June 16, 2024
Web Scraping Services Market

Web Scraping Services Market is Estimated to Witness High Growth

The web scraping services market involves extracting data from websites and converting unstructured data into structured data through software. Web scraping is majorly used to gather emails, competitor pricing, product details, and more. It provides faster and easier access to online data by bypassing website forms and user interfaces. The increasing need for business intelligence data and rising demand for web crawling services are key factors boosting market growth.

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 growing demand for web scraping from e-commerce businesses and price comparison websites is fueling market opportunities. Advancements in artificial intelligence and machine learning are enabling web scrapers to bypass captchas and extract dynamic content from websites, driving growth of the web scraping services market.

Market Drivers

The increasing generation of online data across industries is a key market driver. Web Scraping Services Market Demand helps retrieve large volumes of online data in less time compared to manual methods. The rise of big data analytics and need for real-time competitive intelligence is also augmenting demand for web scraping services. Many web scraping software now offer data extraction APIs for developers to easily fetch and analyze online information. The growing digitalization of businesses is expected to further accelerate market expansion over the forecast period.

Current challenges in Web Scraping Services Market

Web scraping applications require enormous computing power to handle substantial web scraped data volumes at high speeds. This imposes technical challenges for scraping service providers to offer reliable and cost-effective solutions. Additionally, frequent website changes and updates can disrupt scraping operations. Websites are constantly getting updated with new security measures like CAPTCHAs and robot blocking techniques to prevent unauthorized scraping. This dynamic nature of websites poses operational challenges.

Unethical practices like scraping private data without consent is another challenge. Web scraping activities are frequently carried out without proper authorization, which violates websites’ terms of use policies. This non-compliance with privacy regulations attracts legal penalties. Web Scraping Services Market providers face the risk of huge fines and lawsuits if found scraping sensitive data illegally. Addressing privacy and compliance issues remain key challenges.

SWOT Analysis

Strengths: Flexible solutions tailored to user needs. Ability to extract large volumes of publicly available data at high speeds. Cost-effective option compared to manual data collection.

Weaknesses: Heavily reliant on third party websites. Scraping disruptions if websites frequently change layouts. Privacy and legal compliance requires additional efforts.

Opportunities: Growing need for alternative data sources amid expansion of digital content. Increasing focus on big data analytics across industries boosting demand.

Threats: Stricter privacy laws pose compliance challenges. Websites develop robust blocking techniques affecting scraping activity. Competition intensifies from in-house data collection teams.

Geographical regions

North America holds the largest share in the Web Scraping Services, both in terms of value and volume. This is attributed to robust technological infrastructure and strong presence of niche web scraping companies. The U.S. specifically is home to many leading scraping service providers as well as large-scale end-users from industries like finance, retail and technology.

The Asia Pacific region is witnessing the fastest growth and emerging as a promising market. Countries like India, China, Japan and South Korea offer immense opportunities due to rising technology adoption and growing data-driven businesses. Substantial web content availability from the region along with affordable web scraping solutions boost service implementation. An increasing number of local and global companies set up digital operations in APAC economies, driving the need for web data analytics through scraping.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it