Product ID: UCMIG45C2059
Alternative Data Market Size, Share, Growth Analysis, By Data Type Outlook (Revenue, USD Million, 2017 - 2030)(Credit & Debit Card Transactions, Email Receipts), By Industry Outlook (Revenue, USD Million, 2017 - 2030)(Automotive, BFSI), By End-user Outlook (Revenue, USD Million, 2017 - 2030)(Hedge Fund Operators, Investment Institutions), By Regions(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG45C2059 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Alternative Data Market Insights
Market Overview:
The global market for alternative data was valued at USD 4,448.51 million in 2022, and it is projected to grow at a compound annual growth rate (CAGR) of 52.1% between 2023 and 2030. The growth of this market is primarily driven by the significant increase in the number of alternative data sources available over the past decade. While web scraping and financial transactions have been the most commonly used sources, emerging sources such as mobile devices, social media, satellites, sensors, and IoT-enabled devices are gaining popularity. Consequently, companies are expanding their offerings by gathering information from all these sources.
Alternative Data Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Data Processing & Outsourced Services by segment aggregation, the contribution of the Data Processing & Outsourced Services in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Alternative Data Market Report Snapshots
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