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Alternative Data Market Trends, Size, Share, Growth and Forecast 2023-2028

According to the latest report by IMARC Group “Alternative Data Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global alternative data market size reached US$ 4,232.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 52,197.1 Million by 2028, exhibiting a growth rate (CAGR) of 50.9% during 2023-2028.

Alternative data, or alt-data, refers to the data and information about financial instruments that are collected from traditional sources such as SEC filings, financial statements, press releases, and management presentations. Alt data facilitates investors to evaluate their investment opportunities and obtain more accurate, faster and granular insights and metrics regarding the performance of an organization.

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Market Trends:

The global alternative data market is primarily driven by the increasing alternative data sources, such as mobile devices, social media, and IoT-enabled devices. Various companies are expanding their offerings by gathering data from such sources, propelling the market growth. Alt data is mostly used by financial entities like banks, hedge funds, mutual funds, and insurance organizations to formulate strategic plans using analytics platforms, fluid data architecture, data science and testing tools. Furthermore, the integration of connected devices with artificial intelligence (AI), machine learning (ML) and natural language processing (NLP) for analyzing hidden patterns in data is also positively influencing the market growth.

Breakup by Data Type:

  • Mobile Application Usage
  • Credit and Debit Card Transactions
  • Email Receipts
  • Geo-location (Foot Traffic) Records
  • Satellite & Weather Data
  • Social and Sentiment Data
  • Web Scraped Data
  • Web Traffic
  • Others

Breakup by End Use Industry:

  • Transportation and Logistics
  • BFSI
  • Retail and eCommerce
  • Energy and Utilities
  • IT and Telecommunications
  • Media and Entertainment
  • Others

Market Breakup by Region:

  • 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

Competitive Landscape with Key Player:

  • 1010Data Inc. (Advance Communication Corp.)
  • Advan Research Corporation
  • Dataminr Inc.
  • Eagle Alpha
  • M Science
  • Nasdaq Inc.
  • Preqin
  • RavenPack
  • The Earnest Research Company
  • Thinknum Inc.

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/alternative-data-market

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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