Middle East & Africa Alternative Data Market Forecast to 2030

Middle East & Africa Alternative Data Market Forecast to 2030

Middle East & Africa 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 Middle East & Africa alternative data market was valued at US$ 269.72 million in 2022 and is expected to reach US$ 4,765.03 million by 2030; it is estimated to grow at a CAGR of 43.2% from 2022 to 2030.

Advent of IoT, Big Data, and Machine Learning Fuels the Middle East & Africa Alternative Data Market

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.

Middle East & Africa Alternative Data Market Overview

The Middle East & Africa (MEA) alternative data market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. The region has experienced a rapid penetration of internet connectivity over the years. Government bodies have launched various initiatives to promote the adoption of digital technologies across all industry sectors to increase efficiency and compete in the global market. For instance, in March 2021, the Saudi Arabia government launched the Digital Government Authority (DGA) to oversee the national digital strategy across the country. In addition, the region comprises several growing economies, such as the UAE, Saudi Arabia, Oman, Kuwait, and Qatar, which are becoming potential markets for digitalization owing to a rapid rise in industrialization and a rise in the adoption of advanced technological solutions. Thus, the rise in digitization, coupled with growing industrialization, are a few factors contributing to the demand for alternative data by several players across various industries.

Middle East & Africa Alternative Data Market Revenue and Forecast to 2030 (US$ Mn)

Middle East & Africa Alternative Data Market Segmentation

The Middle East & Africa alternative data market is segmented into data type, industry, and country.

Based on data type, the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa alternative data market is segmented to South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa alternative data market share in 2022.

Dataminr Inc, Eagle Alpha Ltd, FactSet Research Systems Inc, Moody’s Analytics Inc, Preqin Ltd, and Refinitiv Ltd are some of the leading companies operating in the Middle East & Africa alternative data market.

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At 43.2% CAGR, the Middle East & Africa Alternative Data Market is Speculated to be Worth US$ 4,765.03 million by 2030, says The Research Team

According to The Research Team’ research, the Middle East & Africa alternative data market was valued at US$ 269.72 million in 2022 and is expected to reach US$ 4,765.03 million by 2030, registering a CAGR of 43.2% from 2022 to 2030. Rising e-commerce industry, increasing demand from hedge funds, and growing digitalization are the critical factors attributed to the Middle East & Africa alternative data market expansion.

The growth in consumer disposable income and changes in their lifestyle and purchasing patterns are contributing to the increased purchasing of goods and products from online platforms. Consumers prefer shopping online as it offers a wide range of products and saves time and money compared to brick-and-mortar stores. In addition, the increasing penetration of the internet and smartphones is boosting customers’ preference for online shopping, fueling the growth of the e-commerce industry. Consumers are majorly making their opinions regarding the products via online reviews. In such cases, web scraping helps alternative data providers analyze large volumes of reviews by extracting large amounts of data and using specialized analytic tools to extract critical insights. Thus, the rising e-commerce industry generates huge amounts of data, which creates the demand for alternative data by the e-commerce market players to efficiently analyze consumer behavior, contributing to the growth of the alternative data market.

On the contrary, regulatory concerns and data security issues hampers on the growth of Middle East & Africa alternative data market.

Based on data type, the Middle East & Africa 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 27.3% market share in 2022, amassing US$ 73.51 million. It is projected to garner US$ 1,538.35 million by 2030 to expand at 46.2% CAGR during 2022-2030.

Based on industry, the Middle East & Africa alternative data market is segmented into automotive, BFSI, energy industrial, IT and telecommunications, media & entertainment, and others. The BFSI segment held 26.1% share of Middle East & Africa alternative data market in 2022, amassing US$ 70.34 million. It is projected to garner US$ 1,408.93 million by 2030 to expand at 45.5% CAGR during 2022-2030.

Based on country, the Middle East & Africa alternative data market has been categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 34.8% share of Middle East & Africa alternative data market in 2022. It was assessed at US$ 93.81 million in 2022 and is likely to hit US$ 1,775.45 million by 2030, exhibiting a CAGR of 44.4% during 2022-2030.

Key players operating in the Middle East & Africa alternative data market are Dataminr Inc, Eagle Alpha Ltd, FactSet Research Systems Inc, Moody’s Analytics Inc, Preqin Ltd, and Refinitiv Ltd, 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 Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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. Middle East & Africa 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. Middle East & Africa Alternative Data Market – Key Industry Dynamics
5.1 Middle East & Africa 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 – Middle East & Africa Market Analysis
6.1 Middle East & Africa Alternative Data Market Revenue (US$ Million), 2022 – 2030
6.2 Middle East & Africa Alternative Data Market Forecast and Analysis
7. Middle East & Africa 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. Middle East & Africa 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. Middle East & Africa Alternative Data Market – Country Analysis
9.1 Overview
9.1.1 Middle East & Africa Alternative Data Market Revenue and Forecasts and Analysis – By Country
9.1.1.1 Middle East & Africa Alternative Data Market Revenue and Forecasts and Analysis – By Country
9.1.1.2 South Africa: Middle East & Africa Alternative Data Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.2.1 South Africa: Middle East & Africa Alternative Data Market Breakdown by Data Type
9.1.1.2.2 South Africa: Middle East & Africa Alternative Data Market Breakdown by Industry
9.1.1.3 Saudi Arabia: Middle East & Africa Alternative Data Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.3.1 Saudi Arabia: Middle East & Africa Alternative Data Market Breakdown by Data Type
9.1.1.3.2 Saudi Arabia: Middle East & Africa Alternative Data Market Breakdown by Industry
9.1.1.4 UAE: Middle East & Africa Alternative Data Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.4.1 UAE: Middle East & Africa Alternative Data Market Breakdown by Data Type
9.1.1.4.2 UAE: Middle East & Africa Alternative Data Market Breakdown by Industry
9.1.1.5 Rest of Middle East & Africa: Middle East & Africa Alternative Data Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.5.1 Rest of Middle East & Africa: Middle East & Africa Alternative Data Market Breakdown by Data Type
9.1.1.5.2 Rest of Middle East & Africa: Middle East & Africa 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. Middle East & Africa Alternative Data Market Segmentation
Table 2. Middle East & Africa Alternative Data Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Middle East & Africa Alternative Data Market Revenue and Forecasts To 2030 (US$ Million) – Data Type
Table 4. Middle East & Africa Alternative Data Market Revenue and Forecasts To 2030 (US$ Million) – Industry
Table 5. Middle East & Africa Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 6. South Africa: Middle East & Africa Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Data Type
Table 7. South Africa: Middle East & Africa Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 8. Saudi Arabia: Middle East & Africa Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Data Type
Table 9. Saudi Arabia: Middle East & Africa Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 10. UAE: Middle East & Africa Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Data Type
Table 11. UAE: Middle East & Africa Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 12. Rest of Middle East & Africa: Middle East & Africa Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Data Type
Table 13. Rest of Middle East & Africa: Middle East & Africa Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 14. Heat Map Analysis By Key Players
Table 15. List of Abbreviation

LIST OF FIGURES

Figure 1. Middle East & Africa Alternative Data Market Segmentation, By Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: Middle East & Africa Alternative Data Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Middle East & Africa Alternative Data Market Breakdown by Country, 2022 and 2030 (%)
Figure 6. Middle East & Africa Alternative Data Market Revenue (US$ Million), 2022 – 2030
Figure 7. Middle East & Africa 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. Middle East & Africa 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. Middle East & Africa Alternative Data Market, by Key Country- Revenue (2022) (US$ Mn)
Figure 22. Middle East & Africa Alternative Data Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 23. South Africa: Middle East & Africa Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 24. Saudi Arabia: Middle East & Africa Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 25. UAE: Middle East & Africa Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 26. Rest of Middle East & Africa: Middle East & Africa Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 27. Company Positioning & Concentration

The List of Companies – Middle East & Africa 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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