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According to a new report Global Alternative Data Market, published by KBV research, 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.
The segment of credit and debit card transactions drove the Alternative data market in 2019. This high share is due to the massive demand for this kind of data from investors, combined with the presence of various providers of Mastercard transaction data. This segment is also anticipated to enlist the most significant development rate over the forecast period from 2020 to 2026 because of the advanced abilities of the data providers.
The Banking, Financial Services, and Insurance (BFSI) industry drove the market in 2019. The growth can be ascribed to the expanding interest for in-depth data from different BFSI entities, including hedge funds, mutual funds, private equity funds, pension funds, unit trusts, and life coverage organizations. These entities effectively target at obtaining alpha by using the hidden prescient abilities of such data sources. The retail business segment is expected to display a huge CAGR from 2020 to 2026.
The market is dominated by North America in 2019 and is foreseen to keep up its dominance over the forecast period. The high share of this region is credited to the presence of various leading players in the market, for example, Advan, Dataminr, Eagle Alpha, M Science, and UBS Evidence Lab. The early acceptance and adoption of Alt-data from various industry verticals in the nation also bring about a high market share. The European market also held a vital share of revenue in 2019, attributable to considerable alternative Assets under Management (AUM). These assets are meted out across different classes, including private equity, hedge funds, real estate, and natural resources. The asset management organizations are progressively utilizing Alternative data to outline beneficial procedures to gain alpha.
The Asia Pacific is anticipated to rise as the fastest developing regional market because of the expanding utilization of data-driven research by the investors. The regional market is foreseen to open critical growth opportunities for organizations from rising economies, for example, India, Singapore, Thailand, and China.
Structural Insights: https://www.kbvresearch.com/alternative-data-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Nasdaq, Inc. (Quandl, Inc.), Advan Research Corporation, Dataminr, Inc., The Earnest Research Company, Preqin Ltd. (Dynamo Software), RevenPack International SL, Thinknum, Inc., YipitData, 1010Data, Inc., and Eagle Alpha Ltd.
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