Web Scraping Services Market is Estimated to Witness High Growth
Web scraping services enable users to extract large amounts of data from websites and convert unstructured data into structured data that can be analyzed. Web scraping has gained prominence due to the increasing demand for big data analytics across various end-use industries such as BFSI, retail, healthcare, and media & entertainment. It helps companies derive meaningful insights from the massive unstructured data available on the web pages to improve business decision making. Some of the key advantages of web scraping include faster data collection, easy accessibility to off-site content, and automation of routine tasks. With growing digitalization and use of analytics for competitive intelligence, risk management, and customer analytics, the need for web scraping services has increased substantially.
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 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. These players are focusing on acquisitions and partnerships to expand their service offerings and global footprint.
The key opportunities in the market include the growing emphasis on digital marketing strategies and rise of location-based services. Many companies are leveraging web scraping to collect reviews, comments, and feedback from different websites and social media platforms to enhance their digital marketing campaigns. Additionally, location-based web scraping is gaining traction for applications such as analyzing competitor stores, footfall patterns, and optimizing delivery routes.
The global expansion of the Web Scraping Services Market Size is driven by increasing investments in big data and analytics by companies across developed as well as developing regions. While North America currently dominates the market, Asia Pacific is expected to offer lucrative growth opportunities during the forecast period supported by rapid digital transformation of industries in countries like China and India.
Market drivers
One of the key drivers for the growth of the web scraping services market is the rising adoption of big data analytics solutions by organizations. With the massive amounts of data being generated every day, companies across all industries are implementing big data analytics platforms to gain meaningful insights for enhancing business decisions. Web scraping services help in collecting large unstructured datasets from websites and social media profiles, which can then be leveraged for analytics purposes. This factor is expected to significantly drive the demand for web scraping in the coming years.
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