Global Web Scraper Software Market Grows at a Staggering CAGR of 13.3%

Introduction

Web scraping is a technique for acquiring enormous quantities of data from websites. The information is collected and stored in a tabular (spreadsheet) format in a local file on a computer or database. There are two forms of web scraping software: locally installed and cloud-based. Further, WebHarvy, OutWit Hub, Visual Web Ripper, etc., are examples of web scraping tools that may be installed on a PC. At the same time, Import.io and Mozenda are instances of cloud data extraction services.

Market Dynamics

Increasing Demand from the E-commerce Sector Drives the Global Market

Globally, the e-commerce industry has expanded significantly over the past decade and is anticipated to continue increasing throughout the study. In recent years, the sector's expansion has been aided by the increasing usage of cell phones and the Internet in emerging nations. As a result of the Internet's ability to cut operational expenses, many new businesses operate only online, freeing up capital for product development. To properly sell a product, businesses must process massive volumes of data to comprehend the different elements influencing a consumer's choice.

A growing number of e-commerce businesses are investing in web scraping software with various configurations to gain deeper insight into the market. Significantly increased demand for web scraping software is predicted to result from increased e-commerce industry professionals' awareness. Consequently, the increasing demand from the e-commerce sector is anticipated to propel the expansion of the worldwide web scraper software market throughout the forecast period.

Rising Demand for Outsourcing Services Creates Tremendous Opportunities

Companies rely on lead generation in today's competitive marketplace to increase their market share and clientele. In an increasingly competitive market, traditional methods of lead generation must suffice. Several businesses are utilizing technologies and services from other companies to improve their lead generation process and, ultimately, their revenues. In addition, as the number of companies in the e-commerce industry increases, the need for outsourcing web scraping services is anticipated to increase significantly, partly because most e-commerce companies are small and medium-sized businesses. Consequently, the increasing demand for outsourcing lead-generating services is expected to create a profitable opportunity for industry participants in the global online scraping software market over the forecast period.

Regional Analysis

North America is the most significant contributor to the market and is anticipated to grow at a CAGR of 13.4% during the forecast period. North America dominates this market due to increasing data security concerns among enterprises and the resulting rise in demand for online scraping software. This software facilitates the monitoring and administration of Internet data flows. The escalating amount of unstructured data in various end-use industries is also a significant factor driving software demand. In addition, high demand from the retail and e-commerce sectors and the advertising and media industries is driving market expansion in the region. Most significant businesses in the region utilize web scraper software to convert web information into actionable data, providing high-quality structured data to improve business outcomes and enable intelligent decision-making.

Furthermore, Smartlook.com, Inspectlet, and Dynatrace LLC are significant contributors that utilize cutting-edge technologies. Moreover, due to increased internet usage, rising demand for data as a service (DaaS), and the growth of the Internet of Things, businesses are increasingly relying on goods for business automation. In addition, the United States has the most significant market share in North America. Most prominent, small, and medium-sized businesses utilize the software across multiple industrial sectors, which is expected to drive market growth.

Europe is anticipated to grow at a CAGR of 13.1% over the forecast period. Europe consists of Germany, the United Kingdom, France, Italy, Russia, and the rest of Europe. Germany is anticipated to have the largest market size because the country has the highest number of businesses utilizing web scraping software. Nevertheless, Italy is expected to have the greatest CAGR throughout the projection period as the demand for web scraping solutions across all industry verticals rises. The widespread usage of software by retailers, advertising firms, and financial service providers in the region contributes to the rise of the global sector.

Key Highlights

• The global web scraper software market was valued at USD 586 million in 2022. It is estimated to reach USD 1,803 million by 2031, growing at a CAGR of 13.3% during the forecast period (2023–2031).
• Based on type, the global web scraper software market is divided into general-purpose web crawlers, focused web crawlers, incremental web crawlers, and deep web crawlers. The general-purpose web crawler segment is the highest contributor to the market and is expected to grow at a CAGR of 15.2% during the forecast period.
• Based on vertical, the global web scraper software market is divided into retail and e-commerce, advertising and media, real estate, finance, automotive, and others. The retail and e-commerce segment owns the highest market share and is estimated to grow at a CAGR of 14.2% over the forecast period.
• North America is the most significant contributor to the market and is anticipated to grow at a CAGR of 13.4% during the forecast period.

Competitive Players

1. UiPath
2. Import.io
3. Mozenda, Inc.
4. Octupus Data Inc.
5. ParseHub
6. Phantom Buster
7. Pilotfish
8. Diggernaut
9. Hangzhou Duosuan Technology Co., Ltd
10. SysNucleus
11. Newprosoft
12. Diffbot
13. Apify
14. Dexi

Recent Developments

Recent Developments

• April 2024 - Microsoft Corp. and Cloud Software Group Inc. announced the signing of an eight-year strategic partnership agreement to further their cooperation. With a cohesive product roadmap, the partnership will enhance the go-to-market cooperation for the Citrix® desktop and virtual application platform and facilitate the creation of innovative cloud and artificial intelligence solutions. In addition, Cloud Software Group will dedicate USD 1.65 billion to the generative AI capabilities of the Microsoft Cloud.
• June 2024 - Meta announced its global rollout of artificial intelligence services and informed European users that, from June 26, its A.I. services would be trained using their public data.

Segmentation

1. By Type
   1. General Purpose Web Crawler
   2. Focused Web Crawler
   3. Incremental Web Crawler
   4. Deep Web Crawler
2. By Application
   1. Content Scraping
   2. Price Monitoring
   3. Contact Scrapping
3. By Vertical
   1. Retail and E-Commerce
   2. Advertising and Media
   3. Real Estate
   4. Finance
   5. Automotive
   6. Others