Alternative Data Market Scope
Alternative data is collected by unconventional sources such as product review, credit card transaction and many others sources. In other terms its web scraping services from every possible source in unstructured manner. Alternative data with advance technological advancement have massive advantages in finance and trading sectors and also helped business to overview the market. High demand of timely, refined and unique data give huge drive to alternative data market
|Unit||Value (USD Million)|
|Key Companies Profiled||1010data, Inc. (United States), Preqin (United Kingdom), Dataminr (United States), Advan Research Corporation (United States), Raven Pack (Spain), S&P Global (United States), M Science LLC (United States), Earnest Analytics (United States), Eagle Alpha (Ireland), Thinknum Alternative Data (United States), Exploding Topics (United States), Infutor Data Solutions, LLC (United States), Greenwich.HR (United States) and Quiver Quantitative (United States)|
Alternative data market is a consolidated market due to the presence of few players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance, along with try to incorporate latest technology AI. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge
1010data, Inc. (United States), Preqin (United Kingdom), Dataminr (United States), Advan Research Corporation (United States), Raven Pack (Spain), S&P Global (United States), M Science LLC (United States), Earnest Analytics (United States), Eagle Alpha (Ireland), Thinknum Alternative Data (United States), Exploding Topics (United States), Infutor Data Solutions, LLC (United States), Greenwich.HR (United States) and Quiver Quantitative (United States) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Alternative Data market by Type and Region with country level break-up.
On the basis of geography, the market of Alternative Data has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesIn September 2022, Coresight Research acquired Alternative Data Analytics, data strategy and insights firm. Coresight Research is research, data, events and advisory services for consumer-facing retail technology Provider. This helped coresight to expand its data capabilities and data-driven research. This acquisition helped company to expand its presence in alternative data market
In October 2020, 1010data partnered with Exabel to provide investment managers with personal data science team. This empowered hedge funds & asset managers. This new product word with alternative data expertise, user interface and data science platform and create insightful dashboards. This partnership helped company to expand its presence in alternative data market
Influencing Trend:Increasing Used Of Alternative Data for Stock Trading
Market Growth Drivers:Rising Demand for Alternative Data for Its Advanced Financial and Credit Inclusion Data, High Demand of Timely, Refined and Unique Data, Surge for Data Analytics for risk management, Growing Demand for Alternative Data by Consumer Industry and Increasing Source of Data Due to Expansion of Internet
Challenges:Lack of Availability or Recovery of Historical Data
Restraints:Stringent Data Protection Regulation
Opportunities:Increasing Technological Advancement in Collection of Alternative Data Such as Use of AI
Key Target AudienceAlternative Data Provider, Government Bodies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users and Others