Data hold extreme importance in today’s world. In early 2000’s it was clearly stated that data is the new crude. Newer ways of data storage are being sought each passing day and this is where DNA digital data storage comes into play. Data storage is indeed one of the biggest issue faced by all leading industries presently and by using DNA, this issue can be resolved. DNA digital data storage is majorly the process of encoding and decoding of binary data from DNA strands that are synthesized. Owing to its incredible storage density, the DNA possesses capacity and is being used for various purposes. While the scientists and medical researchers are using DNA to find treatment of many life threatening diseases.
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The overall growth of this planet including economic condition worsened in the times of coronavirus pandemic. Majority of leading industries took a hit due to the pandemic. The growth of the global DNA digital data storage market hindered as most of the research activities across the planet were halted and this damaged the market.
Several factors are contributing to the growth of the global DNA digital data storage market. One of the major factor that drives this market’s growth is massive increase in volume of data challenges that exist in technologies related to storage. By using DNA digital data storage solution, many issues can be resolved. Also, the fact that it provides long-term storage capacity along with long-term durability and stability aids in this market’s growth.
Meanwhile, higher amounts of costs related to synthesis of DNA is playing a top restraining factor in the growth of the global DNA digital data storage market. Though researchers are rampantly trying to bring down the costs associated with this process. On the other hand, rise in the amount of investments towards advancement of DNA storage is the reason why the global DNA digital data storage market is forecasted to witness tremendous growth over the period of next few years.
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Global DNA Digital Data Storage Market Findings:
- In term of revenue, the global DNA digital data storage market was worth US$ 65.67 Million in 2021 and is expected to grow at an exponential CAGR of 47% over the forecast period.
- As the revenue generated by services segment is of recurring nature, it forecasted to make money at the fastest rate for the Global DNA Digital Data Storage Market.
- The DNA sequencing segment will continue to dominate in terms of market.
- The academics & research & development agencies segment will account for maximum amount of revenue generated by thus market.
- The region of Asia Pacific is forecasted to emerge winner in terms of seeing maximum growth for the global DNA digital data storage Market, over the period of forecast. Countries like China and India are rising as pioneers of innovation in the field of technology. This is the reason why this region will dominate.
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Key companies operating in the global DNA digital data storage market are listed below:
- CATALOG
- DNA Script
- Evonetix Ltd
- Ginkgo Bioworks
- Helixworks Technologies, Ltd
- Illumina, Inc.
- Iridia, Inc.
- Moleculr Assemblies
- Twist Bioscience
- Other Market Participants
Global DNA Digital Data Storage Market
By Component
- Hardware
- Solutions
- Services
By Function
- DNA Manufacturing
- DNA Synthesizing
- DNA Sequencing
- Others
By Organization Size
- Small and Medium Organizations
- Large Organizations
By End Use
- Academics & Research & Development Agencies
- Information Technology
- Entertainment
- Healthcare
- Finance
- Government
- Others
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By Region
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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