Who are the key vendors in the Alternative Data Market?

The alternative data industry is expected to witness a high growth phase in the near future. The market is quite fragmented, with many small-scale companies and start-ups. In order to gain competitive advantage, the key market players are also focusing on achieving optimum accuracy in data sets and developing premium quality and high-value datasets through Research and Development (R&D) Studies by constantly innovating themselves. With respect to many of the types of data considered, such as sentimental data, footprint data, transaction data and others, we expect the threat of substitutes of alternative data would be low since a direct alternative in the market does not exist. Also, the web scraped and public domain dataset/verbiage like Annual reports, financials, etc., are turning out to be obsolete for better decision making as strategy managers start venturing toward alternative data to frame business strategies. '1010Data', 'Advan', 'Dataminr', 'Earnest Research', 'M Science', 'Preqin', 'RavenPack', 'Thinknum Alternative Data', 'UBS Evidence Lab', 'YipitData ', 'Beijing Tendcloud Tianxia Technology ', 'Convergence ', 'Geotab Inc.', 'Intrinio ', 'Japan Exchange Group '

Alternative Data Market Size

Q: What is the key market trend for Alternative Data Market?

Implementation of Technology to Handle Large Volume Data: Bioinformatics tools allow the identification of new biomarkers based on changes in human physiology highlighted by Alternative Data results. Biomarkers have utility for in-vitro diagnostics, environmental toxicology screening and drug discovery and development platform methods. Over the past decade, the omics revolution has amplified Alternative Data usages in biomedical fields.

SkyQuest Technology's Alternative data market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Alternative Data Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.

Alternative Data Market Insights

Global Alternative Data Market size was valued at USD 11.5 billion in 2023 and is poised to grow from USD 16.82 billion in 2024 to USD 353.1 billion by 2032, growing at a CAGR of 46.3% during the forecast period (2025-2032).

The key drivers attributed to alternative data market growth are related to the stunning rise in types of alternative information sources since the last decade. The majority of digital forensics currently used in practice, such as web scraping and financial transactions, are already well-established sources while the emerging sources such as mobile devices, social media platforms, satellites, sensors, IoT-enabled devices and more, are gaining mainstream acceptance. Thus, the companies are trying to harvest their offering by collecting data from all of these sources.

Increasing usage of hedge funds is projected to create lucrative growth opportunities for market during the forecast period. It has now been widely adopted, with over half of hedge fund managers using it in the pursuit of alpha generation and supporting the risk management processes. Compared to normal financial statements, which can be sourced from regular databases, alternative data is hard to use in strategic planning. It is usually unstructured, not stored in a particular way and collected at very high frequency. Hence, to utilize the heuristics rendered out of it, the investor has to procure resources varying from expert personnel to technologies like analytics platform, fluid data architecture, data science and testing tools. Though, AI tools in machine learning and NLP are also trending for analysis. Processing enabled by AI fosters information proliferation as well as extraction of latent patterns.

Alternative Data Market Report Snapshots

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Global Alternative Data Market size was valued at USD 10.18 Billion in 2023 and is poised to grow from USD 14.79 Billion in 2025 to USD 292.59 Billion by 2032, growing at a CAGR of 45.23 % in the forecast period (2025-2032).

'1010Data', 'Advan', 'Dataminr', 'Earnest Research', 'M Science', 'Preqin', 'RavenPack', 'Thinknum Alternative Data', 'UBS Evidence Lab', 'YipitData ', 'Beijing Tendcloud Tianxia Technology ', 'Convergence ', 'Geotab Inc.', 'Intrinio ', 'Japan Exchange Group '

Growing Application of Alternate Data in Hedge Funds

Implementation of Technology to Handle Large Volume Data: Bioinformatics tools allow the identification of new biomarkers based on changes in human physiology highlighted by Alternative Data results. Biomarkers have utility for in-vitro diagnostics, environmental toxicology screening and drug discovery and development platform methods. Over the past decade, the omics revolution has amplified Alternative Data usages in biomedical fields.

North America is dominating the market due to increasing adoption of alternative data, resulting in the expansion of alternative data market size. The sizeable market share of the region is attributed to a number of market players such as Advan, Eagle Alpha, M Science and UBS Evidence Lab. This factor along with the early adoption of alternative data from range of industry verticals makes this nation most prominent holder in market. Today, over 70% of American asset managers want to include alternative data in their investment strategy. Business alliances and purchases from Nasdaq and S&P Global Platts will also help spur the growth of the regional market. These are raising it above otherwise competitive regions.

Alternative Data Market Size

Alternative Data Market Insights

Alternative Data Market Report Snapshots

FAQs

What is the global market size of Alternative Data Market?

Who are the key vendors in the Alternative Data Market?

What is the key driver of Alternative Data Market?

What is the key market trend for Alternative Data Market?

Which region accounted for the largest share in Alternative Data Market?

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