Alternative Data Market Growth Analysis & Forecast Report | 2023-2032

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Alternative Data Market Trends, Analysis
Forecast, 2032
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• Industry Insights

• The growing prominence of internet, social media,
  e-commerce, and the IoT beyond traditional
  financial and economic indicators will drive the
  market growth. Rising advancements in technology,
  including big data analytics and AI, have made it
  feasible to process and extract valuable insights
  from massive volumes of data. The granular and
  real-time nature of alternative data offers
  deeper understanding of various industries and
  markets to offer competitive advantages. The
  surging focus of major industry players on
  innovative product developments to cater to the
  rising need for alternative data solutions is
  also expected to fuel the segment growth.

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• Alternative data market from the IT and telecom
  industry vertical segment accounted for
  considerable revenue share in 2022 and is likely
  to propel at notable CAGR from 2023 to 2032. The
  increasing reliance on cloud services, IoT
  devices, and mobile technologies has led to the
  proliferation of data sources. Moreover, as
  investors are leveraging IT and telecom data to
  make informed decisions, especially in
  technology-related investments, market players
  are introducing innovative solutions, further
  boosting the segment growth. For instance, in
  April 2023, Finastra, a global financial software
  tool provider, collaborated with Alygne, a
  platform that delivers customized ESG alternative
  data, to assist asset managers worldwide in
  making informed ESG investments.
• Alternative data market from the credit and debit
  card transactions type segment is set to witness
  substantial expansion through 2032. The growth
  can be attributed to the increasing inclination
  of customers towards cashless transaction
  options, including credit and debit cards.

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• Regional Analysis

Asia Pacific alternative data market size is
estimated to be worth USD 11.4 billion by the end
of 2032 attributed to the strong growth of
e-commerce and rising digital transactions in the
region. The rapid digital transformation has led
to the surge in online consumer activities and
adoption of emerging technologies, such as IoT
and mobile payment systems. For instance, in
2021, the highest number of real-time
transactions were conducted in India, reaching 48
billion.

• Competitive Analysis

• Advan Research Corporation, Dataminr Inc., Eagle
  Alpha Ltd., M Science LLC, and UBS Evidence Lab.

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