Global Alternative Data Market Report 2022-2030: Rising Demand from Hedge Funds is Expected to Propel Growth
DUBLIN, April 12, 2022 /PRNewswire/ -- The "Alternative Data Global Market Report 2022 by Data Type, Industry, Application" report has been added to ResearchAndMarkets.com's offering.
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 growing demand for alternative data sources owing to the growing interest in stock market trading. The market is expected to reach $13.91 billion in 2026 at a CAGR of 44%.
Any transaction in which the return of money borrowed or a loan pledge is made, or payment for products, services, or assets sold or rented, is to be made at a future date or dates, is referred to as a credit transaction. The several sectors include automotive, BFSI, energy, industrial, IT and telecommunications, media and entertainment, real estate and construction, retail, transportation, logistics and is used in hedge fund operators, investment institutions, others.
According to Chain of Demand, a Hong Kong-based predictive analysis company, as of April 2019, over 400 companies were offering alternative data to hedge funds, with a projected profit of $1 billion. Therefore, the rising demand for alternative data from hedge funds drives the growth of the alternative data market.
ESG Analytics is an API and web-based solution that uses artificial intelligence (AI) and broad-based alternative data sources to uncover opportunities and risks in social, environmental, and governance practices of companies, ETFs, and countries. Moreover, for investors going beyond the surface details that everyone else uses, ESG Analytics opens them to a world of deep and relevant analysis.
6.2. Global Alternative Data Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.3. Global Alternative Data Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7. Alternative Data Market Regional And Country Analysis
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