Press release
Alternative Data Market Share, Size, Trends, Growth, Analysis, Outlook, Research Report and Forecast 2024-2032
Alternative Data Market
According to a new report by Expert Market Research titled, "Alternative Data Market Share, Size, Analysis, Report and Forecast 2024-2032″, the global alternative data market size reached a value of approximately USD 4.5 billion in 2023. Aided by the rapid digitisation and the growing demand for more precise and real-time data analytics, the market is projected to further grow at a CAGR of 40.20% between 2024 and 2032 to reach a value of USD 37.3 billion by 2032.
Get a Free Sample Report with Table of Contents@ https://www.expertmarketresearch.com/reports/alternative-data-market/requestsample
Alternative data refers to data collected from non-traditional sources, which are used in the financial industry to obtain insights that are not easily derived from traditional data sources. This includes web scraping, satellite images, transactional data, social media feeds, and more. It plays a significant role in predicting trends, making accurate forecasts, and obtaining a competitive edge, particularly in fields like finance, marketing, and market research.
The rising need for in-depth and more precise analytics is a primary factor propelling the global alternative data market growth. Companies are increasingly relying on non-traditional data sources to supplement their decision-making process, leading to a surge in demand for alternative data. Furthermore, the rapid digital transformation across sectors has resulted in the creation of vast amounts of data, which has fuelled the need for effective data analysis tools, thereby driving the alternative data market.
The extensive use of alternative data in various industries significantly influences the alternative data market demand. In the financial sector, alternative data is used for predictive analytics and risk management. Marketers utilise it to gain insights into consumer behaviour, enhance customer segmentation, and improve their marketing strategies. Besides, the increasing use of alternative data in market research for spotting trends and making accurate forecasts further propels the alternative data market growth.
Additionally, advancements in technology, including the growing use of artificial intelligence (AI) and machine learning (ML) for data analysis, are expected to boost the alternative data market expansion. These technologies enable the processing of large volumes of unstructured data from non-traditional sources, providing valuable insights and trends that aid in decision-making.
Moreover, the rise of fintech and regtech companies that rely heavily on alternative data for risk assessment, compliance, and strategic decisions is expected to further bolster the market's growth. The increasing popularity of these sectors and their reliance on data-driven decisions puts alternative data at the forefront of their strategies, thereby boosting alternative data market expansion.
Read Full Report with Table of Contents@ https://www.expertmarketresearch.com/reports/alternative-data-market
Alternative Data Market Segmentation
The market can be divided based on type, industry, end user, and region.
Market Breakup by Type
Credit and Debit Card Transactions
Email Receipts
Geo-Location (Foot Traffic) Records
Mobile Application Usage
Satellite and Weather Data
Social and Sentiment Data
Web Scraped Data
Web Traffic
Others
Market Breakup by Industry
Automotive
BFSI
Energy
Industrial
IT and Telecommunication
Media and Entertainment
Real Estate and Construction
Retail
Transportation and Logistics
Others
Market Breakup by End User
Hedge Fund Operators
Investment Institutions
Retail Companies
Others
Market Breakup by Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global alternative data companies. Some of the major key players explored in the report by Expert Market Research are as follows:
Dataminr, Inc.
1010data, Inc.
Advan Research Corporation
M Science LLC
Preqin Ltd
Eagle Alpha Limited
RavenPack International S.L.U.
Thinknum Alternative Data
UBS AG
Yipit LLC
Others
Read More Reports:
Top Honey Companies: https://bityl.co/M4NW
Architectural Services Market: https://bityl.co/M4OS
Automotive Sunroof Market: https://bityl.co/M4OV
Physical Security Services Market: https://bityl.co/M4OX
South Korea Smart Bed Market: https://bityl.co/M4Oa
Cash in Transit Services Market: https://bityl.co/M4Oc
United States Cold Storage Market: https://bityl.co/M4Og
Chlor-Alkali Market: https://bityl.co/M4Oi
Potash Fertilizers Market: https://bityl.co/M4Ok
United States Dialysis Services Market: https://bityl.co/M4On
Media Contact
Company Name: Claight Corporation
Contact Person: Louis Wane, Corporate Sales Specialist - U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Alternative Data Market Share, Size, Trends, Growth, Analysis, Outlook, Research Report and Forecast 2024-2032 here
News-ID: 3272615 • Views: …
More Releases from Expert Market Research
Emergency Medical Services Vehicle Market to Reach USD 78.41Bn by 2034
What Factors Are Driving the Rapid Growth of the Emergency Medical Services (EMS) Vehicle Market?
The rapid expansion of the Emergency Medical Services (EMS) vehicle market is driven by increasing demand for timely emergency response, rising global road accidents, and the growing need for advanced ambulance systems across both urban and rural healthcare networks. As critical-care response times become central to patient survival, emergency fleets-ranging from ground ambulances to air rescue…
Cough Syrup Market to Reach USD 9.03Bn by 2034
What Is Driving the Rapid Growth of the Global Cough Syrup Market Today?
The global cough syrup market is expanding steadily as respiratory disorders continue to rise due to increasing pollution, seasonal infections, and lifestyle-related weakening of immunity. In 2024, the global cough syrup market reached USD 6,222 million, supported by higher demand for both prescription and over-the-counter formulations. With innovations in product flavours, safer formulations, and greater accessibility through online…
US Topical Pain Relief Market to Reach USD 7.53Bn by 2034
What Is Driving the Rapid Growth of the United States Topical Pain Relief Market?
The United States topical pain relief market has seen significant expansion in recent years as consumers shift toward safer, convenient, and non-systemic pain management options. With chronic pain affecting nearly 20% of the U.S. population, demand for topical analgesics continues to grow. The market reached USD 3.30 billion in 2024 and is projected to surge to USD…
Nootropics Market to Reach USD 11.76Bn by 2034
What Is Driving the Rapid Expansion of the Global Nootropics Market?
The global demand for cognitive enhancement, improved mental performance, and better emotional wellbeing is reshaping the landscape of the nootropics market. As individuals seek solutions for productivity, memory, focus, sleep, and mood regulation, the market is experiencing a major surge driven by changing lifestyle patterns, rising stress levels, and greater awareness of brain health.
In 2024, the global nootropics market reached…
More Releases for Data
Data Catalog Market: Serving Data Consumers
Data Catalog Market size was valued at US$ 801.10 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 23.2% from 2023 to 2029, reaching nearly US$ 3451.16 Mn.
Data Catalog Market Report Scope and Research Methodology
The Data Catalog Market is poised to reach a valuation of US$ 3451.16 million by 2029. A data catalog serves as an organized inventory of an organization's data assets, leveraging…
Big Data Security: Increasing Data Volume and Data Velocity
Big data security is a term used to describe the security of data that is too large or complex to be managed using traditional security methods. Big data security is a growing concern for organizations as the amount of data generated continues to increase. There are a number of challenges associated with securing big data, including the need to store and process data in a secure manner, the need to…
HOW TO TRANSFORM BIG DATA TO SMART DATA USING DATA ENGINEERING?
We are at the cross-roads of a universe that is composed of actors, entities and use-cases; along with the associated data relationships across zillions of business scenarios. Organizations must derive the most out of data, and modern AI platforms can help businesses in this direction. These help ideally turn Big Data into plug-and-play pieces of information that are being widely known as Smart Data.
Specialized components backed up by AI and…
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption…
Data Prep Market Report 2018: Segmentation by Platform (Self-Service Data Prep, …
Global Data Prep market research report provides company profile for Alteryx, Inc. (U.S.), Informatica (U.S.), International Business Corporation (U.S.), TIBCO Software, Inc. (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), Datawatch Corporation (U.S.), Tableau Software, Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY…
Long Term Data Retention Solutions Market - The Increasing Demand For Big Data W …
Data retention is a technique to store the database of the organization for the future. An organization may retain data for several different reasons. One of the reasons is to act in accordance with state and federal regulations, i.e. information that may be considered old or irrelevant for internal use may need to be retained to comply with the laws of a particular jurisdiction or industry. Another reason is to…
