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The DNA data storage market is estimated to be worth around $17 million and is expected to grow at a CAGR of 28% during the forecast period. The ongoing technological advancements, rising popularity of social media, use of virtual platforms in the ongoing COVID-19 pandemic and digitalization of the various aspects in the modern world have led to the generation of colossal amount of digital data. In fact, the amount of digital data being produced has grown exponentially over the last few years and is likely to witness significant rise in the future as well. The reliable and secure storage and accessibility of such voluminous data require the solutions that are cost effective and have high storage capacity. Currently, various silicon-based technologies and solutions are being used to store the data, which is already outpacing the world’s available storage capacity. In order to deal with the capacity crunch, scientific community came up with the idea of leveraging the potential of genetic material, DNA digital data storage. DNA, which consists of long chains of nucleotides can act as a stable medium of storing massive data. Owing to its high density and extended biological life, a number of companies are exploring the potential of DNA as a sustainable option for DNA digital data storage. In fact, in October 2020, several computing and biotech firms came together to form a coalition, called DNA Data Storage Alliance, with an aim to create and promote an interoperable storage ecosystem with manufactured DNA as a data storage medium.
DNA offers a reliable DNA digital data storage solution with abundant capacity, which is way higher than other existing storage mediums. Notably, it is claimed that all of the world’s data today could theoretically be stored in 1 kg of DNA. Moreover, DNA offers compelling advantages over silicon-based technologies, which facilitate the commercial usage of DNA as an effective data storage medium, especially when DNA synthesizing technology becomes cost-effective. Presently, close to 30 dna data storage companies claim to be actively providing technologies and services for DNA based data storage. In the recent past, various stakeholders in DNA data storage market have forged strategic alliances and / or acquired other players. Given the advantages of employing DNA digital data storage medium and the ongoing advancements in DNA synthesis methods, we are led to believe that DNA data storge market likely to witness substantial market growth during the forecast period.
Examples of key DNA data storage companies engaged in DNA data storage market (which have also been profiled in this market report; the complete list of companies is available in the full report) include Agilent Technologies, ATUM, Codex DNA, Gattaca Technologies, GenScript, Illumina, Imagene, Oxford Nanopore Technologies and Synbio Technologies. This DNA data storage market report includes an easily searchable excel database of all the DNA data storage companies, worldwide.
Several recent developments have taken place in the field of DNA data storage market. We have outlined some of these recent initiatives below. These developments, even if they took place post the release of our market report, substantiate the overall market trends that have been outlined in our analysis.
The “DNA Data Storage Market by Steps Involved in DNA Data Storage Process (coding and DNA writing (DNA synthesis), DNA storage and retrieval and DNA reading (DNA sequencing) and Key Geographical Regions (North America, Europe, Asia-Pacific, Latin America, MENA (Middle East and North Africa) and rest of the world): Industry Trends and Global Forecasts, 2021–2035” market report features an extensive study on the current market landscape, market size, market forecast and future opportunities for DNA data storage market during the forecast period. The market research report presents an in-depth analysis of DNA data storage companies.
Amongst other elements, the market research report includes:
One of the key objectives of this market report is to provide a detailed market forecast analysis in order to estimate the existing market size and future opportunity of the DNA data storage market, during the forecast period. We have provided an informed estimate on the likely evolution of the market in the short to mid-term and long term, for the forecast period 2021-2035. The market report features the likely distribution of the current and forecasted opportunity across [A] steps involved in DNA data storage process (coding and DNA writing (DNA synthesis), DNA storage and retrieval and DNA reading (DNA sequencing) and [B] key geographical regions (North America, Europe, Asia-Pacific, Latin America, MENA (Middle East and North Africa) and rest of the world). In order to account for future uncertainties and to add robustness to our model, we have provided three market forecast scenarios, namely conservative, base and optimistic scenarios, representing different tracks of the anticipated industry’s growth. The opinions and insights presented in the market report were also influenced by discussions held with senior stakeholders in the industry.
All actual figures have been sourced and analyzed from publicly available information forums and primary research discussions. Financial figures mentioned in this market report are in USD, unless otherwise specified.