Alternative Data Market Overview:
Alternative data is non-traditional data that, in addition to conventional sources like corporate filings, broker projections, and management advice, can provide a predictor of a firm’s future performance. This data can be used for pre-trade investment research and to help investors keep tabs on the state of a company, sector, or economy.
Utilizing alternative data seems to have countless benefits. One of the most important features is its ability to deliver exclusive real-time signals that offer alternative viewpoints, unexpected discoveries, or both. For businesses and investors who want to plan and execute in a calculated, wise, and intentional way with less risk, the ability to comprehend company performance, market dynamics, or consumer behaviour is extremely valuable in addition to standard financial data.
The research looked at each nation on a micro level to estimate the overall size of the Alternative Data market by regions and market segments. Using a bottom-up approach, the size of the regional and global markets is determined. Both paid and free databases are used in the secondary research and analysis of the same. Each participant’s supply and consumption data is gathered from official government databases, third-party databases, and, in the case of publicly traded companies, the annual reports of the business. If annual reports from companies are not made public, they may be obtained from the tax division of the regional government.
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Alternative Data Market Research methodology:
To estimate and validate the size of the global Alternative Data market, top-down and bottom-up approaches are used. Players closely adhere to various industry classification criteria in order to compile a comprehensive list of functional and relevant players. A rigorous validation test is also carried out in order to identify the most relevant competitors for the survey in the Alternative Data market. Priority lists are ordered based on revenue generated based on the most recent reporting using paid databases such as Factiva, Bloomberg, and others.
Finally, the questionnaire was established and specifically designed to meet all requirements for gathering primary data via prior appointment, with a focus on the primary target categories, including This helps us collect data on player revenue, operational cycle and spending statistics, profit, and product or service growth, among other things. The vast majority of data—roughly 70-80 percent—is gathered through primary media and then verified through secondary sources such as authorities, the World Bank, associations, business websites, SEC filings, OTC BB, USPTO, EPO, annual reports, press releases, and so on.
Alternative Data Market Segment:
The Alternative Data Market is further divided into the following industry segments: IT & Telecommunications, Transportation & Logistics, Automotive, Real Estate & Construction, BFSI, Media & Entertainment, Retail, Other Industries, Energy, and Industrial.
The BFSI sector is the most important one and had the largest share in 2021. The demand for sophisticated data has increased across the board from hedge funds, mutual funds, private equity funds, pension funds, unit trusts, and life insurance companies. These businesses are actively pursuing alpha by making use of the data sources’ secret psychic abilities. The retail industry segment is anticipated to expand rapidly between 2021 and 2029, with a CAGR of 60.6%. Among the industries with the fastest growth are energy, real estate, and construction, as well as logistics and transportation.
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Alternative Data Market Key players:
- 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
Alternative Data Market COVID 19 Impact:
COVID-19 can have three major effects on the global economy: direct changes in supply and demand, market and supply chain disruptions, and economic impacts on businesses and financial markets. Following the COVID-19 issue, our researchers, who are monitoring the situation globally, predict that the market will present producers with enticing opportunities. The report’s goal is to highlight the sector-wide effects of the current environment, the economic downturn, and COVID-19 in greater detail.
Alternative Data Market Regional Analysis:
On the basis of geography, the Alternative Data market is segmented into 5 main regions and they are- North America, Europe, Asia Pacific, the Middle East, Africa, and South America respectively.
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