Global alternative data market is anticipated to grow at a CAGR of 11.8% during the forecast period (2024-2031). The market growth is attributed to the growing adoption of alternative data in investment management across all areas of the investment management industry. Investment managers are increasingly relying on alternative data to meet client demands, improve processes, find information for novel investment strategies like environmental, social, and governance, and model key performance indicators creatively using fresh data that provide insightful information for alpha generation. Furthermore, integrating alternative data in the investment process includes awareness programs, training, and increased collaboration opportunities. For instance, in January 2024, QUICK partnered with Toshiba Data and introduced an alternative data business for investment decisions. Via the data platform, QUICK Data Factory, QUICK analyzes purchase statistics data from Toshiba Group’s electronic receipt service, smart receipt, and promptly delivers analysis results to institutional investors.
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Alternative data adoption by investors requires quality datasets and the requirement to build dedicated teams of data scientists to utilize data effectively in research workflows. For instance, in September 2023, Bloomberg introduced a new alternative data function, ALTD <GO>, on the Bloomberg Terminal. ALTD <GO> provides intra-quarter insights to equities analysts and portfolio managers and is a simple tool to integrate into research workflows along with guidance, business news, research, and consensus estimates.
Alternative data providers supply pertinent company information, such as new product launches or upgrades to current products, that can aid buy-side organizations in more efficiently scouting data. For instance, in June 2021, Neudata an alternative data research and SaaS technology platform, introduced a new feature Neudata Posts that allows data buyers and sellers to communicate more directly about new vendor product offerings. Neudata Posts is a centralized feed of data provider news that is supplied by vendors themselves, in real time.
Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered-
o By Data Type
o By Industry
o By End-Users
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- includes Bloomberg L.P., DataRobot, Inc., FactSet Research Systems Inc., Nasdaq, Inc., and Snowflake Inc., among others.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Alternative Data Market Report Segment
By Data Type
- Credit & Debit Card Transactions
- Email Receipts
- Geo-location (Foot Traffic) Records
- Mobile Application Usage
- Web Scraped Data
- Web Traffic
- Other (Satellite & Weather Data ,Social & Sentiment Data)
By Industry
- Automotive
- BFSI
- Energy
- Industrial
- IT & Telecommunications
- Retail
- Transportation & Logistics
- Other (Media & Entertainment, Real Estate & Construction)
By End-Users
- Hedge Fund Operators
- Investment Institutions
- Retail Companies
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Alternative Data Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Accelleran NV
- Addepar, Inc.
- AIERA, Inc.
- Alphasense Inc.
- BATTLEFIN GROUP, INC.
- Bloomberg L.P.
- DataRobot, Inc.
- Estimize
- Exabel AS
- LSEG
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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