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DNA Data Storage Market Trends

Report ID: GMI7884
Published Date: Jan 2024
Report Format: PDF

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DNA Data Storage Market Trends

Advancements in DNA synthesis and sequencing technologies are the key trends. Continuous improvements in the efficiency and cost-effectiveness of these processes contribute to making DNA data storage more practical and accessible. There has been a surge in R&D activities focused on improving the capabilities of DNA data storage.

Many academic institutions, biotechnology companies, and tech giants have been investing in exploring and refining the underlying technologies. Researchers are actively working on enhancing the data density of DNA storage, making it more scalable and competitive compared to traditional storage methods. Improving the storage capacity of DNA and addressing scalability challenges are the key areas of focus.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of DNA data storage reached USD 70 million in 2023 and is set to witness 80% CAGR between 2024 and 2032, owing to growing R&D investments and initiatives aimed at addressing the scalability challenges of DNA data storage.

The cloud segment dominated the global market with a share of over 60% in 2023, as these platforms provide scalability and flexibility, catering to different storage needs of users.

Asia Pacific market is expected to observe over 85% CAGR during 2024 to 2032, as the region has invested significantly in R&D, along with a surge in data generation across various industries.

Illumina, Inc., Microsoft, Twist Bioscience, Catalog, Thermo Fisher Scientific, Inc., Micron Technology, Inc., and Helixworks Technologies, Ltd.