Files having extension .BMP represent Bitmap Image files that are used to store bitmap digital images. These images are independent of graphics adapter and are also called device independent bitmap (DIB) file format. This independency serves the purpose of opening the file on multiple platforms such as Microsoft Windows and Mac. The BMP file format can store data as two-dimensional digital images in both monochrome as well as color format with various colour depths.
SVG files are Scalable Vector Graphics Files that use XML based text format for describing the appearance of image. The word Scalable refers to the fact that the SVG can be scaled to different sizes without losing any quality. Text based description of such files make them independent of resolution. It is one of the mostly used format for building website and print graphics in order to achieve scalability.
You can also convert BMP into many other file formats. Please see the complete list below.