Data conversion services are the services which enable conversion of computer data from one format to another. For instance, conversion of a text file from one character encoding system to another. It also enables more complex conversions from one database type or vendor to another, for example, Microsoft SQL Server to Oracle.
Global Data Conversion Services Market – Dynamics
Rising Volume of Data within Enterprises
Volume of data across enterprises around the globe is increasing exponentially. The major reason for the increasing volume of data is rising number of connected devices and strong adoption of IoT technology. Demand for tools which can manage multiple data is increasing, with the rising digitization, specifically in the Asia Pacific region.
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Integration Issue of High Technology Equipment with Traditional Equipment
Data conversion equipment need to be integrated with the compatible device which has the capability of functioning with high-end devices. In Asian regions, the systems which are being used are still traditional in nature which reduces the demand for data conversion services, as replacing the old system with this technology may slow down the productivity for some time.
North America to Dominate the Global Data Conversion Services Market
In terms of region, the global data conversion services market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the data conversion services market during the forecast period due to strong adoption of data management tools by small & medium enterprises within this region.
COVID-19 Impact on the Global Data Conversion Services Market
The COVID-19 pandemic is expected to moderately impact the global data conversion services market for a short-term period. There has been a huge increase in the volume of data generated within this time period and it is expected that the data conversion services market will bounce back at a strong rate with the normalization of the environment.
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Global Data Conversion Services Market – Competition Landscape
- In July 2020, Court Square Group and Data Conversion Laboratory (DCL) signed a partnership to cater to global life sciences organizations. The partnership will help clinical and drug development processes by providing content management and content structure solutions.
Data Conversion Laboratory (DCL)
Incorporated in 1981, Data Conversion Laboratory (DCL) is a major provider of data and content transformation services and solutions. The company helps businesses organize and structure data and content for modern technologies and platforms by integrating artificial intelligence, including machine learning and natural language processing.
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