At 52.9% CAGR, the Europe Alternative Data Market is Projected to be Worth US$ 43,635.22 million by 2030, Says Business Market Insights

According to Business Market Insights' research, the Europe alternative data market was valued at US$ 1,457.68 million in 2022 and is expected to reach US$ 43,635.22 million by 2030, registering a CAGR of 52.9% from 2022 to 2030. Rising e-commerce industry, increasing demand from hedge funds, and growing digitalization are the critical factors attributed to the Europe alternative data market expansion.

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 Europe alternative data market during the forecast period.

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

Based on data type, the Europe 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 25.9% market share in 2022, amassing US$ 378.17 million. It is projected to garner US$ 13,319.19 million by 2030 to expand at 56.1% CAGR during 2022-2030.

Based on industry, the Europe alternative data market is segmented into automotive, BFSI, energy industrial, IT and telecommunications, media & entertainment, and others. The BFSI segment held 25.4% share of Europe alternative data market in 2022, amassing US$ 370.14 million. It is projected to garner US$ 12,731.34 million by 2030 to expand at 55.6% CAGR during 2022-2030.

Based on country, the Europe alternative data market has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that the UK captured 23.6% share of Europe alternative data market in 2022. It was assessed at US$ 343.43 million in 2022 and is likely to hit US$ 10,847.72 million by 2030, exhibiting a CAGR of 54.0% during 2022-2030.

Key players operating in the Europe alternative data market are Dataminr Inc, Eagle Alpha Ltd, FactSet Research Systems Inc, Moody's Analytics Inc, Preqin Ltd, RavenPack International SL, 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.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com