Middle East & Africa Alternative Data Market Forecast to 2030 - Regional Analysis - by Data Type and Industry (Automotive, BFSI, Energy Industrial, IT and Telecommunications, Media and Entertainment, and Others)

Description

List of Tables

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.

Product Code: BMIRE00029614

Table of Content

1. Introduction

1.1 The Insight Partners 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 Insight Partners
13.2 Word Index