DNA Data Storage Market Size, Share & Analysis

Updated on : Sep 12, 2024

DNA Data Storage Market Size

[163 Pages Report] The DNA Data storage market is projected to grow from USD 76 million in 2024 and is expected to reach USD 3348 million by 2030, growing at a CAGR of 87.7% from 2024 to 2030. The demand for data storage is growing exponentially, driven by the increasing digitization of businesses and societies. DNA data storage has the potential to meet this demand by offering a high-density, durable, and secure way to store data. DNA is incredibly dense, meaning that it can store a lot of data in a small space. Additionally, DNA is very durable and can last for thousands of years. This makes DNA ideal for long-term archival storage of critical data.

The objective of the report is to define, describe, and forecast the DNA data storage market based on type, technology, end user, and region.

DNA Data Storage Market Growth

DNA Data Storage Market Forecast to 2030

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DNA data storage market Trends & Dynamics

Drivers: Increasing demand for data storage

The global demand for data storage is growing exponentially, driven by the increasing digitization of businesses and societies. Traditional data storage technologies, such as hard drives and magnetic tapes, are not able to keep up with the growing demand for data storage. DNA data storage has the potential to meet this demand by offering a high-density, durable, and secure way to store data. DNA is incredibly dense, meaning that it can store a lot of data in a small space. Additionally, DNA is very durable and can last for thousands of years. This makes DNA ideal for long-term archival storage of critical data. DNA data storage has the potential to revolutionize the way we store data by offering a high-density, durable, and secure way to store large amounts of data for long periods of time.

Higher establishment cost

The cost of DNA synthesis and sequencing is still high, which makes DNA data storage unaffordable for many businesses and organizations. The cost of raw materials used in DNA synthesis and sequencing (such as DNA nucleotides and enzymes), and the equipment used in DNA synthesis and sequencing are quite expensive. Moreover, the complexity of the process of DNA synthesis and sequencing are complex processes and require skilled personnel. Overall, the DNA data storage market is still in its early stages of development, and there are not yet economies of scale in DNA synthesis and sequencing. Hence, the high cost of DNA data storage is a major barrier to its adoption. However, the cost of DNA synthesis and sequencing is expected to decline in the coming years as the technology matures and economies of scale are achieved.

Opportunity: Adoption of DNA data storage solutions for artificial intelligence (AI) and machine learning (ML) applications

DNA data storage is a new and emerging technology, and there are several new applications that are expected to emerge. For example, DNA data storage could be used to store data for artificial intelligence (AI) and machine learning (ML) applications. DNA data storage could also be used to store data for blockchain applications. DNA is incredibly dense and can store a lot of data in a small space. This is ideal for AI applications, which often require the storage of large amounts of data. DNA data is very difficult to hack or tamper with. This makes it ideal for storing sensitive AI data, such as training data and model parameters.

Challenge: Standardization and Interoperability of DNA Data Storage Market

Establishing industry standards and protocols for DNA data storage is quite essential. Standardization will facilitate interoperability between different DNA storage systems and ensure seamless integration with existing technologies, making it easier for businesses and researchers to adopt DNA data storage solutions.

Businesses and research institutions often need to integrate new technologies, such as DNA data storage, with their existing data management systems. Lack of standardization makes it challenging to seamlessly integrate DNA storage solutions with traditional electronic storage systems, databases, and analytical tools.

DNA data storage Map/Ecosystem:

Market for cloud-based DNA data storage is expected to have largest market share during the forecast period.

 Once the DNA data storage solutions commercialize initially it would be very expensive for majority of the end users to deploy it at their premises. Thereby it is expected that in the initial stage of adoption end users will mostly rely on cloud data storage providers for accessing DNA data storage facility. Additionally, cloud-based DNA data storage is expected to be highly scalable, meaning that it can be easily scaled up or down to meet the needs of the user. This is important for businesses and organizations that have large amounts of data to store and need to be able to quickly access and share that data. Moreover, Cloud-based DNA data storage will be accessible from anywhere with an internet connection. This makes it ideal for businesses and organizations with multiple locations or remote employees.

Market for Government segment in the DNA data storage market to have a significant growth during the forecast period.

The Government segment in the DNA data storage market is expected to have a significant market size during the forecast period. Government agencies often deal with historical documents, manuscripts, and records of significant cultural and historical importance. DNA data storage offers a stable and compact solution for archiving these documents, ensuring their preservation for future generations. Court records, legislative documents, and legal archives require long-term storage. DNA data storage provides a reliable method for securely preserving these records, protecting their integrity over time.

Healthcare and biotechnology segment is expected to hold the largest share of the DNA data storage market during the forecast period

Pharmaceutical companies, engaged in vast genomic studies, drug discovery, and clinical trials, are expected to leverage DNA data storage to efficiently manage the enormous volumes of genetic and compound data generated daily. By securely archiving extensive genomic datasets, including genetic mutations and biomarker information, pharmaceutical firms are enhancing their understanding of diseases and optimizing drug development processes. Moreover, DNA data storage aids in the meticulous cataloguing of compound libraries, ensuring rapid retrieval of critical information during drug screening and development phases.

DNA data storage market in the Asia Pacific estimated to grow at the fastest rate during the forecast period.

The DNA data storage market in the Asia Pacific has been studied for China, Japan, South Korea, and the Rest of Asia Pacific. Asia Pacific is expected to hold the largest market share of the DNA data storage market during the forecast period. The growth of the DNA data storage market in this region is primarily attributed by the growth of the healthcare sector in the Asia Pacific region which is creating several opportunities for the DNA data storage market. For example, DNA data storage can be used to store and process a variety of healthcare data, including genomic data, medical records, and clinical trial data.

DNA Data Storage Market by Region

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Top Companies DNA data storage - Key Market Players

Major vendors in the DNA data storage companies include Illumina, Inc. (US), Microsoft (US), Iridia, Inc. (US), Twist Bioscience (US), Catalog (US), Thermo Fisher Scientific Inc.  (US), Micron Technology, Inc. (US) Helixworks Technologies Ltd (Ireland), Agilent Technologies, Inc. (US), Beckman Coulter (US), Eurofins Scientific (Luxembourg), and Siemens (Germany).

Scope of the DNA data storage Market Report

DNA Data Storage Market Highlights

This research report categorizes the DNA data storage market based on type, technology, end user and region.

Recent Developments

• In September 2023 , Thermo Fisher Scientific Inc. announced the acquisition of CorEvitas, LLC (US) which facilitate the expansion of clinical research business with highly complementary real-world evidence solutions, which is an increasingly important area and will help to enhance cost of drug development for Thermo Fisher Scientific Inc.
• In September 2022, Catalog (US) announced a collaboration with Seagate Technology LLC (Ireland). The collaboration of Catalog and Seagate Technology LLC focused on developing several initiatives to advance scalable and automated DNA-based storage and computation platforms, including making DNA-based platforms up to 1000 times smaller. The collaboration will center using Seagate's “lab on a chip” technology to reduce the volume of chemistry required for DNA-based storage and computation. This research will provide valuable insights into possibilities for the next generation of DNA-based storage and computation platforms in various form factors, including desktop and IoT-sized versions.

Critical Questions Answered by this Report :

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