NGS Data Storage Market Top Players - Agilent Technologies, Inc., BGI Group, DNAnexus, Inc, Fabric Genomics, Inc.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global NGS Data Storage Market Size, Share & Trends Analysis Report By Read Length (Short-Read Length, And Long-Read Length), Sourcing Type (In-House NGS Data Storage, And Outsourced NGS Data Storage), Offering (Data Storage Solutions, Data Analysis Services), And Application (Oncology, Infectious Diseases, Rare Diseases, Reproductive Health, Central Nervous System (CNS)), Region, Market Outlook And Industry Analysis 2031"

The NGS Data Storage Market is estimated to reach over 5.08 billion by the year 2031 , exhibiting a CAGR of 17.6% during the forecast period.

Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/1862

Next-generation sequencing (NGS) data is critical for researchers seeking reliable yet user-friendly storage solutions. Sequencing companies are increasingly adopting cloud-based storage options due to their accessibility, scalability, and cost-effectiveness. Leading IT providers such as Amazon Web Services, Google Cloud, and Microsoft Azure offer cloud storage services with flexible pay-as-you-go pricing models, enabling researchers to manage expenses in line with their data storage needs. The growing utilization of NGS tools in research laboratories is expected to drive the expansion of the NGS data storage market. NGS technologies generate vast amounts of data that are stored and analyzed to extract valuable insights. Several companies have developed NGS informatics solutions to support medical and academic research institutions in managing and interpreting this data.

List of Prominent Players in the NGS Data Storage Market:
• Agilent Technologies, Inc.
• BGI Group
• DNAnexus, Inc.
• Fabric Genomics, Inc.
• F. Hoffmann-La Roche Ltd. (Roche Molecular Systems, Inc.)
• Illumina, Inc.
• PerkinElmer Inc.
• PacBio.
• QIAGEN N.V.
• Qumulo, Inc.
• Thermo Fisher Scientific Inc.

Market Dynamics:
Drivers-
The global data storage market is experiencing significant growth, driven by the rapid expansion of digital infrastructure and the increasing adoption of cloud-based services by businesses. As new industries emerge, innovative technologies are being introduced, and existing data storage systems are being enhanced, further propelling market progress. The growing volume of data generated by input-output electronic devices across various applications is contributing to the market's expansion. Additionally, financial institutions are increasingly utilizing data storage solutions to reduce paper usage and promote digitization, which is further fueling market growth. The market is also expected to benefit from the widespread adoption of technologies such as the Internet of Things (IoT) across multiple end-use sectors.

Expert Knowledge, Just a Click Away: https://calendly.com/insightaceanalytic/30min?month=2025-04

Challenges:
A major challenge in the NGS data storage market is the continuous evolution of the software and computational tools used in NGS technologies, particularly in commercial laboratory operations. The NGS bioinformatic pipeline, which involves a set of algorithms used to generate interpretable data, played a crucial role in the research to determine the origins of COVID-19. This technology, widely used in various diagnostic assays during the pandemic, faced the challenge of adapting to frequent changes in software and tools. Key components such as variant annotation, sequence creation, variant identification, assembly, alignment, and visualization are integral to all NGS bioinformatics workflows. The SARS-CoV-2 virus, which underwent multiple mutations during the pandemic, required ongoing monitoring of viral genomes for accurate diagnostic assays. Several commercial and non-commercial kits, some modified with NGS platforms, were developed for amplicon SARS-CoV-2 preparation. To maintain their market position, leading companies in the NGS data storage sector are forming strategic alliances and partnerships to enhance their product offerings and sustain a competitive edge in the global market.

Regional Trends:
In 2022, North America is expected to dominate the global NGS data storage market. The growth of the market in this region is primarily driven by the availability of cloud-based and on-premises software solutions provided by NGS data storage companies, which facilitate the processing and storage of large genomic and NGS datasets with built-in scalability. This growth is further supported by significant investments from the U.S. government in the co-development of targeted therapies and molecular diagnostics, along with the presence of major market players and high healthcare expenditures. The United States is expected to maintain its leadership within the North American region due to these factors.

Recent Developments:
• In February 2023, At the Advances in Genome Biology and Technology (AGBT) 2023 General Meeting in Hollywood, Florida, Twist Bioscience received early access to the Twist enhanced Whole Genome Sequencing (eWGS) solution aimed on non-human genomics applications. With the aid of eWGS, researchers may now combine low-pass whole genome data from a few chosen locations in a method that is both affordable and high throughput.
• In March 2023, 'Connected Insights Software,' a new cloud-based programme from Illumina, Inc., aids in the tertiary analysis of clinical data. Researchers are using the software for tertiary analysis for potential applications in oncology and uncommon disorders.

Unlock Your GTM Strategy: https://www.insightaceanalytic.com/customisation/1862

Segmentation of NGS Data Storage Market-
By Read Length-
• Short-read Length
• Long-read Length
By Sourcing Type
• In-house NGS Data Storage
• Outsourced NGS Data Storage
By Offering-
• Data Storage Solutions
o Cloud-based solution
o On-premises solution
• Data Analysis Services
• Other Offerings
By Application-
• Oncology
• Infectious Diseases
• Rare Diseases
• Reproductive Health
• Central Nervous System (CNS)
• Other Applications
By End-user
• Academic and Research Institutions
• Pharmaceutical and Biotechnology Companies
• Molecular Diagnostic Laboratories
• Other End Users
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/ngs-data-storage-market/1862

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com

This release was published on openPR.