North America Alternative Data Market Forecast to 2030

North America Alternative Data Market Forecast to 2030

North America 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 North America alternative data market was valued at US$ 2,522.66 million in 2022 and is expected to reach US$ 64,257.67 million by 2030; it is estimated to grow at a CAGR of 49.9% from 2022 to 2030.

Rising E-Commerce Industry Fuel the North America Alternative Data Market

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.

North America Alternative Data Market Overview

North America is the early adopter of digital technology across the globe. In May 2012, the Digital Government Strategy was launched to bring the digital revolution across the region to be the pioneer in terms of economic growth and technological advancement. In May 2020, the United States Agency for International Development (USAID) released Digital Strategy for development and humanitarian assistance in the world’s rapidly evolving digital landscape. This digital strategy was built to strengthen various industries, contributing to the region’s economic growth. In addition, in 2018, Canada’s first minister for digital government was appointed by the Prime Minister to strengthen the digital economy of the country. In 2021, the government of Canada announced its first digital-government strategy aimed at coordinating digital operations, modernizing its IT systems, advancing technology adoption, and improving service delivery. Thus, the rising digitalization fuels the adoption of digital solutions across the region, which further foster the demand for alternative data by the players to gain a competitive advantage in the market.

North America Alternative Data Market Revenue and Forecast to 2030 (US$ Mn)

North America Alternative Data Market Segmentation

The North America alternative data market is segmented into data type, industry, and country.

Based on data type, the North America 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 North America 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 North America alternative data market is segmented to the US, Canada, and Mexico. The US dominated the North America alternative data market share in 2022.

Dataminr Inc, Eagle Alpha Ltd, FactSet Research Systems Inc, Moody’s Analytics Inc, Preqin Ltd, RavenPack International SL, Refinitiv Ltd, Retailstat LLC, Visible Alpha LLC, and Yipit LLC are some of the leading companies operating in the North America alternative data market.

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At 49.9% CAGR, the North America Alternative Data Market is Speculated to be Worth US$ 64,257.67 million by 2030, says The Research Team

According to The Research Team’ research, the North America alternative data market was valued at US$ 2,522.66 million in 2022 and is expected to reach US$ 64,257.67 million by 2030, registering a CAGR of 49.9% from 2022 to 2030. Rising e-commerce industry, increasing demand from hedge funds, and growing digitalization are the critical factors attributed to the North America 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 North America alternative data market.

Based on data type, the North America 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 30.3% market share in 2022, amassing US$ 765.13 million. It is projected to garner US$ 22,431.60 million by 2030 to expand at 52.5% CAGR during 2022-2030.

Based on industry, the North America alternative data market is segmented into automotive, BFSI, energy industrial, IT and telecommunications, media & entertainment, and others. The BFSI segment held 27.2% share of North America alternative data market in 2022, amassing US$ 686.67 million. It is projected to garner US$ 21,324.62 million by 2030 to expand at 53.6% CAGR during 2022-2030.

Based on country, the North America alternative data market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 87.5% share of North America alternative data market in 2022. It was assessed at US$ 2,207.08 million in 2022 and is likely to hit US$ 56,688.11 million by 2030, exhibiting a CAGR of 50.0% during 2022-2030.

Key players operating in the North America alternative data market are Dataminr Inc, Eagle Alpha Ltd, FactSet Research Systems Inc, Moody’s Analytics Inc, Preqin Ltd, RavenPack International SL, Refinitiv Ltd, Retailstat LLC, Visible Alpha LLC, and Yipit 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 North America 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 North America 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 North America 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. North America 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. North America Alternative Data Market – Key Industry Dynamics
5.1 North America 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 – North America Market Analysis
6.1 North America Alternative Data Market Revenue (US$ Million), 2022 – 2030
6.2 North America Alternative Data Market Forecast and Analysis
7. North America 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. North America 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. North America Alternative Data Market – Country Analysis
9.1 Overview
9.1.1 North America Alternative Data Market Revenue and Forecasts and Analysis – By Country
9.1.1.1 North America Alternative Data Market Revenue and Forecasts and Analysis – By Country
9.1.1.2 US: North America Alternative Data Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.2.1 US: North America Alternative Data Market Breakdown by Data Type
9.1.1.2.2 US: North America Alternative Data Market Breakdown by Industry
9.1.1.3 Canada: North America Alternative Data Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.3.1 Canada: North America Alternative Data Market Breakdown by Data Type
9.1.1.3.2 Canada: North America Alternative Data Market Breakdown by Industry
9.1.1.4 Mexico: North America Alternative Data Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.4.1 Mexico: North America Alternative Data Market Breakdown by Data Type
9.1.1.4.2 Mexico: North America 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 RavenPack International SL
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 Refinitiv 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 Eagle Alpha Ltd
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 Retailstat 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
12.8 Yipit LLC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Moody’s Analytics Inc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Visible Alpha LLC
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Research Team
13.2 Word Index

LIST OF TABLES

Table 1. North America Alternative Data Market Segmentation
Table 2. North America Alternative Data Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. North America Alternative Data Market Revenue and Forecasts To 2030 (US$ Million) – Data Type
Table 4. North America Alternative Data Market Revenue and Forecasts To 2030 (US$ Million) – Industry
Table 5. North America Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 6. US: North America Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Data Type
Table 7. US: North America Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 8. Canada: North America Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Data Type
Table 9. Canada: North America Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 10. Mexico: North America Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Data Type
Table 11. Mexico: North America Alternative Data Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 12. Heat Map Analysis By Key Players
Table 13. List of Abbreviation

LIST OF FIGURES

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

The List of Companies – North America Alternative Data Market

1. Dataminr Inc
2. Eagle Alpha Ltd
3. FactSet Research Systems Inc
4. Moody’s Analytics Inc
5. Preqin Ltd
6. RavenPack International SL
7. Refinitiv Ltd
8. Retailstat LLC
9. Visible Alpha LLC
10. Yipit LLC

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