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Alternative Data Market Trends, Analysis & Forecast, 2032

The growing prominence of internet, social media, e-commerce, and the IoT beyond traditional financial and economic indicators will drive the market growth. Rising advancements in technology, including big data analytics and AI, have made it feasible to process and extract valuable insights from massive volumes of data. The granular and real-time nature of alternative data offers deeper understanding of various industries and markets to offer competitive advantages. The surging focus of major industry players on innovative product developments to cater to the rising need for alternative data s

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Alternative Data Market Trends, Analysis & Forecast, 2032

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  1. Alternative Data Market Trends, Analysis & Forecast, 2032

  2. Industry Insights • The growing prominence of internet, social media, e-commerce, and the IoT beyond traditional financial and economic indicators will drive the market growth. Rising advancements in technology, including big data analytics and AI, have made it feasible to process and extract valuable insights from massive volumes of data. The granular and real-time nature of alternative data offers deeper understanding of various industries and markets to offer competitive advantages. The surging focus of major industry players on innovative product developments to cater to the rising need for alternative data solutions is also expected to fuel the segment growth.

  3. Alternative data market from the IT and telecom industry vertical segment accounted for considerable revenue share in 2022 and is likely to propel at notable CAGR from 2023 to 2032. The increasing reliance on cloud services, IoT devices, and mobile technologies has led to the proliferation of data sources. Moreover, as investors are leveraging IT and telecom data to make informed decisions, especially in technology-related investments, market players are introducing innovative solutions, further boosting the segment growth. For instance, in April 2023, Finastra, a global financial software tool provider, collaborated with Alygne, a platform that delivers customized ESG alternative data, to assist asset managers worldwide in making informed ESG investments. • Alternative data market from the credit and debit card transactions type segment is set to witness substantial expansion through 2032. The growth can be attributed to the increasing inclination of customers towards cashless transaction options, including credit and debit cards.

  4. Regional Analysis Asia Pacific alternative data market size is estimated to be worth USD 11.4 billion by the end of 2032 attributed to the strong growth of e-commerce and rising digital transactions in the region. The rapid digital transformation has led to the surge in online consumer activities and adoption of emerging technologies, such as IoT and mobile payment systems. For instance, in 2021, the highest number of real-time transactions were conducted in India, reaching 48 billion. • Competitive Analysis • Advan Research Corporation, Dataminr Inc., Eagle Alpha Ltd., M Science LLC, and UBS Evidence Lab.

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