The global alternative data market size was valued at USD 1.72 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 58.5% from 2021 to 2028. The key factor contributing to the market expansion includes the significant increase in the types of alternative data sources over the last decade.
Alt-data, compared to the usual financial data gathered from traditional sources, is difficult to utilize in strategic plans. It is often unstructured, lacks specific patterns, and is collected very frequently. Thus, the investors need expert personnel and various technologies, including analytics platforms, fluid data architecture, data science, and testing tools, to leverage the meaningful information from this data. Further, Artificial Intelligence (AI) tools such as machine learning and Natural Language Processing (NLP) are gaining popularity for analyzing the data. AI-enabled data processing increases information generation and helps to extract hidden patterns in the data. As such, AI-based data analytics tools are anticipated to boost the market growth over the forecast period.
Alternative data refers to non-traditional data indicative of the future performance of an enterprise. It uses data sources, such as company filings, broker forecasts, e-commerce websites, public records, social media, web traffic, sensors and satellites. It enables the investors to obtain more accurate, faster and granular insights and metrics regarding the enterprise’s performance. These insights are also crucial for market outperformance, buy-side entities, funds and unit trusts to actively build fundamental investment models. As a result, it finds extensive applications across various industries, including automotive, banking, financial services and insurance (BFSI), energy, information technology (IT) and telecommunications.
Key Player Mentioned:
- 1010Data
- Advan
- Dataminr
- Earnest Research
- M Science
- Preqin
- RavenPack
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The study needed to concentrate on Leading manufacturers environments, and analysis for its market that is Keyword. The report centered on sections and the trends which influence or drive the development of the business Along with exploring regions. The researchers focused on development tendencies in addition to the sector. The players are Focusing on acquisitions and mergers approaches create earnings and to acquire a foothold on the industry. Additionally, the marketplace is anticipated to quicken alliances which are implemented across the globe as a result of exponential need for Alternative Data over companies and businesses.
Product Segment Analysis:
- Credit & Debit Card Transactions
- Email Receipts
- Geo-location (Foot Traffic) Records
- Mobile Application Usage
- Satellite & Weather Data
- Social & Sentiment Data
Application Segment Analysis:
- Automotive
- BFSI
- Energy
- Industrial
- IT & Telecommunications
- Media & Entertainment
Regional Segment Analysis: North America, Europe, Asia Pacific, Latin America, and Mideast and Africa.
Regional evaluation is yet another highly vast region of the research and analysis study of the Global Alternative Data Market presented in the report. This section sheds light on the sales growth of distinct regional and country-level niches. The historical and forecast period 2020 to 2026 gives accurate and detailed country-wise quantity evaluation along with region-wise market size analysis from their worldwide Alternative Data marketplace.
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KEY aspects covered in the report include:
1. The market size and industry growth rate of the global and regional market across various segments
2. The region or the sub-segment that is expected to drive the Alternative Data market in the forecast period 2021-2028
3. Key companies operating in the global Alternative Data market and their market share
4. The Factors that are estimated to drive the Alternative Data Market growth
5. Key opportunities in the Alternative Data market
6. Key technological advancements and market trends that shape the market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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In the analysis, an overview of the forms, procedures and value chains has been contained for the sake of the reader.Key Player Mentioned: Dentamerica, Durr Dental, Carestream, Planmeca, Castellini, Stern Weber, Sirona, Gendex, Polaroid, C & S, DrQuickLook, Suni Medical Imaging, CIEOSRequest Sample Copy at: https://introspectivemarketresearch.com/request/6244The study report gives a wide summary of trends that are new and emerging trends on the industry.
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This will enable readers create better business decisions and comprehend the trajectory of this marketplace to create the investments.Product Segment Analysis: Blue Light, White Light, OtherApplication Segment Analysis: Hospital, Dental Clinic, OtherRegional Segment Analysis: North America (USA; Mexico; Canada), Europe(UK; Germany; France & Rest of Europe), Asia Pacific (China; India,; Japan; Singapore; South Korea & Oceania), Latin America, Middle East, Rest of the WorldThe report also covers wide product portfolio of prime players active during this market, in-depth explanations of business strategies, and competitive scenarios.
The researchers focused on development tendencies in addition to the sector.Objectives of this report: To study and analyze the global consumption (value & volume) by key regions/countries, product type, and application, history data from 2015, and forecast to 2026.
