DNA Digital Storage Market Growth Prediction, Investment Opportunity, Product Type and Forecast 2027 | Agilent Technologies, GATC Biotech, Eurofins Solutions, Twist Bioscience

The interest around the disruptive technology of DNA digital data storage continues to build up across the biotechnology industry. Involving the process of DNA synthesis, sequencing, and coding and decoding algorithms, the DNA digital storage technology also involves the packing of the gathered information onto the DNA.

The stored information is then archived, and further preserved for hundreds of years. Fairfield Market Research in its latest published report suggests that global DNA digital storage market is likely to reach the valuation of US$60 Mn by 2022 end. The report further projects that the market size is all set to see whopping 60% expansion by 2028 end, surpassing the billion-dollar valuation by 2028 end.

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Demand for DNA Digital Storage Technology Upbeat

The advent of DNA storage technology can enable the job of data storage in a highly compact space, which eventually leads to reduced overall cost of maintenance. It would also bypass the challenges typically thrown by the shortage of space. Primary report findings suggest that the competitive pricing will remain a critical factor influencing the DNA digital storage technology uptake. It is most likely that there will be significant growth in demand over the years, costs of storage and sequencing will turn competitive in the next few years. This would further improve adaptability of the DNA digital storage technology, thereby favouring the scope of penetration for the market.

Global DNA digital storage market is segmented as below:

By Sequencing Technology
• Sequencing by Synthesis
• Ion Semiconductor Sequencing
• Nanopore Sequencing
• Other (Sanger Sequencing)

By Application
• Quality Control
• Archival
• Research & Prototyping
• Others

By Deployment
• Cloud
• On-Premises

By Region
• North America
• Europe
• Asia Pacific
• LAMEA

Collaborative Activities Between Cloud Computing Firms, and Biotech Companies Fuel Market Growth

Given the growing inclination toward this lucrative, and highly competitive data storage market, it is most likely that the new future will witness a growing intensity of activity in the market. One of the most anticipated activities will include the collaborations between cloud computing firms, and DNA sequencing biotech organisations. Recognised companies like Evonetix, Molecular Assemblies, DNA Script, Helixworks, Synthomics, and Kilobaser, as well as a few start-ups have been some of those that have been working in this area. Biotech behemoths like Illumina, and Agilent Technologies have also been exploring opportunities in this realm. An increasing number of partnerships, collaborations, and acquisitions between the two different data storage or cloud computing domains, and DNA sequencing firms is expected to contribute toward the growth of DNA digital storage market.

Dominance of North America Prevails, Europe Follows

North America has been at the forefront and the trend will continue on the back of advent of technology across the region, and the massive fund flow toward research from both government organisations, as well as private players. With the highest and fastest adoption of this data storage technology, the region is likely to remain in the bandwagon of global DNA digital storage market throughout the period of forecast. While Europe will also be another significant market, Asia Pacific is likely to demonstrate gradual growth during the forecast period. The region will have a minimal share in DNA digital storage market as compared to other regions. With gradual demand for coding and encoding, demand for skilled labour is also projected to see an uptick during the forecast period.

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Key Competitors in Global DNA Digital Storage Market

The report intends to provide detailed strategic and financial insights into some of the major players driving competition in global DNA digital storage market. A few of the potentially profiled players include Microsoft Corporation, GATC Biotech, Iridia Illumina Inc., Catalog, Agilent Technologies, Eurofins Solutions, Fujitsu (PFU Limited), and Twist Bioscience.

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