DNA Digital Data Storage Market worth US$ 1,761.49 million by 2028 at a CAGR of 61.29% - Exclusive Report by The Insight Partners

DNA Digital Data Storage Market: Key Insights

According to our new research study on "DNA Digital Data Storage Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Sequencing, Application, and End User," the market is expected to grow from US$ 57.81 million in 2021 to US$ 1,761.49 million by 2028, it is estimated to grow at a CAGR of 61.29% during 2021-2028. Factors driving the growth of the market are the presence of DNA digital data storage service providers and investments and innovation in DNA data storage.

DNA digital data storage is the method of encoding and decoding binary data to and from synthesized strands of DNA. DNA has garnered interest as a medium for digital information storage due to its high storage density and durability superior to those of existing silicon-based storage media. Moreover, DNA's four-letter nucleotide code provides a suitable coding environment that can be used in the same way that computers and other electrical devices employ binary digital code to represent any letter, digit, or other characters.

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DNA Digital Data Storage Market: Competitive Landscape and Key Developments

Illumina, Inc.; Twist Bioscience; Agilent Technologies, Inc.; Molecular Assemblies; Quantum Corporation; CATALOG; Microsoft Corporation; Iridia, Inc.; DNA Script; and Evonetix; are among the leading companies operating in the DNA Digital Data Storage market.

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Market Insights

Increasing Applications of DNA Data Storage
DNA data storage is gaining popularity among healthcare and associated service providers. Forensics, personalized medicine, diagnostics, and others are a few areas of application of DNA data storage. DNA storage offers long-term data storage compared to the traditional modes of storage. The increasing demand for smaller data space to store larger amounts of data is expected to create opportunities for market players. DNA data storages are used and explored by pharmaceutical companies, research institutes, and security agencies to store maximum data in a smaller space.

There is a significant potential for product innovation and development as DNA storage technology is in the initial phase of development and not yet commercialized on a larger scale. Various companies and research organizations are actively involved in DNA storage development activities. For instance, in August 2021, the University of Washington and Microsoft researchers developed NANOPORE-TAL, which will enable cells to communicate with computers. Moreover, in 2021, Microsoft in joint collaboration with the University of Washington at the Molecular Information Laboratory, worked on a new chip to demonstrate the ability to pack DNA-synthesis spots three orders of magnitude more tightly and demonstrate higher DNA writing throughput. Thus, the rising applications of DNA data storage are expected to create lucrative opportunities for DNA digital data storage market players and other end users in the future.

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