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DNA Digital Data Storage Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | Microsoft Corporation, F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Western Digital Corporation
DNA Digital Data Storage Market Characteristics
The Business Research Company offers in-depth market insights through DNA Digital Data Storage Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The dna digital data storage market size has grown exponentially in recent years. It will grow from $0.12 billion in 2023 to $0.2 billion in 2024 at a compound annual growth rate (CAGR) of 65.1%. The growth in the historic period can be attributed to demographic shifts, public health awareness, regulatory frameworks, research and development, prevalence of hearing disorders.
The dna digital data storage market size is expected to see exponential growth in the next few years. It will grow to $1.28 billion in 2028 at a compound annual growth rate (CAGR) of 59.7%. The growth in the forecast period can be attributed to telehealth integration, personalized treatment approaches, wearable health technology, global health initiatives, lifestyle and environmental factors. Major trends in the forecast period include innovative hearing aid technologies, teleaudiology services, preventive hearing healthcare, integration of iot and wearables, regulatory support and standards.
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Market Segmentation:
The dna digital data storage market covered in this report is segmented -
1) By Sequencing: Synthesis, Ion Semiconductor, Chain Termination, Ligation, Nanopore Sequencing
2) By Deployment: Cloud, On-Premise
3) By Application: Diagnostic Research, Personalized Medicine, Other Application
4) By End User: Hospital, Clinics, Pharmaceutical And Biotechnology Companies, Academic And Research Institutes, Other End-Users
Major Driver - Rising Concerns Over Data Security Fueling Growth In DNA Digital Data Storage Market
The increasing demand for data security is expected to propel the growth of the DNA digital data storage market going forward. Data security involves safeguarding digital information from unauthorized access, disclosure, alteration, or destruction. Data security safeguards in DNA digital data storage ensure the protection of genetic information, prevent unauthorized access and enhance the privacy of individuals' genomic data. For instance, in February 2023, according to The Australian Cyber Security Centre, an Australia-based cyber security agency, there was a 13% increase in cybercrime reports, with a total of 76,000 cases received, compared to the previous year. Therefore, the increasing demand for data security is driving the growth of the DNA digital data storage market.
Competitive Landscape:
Major companies operating in the dna digital data storage market report are Microsoft Corporation, F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Western Digital Corporation, Eurofins Scientific SE, Agilent Technologies Inc., llumina Inc., Beckman Coulter Inc., Imec International, GenScript Biotech Corporation, Quantum Corporation, Twist Bioscience Corporation, DNA Script, Codex DNA INC. , Cegat GMBH, Evonetix Ltd., Bio basic Inc., Molecular Assemblies Inc., Iridia Inc., Ansa Biotechnologies Inc., Gatc Biotech AG, SOSV LLC, Bio S&T Inc., Cergentis B.V., DevX, Biomemory SAS, Imagene, Kern Systems
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Top Trend - Introduction of DNA Data Cards for Long-Term Preservation
Major companies operating in the DNA digital data storage market are focusing on developing innovative products such as DNA data cards for improved and more convenient outcomes. DNA data cards are physical storage devices that utilize synthetic DNA strands to store digital data. For instance, in December 2023, Biomemory, a France-based biotechnology company, launched new DNA cards that allow owners to store up to one kilobyte of DNA data on a credit card-sized storage device. These credit card-sized DNA cards have a capacity of one kilobyte of text data each, representing a practical application of molecular computing for storage needs. The DNA Cards are designed for long-term data preservation, with a data integrity guarantee of up to 10,000 years
The Table Of Content For The Market Report Include:
1. Executive Summary
2. DNA Digital Data Storage Market Characteristics
3. DNA Digital Data Storage Market Trends And Strategies
4. DNA Digital Data Storage Market - Macro Economic Scenario
5. DNA Digital Data Storage Market Size And Growth
…..
27. DNA Digital Data Storage Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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