According to Future Market Insights, the AI-driven web scraping market has grown significantly, reaching a value of US$ 306.1 million in 2018. The demand for AI-powered web scraping increased by 12.7% in 2022 compared to the previous year. Forecasts for 2023 show that the world market is expected to grow to a whopping US$ 638.5 million.
With a cumulative annual growth rate (CAGR) of 17.8%, AI-driven web scraping solutions are predicted to continue to rise between 2023 and 2033. The market is expected to grow to a remarkable US$ 3,295.0 million by the conclusion of this projected period.
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Key Takeaways
- The global AI-driven web scraping market reached US$ 306.1 million in 2018, and it is expected to surge to US$ 638.5 million in 2023, with a CAGR of 17.8% from 2023 to 2033.
- AI-driven web scraping employs AI technologies like NLP, computer vision, and machine learning to enhance data extraction from websites, forums, and blogs.
- North America leads the market, while Asia-Pacific is witnessing significant growth, driven by the tech industry and the demand for data-driven insights.
- Data privacy, legality concerns, and adapting to evolving web content are key challenges in this market.
Drivers and Opportunities
AI-driven web scraping represents a pivotal advancement in the field of data extraction from websites, forums, and blogs. By integrating artificial intelligence (AI) technologies and sophisticated algorithms, this process elevates data extraction to new heights of efficiency, precision, and adaptability. The utilization of various AI technologies, such as natural language processing (NLP), computer vision, and machine learning, equips AI-driven models to comprehend the intricacies of web content, ensuring the precise extraction of relevant data.
Competitive Landscape – Regional Trends
The AI-driven web scraping market is experiencing robust competition globally, as organizations recognize the value of efficient data extraction. While North America currently leads the market, other regions are catching up rapidly. Asia-Pacific, in particular, is witnessing substantial growth due to its burgeoning tech industry and increasing demand for data-driven insights. Europe is also a significant player in this evolving landscape, with companies investing heavily in AI-driven web scraping solutions.
Restraints
Despite its immense potential, the AI-driven web scraping market faces challenges, such as concerns related to data privacy and legality. Striking the right balance between data extraction and respecting the rights of website owners and users remains a critical issue. Additionally, the ever-evolving landscape of web content presents a continuous challenge in adapting AI-driven scraping methods to maintain accuracy and relevance.
Region-wise Insights – Category-wise Insights
Regionally, North America maintains its dominant position in the AI-driven web scraping market, driven by the adoption of cutting-edge technologies and a thriving startup ecosystem. Asia-Pacific is experiencing rapid growth, fueled by the expanding e-commerce industry and the need for market intelligence. In Europe, regulatory developments are shaping the market, with a focus on compliance and ethical data extraction practices.
In terms of categories, e-commerce and market research are the primary sectors leveraging AI-driven web scraping. E-commerce companies use it to monitor competitors’ pricing and product listings, while market research firms rely on it to gather consumer sentiment and industry trends.
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Segmentation Analysis of the AI-driven Web Scraping Market
By Scraping Type:
- Static Web Scraping
- Dynamic Web Scraping
- API Scraping
- Image and Text Recognition
By Subscription Model:
- Paid Services
- Free Services
By Industry:
- IT & Telecommunication
- BFSI
- E-commerce
- Healthcare
- Retail & Consumer Goods
- Energy & Utilities
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- Middle East & Africa
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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