The web scraping services market enables obtaining structured data from unstructured websites through an automated process. Web scraping services allow extracting large volumes of data from websites, including keywords, meta descriptions, images, videos, structured and unstructured content. It provides advantages like automatically updating databases, monitoring competitor prices and availability in real-time. With the growth of digitalization and ever-increasing online content, it has become difficult for businesses to manually gather real-time information from multiple websites and databases. This has propelled the need for web scraping services to efficiently collect large datasets.
The global web scraping services market is estimated to be valued at US$ 437.19 million in 2024 and is expected to exhibit a CAGR of 6.4% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Web Scraping Services Market include Andros North America, and Fábrica de Mermeladas SA de CV, Puratos Group, Herbstreith & Fox GmbH & Co.
KG, Dawn Foods, Dr. Oetker GmbH, Avebe, and Mala€TMs. These players are focusing on strategic collaborations and new service launches to consolidate their market position.
Growing digitization has increased the amount of online content exponentially. Web scraping provides an automated way to extract large datasets from websites and online sources, presenting key opportunities for market players.
The expansion of e-commerce has also bolstered the need to monitor competitors and product listings in real-time. This is driving several brands to leverage web scraping services to expand their global online presence.
Market Drivers
The primary driver propelling the web scraping services market growth is the growing need for up-to-date data across various industries. Legacy databases need to be continuously updated with the latest online information. Web scraping automates this process and ensures access to real-time data. Secondly, the rise of big data analytics has increased the demand for large volumes of structured data from unstructured websites. Web scraping services efficiently meet this demand by extracting metadata, images, texts from multiple sources. This is expected to fuel the market expansion over the forecast period.
PEST Analysis
Political: Web scraping services industry is regulated by data privacy laws across different countries and regions. Changes in these regulations may impact the market.
Economic: Rising demand for consumer data and insights and growing need to extract and analyze large volumes of web data is fueling market growth. Economic slowdowns can impact spending on web scraping services.
Social: Changing ways in which people and businesses access and use information online. Growing preference for personalized user experiences based on insights from web data.
Technological: Advancements in artificial intelligence, machine learning and cloud computing are allowing scraping of larger websites and volumes of data more efficiently. Development of new web technologies and standards can impact scraping capabilities.
Geographical regions with high market concentration
North America accounts for majority share of the global web scraping services market in terms of value. This can be attributed to high penetration of web scraping technologies across industries including retail, BFSI, healthcare, and manufacturing. Established cyber security laws in countries like the US support faster growth of the market.
Fastest growing region
Asia Pacific region is poised to witness fastest growth during the forecast period. This is supported by rapid digitalization and increasing adoption of web scraping across different end user industries in major economies of China, India, Japan and Southeast Asian countries. Rising awareness about benefits of web data analytics and insights is fueling demand.
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