The Global Alternative Data Market size is expected to reach $11.1 billion by 2026, rising at a market growth of 44% CAGR during the forecast period.
Alternative data (Alt-data) can be considered as undiscovered data that isn't inside the domain of customary data sources, for example, SEC filings, fiscal reports, official statements, and the management presentation. An Alternative data set can be composed of different sources, for example, e-commerce sites, public records, social media, monetary exchanges, web traffic, cell phones, sensors, satellites, and so on.
On applying explicit analytics on this composed data, it yields extra bits of knowledge that were earlier obscure, and are utilized by investors to assess investment opportunities. As this new data is a significant differentiator that adds to the alpha (market outperformance), the buy-sides elements, for example, hedge funds, mutual funds, private equity funds, pension funds, unit trusts, and life insurance organizations, are effectively utilizing it to construct fundamental investment models to beat the market.
The key drivers credited to the market development include the noteworthy increment in the kinds of Alternative data sources over the last decade. The most well-known sources of alt data are web scarping and financial transactions, the rising sources, including cell phones, social media, satellites, sensors, IoT-enabled gadgets, and others, are gaining extensive prevalence.
Accordingly, the organizations are effectively extending their offering by collecting data from every such source. The rising demand for Alternative data from hedge funds is anticipated to fuel market development significantly. The majority of hedge fund managers are currently utilizing Alternative data to get a competitive edge by producing out-performance and supporting risk management measures.
During the COVID outbreak, the organizations are utilizing Alternative data collected from social media, cell phones, applications, wearables, and other IoT-based gadgets to calculate changes in the behavior pattern of a consumer associated with purchases and interests. The segment related to the transactions with credit and debit cards is foreseen to show the highest CAGR from 2020 to 2026 attributable to the high precision of the data type and high demand from asset administrators.
Chapter 3. Competition Analysis - Global 3.1 Cardinal Matrix 3.2 Recent Industry Wide Strategic Developments 3.2.1 Partnerships, Collaborations and Agreements 3.2.2 Product Launches and Product Expansions 3.2.3 Mergers & Acquisitions 3.3 Top Winning Strategies 3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020) 3.3.2 Key Strategic Moves: (Product Launches and Product Expansions: 2017, May to 2020, Jul) Leading Players
Chapter 4. Global Alternative Data Market by Industry Vertical 4.1 Global BFSI Alternative Data Market by Region 4.2 Global IT & Telecom Alternative Data Market by Region 4.3 Global Transportation & Logistics Alternative Data Market by Region 4.4 Global Retail & eCommerce Alternative Data Market by Region 4.5 Global Energy & Utilities Alternative Data Market by Region 4.6 Global Media & Entertainment Alternative Data Market by Region 4.7 Global Real Estate & Construction Alternative Data Market by Region 4.8 Global Other Industry Vertical Alternative Data Market by Region
Chapter 5. Global Alternative Data Market by Type 5.1 Global Credit & Debit Card Transactions Alternative Data Market by Region 5.2 Global Mobile Type Usage Alternative Data Market by Region 5.3 Global Web Traffic & Scraped Data Alternative Data Market by Region 5.4 Global Social & Sentiment Data Alternative Data Market by Region 5.5 Global Geo-location, Satellite & Weather Data Alternative Data Market by Region 5.6 Global Others Alternative Data Market by Region
Chapter 6. Global Alternative Data Market by Region