Global DNA Data Storage Market is valued at USD 55.94 Million in 2021 and expected to reach USD 1926.7 Million by 2028 with the CAGR of 65.8% over the forecast period.
Global DNA Data Storage Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- Increasing demand for DNA data storage platforms and rising investments in DNA data storage industry by the key players are the major factors driving the growth of Global DNA Data Storage Market.
The process of using DNA molecules as a storage medium is well known as deoxyribonucleic acid (DNA) data storage. In this process, there is encoding and decoding binary data onto and from synthesized strands of DNA. The DNA data is encoded into DNA nucleotide bases (A, C, G, T) and stored and then these strands are converted into binary digits when needed. DNA is very efficient at storing data than any other storage platforms like magnetic hard drive, etc. As DNA can store data far more densely, user could squeeze all the data in the world inside just a few grams of it.
Covid-19 has negatively impacted the global DNA data storage market due to economic downturn which has increased the stress of healthcare system across all around the world’s regions. This has leveraged the adoption of new innovative technologies in which DNA data storage technique is no exception. Also, this DNA data storage technology is still under development stage so obviously its use by general population or organization is difficult. All this suggests that the pandemic has severely impacted the growth of global DNA data storage market.
The global DNA data storage market is segmented into product type, deployment, application, sequencing platform, synthesis platform, end-user and region & country level. On the basis of product type, the market is segmented into commercial, research, and prototyping. On the basis of deployment, the market is segmented into cloud, and on-premise. On the basis of application, the market is segmented into archival, quality control, and research & prototyping. On the basis of synthesis platform, the market is segmented into chemical-column based, chemical-microchip based, and enzymatic. On the basis of end-user, the market is segmented into banking, financial services& insurance, government & defense, healthcare & pharma, media & entertainment, and other.
The regions covered in this Global DNA Data Storage Market report are Asia-Pacific, North America, Europe, and the Rest of the World. Based on a country level, the market of global DNA Data Storage is subdivided into the U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Some of the key players for Global DNA Data Storage Market are such as Thermo Fisher Scientific, Inc., Illumina, Inc., Beckman Coulter, Microsoft, 454 Life Sciences Corporation, Siemens AG, Agilent Technologies, Inc, SOSV LLC, Gatc Biotech AG, Eurofins Scientific and others.
|2018 - 2021
|2021 - 2028
|Market Size in 2021:
|USD 55.94 Million
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 1926.7 Million
|Tables, Charts & Figures:
|DNA Data Storage Comapanies
|Thermo Fisher Scientific, Inc., Illumina, Inc., Beckman Coulter, Microsoft, 454 Life Sciences Corporation, Siemens AG, Agilent Technologies, Inc, SOSV LLC, Gatc Biotech AG, Eurofins Scientific and others.
|By Product Type, By Deployment, By Application, By Sequencing Platform, By Synthesis Platform, By End-User
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
DNA-Based Data Storage Platform Catalog Raised $35M.
On September 30th , 2021; a Boston based startup, Catalog announced that it has announced that it is developing an energy-efficient, cost-competitive and more secure data storage and computation platform by using synthetic DNA. Further the startup added that it has secured a USD 35 million series B round to continue developing its DNA-based data computation tools. The series B round has been led by South Korea’s Hanwha impact and the latest funding will be used to accelerate the development of Catalog’s synthetic DNA powered computing platform which enables data management, computation and automation.
DNA Data Storage Alliance Published First White Paper, Launched Website.
On June 10th, 2021; An organization of more than 25 leading companies DNA Data Storage Alliance, which was formed by Twist Bioscience Corporation, Illumina, Inc., and Western Digital together with Microsoft Research, announced that it has released its first white paper titled “Preserving our Digital Legacy: An Introduction to DNA Data Storage.” This whitepaper was presented on website www.dnastoragealliamce.org” and it presents DNA data storage fundamentals in an accessible way for both technically curious readers and for IT business, computer science or electrical engineering readers interested in the benefits, a technical overview, and the cost of ownership of this potential new storage medium.
Rising demand for DNA based data storage is at forefront of drivers for the growth of DNA data storage market. Currently, the data storage crisis has reached at worst state owing to rise of the internet age and its associated technologies, platforms. Thus, the demand for digital data storage is outpacing the current storage capabilities. For instance; according to International Data Corporation; the global data storage demand will grow to about 175 zettabytes (175 trillion gigabytes) by 2025 which is up from 33 zettabytes now-a-days. Although, nature has provided DNA (deoxyribonucleic acid) as a storage system. Numerous researchers found that DNA is extremely stable molecule that provides ultra-high-density storage for thousands of years. It offers an abundant, sustainable, and stable data storage solution. According to Brandessence Market research analysis, in 1 Kg of DNA, today’s world’s data could theoretically be stored, and it is random access & error-free data storage system. This has increased the demand for DNA data storage.
Likewise, according to the National Academy of Technologies of France, the information density of DNA is 10 million times superior to that of traditional systems. Thus, with its increasing importance the demand for DNA data storage is also increased. So, many synthetic biology companies have increased investments in the field of DNA data storage. For instance; in a research paper published on July 2020 in Proceedings of the National Academy of Sciences, a group at the University of Texas at Austin described a new encoding algorithm for DNA data storage for permitting more efficient and accurate data retrieval. Also in March of 2019, researchers at Microsoft and the University of Washington announced that, company is continuing to push forward with its research on DNA storage. Further added that it has developed the first fully automated system to store and retrieve data in synthetic DNA which acts as a key step in moving the technology out of the research laboratory and into commercial data centers. This is further boosting the growth of global DNA data storage market.
However, the high cost of DNA synthesis may limit the advancement within DNA data storage, which may hamper the growth of the market. In spite of that, new innovations with increasing research & development to support DNA data storage may offer more opportunities for the further growth of the market.
Global DNA Data Storage Market Regional Analysis-
Globally, North America is expected to dominate the growth of DNA data storage market owing to rising research & development activities in the field of DNA data storage by market players in this region. Many companies are focusing on investments in R&D of DNA data storage in this region. For instance; on Iridia Inc., a California based company's CEO has announced that he sees data storage future in synthetic DNA. The idea of synthetic DNA has attracted investor attention, so company has raised about USD 24 million in its series B funding round. Also Catalog DNA has also unveiled that the company is more focused on developing technology to store the archival data by using synthetic DNA. For this company has raised USD 35 Million series B funding. This ongoing research & development into the key players is boosting the growth of the market into the region.
Along with this, Asia Pacific is witnessing high growth in DNA data storage market. This is due to the rising number of small and medium enterprises across various industries in developing countries such as China, Japan, and India which are collaborating to accelerate their global presence & workflows. For instance; on April 5th, 2022, Synthetic biology company DNA Script has announced that it has collaborated with several distributors throughout the Asia Pacific for its enzymatic DNA synthesis benchtop instrument. The distribution deals are with Cold Spring Biotech for mainland China, Hong Kong, and Taiwan; Research Instruments for Singapore; Premas Life Sciences for India; and Bio-Medical Science for South Korea. Under the agreements, the distributors will provide sales and support for DNA Script's Syntax DNA printing system in labs throughout the Asia-Pacific region. Also, the enterprises are seeking to fulfill their need of reliable and secure data storage infrastructure which is further driving the growth of the market in this region.
By Product Type
By Sequencing Platform
By Synthesis Platform
By Product Type
By Sequencing Platform
By Synthesis Platform
We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination interested? please email us firstname.lastname@example.orgJOIN US
BrandEssence® Market Research and Consulting Pvt ltd.
124, City Road, London EC1V 2NX
© Copyright 2024-25 BrandEssence® Market Research and Consulting Pvt ltd. All Rights Reserved | Designed by BrandEssence®