Press release
DNA Digital Data Storage Market Report 2024-2033 - Size, Trends, Outlook, Overview
DNA Digital Data Storage Market
The Business Research Company presents an extensive market research report on the DNA Digital Data Storage Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
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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Key Market Players:
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
Market Drivers:
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.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/dna-digital-data-storage-global-market-report
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
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