Alternative Data Market projected to reach $398.15 billion by 2032 with CAGR of 57.7%

From GlobeNewswire: 2025-02-10 10:00:00

The Alternative Data Market was valued at $6.61 billion in 2023 and is projected to reach $398.15 billion by 2032 with a CAGR of 57.7%. Businesses are turning to alternative data like satellite imagery and transaction records for unique insights. Major players include 1010Data, Earnest Research, and RavenPack. North America leads the market, while Asia Pacific shows the fastest growth potential.

Credit & Debit Card Transactions hold the largest share of the alternative data market, providing valuable insights into consumer spending behaviors. Social & Sentiment Data is the fastest-growing segment, driven by the need to understand consumer sentiments through digital platforms. Hedge Fund Operators dominate the market, while Retail Companies experience rapid growth by leveraging alternative data sources.

North America accounted for 52% of the alternative data market in 2023, driven by strong technological infrastructure and leading financial institutions. Asia Pacific is the fastest-growing region with a projected CAGR of 60.15%, fueled by AI adoption and digital transformation. In October 2024, RavenPack launched Bigdata.com, an advanced AI platform for financial research and decision-making. Advan Research Corporation acquired Real Estate Intelligence (REI) to enhance retail real estate analytics using mobile device location data. The platform allows real-time interaction with financial documents and automates tasks for faster research. SNS Insider offers consulting services like Go To Market Assessment and Competitive Benchmarking for Alternative Data Market Analysis.



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