Web scraping services allow organizations to extract large amounts of data from websites in an automated manner. Web scraping services leverage technologies like automation and artificial intelligence to parse through websites and extract structured data like names, description, prices and more. This data can then be analyzed for various purposes like market research, competitive analysis, price monitoring and more. The need for web scraping services has increased as organizations aim to gather more insights from publicly available online data in a fast and cost-effective manner.

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 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's .

The key opportunities in the web scraping services market include growing demand from industries like retail, finance and healthcare for competitive benchmarking and price monitoring. Furthermore, rise of big data analytics is fueling the need to extract more online data from various sources.

Technological advancements like artificial intelligence and machine learning have made web scraping more intelligent and efficient. AI capabilities allow web scraping services to understand website structures better and identify changes dynamically. This ensures scraping accuracy and faster data extraction from large sets of URLS.

Market drivers

The primary driver for the web scraping services market is the increasing internet penetration and digitization of business processes globally. As more information comes online, organizations are leveraging web scraping to extract insights from publicly available web data. Another key driver is the rise of big data and analytics culture. With huge amounts of data available online, web scraping services facilitate cost-effective data collection and power advanced analytics. This is further fuelling the demand from industries to identify new opportunities using online data.

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