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Alternative Data Market (By Data Type – Sentiment Data, Geo-Location Data, Credit/Debit Card Data, Satellite Data, Web Data, Email Receipts, and Others. By application - Automotive, Retail, Energy, IT Telecommunications, Transportation Logistics, and Others. By Geography-North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)– Global industry analysis, size, share, growth, trends, and forecast, 2021– 2031.

Published Date : June 2020 | Report Id : TECIT 125 | Format : PDF, PPT, Excel | Slides : 150
Report Type : Syndicate Report

The Global Alternative Data Market was $3.2 Bn in 2020, and it is expected to reach $XX Bn by 2031. It is eventually growing at a commendable high compound of annual growth rate CAGR of 50.0% between 2021-2031.

Alternative data is the form of data extracted from big data and gives valuable insights for investing related decisions and designing strategies. Today market has seen a significant shift from traditional marketing and financial data methods to real-time data extraction, which leads to minimal timelines in deciding quickly and effectively. Web scraping is mainly used to extract such types of data, and many companies provide such types of services to many established companies. Bigger giants such as Accenture, Infosys, Alphabet, Facebook are investing a considerable amount of their marketing budget over alternative data extraction. Whether the politician or any government organization, data such as sentimental data, geolocation data, and mobile user data is used considerably in getting feedback about their work from different datasets, projecting people sentiments toward them and many others.

At the same time, alternative data can be the essential market parameters for most consumer goods companies. The government or private rating agencies are using such data types to calculate inflation and rating companies in different sectors. Alternative data is not a new concept, and many financial institutions such as investment bankers, credit bankers and many used such type of information for investing purposes. The change or transition in which Alternative Data process is now mainly moving towards automation rather than any manual intervention. With the help of Artificial intelligence and machine learning, alternative data generations have increased by more than 100 times in past five years.

The need for utilizing information benefits over competitors is the major driving factor for adopting alternative data across the world. Moreover, companies are figuring out multiple ideas with the help of alternative data that can support a significant investment decision. This information advantage of alternative data over competitors is expected to fuel market growth rapidly over the forecast period.

Global Web Data Segment Is Estimated to Witness Remarkable Growth

Alternative Data Market

Source: SAI Research

The global Alternative Data Market has been segmented into Data Type and Application. By data type, the global Alternative Data Market is divided into Sentiment Data, Geo-location Data, Credit/Debit Card Data, Satellite Data, Email Receipts, Web Data, and Others. By application, the global Alternative Data Market is divided into Automotive, Retail, Energy, BFSI, Healthcare, IT and Telecommunications, Transportation Logistics, and Others (Construction, Agriculture, defense, consumer goods). The web Data segment is estimated to witness remarkable growth over the forecast period due to high demand for web data such as web scraping and web traffic from the sales and asset management department.

By Region, North America is Holding the Major Market Share

The global Alternative Data Market has been geographically segmented into North America, Asia Pacific, Latin America, the Middle East, and Africa. In addition to this, North America Alternative Data Market is holding the largest market share currently and is estimated to show the highest compound annual growth rate in the upcoming forecast period due to the quick adoption of alternative data across different industry verticals. Nasdaq and other private financial institutions such as Standard and Poor’s are using such data to gather meaning full insights. In the future, where other nations financial institutions are looking forward in creating and utilizing such type of data, North America is looking forward to utilizing these data in other sectors and especially telecommunications. The Asia Pacific market is anticipated to witness significant growth due to emerging markets and key vendors in the region. Europe and LAMEA region are also projected to show a decent growth rate in the coming years.

Major Players in Global Alternative Data Market

Some of the key players in the global Alternative Data Market include Eagle Alpha Lt, YipitData, 7Park Data, Inc., M Science LLC, App Annie Inc, Talkingdata, The nPD Group, Inc, JWN Energy, Geotab Inc, Jumpshot, Quandl Inc., and Convergence Inc.

Scope of the Report:

Report Coverage

Details

Base Year:

2020

Market Size in 2020:

US$ 3.2 Billion

Historical Data for:

2018 to 2020

Forecast Period:

2021 to 2031

Forecast Period 2021 to 2031 CAGR:

50.0%

2031 Value Projection:

US$ XX Billion

Segments covered:

By Data Type: Sentiment Data, Geo-Location Data, Credit/Debit Card Data, Satellite Data, Web Data, Email Receipts, and Others.

By application Type: Automotive, Retail, Energy, IT Telecommunications, Transportation Logistics, and Others

Geographies covered:

North America: U.S., Canada, Mexico

Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe

Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific

Africa: South Africa, North Africa, and Africa

Middle East: GCC, Israel, and Rest of Middle East

Latin America: Brazil, Argentina, Rest of Latin America

Companies covered:

Eagle Alpha Lt, YipitData, 7Park Data, Inc., M Science LLC, App Annie Inc, Talkingdata, The nPD Group, Inc, JWN Energy, Geotab Inc, Jumpshot, Quandl Inc., and Convergence Inc.

The Global Alternative Data Market Has Been Segmented into:

Global Alternative Data Market: By Data Type

  • Sentiment Data
  • Geo-location Data
  • Credit/Debit Card Data
  • Satellite Data
  • Email Receipts
  • Web User Data
  • Mobile App User Data
  • Others

Global Alternative Data Market: By Application

  • Automotive
  • Retail
  • Energy
  • BFSI
  • Healthcare
  • IT Telecommunications
  • Transportation Logistics
  • Others (Travels, Real Estate etc.)

Global Alternative Data Market: By Region

  • North America
  • Europe
  • Asia Pacific
  • LAMEA (Latin America, Middle East & Africa (MEA))

Note:

*More Company Profiles can be added as per request

**Regional and country related reports also available.

Note: This table of contents is a content of a published report. As per client requirement, cross-sectional analysis across all industries or specific geography or ‘country-based’ analysis can be provided as a part of paid customization. Please place your queries on sales@sheeranalyticsandinsights.com or query@sheeranalyticsandinsights.com

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