DNA Data Storage Market Size

DNA Data Storage Market Size

DNA Data Storage Market size was valued at USD 70 million in 2023 and is estimated to register a CAGR of over 80% between 2024 and 2032. Growing R&D investments and initiatives are driving the market growth. R&D efforts are aimed at addressing the scalability challenges of DNA data storage. By developing methods to increase the storage capacity and reduce the physical footprint required for DNA data storage systems, researchers can make this technology more practical for large-scale applications, contributing to market size.

To get key market trends

  Download Free Sample

For instance, in September 2022, Catalog, a startup based in Boston, U.S., collaborated with Seagate Technology to advance its automated DNA storage & computation platform. Through this collaboration, the two firms aspire to create the next generation of DNA-based computing and storage platforms, which will be up to 1,000 times smaller, less expensive, and require less energy. The partnership focused on automating the platform that uses synthetic DNA to store digital data with the help of Seagate’s specially designed electronic chips.

DNA data storage is a revolutionary method encoding digital information into the sequence or structure of DNA molecules. Leveraging the four nucleotide bases, it offers high-density, stable data storage with potential applications in genomics, information technology, and archival storage, promising long-term preservation, and efficient retrieval of vast datasets.

The read & write speeds of DNA data storage are comparatively slower than those of traditional electronic storage systems. Many applications and industries require real-time access to data, such as financial transactions, online services, and scientific simulations. The slowness of the read & write function of DNA data storage may make it unsuitable for these time-sensitive applications. Moreover, the delay in retrieving information from DNA storage can be a critical limitation. In scenarios where quick access to data is essential, the relatively slow read speeds can hinder the overall system performance.