Global Alternative Data Market Report 2022
New York, 15 Feb. 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “Alternative Data Global Market Report 2022” – https://www.reportlinker.com/p06229765/?utm_source=GNW
M Science LLC, 7Park Data Inc., Convergence Inc., Geotab Inc., Jumpshot, JWN Energy and Talkingdata.
The global alternative data market is expected to grow from $2.21 billion in 2021 to $3.23 billion in 2022 at a compound annual growth rate (CAGR) of 46.5%. The change in growth trend is mainly due to the increasing demand for alternative data sources due to the growing interest in stock trading. The market is expected to reach $13.91 billion in 2026 with a CAGR of 44%.
The alternative data market consists of sales of alternative data by entities (organizations, independent marketers, and partnerships) that provide alternative data and help discover market insights. Alternative data is characterized as non-traditional data that can give an indicator of a company’s future performance other than conventional sources such as corporate documents, analyst forecasts and management instructions.
This information can be used in the evaluation of investments before trade as well as to help investors monitor the financial health of a company, industry or country.
The main data types in Alternative Data are credit and debit card transactions, email receipts, geolocation records (pedestrian traffic), mobile app usage, satellite and weather data, social and sentiment data, web scraping data, web traffic. A debit transaction is one in which the cardholder selects a checking or savings account to which the cardholder’s designated card is authorized to have access.
Any transaction in which repayment of borrowed money or pledge of loan is made, or payment for goods, services or assets sold or leased, is to be made at a future date or dates, is called a credit transaction. The different sectors include automotive, BFSI, energy, industrial, IT and telecommunications, media and entertainment, real estate and construction, retail, transport, logistics and are used by hedge fund operators, investment institutions, etc.
The growing demand for alternative data from hedge funds is expected to propel the growth of the alternative data market in the coming years. Alternative data (or alternative data) is non-financial data that predicts financial results.
Hedge funds and investment banks are among the top users of alternative data as investors seek new sources of data to provide faster insight for better decision making. This is mainly because alternative data could help in understanding business performance and its future consequences.
According to Chain of Demand, a Hong Kong-based predictive analytics company, as of April 2019, more than 400 companies offered alternative data to hedge funds, with a projected profit of $1 billion. Hence, the growing demand for alternative data from hedge funds is driving the growth of the alternative data market.
The launch of next-generation platforms has become a key trend in the alternative data market. Major companies operating in the alternative data sector are focusing on introducing next-generation platforms to deliver timely new insights to researchers, analysts, and businesses.
For example, in October 2020, ESG Data Services Inc., an alternative data provider based in Canada, launched the next-generation AI-powered ESG data, research and analytics platform, ESG Analytics. ESG Analytics is an API and web-based solution that uses artificial intelligence (AI) and alternative data sources at scale to uncover opportunities and risks in the social, environmental and governance practices of companies, ETFs and country. Plus, for investors going beyond the surface detail that everyone uses, ESG Analytics opens them up to a world of in-depth and relevant analytics.
In January 2020, The Earnest Research Company, a US-based data analytics firm, acquired Alpha Hat Inc. for an undisclosed amount. The acquisition would allow The Earnest Research Company to demonstrate knowledge of new data products of the highest quality and accuracy. Alpha Hat Inc. is an American mobile location intelligence provider that specializes in refining alternative data into actionable insights for investors.
North America was the largest region in the Alternative Data Market in 2021. Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.
The countries covered in the Alternative Data market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom and the United States.
Read the full report: https://www.reportlinker.com/p06229765/?utm_source=GNW
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