Global $11.1 Billion Alternative Data Market Analysis and Forecast to 2026

DUBLIN, Oct. 30, 2020 /PRNewswire/ -- The "Global Alternative Data Market by Type, Industry Vertical and Region: Industry Analysis and Forecast 2020-2026" report has been added to ResearchAndMarkets.com's offering.

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.

Alternative data (Alt-data) can be considered as undiscovered data that isn't inside the domain of customary data sources, for example, SEC filings, fiscal reports, official statements, and the management presentation. An Alternative data set can be composed of different sources, for example, e-commerce sites, public records, social media, monetary exchanges, web traffic, cell phones, sensors, satellites, and so on.

On applying explicit analytics on this composed data, it yields extra bits of knowledge that were earlier obscure, and are utilized by investors to assess investment opportunities. As this new data is a significant differentiator that adds to the alpha (market outperformance), the buy-sides elements, for example, hedge funds, mutual funds, private equity funds, pension funds, unit trusts, and life insurance organizations, are effectively utilizing it to construct fundamental investment models to beat the market.

The key drivers credited to the market development include the noteworthy increment in the kinds of Alternative data sources over the last decade. The most well-known sources of alt data are web scarping and financial transactions, the rising sources, including cell phones, social media, satellites, sensors, IoT-enabled gadgets, and others, are gaining extensive prevalence.

Accordingly, the organizations are effectively extending their offering by collecting data from every such source. The rising demand fo Alternative data from hedge funds is anticipated to fuel market development significantly. The majority of hedge fund managers are currently utilizing Alternative data to get a competitive edge by producing out-performance and supporting risk management measures.

• 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.
• Eagle Alpha Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/yp1iwy

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