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Data Conversion Services Market By Service Type, By Enterprise Size, By Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 324 Pages
  • October 2022
  • Region: Global
  • Allied Market Research
  • ID: 5725206
Data conversion is the conversion of one data format into another. It is a technical process mostly done by software, although rarely hardware or human intervention is used. The sole purpose of the data conversion is to enable interoperability and to maintain all of the data with embedding as much as information as possible. Data conversion can be simple or complex based on the environment and data formats involved. Data is handled by the operating system and different applications in different manners, and to use the same data for other operating systems or applications, data must be converted.

Furthermore, data conversion is only possible if the target format is able to support the same data features and constructs of the source data. If the format specifications are not known, reverse engineering can be used to convert the data. In most cases, this would only lead to a close approximation of the original specification. In data conversion, information can easily be removed by application or conversion agent. However, adding the information is an uphill task. Data conversion is performed in most cases in a rule-based fashion. The rules can be established by the operating system, application, and programming language or even by the programmer. Successful data conversion helps in the smooth functionality of applications dependent on the concerned data.

The data conversion services market is segmented on the basis of service type, enterprise size, industry vertical, and region. By service type, it is segmented into HTML conversion services, XML conversion services, document conversion services, media format conversion services, SGML conversion services, catalog conversion services, and others. By enterprise size, the market is categorized into large enterprise and SMEs. By industry vertical, the market is categorized into BFSI, IT and telecom, government, manufacturing, retail, healthcare, media and entertainment, and others. By BFSI type, the market is categorized into banking, financial services, and insurance. By manufacturing type, the market is categorized into food and beverages, industrial machinery and heavy equipment, high tech and consumer electronics, automotive, and others. By high tech and consumer electronics type, the market is categorized into consumer electronics, PCs & laptops, and others Region wise, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.

The key players operating in the market include Amazon Web Service (AWS), Attunity, Damco Group, Hitachi, Informatica, International Business Machine (IBM), Invensis Technologies Pvt Ltd., Intel Corporation, Microsoft Corporation, Oracle Corporation, Precisely, Qlik Technologies, SAP SE, SAS Institute, Talend, Tibco Software, Inc., and Vista Equity Partners. Furthermore, it highlights the strategies of the key players to improve the market share and sustain competition.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the data conversion services market analysis from 2021 to 2031 to identify the prevailing data conversion services market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the data conversion services market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global data conversion services market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Service Type

  • HTML Conversion Services
  • XML Conversion Services
  • Document Conversion Services
  • Media Format Conversion Services
  • SGML Conversion Services
  • Catalog Conversion Services
  • Others

By Enterprise Size

  • Large Enterprises
  • SMEs

By Industry Vertical

  • BFSI
  • BFSI Type
  • Banking
  • Financial Services
  • Insurance
  • IT and Telecom
  • Government
  • Manufacturing
  • Manufacturing Type
  • Food and Beverages
  • Industrial Machinery and Heavy Equipment
  • High Tech and Consumer Electronics
  • Automotive
  • Others
  • Retail
  • Healthcare
  • Media and Entertainment
  • Others

By Region

  • North America
  • U. S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest Of Europe
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest Of Asia-Pacific
  • LAMEA
  • Brazil
  • Mexico
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest Of LAMEA

Key Market Players

  • Oracle Corporation
  • Microsoft Corporation
  • Amazon Web Services
  • IBM CORPORATION
  • SAS Institute
  • SAP SE
  • Informatica
  • Talend S. A.
  • Attunity Inc.
  • TIBCO Software Inc.
  • Invensis Technologies Pvt Ltd
  • Syncsort
  • Damco Solutions
  • Qlik Technologies
  • Vista Equity Partners
  • Intel Corporation
  • Hitachi, Ltd

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: DATA CONVERSION SERVICES MARKET, BY SERVICE TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 HTML Conversion Services
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 XML Conversion Services
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Document Conversion Services
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Media Format Conversion Services
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 SGML Conversion Services
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
4.7 Catalog Conversion Services
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market analysis by country
4.8 Others
4.8.1 Key market trends, growth factors and opportunities
4.8.2 Market size and forecast, by region
4.8.3 Market analysis by country

CHAPTER 5: DATA CONVERSION SERVICES MARKET, BY ENTERPRISE SIZE
5.1 Overview
5.1.1 Market size and forecast
5.2 Large Enterprises
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 SMEs
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country

CHAPTER 6: DATA CONVERSION SERVICES MARKET, BY INDUSTRY VERTICAL
6.1 Overview
6.1.1 Market size and forecast
6.2 BFSI
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.2.4 BFSI Data Conversion Services Market by BFSI Type
6.2.4.1 Banking Market size and forecast, by region
6.2.4.2 Banking Market size and forecast, by country
6.2.4.3 Financial Services Market size and forecast, by region
6.2.4.4 Financial Services Market size and forecast, by country
6.2.4.5 Insurance Market size and forecast, by region
6.2.4.6 Insurance Market size and forecast, by country
6.3 IT and Telecom
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Government
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Manufacturing
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.5.4 Manufacturing Data Conversion Services Market by Manufacturing Type
6.5.4.1 Food and Beverages Market size and forecast, by region
6.5.4.2 Food and Beverages Market size and forecast, by country
6.5.4.3 Industrial Machinery and Heavy Equipment Market size and forecast, by region
6.5.4.4 Industrial Machinery and Heavy Equipment Market size and forecast, by country
6.5.4.5 High Tech and Consumer Electronics Market size and forecast, by region
6.5.4.6 High Tech and Consumer Electronics Market size and forecast, by country
6.5.4.7 Automotive Market size and forecast, by region
6.5.4.8 Automotive Market size and forecast, by country
6.5.4.9 Others Market size and forecast, by region
6.5.4.10 Others Market size and forecast, by country
6.6 Retail
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country
6.7 Healthcare
6.7.1 Key market trends, growth factors and opportunities
6.7.2 Market size and forecast, by region
6.7.3 Market analysis by country
6.8 Media and Entertainment
6.8.1 Key market trends, growth factors and opportunities
6.8.2 Market size and forecast, by region
6.8.3 Market analysis by country
6.9 Others
6.9.1 Key market trends, growth factors and opportunities
6.9.2 Market size and forecast, by region
6.9.3 Market analysis by country

CHAPTER 7: DATA CONVERSION SERVICES MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Service Type
7.2.3 North America Market size and forecast, by Enterprise Size
7.2.4 North America Market size and forecast, by Industry Vertical
7.2.4.1 North America BFSI Data Conversion Services Market by BFSI Type
7.2.4.2 North America Manufacturing Data Conversion Services Market by Manufacturing Type
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by Service Type
7.2.5.1.2 Market size and forecast, by Enterprise Size
7.2.5.1.3 Market size and forecast, by Industry Vertical
7.2.5.1.3.1 U. S. BFSI Data Conversion Services Market by BFSI Type
7.2.5.1.3.2 U. S. Manufacturing Data Conversion Services Market by Manufacturing Type
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Service Type
7.2.5.2.2 Market size and forecast, by Enterprise Size
7.2.5.2.3 Market size and forecast, by Industry Vertical
7.2.5.2.3.1 Canada BFSI Data Conversion Services Market by BFSI Type
7.2.5.2.3.2 Canada Manufacturing Data Conversion Services Market by Manufacturing Type
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Service Type
7.3.3 Europe Market size and forecast, by Enterprise Size
7.3.4 Europe Market size and forecast, by Industry Vertical
7.3.4.1 Europe BFSI Data Conversion Services Market by BFSI Type
7.3.4.2 Europe Manufacturing Data Conversion Services Market by Manufacturing Type
7.3.5 Europe Market size and forecast, by country
7.3.5.1 UK
7.3.5.1.1 Market size and forecast, by Service Type
7.3.5.1.2 Market size and forecast, by Enterprise Size
7.3.5.1.3 Market size and forecast, by Industry Vertical
7.3.5.1.3.1 UK BFSI Data Conversion Services Market by BFSI Type
7.3.5.1.3.2 UK Manufacturing Data Conversion Services Market by Manufacturing Type
7.3.5.2 Germany
7.3.5.2.1 Market size and forecast, by Service Type
7.3.5.2.2 Market size and forecast, by Enterprise Size
7.3.5.2.3 Market size and forecast, by Industry Vertical
7.3.5.2.3.1 Germany BFSI Data Conversion Services Market by BFSI Type
7.3.5.2.3.2 Germany Manufacturing Data Conversion Services Market by Manufacturing Type
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Service Type
7.3.5.3.2 Market size and forecast, by Enterprise Size
7.3.5.3.3 Market size and forecast, by Industry Vertical
7.3.5.3.3.1 France BFSI Data Conversion Services Market by BFSI Type
7.3.5.3.3.2 France Manufacturing Data Conversion Services Market by Manufacturing Type
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Service Type
7.3.5.4.2 Market size and forecast, by Enterprise Size
7.3.5.4.3 Market size and forecast, by Industry Vertical
7.3.5.4.3.1 Italy BFSI Data Conversion Services Market by BFSI Type
7.3.5.4.3.2 Italy Manufacturing Data Conversion Services Market by Manufacturing Type
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Service Type
7.3.5.5.2 Market size and forecast, by Enterprise Size
7.3.5.5.3 Market size and forecast, by Industry Vertical
7.3.5.5.3.1 Spain BFSI Data Conversion Services Market by BFSI Type
7.3.5.5.3.2 Spain Manufacturing Data Conversion Services Market by Manufacturing Type
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Service Type
7.3.5.6.2 Market size and forecast, by Enterprise Size
7.3.5.6.3 Market size and forecast, by Industry Vertical
7.3.5.6.3.1 Rest of Europe BFSI Data Conversion Services Market by BFSI Type
7.3.5.6.3.2 Rest of Europe Manufacturing Data Conversion Services Market by Manufacturing Type
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Service Type
7.4.3 Asia-Pacific Market size and forecast, by Enterprise Size
7.4.4 Asia-Pacific Market size and forecast, by Industry Vertical
7.4.4.1 Asia-Pacific BFSI Data Conversion Services Market by BFSI Type
7.4.4.2 Asia-Pacific Manufacturing Data Conversion Services Market by Manufacturing Type
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Service Type
7.4.5.1.2 Market size and forecast, by Enterprise Size
7.4.5.1.3 Market size and forecast, by Industry Vertical
7.4.5.1.3.1 China BFSI Data Conversion Services Market by BFSI Type
7.4.5.1.3.2 China Manufacturing Data Conversion Services Market by Manufacturing Type
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Service Type
7.4.5.2.2 Market size and forecast, by Enterprise Size
7.4.5.2.3 Market size and forecast, by Industry Vertical
7.4.5.2.3.1 Japan BFSI Data Conversion Services Market by BFSI Type
7.4.5.2.3.2 Japan Manufacturing Data Conversion Services Market by Manufacturing Type
7.4.5.3 South Korea
7.4.5.3.1 Market size and forecast, by Service Type
7.4.5.3.2 Market size and forecast, by Enterprise Size
7.4.5.3.3 Market size and forecast, by Industry Vertical
7.4.5.3.3.1 South Korea BFSI Data Conversion Services Market by BFSI Type
7.4.5.3.3.2 South Korea Manufacturing Data Conversion Services Market by Manufacturing Type
7.4.5.4 India
7.4.5.4.1 Market size and forecast, by Service Type
7.4.5.4.2 Market size and forecast, by Enterprise Size
7.4.5.4.3 Market size and forecast, by Industry Vertical
7.4.5.4.3.1 India BFSI Data Conversion Services Market by BFSI Type
7.4.5.4.3.2 India Manufacturing Data Conversion Services Market by Manufacturing Type
7.4.5.5 Australia
7.4.5.5.1 Market size and forecast, by Service Type
7.4.5.5.2 Market size and forecast, by Enterprise Size
7.4.5.5.3 Market size and forecast, by Industry Vertical
7.4.5.5.3.1 Australia BFSI Data Conversion Services Market by BFSI Type
7.4.5.5.3.2 Australia Manufacturing Data Conversion Services Market by Manufacturing Type
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Service Type
7.4.5.6.2 Market size and forecast, by Enterprise Size
7.4.5.6.3 Market size and forecast, by Industry Vertical
7.4.5.6.3.1 Rest of Asia-Pacific BFSI Data Conversion Services Market by BFSI Type
7.4.5.6.3.2 Rest of Asia-Pacific Manufacturing Data Conversion Services Market by Manufacturing Type
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Service Type
7.5.3 LAMEA Market size and forecast, by Enterprise Size
7.5.4 LAMEA Market size and forecast, by Industry Vertical
7.5.4.1 LAMEA BFSI Data Conversion Services Market by BFSI Type
7.5.4.2 LAMEA Manufacturing Data Conversion Services Market by Manufacturing Type
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Service Type
7.5.5.1.2 Market size and forecast, by Enterprise Size
7.5.5.1.3 Market size and forecast, by Industry Vertical
7.5.5.1.3.1 Brazil BFSI Data Conversion Services Market by BFSI Type
7.5.5.1.3.2 Brazil Manufacturing Data Conversion Services Market by Manufacturing Type
7.5.5.2 Mexico
7.5.5.2.1 Market size and forecast, by Service Type
7.5.5.2.2 Market size and forecast, by Enterprise Size
7.5.5.2.3 Market size and forecast, by Industry Vertical
7.5.5.2.3.1 Mexico BFSI Data Conversion Services Market by BFSI Type
7.5.5.2.3.2 Mexico Manufacturing Data Conversion Services Market by Manufacturing Type
7.5.5.3 UAE
7.5.5.3.1 Market size and forecast, by Service Type
7.5.5.3.2 Market size and forecast, by Enterprise Size
7.5.5.3.3 Market size and forecast, by Industry Vertical
7.5.5.3.3.1 UAE BFSI Data Conversion Services Market by BFSI Type
7.5.5.3.3.2 UAE Manufacturing Data Conversion Services Market by Manufacturing Type
7.5.5.4 Saudi Arabia
7.5.5.4.1 Market size and forecast, by Service Type
7.5.5.4.2 Market size and forecast, by Enterprise Size
7.5.5.4.3 Market size and forecast, by Industry Vertical
7.5.5.4.3.1 Saudi Arabia BFSI Data Conversion Services Market by BFSI Type
7.5.5.4.3.2 Saudi Arabia Manufacturing Data Conversion Services Market by Manufacturing Type
7.5.5.5 South Africa
7.5.5.5.1 Market size and forecast, by Service Type
7.5.5.5.2 Market size and forecast, by Enterprise Size
7.5.5.5.3 Market size and forecast, by Industry Vertical
7.5.5.5.3.1 South Africa BFSI Data Conversion Services Market by BFSI Type
7.5.5.5.3.2 South Africa Manufacturing Data Conversion Services Market by Manufacturing Type
7.5.5.6 Rest of LAMEA
7.5.5.6.1 Market size and forecast, by Service Type
7.5.5.6.2 Market size and forecast, by Enterprise Size
7.5.5.6.3 Market size and forecast, by Industry Vertical
7.5.5.6.3.1 Rest of LAMEA BFSI Data Conversion Services Market by BFSI Type
7.5.5.6.3.2 Rest of LAMEA Manufacturing Data Conversion Services Market by Manufacturing Type

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 Oracle Corporation
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Microsoft Corporation
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Amazon Web Services
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 IBM CORPORATION
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 SAS Institute
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 SAP SE
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Informatica
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Talend S. A.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Attunity Inc.
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 TIBCO Software Inc.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 Invensis Technologies Pvt Ltd
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 Syncsort
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 Damco Solutions
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
9.14 Qlik Technologies
9.14.1 Company overview
9.14.2 Company snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Business performance
9.14.6 Key strategic moves and developments
9.15 Vista Equity Partners
9.15.1 Company overview
9.15.2 Company snapshot
9.15.3 Operating business segments
9.15.4 Product portfolio
9.15.5 Business performance
9.15.6 Key strategic moves and developments
9.16 Intel Corporation
9.16.1 Company overview
9.16.2 Company snapshot
9.16.3 Operating business segments
9.16.4 Product portfolio
9.16.5 Business performance
9.16.6 Key strategic moves and developments
9.17 Hitachi,Ltd
9.17.1 Company overview
9.17.2 Company snapshot
9.17.3 Operating business segments
9.17.4 Product portfolio
9.17.5 Business performance
9.17.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Data Conversion Services Market,' the data conversion services market size was valued at $39.8 billion in 2021, and is estimated to reach $566 billion by 2031, growing at a CAGR of 30.6% from 2022 to 2031.

The purpose of data conversion services is to maintain information in an easy-to-use format. Different end-use industries such as BFSI, Healthcare and retail uses data conversion services to increase business efficiency. In addition, increase in data transparency of enterprises to utilize growth in streams of data from various sources in innovative ways and adoption of modern business intelligence tools by enterprises for which data conversion is critical, are expected to fuel the growth of the data conversion services market.

Furthermore, the need for low-latency, real-time view and analytics on operational data, rising volume of data within enterprise is boosting the growth of the global data conversion services market. In addition, business automation is positively impacts growth of the data conversion service market. However, lack of understanding of source data is hampering the data conversion service market growth. On the contrary, continued shift to the cloud is expected to offer remunerative opportunities for expansion during the data conversion services market forecast.

Depending on service type, the HTML Conversion Services segment is dominating the market and is expected to do so in the forecast period. As, HTML conversion services help organizations in streamlining their document management pipeline. It offers professional HTML to XML conversion, XML file to HTML conversion, PSD to HTML conversion, image to HTML conversion, HTML File to PDF conversion, PDF to HTML conversion services, and more. It gives the client broad control over how a template interprets a source document and converts it to HTML.

Depending on North America is anticipated to account for the largest data conversion services market share during the forecast period, owing to presence of a substantial industrial base in the U.S., government initiatives to promote innovation, and large purchasing power. The growth is primarily concentrated in the U.S. Companies that use big data software frequently use print management systems to cut costs, improve industry vertical, and boost worker productivity.

However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to growing economies such as India and China and cloud native countries like Japan.

The current estimation of 2031 is projected to be higher than pre-COVID-19 estimates. The COVID-19 outbreak has high impact on the growth of data conversion services market, as increasing number of smartphone users, growing adoption of connected devices, and surging e-commerce sector provide lucrative opportunities for the growth of the data conversion services market. COVID has caused crises in social, economic, and energy areas and medical life worldwide throughout 2020. This crisis had many direct and indirect effects on all areas of society. In the meantime, the digital and artificial intelligence industry can be used as a professional assistant to manage and control the outbreak of the virus. In post-pandemic circumstances, enterprises strived to minimize operational and running costs around all the business functions to recover the losses incurred in COVID times. The data warehousing market is anticipated to recover the loss incurred and gain profit by the third quarter of 2022. In addition, while estimating the market size, the report considers the impact of COVID-19 on each country, and the estimated numbers are completely dependent on the current ongoing situation of COVID-19 in each country. However, there is still no clarity on the deeper impact that the pandemic is projected to have across businesses, industrial sectors, and organizations due to factors such as continuous increase in number of COVID-19 cases and changes in lockdown period.

KEY FINDINGS OF THE STUDY

By service type, the HTML conversion services segment dominated the data conversion service market in 2021. However, the catalog conversion services segment is expected to exhibit significant growth during the forecast period.

On the basis of end-user, the BFSI segment dominated the data conversion service market in 2021.However, the healthcare segment is expected to witness the highest growth rate during the forecast period.

Region-wise, the Data Conversion Services Market Analysis was dominated by North America in 2021. However, Asia-Pacific is expected to witness significant growth in the coming years.

This report gives an in-depth profile of some key market players in the data conversion services industry include Amazon Web Service (AWS), Attunity, Damco Group, Hitachi, Informatica, International Business Machine (IBM), Invensis Technologies Pvt Ltd., Intel Corporation, Microsoft Corporation, Oracle Corporation, Precisely, Qlik Technologies, SAP SE, SAS Institute, Talend, Tibco Software, Inc., and Vista Equity Partners. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which propel growth of the data conversion services industry globally.

Companies Mentioned

  • Oracle Corporation
  • Microsoft Corporation
  • Amazon Web Services
  • IBM Corporation
  • Sas Institute
  • SAP SE
  • Informatica
  • Talend SA
  • Attunity Inc.
  • Tibco Software Inc.
  • Invensis Technologies Pvt Ltd.
  • Syncsort
  • Damco Solutions
  • Qlik Technologies
  • Vista Equity Partners
  • Intel Corporation
  • Hitachi,Ltd

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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