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DNA Data Storage Market worth $5,512.98 million by 2030, growing at a CAGR of 44.02% - Exclusive Report by 360iResearch
DNA Data Storage Market | 360iResearch
The Global DNA Data Storage Market to grow from USD 428.85 million in 2023 to USD 5,512.98 million by 2030, at a CAGR of 44.02%.
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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.
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.
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 Synthetic DNA Storage 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 37.57% in 2023, followed by Europe, Middle East & Africa.
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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.
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
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?
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About 360iResearch
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