Alternative Data Market Dynamics:

Hedge funds' increasing desire for alternative data is likely to significantly increase industry growth. More than half of hedge fund managers now use alternative data to generate outperformance and assist risk management processes, giving them a competitive advantage. Hedge funds get alternate data from roughly 400 companies, which helps to drive market revenue.

Alternative Data Market: Industry Analysis and Forecast (2023-2029)

Alternative Data Market size was valued at US$ 4.26 Bn. in 2022 and the total revenue is expected to grow at 58.3% through 2023 to 2029