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Web Scraping Services Market is Trending by High Demand for Unstructured Web Data

Web Scraping Services Market

The web scraping services market offers scraping services and tools that help extract valuable data from websites. These services aid businesses in extracting product information, pricing details, reviews, and customer profiles for market research and competitive intelligence.

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.

Web scraping services assist companies in gathering large volumes of unstructured data from websites for various uses like price monitoring, competitor analysis, market research, and content aggregation. They help automate data extraction, parsing, and processing to derive useful insights. The tools and platforms provided allow users to customize scraping activities, schedule scraping jobs, and store scraped data in databases or files for easy access and analysis. The widespread availability of unstructured web data and growing need among businesses to leverage such data for decision making is driving significant demand in the market.

Key Takeaways

Key players operating in the web scraping services market 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 from industries such as retail, real estate, media, and healthcare to gather competitor data and analyze market trends is fueling market growth.

The increasing adoption of web scraping technology by companies globally to automate data collection and expand their online presence is supporting the expansion of the web scraping services industry across regions.

Market key trends

One of the key trends in the Web Scraping Services Market Demand is the rising popularity of data analytics technologies. Companies are increasingly utilizing scraped web data and integrating it with analytics tools to generate valuable insights for strategic decision making. Advanced techniques like predictive analytics and prescriptive analytics are being used alongside scraped data to forecast trends and prescribe actions. This growing focus on data-driven decision making is expected to significantly drive the demand for web scraping services over the coming years.

Porter's Analysis

Threat of new entrants: New entrants face high initial costs to develop web scraping technologies and build relevant capabilities.

Bargaining power of buyers: Buyers have moderate bargaining power as there are many providers of web scraping services. However, switching costs are relatively low.

Bargaining power of suppliers: Suppliers of web scraping technologies and expertise have moderate bargaining power as there are many potential buyers for their offerings.

Threat of new substitutes: Potential substitutes like APIs pose a moderate threat as they provide alternative methods for extracting web data without requiring customized scraping.

Competitive rivalry: The industry faces high competition as there are many players providing similar web scraping capabilities. Players must constantly innovate and improve their offerings.

Geographical regions

North America currently dominates the market in terms of value, accounting for over 35% share. This is attributed to widespread adoption of advanced technologies, presence of major players, and high demand from industries.

Asia Pacific is poised to be the fastest growing regional market, expanding at a CAGR of around 8%. Countries like China and India are rapidly digitalizing their economies and industries. Additionally, lower costs have attracted global players to establish development centers in the region. The increasing presence of overseas companies will further drive the need for web data extraction via scraping.

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