Asia Pacific Alternative Data Market Forecast to 2030

Asia Pacific Alternative Data Market Forecast to 2030

Asia Pacific Alternative Data Market Forecast to 2030 – Regional Analysis – by Data Type [Credit and Debit Card Transactions, Email Receipts, Geo-location (Foot Traffic) Records, Mobile Application Usage, Satellite and Weather Data, and Others] and Industry (Automotive, BFSI, Energy Industrial, IT and Telecommunications, Media and Entertainment, and Others)

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Description

The Asia Pacific alternative data market was valued at US$ 1,220.24 million in 2022 and is expected to reach US$ 42,401.00 million by 2030; it is estimated to grow at a CAGR of 55.8% from 2022 to 2030.

Growth of Energy Industry Fuels the Asia Pacific Alternative Data Market

Energy is considered one of the largest and fastest-growing industries. According to Exxon Mobil Corporation, the global energy demand will rise by ~15% in 2050 compared to 2021 due to population and prosperity. The rise in population will generate the demand for electric power, contributing to the growing need and demand from various end-use industries, such as commercial transportation, manufacturing, construction, and infrastructure. All these industries require electricity for workflow at some point.

Energy companies can leverage the benefits of alternative data into their R&D, marketing, investment, risk analysis, and other key processes to fuel their business growth. It will help business managers and investors to make informed business decisions with the help of real-time business insights. The benefits of adopting digital solutions in the energy industry can further generate the demand for the use of alternative data. Therefore, the growing energy industry is anticipated to provide growth opportunities for the Asia Pacific alternative data market during the forecast period.

Asia Pacific Alternative Data Market Overview

Asia Pacific (APAC) is a diverse region with a large population and a growing digital economy, contributing to the surge in data. APAC has been at the forefront of data computing adoption due to the proliferation of IoT devices, smart cities initiatives, and the need for real-time data processing. APAC has witnessed a significant increase in internet penetration rates, leading to a surge in data consumption and the need for localized data processing. According to GSM Association, the IT industry plays a vital role in extending connectivity across the world. In 2021, the number of internet subscribers reached 4.2 billion globally. Furthermore, APAC accounted for 59% of internet subscribers in 2021, and is projected to reach ~62% by 2025. The rise of internet penetration is directly linked to increasing internet usage. Moreover, the rollout of 5G networks is expected to increase internet usage by enabling faster data speed, lower latency, and higher data device density. According to GSM Association, the 5G users in APAC reached 8% in 2021, and is likely to increase up to 25% by 2025. Therefore, the rise in internet penetration leads to increased data generation, which needs to be processed and analyzed to gain insights. Alternative data play a crucial role in providing insights to enhance business growth, which further leads to its adoption among various companies.

Asia Pacific Alternative Data Market Revenue and Forecast to 2030 (US$ Mn)

Asia Pacific Alternative Data Market Segmentation

The Asia Pacific alternative data market is segmented into data type, industry, and country.

Based on data type, the Asia Pacific alternative data market is segmented credit and debit card transactions, email receipts, geo-location (foot traffic) records, mobile application usage, satellite and weather data, and others. The credit and debit card transactions segment held the largest market share in 2022.

Based on industry, the Asia Pacific alternative data market is segmented into automotive, BFSI, energy industrial, IT and telecommunications, media & entertainment, and others. The BFSI segment held the largest market share in 2022.

Based on country, the Asia Pacific alternative data market is segmented to Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific alternative data market share in 2022.

Dataminr Inc, Eagle Alpha Ltd, FactSet Research Systems Inc, Moody’s Analytics Inc, Preqin Ltd, Refinitiv Ltd, and Visible Alpha LLC are some of the leading companies operating in the Asia Pacific alternative data market.

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At 55.8% CAGR, the Asia Pacific Alternative Data Market is Speculated to be Worth US$ 42,401.00 million by 2030, says The Research Team

According to The Research Team’ research, the Asia Pacific alternative data market was valued at US$ 1,220.24 million in 2022 and is expected to reach US$ 42,401.00 million by 2030, registering a CAGR of 55.8% from 2022 to 2030. Rising e-commerce industry, increasing demand from hedge funds, and growing digitalization are the critical factors attributed to the Asia Pacific alternative data market expansion.

The Internet of Things (IoT), big data, and machine learning generate massive amounts of data, require low latency processing, and demand localized computing resources. IoT devices are expected to surpass US$ 15 billion in 2023, a 55% increase from 2020. According to IoTExpress Technologies Pvt. Ltd., these devices are expected to generate 79.4 zettabytes (ZB) of data in 2025. IoT generates a huge amount of data that must be processed, stored, and analyzed in real time. IoT devices are becoming increasingly prevalent, connecting various physical objects, and enabling data collection and communication. It generates vast amounts of data that need to be processed, analyzed, and acted upon in real time. The integration of machine learning in the IoT sensor helps collect data, process it, and analyze it to bring out actionable insights from alternative data sources. Big data and machine learning help generate predictive analysis and provide enhanced and actionable insights to the enterprises from the alternative data, which helps the enterprises to grow their revenue. Hence, companies are strategically investing in bringing solutions to simplify the alternative dataset in a reliable, timely, and efficient manner. For instance, in April 2022, Exabel and Eagle Alpha announced their strategic partnership to evaluate multiple new alternative datasets. Through this partnership, the investment team can use the Exabel Platform to effectively discover and test the sample alternative data preloaded into the platform by Eagle Alpha from its extensive data catalog. Thus, the advent of IoT, big data, and machine learning is expected to simplify the data processing and analysis for alternative data sources, further leading to alternative data market growth.

On the contrary, regulatory concerns and data security issues hampers on the growth of Asia Pacific alternative data market.

Based on data type, the Asia Pacific alternative data market is segmented credit and debit card transactions, email receipts, geo-location (foot traffic) records, mobile application usage, satellite and weather data, and others. The credit and debit card transactions segment held 26.8% market share in 2022, amassing US$ 327.13 million. It is projected to garner US$ 13,395.06 million by 2030 to expand at 59.0% CAGR during 2022-2030.

Based on industry, the Asia Pacific alternative data market is segmented into automotive, BFSI, energy industrial, IT and telecommunications, media & entertainment, and others. The BFSI segment held 26.3% share of Asia Pacific alternative data market in 2022, amassing US$ 320.92 million. It is projected to garner US$ 12,814.60 million by 2030 to expand at 58.5% CAGR during 2022-2030.

Based on country, the Asia Pacific alternative data market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 32.7% share of Asia Pacific alternative data market in 2022. It was assessed at US$ 398.65 million in 2022 and is likely to hit US$ 14,747.07 million by 2030, exhibiting a CAGR of 57.0% during 2022-2030.

Key players operating in the Asia Pacific alternative data market are Dataminr Inc, Eagle Alpha Ltd, FactSet Research Systems Inc, Moody’s Analytics Inc, Preqin Ltd, Refinitiv Ltd, and Visible Alpha LLC, among others.

– In 2022, Dataminr launched its global partner ecosystem, the Dataminr Partner Program. The program dramatically expanded Dataminr’s customer reach across the corporate market while also financing better enterprise workflow integration and the tractability to procure Dataminr’s products through trusted partners.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific alternative data market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific alternative data market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution

TABLE OF CONTENTS


1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Alternative Data Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Premium Insights
4.4.1 List of Alternative Data Suppliers
5. Asia Pacific Alternative Data Market – Key Industry Dynamics
5.1 Asia Pacific Alternative Data Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Rising E-Commerce Industry
5.2.2 Increasing Demand from Hedge Funds
5.2.3 Growing Digitalization
5.3 Market Restraints
5.3.1 Regulatory Concerns
5.3.2 Data Security Issues
5.4 Market Opportunities
5.4.1 Shift Towards Artificial Intelligence
5.4.2 Growth of Energy Industry
5.5 Future Trends
5.5.1 Advent of IoT, Big Data, and Machine Learning
5.6 Impact of Drivers and Restraints:
6. Alternative Data Market – Asia Pacific Market Analysis
6.1 Asia Pacific Alternative Data Market Revenue (US$ Million), 2022 – 2030
6.2 Asia Pacific Alternative Data Market Forecast and Analysis
7. Asia Pacific Alternative Data Market Analysis – Data Type
7.1 Credit and Debit Card Transactions
7.1.1 Overview
7.1.2 Credit and Debit Card Transactions Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Email Receipts
7.2.1 Overview
7.2.2 Email Receipts Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Mobile Industry Usage
7.3.1 Overview
7.3.2 Mobile Industry Usage Market Revenue and Forecast to 2030 (US$ Million)
7.4 Satellite and Weather Data
7.4.1 Overview
7.4.2 Satellite and Weather Data Market Revenue and Forecast to 2030 (US$ Million)
7.5 Social and Sentiment Data
7.5.1 Overview
7.5.2 Social and Sentiment Data Market Revenue and Forecast to 2030 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others Market Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Alternative Data Market Analysis – Industry
8.1 Automotive and Transportation
8.1.1 Overview
8.1.2 Automotive and Transportation Market Revenue, and Forecast to 2030 (US$ Million)
8.2 BFSI
8.2.1 Overview
8.2.2 BFSI Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Retail
8.3.1 Overview
8.3.2 Retail Market Revenue, and Forecast to 2030 (US$ Million)
8.4 IT and Telecommunications
8.4.1 Overview
8.4.2 IT and Telecommunications Market Revenue, and Forecast to 2030 (US$ Million)
8.5 Media and Entertainment
8.5.1 Overview
8.5.2 Media and Entertainment Market Revenue, and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
9. Asia Pacific Alternative Data Market – Country Analysis
9.1 Overview
9.1.1 Asia Pacific Alternative Data Market Revenue and Forecasts and Analysis – By Country
9.1.1.1 Asia Pacific Alternative Data Market Revenue and Forecasts and Analysis – By Country
9.1.1.2 Australia: Asia Pacific Alternative Data Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.2.1 Australia: Asia Pacific Alternative Data Market Breakdown by Data Type
9.1.1.2.2 Australia: Asia Pacific Alternative Data Market Breakdown by Industry
9.1.1.3 China: Asia Pacific Alternative Data Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.3.1 China: Asia Pacific Alternative Data Market Breakdown by Data Type
9.1.1.3.2 China: Asia Pacific Alternative Data Market Breakdown by Industry
9.1.1.4 India: Asia Pacific Alternative Data Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.4.1 India: Asia Pacific Alternative Data Market Breakdown by Data Type
9.1.1.4.2 India: Asia Pacific Alternative Data Market Breakdown by Industry
9.1.1.5 Japan: Asia Pacific Alternative Data Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.5.1 Japan: Asia Pacific Alternative Data Market Breakdown by Data Type
9.1.1.5.2 Japan: Asia Pacific Alternative Data Market Breakdown by Industry
9.1.1.6 South Korea: Asia Pacific Alternative Data Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.6.1 South Korea: Asia Pacific Alternative Data Market Breakdown by Data Type
9.1.1.6.2 South Korea: Asia Pacific Alternative Data Market Breakdown by Industry
9.1.1.7 Rest of Asia Pacific Alternative Data Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.7.1 Rest of Asia Pacific Alternative Data Market Breakdown by Data Type
9.1.1.7.2 Rest of Asia Pacific Alternative Data Market Breakdown by Industry
10. Competitive Landscape
10.1 Heat Map Analysis By Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. COMPANY PROFILES
12.1 Dataminr Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 FactSet Research Systems Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Preqin Ltd
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Refinitiv Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Eagle Alpha Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Moody’s Analytics Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Visible Alpha LLC
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About The Research Team
13.2 Word Index

LIST OF TABLES

Table 1. Asia Pacific Alternative Data Market Segmentation
Table 2. Asia Pacific Alternative Data Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Asia Pacific Alternative Data Market Revenue and Forecasts To 2030 (US$ Million) – Data Type
Table 4. Asia Pacific Alternative Data Market Revenue and Forecasts To 2030 (US$ Million) – Industry
Table 5. Asia Pacific Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 6. Australia: Asia Pacific Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Data Type
Table 7. Australia: Asia Pacific Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 8. China: Asia Pacific Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Data Type
Table 9. China: Asia Pacific Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 10. India: Asia Pacific Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Data Type
Table 11. India: Asia Pacific Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 12. Japan: Asia Pacific Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Data Type
Table 13. Japan: Asia Pacific Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 14. South Korea: Asia Pacific Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Data Type
Table 15. South Korea: Asia Pacific Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 16. Rest of Asia Pacific Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Data Type
Table 17. Rest of Asia Pacific Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 18. Heat Map Analysis By Key Players
Table 19. List of Abbreviation

LIST OF FIGURES

Figure 1. Asia Pacific Alternative Data Market Segmentation, By Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: Asia Pacific Alternative Data Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Asia Pacific Alternative Data Market Breakdown by Country, 2022 and 2030 (%)
Figure 6. Asia Pacific Alternative Data Market Revenue (US$ Million), 2022 – 2030
Figure 7. Asia Pacific Alternative Data Market Share (%) – Data Type, 2022 and 2030
Figure 8. Credit and Debit Card Transactions Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Email Receipts Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Mobile Industry Usage Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Satellite and Weather Data Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Social and Sentiment Data Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Asia Pacific Alternative Data Market Share (%) – Industry, 2022 and 2030
Figure 15. Automotive and Transportation Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. BFSI Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Retail Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. IT and Telecommunications Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Media and Entertainment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. Asia Pacific Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 22. Asia Pacific Alternative Data Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 23. Australia: Asia Pacific Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 24. China: Asia Pacific Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 25. India: Asia Pacific Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 26. Japan: Asia Pacific Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 27. South Korea: Asia Pacific Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 28. Rest of Asia Pacific Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 29. Company Positioning & Concentration

The List of Companies – Asia Pacific Alternative Data Market

1. Dataminr Inc
2. Eagle Alpha Ltd
3. FactSet Research Systems Inc
4. Moody’s Analytics Inc
5. Preqin Ltd
6. Refinitiv Ltd
7. Visible Alpha LLC

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