Web Scraping Software Market is expected to grow at a CAGR of 14.77% through 2029
Global Web Scraping Software Market is expected to grow owing to advancements in technology, particularly the integration of artificial intelligence (AI) and machine learning (ML) throughout the forecast period 2029.
According
to TechSci Research report, “Web
Scraping Software Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast 2019-2029F”, the Global Web Scraping Software Market was valued at USD 816.93 million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 14.77% through 2029.
A fundamental driver for
the Global Web Scraping Software Market is the widespread recognition of the
importance of data-driven decision-making. Businesses across industries
increasingly rely on data insights to inform strategies, identify market
trends, and gain a competitive edge. Web scraping software serves as a crucial
tool for extracting, aggregating, and analyzing data from diverse online
sources, providing organizations with valuable information for informed decision-making.
As the demand for data-driven insights continues to rise, the adoption of web
scraping software is propelled by its role in enabling businesses to stay agile
and responsive to dynamic market conditions.
The
continual growth of e-commerce and online retail presents a significant
opportunity for web scraping software providers. As more businesses establish
and expand their online presence, the demand for tools that can extract and
analyze data from e-commerce websites is on the rise. Web scraping software can
provide valuable insights into pricing strategies, product catalogs, customer
reviews, and competitive landscapes, enabling e-commerce businesses to make
informed decisions and stay competitive in the online marketplace.
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Web Scraping Software Market"
Based
on end-user, the BFSI segment dominated the market throughout
the forecast period. Efficient inventory management is a key factor in the
success of Retail & E-Commerce businesses. Web scraping software plays a
vital role in demand forecasting by collecting data on product demand, stock
levels, and consumer preferences. By monitoring trends in customer behavior,
retailers can adjust their inventory levels, minimize stockouts, and optimize
supply chain operations. Web scraping tools assist retailers in gathering data
on stock availability, product popularity, and order fulfillment times from
various online platforms. The insights derived from this data contribute to
more accurate demand forecasting, enabling Retail & E-Commerce businesses
to align their inventory levels with market demand, reduce carrying costs, and
enhance overall operational efficiency. Operating within the Retail &
E-Commerce segment requires strict adherence to the policies set by e-commerce
platforms. Many online marketplaces have specific terms of service regarding
data scraping activities, and violating these terms can result in penalties or
suspension of accounts. Web scraping software designed for the Retail &
E-Commerce sector incorporates features that ensure compliance with platform
policies, such as intelligent rate limiting, user-agent rotation, and adherence
to robots.txt directives. This focus on compliance is crucial for retailers
using web scraping tools to extract data from e-commerce platforms without risking
legal repercussions or damage to their online reputation. The ability to
navigate and extract data within the boundaries set by e-commerce platforms is
a key consideration for businesses in the Retail & E-Commerce segment.
Based on egion, Asia Pacific emerges as the fastest-growing region for the Global Web Scraping Market due to several factors driving its rapid expansion. The region's increasing digitalization and internet penetration rates have led to a proliferation of online data sources, creating a vast pool of information ripe for scraping. Additionally, the growing adoption of e-commerce, social media platforms, and digital marketing strategies in countries across Asia Pacific fuels the demand for web scraping tools to extract valuable insights for business optimization. Moreover, the region's diverse industry landscape, spanning sectors such as e-commerce, finance, and technology, further contributes to the heightened demand for web scraping software. As businesses in Asia Pacific strive to remain competitive in the digital age, the utilization of web scraping solutions to gain actionable insights and maintain market relevance becomes increasingly essential, driving significant growth in the market in the region.
Key
market players in the Global Web Scraping Software Market are:-
- Octopus Data Inc.
- Web Spiders Group
- Mozenda, Inc.
- Zyte Group Limited
- Ficstar Software Inc
- QL2 Software, LLC
- Diggernaut, LLC
- UiPath Inc.
- Diffbot Technologies Corp.
- Hashwave Technologies Inc.
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“The vast expansion of online platforms such as websites, social media networks, and e-commerce outlets has generated a wealth of valuable data accessible on the internet. This surge in digital content has underscored the pivotal role of web scraping software in facilitating efficient data collection and analysis for businesses. With applications ranging from market research to competitive analysis and business intelligence, web scraping tools have become indispensable for organizations seeking actionable insights. Furthermore, the integration of artificial intelligence (AI) and machine learning (ML) technologies has bolstered the capabilities of web scraping solutions, enabling them to extract and interpret data from intricate and unstructured sources with precision. As companies increasingly prioritize data-driven decision-making strategies, the demand for web scraping solutions continues to soar, propelling significant growth within the market”, said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based global
management consulting firm.
“Web Scraping Software Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type (General-Purpose Web Crawlers, Incremental Web Crawlers and Deep Web Crawlers), By Deployment Mode (Cloud-Based and On-Premises), By End-User (BFSI, Retail & E-Commerce, Real Estate, Government, Healthcare and Others), By Region & Competition 2019-2029F”, has evaluated the future growth
potential of Global Web Scraping Software Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Web Scraping Software Market.
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