DNA Data Storage Market – Exclusive Report by 360iResearch
The Global DNA Data Storage Market to grow from USD 300.93 million in 2022 to USD 5,512.98 million by 2030, at a CAGR of 43.83%.
PUNE, MAHARASHTRA, INDIA , December 8, 2023 /EINPresswire.com/ — The “DNA Data Storage Market by Storage Methodology (Reading and Writing Techniques, Synthetic DNA Storage), Application (Archival Storage, Big Data Storage, Secure Data Storage), End-Use Industry – Global Forecast 2023-2030″ report has been added to 360iResearch.com’s offering.
The Global DNA Data Storage Market to grow from USD 300.93 million in 2022 to USD 5,512.98 million by 2030, at a CAGR of 43.83%.
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DNA data storage emerges as one of the futuristic technologies categorized by the process of storing digital data in the synthetic DNA used in genetics. It is capable of storing data with minimal space utilization, where information can later be retrieved using next-generation sequencers and bioinformatics. DNA data storage has far-reaching applications across various industries such as healthcare, IT & telecom, media & entertainment, and more due to its unique advantages over conventional data storage methodologies. It is highly appealing for long-term data archiving, while the compactness of DNA allows for extensive data storage in limited physical space. The rise in demand for high-density data storage and the growth in digital data are expanding the scope of DNA data storage. Furthermore, growing interest from researchers, investors, and businesses worldwide makes its purpose more widespread. However, the high costs associated with DNA synthesis and the need for advanced technologies are the barriers to market growth. Innovation and research focused on developing cost-efficient synthesis techniques and faster data encoding and decoding methodologies are expected to create an opportunistic landscape for the market.
Application: Increasing application of secure data storage to prevent hacking, virus dissemination, or data corruption
Due to its inherent durability and compactness, DNA-based storage systems exhibit incredible potential for applications within the archival storage field. They provide resilient, long-term storage facilities known to maintain integrity for thousands of years without electricity, mitigating data degradation issues. This is a powerful solution for preserving historical, legal, or financial records that need to be retained over long periods, making it ideal for institutions such as national archives, museums, and libraries. DNA data storage technology, therefore, revolutionizes the archival routine by offering real advantages of endurance and space economy. In an era characterized by exponential data generation, DNA data storage emerges as a potential game-changer for big data storage. It offers superior storage density, with the capability of storing millions of gigabytes in a fraction of the physical space traditional units would require. Thus, it is particularly appealing to sectors heavily reliant on abundant data including science laboratories, multinational companies, governmental organizations, and research institutions. Adopting this cutting-edge technology would drastically reduce the spatial footprint of data centers while allowing for considerable cost savings on infrastructure and energy consumption. Given its inherent complexity, DNA data storage also boasts the capacity for unparalleled data security. Perfectly encoded data within the DNA strands is remarkably resistant to cyber threats such as hacking, virus dissemination, or data corruption, making it significantly harder for unauthorized access. Moreover, replication of the stored data can serve as a powerful backup strategy against data loss. This high level of inherent security can greatly benefit sectors such as banking and finance, healthcare, defense, and governmental institutions where the security and confidentiality of data are paramount.
End-Use Industry: Increasing demand for secure data storage in banking and finance, healthcare, defense, and governmental institutions
The Government and Defense industries are intricately connected with DNA data storage, as this robust medium offers unparalleled security and long-term maintenance. DNA data storage is an evolving field that promises resilience, longevity, and massive capacity far surpassing conventional storage solutions. It is increasingly being favored by government and defense agencies, given its ability to store vital national security information and classified military data that can’t afford to be lost or hacked. DNA data storage is an up-and-coming area of focus for the healthcare & life sciences sector, especially in genomics research and personalized medicine. Storing enormous amounts of health-related data in DNA offers better privacy, improved interoperability, and markedly lower costs. The Information Technology (IT) sector stands to realize immense potential from DNA data storage, primarily due to its compactness and longevity. This method can store huge amounts of data in a relatively small physical space, opening up new directions for applications in cloud computing and data centers.
Storage Methodology: Proliferation of synthetic DNA storage owing to its longer stable properties
Since the inception of DNA data storage, a myriad of reading and writing techniques have evolved. In a broad sense, writing data involves the conversion of binary data into DNA sequences and then synthesizing these sequences using laboratory equipment. Reading involves sequencing the DNA and then using algorithms to convert it back to binary form. Modern DNA writing techniques primarily use common oligonucleotide synthesizers, which create synthetic DNA by assembling nucleotides in the desired sequence. Synthetic DNA storage involves the use of artificial DNA crafted in the lab, as opposed to being sourced from living beings. This type of DNA is notable for its property to remain stable and readable for thousands of years under the right conditions.
Regional Insights:
In the Americas region, the U.S. depicts strong growth for the DNA data storage market in the face of innovation and adoption, with several major companies and research institutions getting involved in this emergent field. Increasing investment from tech giants leading to patent filing is increasing the application in the region. The EMEA region is witnessing growth in the DNA data storage market primarily due to substantial research and development activities in genomics and proteomics. Europe significantly contributes with its strong biomedical research environment & in MEA, the digitalization trend and emphasis on data security amidst geopolitical tensions is fostering the demand for innovative data storage solutions such as DNA storage. Furthermore, increasing investments by the European Union and private enterprises for technological advancements in data storage are paving the way for growth in this niche market. DNA data storage market in the Asia Pacific region is gradually picking up pace in the face of significant investments from major economies, considering biotechnologies and substantial progress in research to attract a sizable consumer base. Further, thriving IT and biotechnology sectors in the region are expected to create an opportunistic landscape for the market.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the DNA Data Storage Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the DNA Data Storage Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the DNA Data Storage Market, highlighting leading vendors and their innovative profiles. These include Agilent Technologies, Inc, Beckman Coulter, Inc., BGI Group, Cache DNA Inc, Catalog Technologies, Inc., DNA Script, Eurofins Scientific SE, Evonetix Ltd, F. HOFFMANN-LA ROCHE LTD., Genomic Storage Solutions, Helixworks Technologies, Ltd., Illumina, Inc., Iridia, Inc., Kilobaser GmbH., Micron Technology, Inc., Microsoft Corporation, Molecular Assemblies Inc., Oxford Nanopore Technologies plc, Quantum Corporation, Seagate Technology Holdings plc, Siemens AG, Synbio Technologies, Thermo Fisher Scientific Inc., Twist Bioscience Corporation, and Zymo Research Corporation.
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Market Segmentation & Coverage:
This research report categorizes the DNA Data Storage Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Storage Methodology, market is studied across Reading and Writing Techniques and Synthetic DNA Storage. The Reading and Writing Techniques is projected to witness significant market share during forecast period.
Based on Application, market is studied across Archival Storage, Big Data Storage, and Secure Data Storage. The Big Data Storage is projected to witness significant market share during forecast period.
Based on End-Use Industry, market is studied across Government and Defense, Healthcare & Life Sciences, and Information Technology. The Healthcare & Life Sciences is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.01% in 2022, followed by Europe, Middle East & Africa.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. DNA Data Storage Market, by Storage Methodology
7. DNA Data Storage Market, by Application
8. DNA Data Storage Market, by End-Use Industry
9. Americas DNA Data Storage Market
10. Asia-Pacific DNA Data Storage Market
11. Europe, Middle East & Africa DNA Data Storage Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the DNA Data Storage Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the DNA Data Storage Market?
3. What is the competitive strategic window for opportunities in the DNA Data Storage Market?
4. What are the technology trends and regulatory frameworks in the DNA Data Storage Market?
5. What is the market share of the leading vendors in the DNA Data Storage Market?
6. What modes and strategic moves are considered suitable for entering the DNA Data Storage Market?
Mr. Ketan Rohom
360iResearch
+1 530-264-8485
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