Web Scraper Software Market Size

Web Scraper Software Market Growth Projections and Opportunities

The global market for web scraper software is anticipated to witness a Compound Annual Growth Rate (CAGR) of 13.1% from 2020 to 2026. This surge is attributed to heightened demand from retail and e-commerce enterprises, coupled with an increasing necessity for the automation of data extraction processes. The contemporary digital landscape, characterized by an exponential growth in web data, an escalating number of connected devices, and a pervasive use of social media, provides a multitude of sources from which valuable insights can be gleaned. Notably, web data constitutes a significant portion of alternative datasets, fundamentally transforming the decision-making landscape for corporations.
The extraction of this valuable web data, however, is a complex and labor-intensive endeavor. In response, enterprises are investing in various web scraper tools designed to automate the entire web data extraction process. The use cases for web data scraping and extraction solutions are expanding rapidly, leading to a corresponding increase in investments. According to an analysis by MRFR (Market Research Future), the forthcoming years will witness substantial growth in spending and the value extracted from the web using external tools, particularly in domains such as investment decision-making, e-commerce, tourism, research, and media and advertising.

In 2019, the market was valued at USD 402.84 million, and it is projected to reach USD 948.60 million by the end of 2026. The market segmentation by vertical includes retail and e-commerce, advertising and media, real estate, finance, automotive, and others encompassing research, law, and tourism. In 2019, the retail and e-commerce segment dominated with a significant market share of 23.4%, and it is anticipated to exhibit a robust CAGR of 14.0% throughout the forecast period. The advertising and media segment is also poised for growth, expected to achieve a CAGR of 13.0%, reaching a valuation of USD 197.13 million by 2026.

Regionally, North America took the lead in the web scraper software market, accounting for 39.75% of the market share in 2019. However, the Asia-Pacific region is forecasted to experience the highest CAGR of 13.8% during the period from 2020 to 2026. This emphasizes the expanding influence and adoption of web scraper software in diverse geographical regions, indicating a global acknowledgment of the significance of automated web data extraction tools in various industries.