Web scraping services help extract large volumes of data from websites through automated scripts and programs. These services are deployed by companies to extract crucial information from websites in order to analyze customer behavior and make business decisions. The extracted data can include product details, pricing, reviews, blogs, social mentions and more.
The Global web scraping services market is estimated to be valued at US$ 437.19 Mn 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 are Andros North America, Fábrica de Mermeladas SA de CV, Puratos Group, Herbstreith & Fox GmbH & Co. KG, Dawn Foods, Dr. Oetker GmbH, Avebe, Kandy, Barker Fruit Processors Ltd., and Mala€TMs. The demand for web scraping services is growing due to increasing need for data extraction by companies across various industries such as e-commerce, finance, travel and hospitality among others. Technological advancements have enabled web scraping tools to extract large volumes of data in a short span of time and integrate it with business intelligence and analytics platforms for easy analysis.
Market Trends
Trend 1: Usage of AI and machine learning for web scraping – Key players in the market are focusing on developing intelligent web scraping solutions powered by AI and machine learning. These solutions can understand website structures, detect changes in web pages and extract relevant data autonomously without needing programming changes.
Trend 2: Mobile app scraping – With the rising usage of mobile apps, players are coming up with specialized scraping tools that can crawl through mobile applications and databases to extract user profiles, in-app purchases and other beneficial data for app developers and marketers.
Market Opportunities
Opportunity 1: Market expansion in developing regions – Emerging economies in Asia Pacific and Latin America that are rapidly digitalizing present massive growth opportunities for Web Scraping Services Market Growth providers as more local companies recognize the need for online data extraction.
Opportunity 2: Scraping dark web and deep web data – Although technically challenging, if players develop tools to uncover hidden patterns and insights from the deep and dark webs, it can help them tap into lucrative domains such as cybersecurity, competitive intelligence and strategic decision making.
Impact of COVID-19 on Web Scraping Services Market
The COVID-19 pandemic has significantly impacted the growth of the web scraping services market. Lockdowns and restrictions imposed during initial outbreaks led to decline in demand and supply chain disruptions. However, post lockdowns many companies shifted focus online and started relying heavily on web data and digital platforms for business growth. This boosted the demand for web scraping services which help companies collect online data for analyzing consumer behavior, online prices and product availability.
The pandemic led to increased adoption of technologies like web scraping as organizations aimed at collecting insights from online sources to improve digital strategies. Web scraping services help gather publicly available data from websites, which proved useful for businesses during the crisis to understand changing customer preferences and develop strategies accordingly.
Many industries like e-commerce, healthcare, education increasingly relied on web scraping for tasks like price monitoring, availability checking, competitive analysis and market research. This is expected to drive sustained demand for web scraping services in the forecast period.
However, service providers faced initial challenges in operations due to travel restrictions and limited physical access. They had to enhance remote working capabilities and deploy secure tools for clients to ensure smooth scraping activities. In future, Web Scraping Services Market companies need to focus on cloud technologies, AI integration and security upgrades to cater growing needs of online data collection in a post-pandemic environment.
Geographical concentration of Web Scraping Services Market
North America accounts for the largest share of the global web scraping services market in terms of value. This is attributed to strong presence of service providers and widespread technology adoption among enterprises in the US and Canada. Countries like the US are home to many leading web scraping companies and have a developed market for online data analytics services.
Asia Pacific is projected to be the fastest growing regional market during the forecast period. Countries such as China, India, Japan and South Korea offer large opportunities due to rising digitalization, increasing internet penetration and growing e-commerce sector. Apart from developed markets, Southeast Asian nations are witnessing surge in web scraping demand from industries aiming to expand online presence and collect market insights.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
