| Product Code: ETC13237281 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Alternative Data Market was valued at USD 8.2 Billion in 2024 and is expected to reach USD 19 Billion by 2031, growing at a compound annual growth rate of 11.90% during the forecast period (2025-2031).
The Global Alternative Data Market is witnessing significant growth driven by the increasing adoption of alternative data sources by financial institutions for investment decision-making. Alternative data, which includes non-traditional datasets such as social media trends, satellite imagery, and web scraping data, offers unique insights that traditional financial data may not capture. This market is characterized by a growing number of data providers offering diverse datasets and analytics tools to help financial firms gain a competitive edge. The market is also fueled by advancements in technology, such as artificial intelligence and machine learning, which enable better analysis and utilization of alternative data. Additionally, regulatory changes and a shift towards data-driven decision-making are further driving the demand for alternative data solutions globally.
The Global Alternative Data Market is witnessing significant growth driven by the increasing adoption of alternative data sources by businesses to gain a competitive edge and make informed decisions. Key trends include the rising demand for real-time data analytics, the integration of AI and machine learning technologies for data analysis, and the emergence of data marketplaces offering a wide range of alternative datasets. Opportunities in the market lie in sectors such as finance, marketing, and healthcare, where alternative data can provide valuable insights for risk assessment, customer segmentation, and predictive analytics. As companies continue to seek innovative ways to leverage non-traditional data sources, the Global Alternative Data Market is expected to expand further, creating new avenues for data providers, analytics firms, and businesses looking to capitalize on the power of alternative data.
The Global Alternative Data Market faces several challenges, including data quality issues, regulatory concerns, and privacy considerations. Ensuring the accuracy and reliability of alternative data sources can be difficult, leading to potential biases and inaccuracies in analysis. Regulatory frameworks around the collection and use of alternative data vary across different regions, creating compliance challenges for market participants. Additionally, the increasing focus on data privacy and protection raises concerns about the ethical and legal implications of using certain types of alternative data. Navigating these challenges requires market participants to invest in robust data governance processes, establish clear compliance protocols, and prioritize transparency in data sourcing and usage practices to maintain trust and credibility in the evolving landscape of alternative data.
The Global Alternative Data Market is being driven by several key factors, including the growing demand for unique and non-traditional datasets to gain a competitive edge in various industries. The increasing adoption of advanced analytics and data science techniques is also fueling the market growth, as organizations seek to uncover valuable insights from unconventional data sources. Furthermore, the rise of big data and the proliferation of digital technologies are creating vast amounts of data that can be leveraged as alternative datasets for decision-making. Additionally, regulatory changes and the need for better risk management practices are driving companies to explore alternative data sources for enhanced forecasting and strategic planning. Overall, the Global Alternative Data Market is poised for continued expansion due to these drivers shaping the landscape of data-driven decision-making.
Government policies related to the Global Alternative Data Market vary by country, with regulatory frameworks evolving to address concerns around data privacy, security, and fair competition. In the United States, the Securities and Exchange Commission (SEC) has provided guidance on the use of alternative data for investment purposes, emphasizing the importance of compliance with existing regulations. In the European Union, the General Data Protection Regulation (GDPR) imposes strict requirements on the collection and use of personal data, impacting how alternative data providers operate within the region. Additionally, countries such as China have implemented data localization laws that restrict the cross-border flow of data, affecting the international exchange of alternative data. Overall, government policies play a crucial role in shaping the landscape of the Global Alternative Data Market by balancing innovation with data protection and regulatory compliance.
The Global Alternative Data Market is poised for significant growth in the coming years as businesses increasingly rely on non-traditional data sources to gain a competitive edge. Factors such as the rising adoption of advanced analytics, artificial intelligence, and machine learning technologies are driving the demand for alternative data to enhance decision-making processes across various industries. Additionally, the growing availability of diverse data sets from sources like social media, satellite imagery, and sensors is expanding the scope of insights that can be extracted. With the continuous evolution of data analytics capabilities and the need for real-time information, the alternative data market is expected to experience robust expansion, offering lucrative opportunities for data providers, financial institutions, and other businesses looking to leverage innovative data sources for strategic decision-making.
The global alternative data market is witnessing significant growth across regions. In Asia, the market is driven by the increasing adoption of alternative data sources in financial services and e-commerce industries. North America leads the market due to the presence of key players and advanced technological infrastructure. In Europe, the alternative data market is expanding rapidly, fueled by the growing demand for insights in sectors like banking and healthcare. The Middle East and Africa region is experiencing a gradual uptake of alternative data solutions, particularly in the banking and insurance sectors. Latin America shows promising growth opportunities with the rising awareness of the benefits of alternative data in industries such as retail and logistics. Overall, regional trends indicate a growing acceptance and utilization of alternative data across diverse industries globally.
Global Alternative Data Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Alternative Data Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Alternative Data Market Revenues & Volume, 2021 & 2031F |
3.3 Global Alternative Data Market - Industry Life Cycle |
3.4 Global Alternative Data Market - Porter's Five Forces |
3.5 Global Alternative Data Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Alternative Data Market Revenues & Volume Share, By Data Type, 2021 & 2031F |
3.7 Global Alternative Data Market Revenues & Volume Share, By Industry Verticals, 2021 & 2031F |
4 Global Alternative Data Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Alternative Data Market Trends |
6 Global Alternative Data Market, 2021 - 2031 |
6.1 Global Alternative Data Market, Revenues & Volume, By Data Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Alternative Data Market, Revenues & Volume, By Credit Card & Debit Card, 2021 - 2031 |
6.1.3 Global Alternative Data Market, Revenues & Volume, By Web Traffic & Scrapped Data, 2021 - 2031 |
6.1.4 Global Alternative Data Market, Revenues & Volume, By Email Receipts, 2021 - 2031 |
6.1.5 Global Alternative Data Market, Revenues & Volume, By Geo-location, Satellite & Weather Data, 2021 - 2031 |
6.1.6 Global Alternative Data Market, Revenues & Volume, By Mobile Application Usage, 2021 - 2031 |
6.1.7 Global Alternative Data Market, Revenues & Volume, By Social & Sentiment Data, 2021 - 2031 |
6.1.8 Global Alternative Data Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Global Alternative Data Market, Revenues & Volume, By Industry Verticals, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Alternative Data Market, Revenues & Volume, By BFSI, 2021 - 2031 |
6.2.3 Global Alternative Data Market, Revenues & Volume, By IT & Telecom, 2021 - 2031 |
6.2.4 Global Alternative Data Market, Revenues & Volume, By Retail and E-commerce, 2021 - 2031 |
6.2.5 Global Alternative Data Market, Revenues & Volume, By Real Estate & Construction, 2021 - 2031 |
6.2.6 Global Alternative Data Market, Revenues & Volume, By Healthcare, 2021 - 2031 |
6.2.7 Global Alternative Data Market, Revenues & Volume, By Logistics & Transportation, 2021 - 2031 |
6.2.8 Global Alternative Data Market, Revenues & Volume, By Energy and Utilities, 2021 - 2031 |
6.2.9 Global Alternative Data Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Alternative Data Market, Overview & Analysis |
7.1 North America Alternative Data Market Revenues & Volume, 2021 - 2031 |
7.2 North America Alternative Data Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Alternative Data Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Alternative Data Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Alternative Data Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Alternative Data Market, Revenues & Volume, By Data Type, 2021 - 2031 |
7.4 North America Alternative Data Market, Revenues & Volume, By Industry Verticals, 2021 - 2031 |
8 Latin America (LATAM) Alternative Data Market, Overview & Analysis |
8.1 Latin America (LATAM) Alternative Data Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Alternative Data Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Alternative Data Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Alternative Data Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Alternative Data Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Alternative Data Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Alternative Data Market, Revenues & Volume, By Data Type, 2021 - 2031 |
8.4 Latin America (LATAM) Alternative Data Market, Revenues & Volume, By Industry Verticals, 2021 - 2031 |
9 Asia Alternative Data Market, Overview & Analysis |
9.1 Asia Alternative Data Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Alternative Data Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Alternative Data Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Alternative Data Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Alternative Data Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Alternative Data Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Alternative Data Market, Revenues & Volume, By Data Type, 2021 - 2031 |
9.4 Asia Alternative Data Market, Revenues & Volume, By Industry Verticals, 2021 - 2031 |
10 Africa Alternative Data Market, Overview & Analysis |
10.1 Africa Alternative Data Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Alternative Data Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Alternative Data Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Alternative Data Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Alternative Data Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Alternative Data Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Alternative Data Market, Revenues & Volume, By Data Type, 2021 - 2031 |
10.4 Africa Alternative Data Market, Revenues & Volume, By Industry Verticals, 2021 - 2031 |
11 Europe Alternative Data Market, Overview & Analysis |
11.1 Europe Alternative Data Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Alternative Data Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Alternative Data Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Alternative Data Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Alternative Data Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Alternative Data Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Alternative Data Market, Revenues & Volume, By Data Type, 2021 - 2031 |
11.4 Europe Alternative Data Market, Revenues & Volume, By Industry Verticals, 2021 - 2031 |
12 Middle East Alternative Data Market, Overview & Analysis |
12.1 Middle East Alternative Data Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Alternative Data Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Alternative Data Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Alternative Data Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Alternative Data Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Alternative Data Market, Revenues & Volume, By Data Type, 2021 - 2031 |
12.4 Middle East Alternative Data Market, Revenues & Volume, By Industry Verticals, 2021 - 2031 |
13 Global Alternative Data Market Key Performance Indicators |
14 Global Alternative Data Market - Export/Import By Countries Assessment |
15 Global Alternative Data Market - Opportunity Assessment |
15.1 Global Alternative Data Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Alternative Data Market Opportunity Assessment, By Data Type, 2021 & 2031F |
15.3 Global Alternative Data Market Opportunity Assessment, By Industry Verticals, 2021 & 2031F |
16 Global Alternative Data Market - Competitive Landscape |
16.1 Global Alternative Data Market Revenue Share, By Companies, 2024 |
16.2 Global Alternative Data Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |