{"id":6812,"date":"2022-06-03T06:11:14","date_gmt":"2022-06-03T06:11:14","guid":{"rendered":"https:\/\/zaratechs.com\/?p=6812"},"modified":"2022-06-03T06:11:14","modified_gmt":"2022-06-03T06:11:14","slug":"alternative-data-market-trends-scope-size-growth-and-analysis-2021-26","status":"publish","type":"post","link":"https:\/\/zaratechs.com\/alternative-data-market-trends-scope-size-growth-and-analysis-2021-26\/","title":{"rendered":"Alternative Data Market Trends, Scope, Size, Growth And Analysis 2021-26"},"content":{"rendered":"\n

According to the latest report by IMARC Group \u201cAlternative Data Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026<\/strong>\u201c, The global alternative data market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 38% during the forecast period (2021-2026).<\/p>\n\n\n\n

Alternative data, or alt-data,refers to the data and information about financial instruments that are collected from traditional sources such as SEC filings, financial statements, press releases, and management presentations. Alt data facilitates investors to evaluate their investment opportunities and obtain more accurate, faster and granular insights and metrics regarding the performance of an organization.<\/p>\n\n\n\n

Request for a free sample copy of this report:<\/strong> https:\/\/www.imarcgroup.com\/alternative-data-market\/requestsample<\/a><\/p>\n\n\n\n

Market Trends:<\/strong><\/p>\n\n\n\n

The global alternative data market is primarily driven by the increasing alternative data sources, such as mobile devices, social media, and IoT-enabled devices. Various companies are expanding their offerings by gathering data from such sources, propelling the marketgrowth. Alt data is mostly used by financial entities like banks,hedge funds, mutual funds, and insurance organizations to formulate strategic plans using analytics platforms, fluid data architecture, data science and testing tools. Furthermore, the integration of connected devices with artificial intelligence (AI), machine learning (ML) and natural language processing (NLP) for analyzing hidden patterns in data is also positively influencing the market growth.<\/p>\n\n\n\n

Breakup by Data Type:<\/strong><\/p>\n\n\n\n