players
8.2. Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
8.3. Supplier Landscape
8.3.1. Analysis of key companies, 2021
8.4. Company analysis
8.4.1. Analysis of the company’s position in the market
8.4.2. Competitive Dashboard Analysis
Chapter 9. Competitive Landscape
9.1. Company presentation
9.2. Financial performance
9.3. Product Benchmarking
9.4. RECENT DEVELOPMENTS
Thinknum Alternative Data
UBS Evidence Lab
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