Web Scraping Software Market Size, Share, Growth, and Industry Analysis, By Type (Cloud-Based, and On-Premises), By Application (Financial Analysis, Travel & Hospitality, Real Estate, Jobs & Human Capital, and Other) Regional Insights and Forecast to 2031

Updated On: 15 April 2024

web scraping software market REPORT OVERVIEW

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The global web scraping software market size was in USD 1727 million 2020 and is expected to reach USD 100486.75 million by 2031, exhibiting a CAGR of 43.3% during the forecast period.

The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The market comprises a diverse array of products and services tailored for automating the retrieval of data from websites and web pages. This software is an indispensable asset for a wide range of users, including businesses, researchers, and individuals, seeking to gather data from the internet to serve various objectives. These objectives encompass competitive analysis, market research, price tracking, sentiment analysis, and numerous other applications.

COVID-19 Impact: Increased Demand for Data among Population to Fuel Market Growth

The pandemic sparked a heightened need for data concerning various facets of the crisis, including health statistics, supply chain disruptions, and shifts in consumer behavior. This surge in demand necessitated the utilization of web scraping software to acquire and analyze real-time data.

Amid the pandemic, numerous websites underwent structural alterations, implemented heightened security measures, and imposed more stringent restrictions to safeguard their data. Consequently, these changes rendered web scraping a more challenging and less dependable endeavor.

LATEST TRENDS

"AI and Machine Learning Integration, and Enhanced Security Features to Fuel Market Growth "

AI and machine learning algorithms enable the automation of data identification and extraction from web pages. These algorithms possess the capability to identify patterns, structures, and pertinent information on websites, thereby decreasing the necessity for manual setup. Additionally, machine learning models enhance data accuracy by executing real-time adjustments and corrections during the scraping process. These models identify and rectify errors, adapt to changes in website structure, and thereby ensure the reliability of scraped data. With contemporary websites commonly featuring dynamic content loaded via JavaScript, AI-powered web scraping tools proficiently interact with and extract data from these dynamic elements, ensuring the comprehensive capture of all pertinent information. As the significance of data privacy continued to rise, web scraping tools were prioritizing the enhancement of security features to guarantee data protection and adherence to legal regulations.

web scraping software market SEGMENTATION

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• By Type

Based on Type the market is classified as cloud-based, and on-premises.

• By Application

Based on Application the market is classified as financial analysis, travel & hospitality, real estate, jobs & human capital, and other.

DRIVING FACTORS

"Data-Driven Decision Making to Fuel Market Growth "

The burgeoning reliance on data for decision-making across business, research, and various industries has significantly contributed to the web scraping software market growth. This software plays a pivotal role in supplying valuable data for market research, competitive analysis, pricing strategies, and more, thus propelling market expansion.

"E-commerce Growth to Stimulate Market Progress"

The expansion of the e-commerce sector has ignited the demand for web scraping tools, which are essential for overseeing product prices, monitoring competitors, and aggregating customer reviews. E-commerce enterprises rely on these tools to secure a competitive advantage and fine-tune their pricing strategies.

RESTRAINING FACTORS

"Legal and Ethical Concerns to Harm Market Growth "

In certain regions, legal constraints and ethical dilemmas related to web scraping have presented challenges. Engaging in unauthorized data extraction may result in legal conflicts, compliance violations, and damage to one's reputation

web scraping software market REGIONAL INSIGHTS

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"North America to dominate the Market Owing To Robust Legal Compliance Features "

In North America, especially in the U.S., the market holds a significant web scraping software market share, primarily driven by the prominent presence of technology firms, data-driven enterprises, and research institutions. Notably, the market share is influenced by the imperative focus on adhering to data privacy regulations, including GDPR and CCPA, leading many companies to prioritize web scraping tools that provide robust legal compliance features. Key industries, such as e-commerce, finance, and healthcare, claim a substantial market share, relying heavily on web scraping for vital market intelligence and competitive analysis.

KEY INDUSTRY PLAYERS

"Multitude of companies that played a pivotal role in expansion of web scraping software "

In the market, numerous significant industry participants, including both well-established companies and emerging startups, offer a diverse array of web scraping solutions. For instance, there is an open-source web crawling framework written in Python that enjoys widespread use for web scraping and data extraction.

List of Market Players Profiled

• Octopus Data (U.S.)
• Mozenda (U.S.)
• Diffbot (U.S.)
• Scrapinghub (Ireland)
• ParseHub (Canada)

REPORT COVERAGE

The future demand for the market is covered in this study. The Research report includes the Increased Demand for Data due to the Covid-19 Impact. The report covers the latest trends in AI and Machine Learning Integration. The paper includes a segmentation of the web scraping software market. The research paper includes the driving factors that are Data-Driven Decision Making to Fuel Market Growth. The report also covers information on Regional Insights where the region which has emerged leading market for market.