Research Nester published a report titled “DNA Digital Data Storage Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global DNA digital data storage market in terms of market segmentation by sequencing, application, deployment, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global DNA digital data storage market is expected to garner a large revenue by growing at a robust CAGR throughout the forecast period, i.e. 2021 – 2029, owing to the benefits of DNA data storage such as long term stability, storage volume expansion and high replication efficiency. Furthermore, growing investments of organization for enhancing data storage capacity is also estimated to fuel the expansion of market in the coming years.
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The market is segmented by sequencing, application and deployment. On the basis of application, the quality control segment is anticipated to gather the largest share during the forecast period in view of increasing implementation of DNA based storage for stenography and stenography. Additionally, the archival segment is expected to grow at the fastest rate in view of the increasing global demand for archival data storage and high density of DNA utilized storage.
Regionally, the global DNA digital data storage market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. North America is expected to witness the highest growth in the market during the forecast period, which can be attributed to the growing awareness about DNA data storage, development of sophisticated next generation technologies and government initiatives to promote end-to-end data storage systems in the region.
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Growing Need to Enhance Data Storage Capacity to Expand Market
The amount of data created, copied and consumed in the world has foreseen a notable hike since the last few years and is estimated to increase even more rapidly in the years to come. In addition, the data storage requirements are observing an annual increase by more than 38%. To meet the data storage needs, there is a high demand for advanced data storage systems, which in turn is projected to boost the market growth in the near future.
However, high cost and lack of random access ability of DNA storage is expected to operate as key restraint to the growth of the DNA digital data storage market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global DNA digital data storage market which includes company profiling of Illumina, Inc. (NASDAQ: ILMN), Microsoft Corporation (NASDAQ: MSFT), Thermo Fisher Scientific, Inc. (NYSE: TMO), Siemens AG (ETR: SIE), Beckman Coulter, Inc., F. Hoffmann-La Roche Ltd (SWX: RO), Agilent Technologies, Inc. (NYSE: A), Gatc Biotech AG, SOSV LLC, Eurofins Scientific (EPA: ERF), and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the DNA digital data storage market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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