Signal here is less about the number and more about timing: allocators loosening data budgets in 2025 means sourcing teams should be lining up trials and renewal leverage now, not in Q1 scramble mode. Millions-a-year spend levels also confirm alt-data has moved from experimental line item to core infrastructure at the funds that can afford it.
Vendors take note — this is the window to push premium tiers before budgets lock.
Hedge funds are planning a 'budget boom' in 2025 for the datasets that cost them millions a year
