Alternative Data Market Revenue, Future Scope and Forecast 2027
Alternative Data Market size was valued at US$ 1.7 Bn. in 2020 and the total revenue is expected to grow at 58.3% through 2021 to 2027, reaching nearly US$ 42.4 Bn.
Alternative Data Market Overview:
This report discusses the market growth drivers and obstacles for the manufacturer, as well as a review of the significant trends in the market's business strategies, procedures, and financially sound and expand approach. Customization is also possible to meet the needs of individual customers, as well as a complete understanding of market potential. The Alternative Data Market provides a comprehensive overview of the market's competitive landscape and main merchants. This report can assist with structural planning in light of current industry conditions.
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Market Scope:
According to the forecast period 2021-2027, the Alternative Data market is expected to grow at a steady rate of xx % between 2021 and 2027. The market is estimated to increase in the forecast period of 2021, as key industry players continue to complete projects.
This report includes a value-based analysis and forecast for the Alternative Data market. This study and analysis of market drivers, constraints, and opportunities impacting the growth of the Alternative Data Market is included in this report. Alternative Data Market segmentation has been provided based on type, source, end-user, and geography (country-wise). The scope of the study included a strategic analysis of the Alternative Data market in terms of individual growth trends, future prospects, and the contributions of key sub-market stakeholders. Alternative Data Global market analysis and forecasts for five key regions: North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America, as well as country-by-country segmentation. The profiles of main industry participants, as well as their strategic perspectives, market positioning, and analyses of core competencies, are included. The top companies participating in the Alternative Data Market are also profiled in terms of their competitive advancements, investments, strategic expansion, and competitive landscape.
Alternative Data Market Segmentation:
On the basis of industry, the Alternative Data Market is sub-segmented into IT & Telecommunications, Transportation & Logistics, Automotive, Real Estate & Construction, BFSI, Media & Entertainment, Retail, Other Industries, Energy, and Industrial.
The BFSI is the dominant segment and it held largest share of xx% in 2020. Hedge funds, mutual funds, private equity funds, pension funds, unit trusts, and life insurance companies have all increased their demand for sophisticated data. These companies are aggressively pursuing alpha by utilising the hidden psychic abilities of data sources. From 2021 to 2027, the retail industry segment is expected to grow at a strong CAGR of 60.6 %. Energy, real estate, and construction, as well as transportation and logistics, are among the fastest-growing categories.
The IT & Telecommunications segment is the second dominant segment and it held xx% of the share in 2020. Telecom firms face critical difficulties such as low bandwidth, dropped calls, and a weak network. As a result, operators are focusing more on using alternative data to improve services like asset monitoring, capacity planning, and preventative maintenance. Furthermore, for personalised advertisements and region-specific marketing tactics, these organizations use demographic data, social and sentiment data, and browser activity data.
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Alternative Data Market Key Players:
• 1010Data
• Advan
• Dataminr
• Earnest Research
• M Science
• Preqin
• RavenPack
• Thinknum Alternative Data
• UBS Evidence Lab
• YipitData
• Nasdaq, Inc.
• Eagle Alpha Ltd
• 7Park Data Inc
• Convergence Inc
• Geotab Inc
• Jumpshot
• JWN Energy
• Talkingdata
Regional Analysis:
The Alternative Data market is organized into five regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America.
COVID-19 Impact Analysis on Alternative Data Market:
The globe has reached the end of the COVID-19 pandemic's recovery phase. In light of the current economic scenario, Maximize Industry Research has launched the Alternative Data Market Status, Trends, and COVID-19 Impact Report 2021, which provides a comprehensive look at the Alternative Data market.
Key Questions answered in the Alternative Data Market Report are:
- Which product segment grabbed the largest share in the Alternative Data market?
- How is the competitive scenario of the Alternative Data market?
- Which are the key factors aiding the Alternative Data market growth?
- Which region holds the maximum share in the Alternative Data market?
- What will be the CAGR of the Alternative Data market during the forecast period?
- Which application segment emerged as the leading segment in the Alternative Data market
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