The interest around the disruptive technology of DNA digital data storage continues to build up across the biotechnology industry. Involving the process of DNA synthesis, sequencing, and coding and decoding algorithms, the DNA digital storage technology also involves the packing of the gathered information onto the DNA. The stored information is then archived, and further preserved for hundreds of years. Fairfield Market Research in its latest published report suggests that global DNA digital storage market is likely to reach the valuation of US$60 Mn by 2022 end. The report further projects that the market size is all set to see whopping 60% expansion by 2028 end, surpassing the billion-dollar valuation by 2028 end.
Demand for DNA Digital Storage Technology Upbeat
The advent of DNA storage technology can enable the job of data storage in a highly compact space, which eventually leads to reduced overall cost of maintenance. It would also bypass the challenges typically thrown by the shortage of space. Primary report findings suggest that the competitive pricing will remain a critical factor influencing the DNA digital storage technology uptake. It is most likely that there will be significant growth in demand over the years, costs of storage and sequencing will turn competitive in the next few years. This would further improve adaptability of the DNA digital storage technology, thereby favouring the scope of penetration for the market.
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Collaborative Activities Between Cloud Computing Firms, and Biotech Companies Fuel Market Growth
Given the growing inclination toward this lucrative, and highly competitive data storage market, it is most likely that the new future will witness a growing intensity of activity in the market. One of the most anticipated activities will include the collaborations between cloud computing firms, and DNA sequencing biotech organisations. Recognised companies like Evonetix, Molecular Assemblies, DNA Script, Helixworks, Synthomics, and Kilobaser, as well as a few start-ups have been some of those that have been working in this area. Biotech behemoths like Illumina, and Agilent Technologies have also been exploring opportunities in this realm. An increasing number of partnerships, collaborations, and acquisitions between the two different data storage or cloud computing domains, and DNA sequencing firms is expected to contribute toward the growth of DNA digital storage market.
Dominance of North America Prevails, Europe Follows
North America has been at the forefront and the trend will continue on the back of advent of technology across the region, and the massive fund flow toward research from both government organisations, as well as private players. With the highest and fastest adoption of this data storage technology, the region is likely to remain in the bandwagon of global DNA digital storage market throughout the period of forecast. While Europe will also be another significant market, Asia Pacific is likely to demonstrate gradual growth during the forecast period. The region will have a minimal share in DNA digital storage market as compared to other regions. With gradual demand for coding and encoding, demand for skilled labour is also projected to see an uptick during the forecast period.
Key Competitors in Global DNA Digital Storage Market
The report intends to provide detailed strategic and financial insights into some of the major players driving competition in global DNA digital storage market. A few of the potentially profiled players include Microsoft Corporation, GATC Biotech, Iridia Illumina Inc., Catalog, Agilent Technologies, Eurofins Solutions, Fujitsu (PFU Limited), and Twist Bioscience.
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DNA Digital Data Storage market Overview(2021-2027)This report studies the DNA Digital Data Storage Market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers.
Find the complete DNA Digital Data Storage Market analysis segmented by companies, region, type and applications in the report.The report offers valuable insight into the DNA Digital Data Storage market progress and approaches related to the DNA Digital Data Storage market with an analysis of each region.
The report goes on to talk about the dominant aspects of the market and examine each segment.Click Here To Access The Sample DNA Digital Data Storage Market ReportResearch MethodologyThe various research methodologies such as the Primary research mechanism and secondary research mechanism are considered in the DNA Digital Data Storage market report.
The data that is collected in the market report is provided through these research mechanisms.
The tools such as Porter’s Five Force model is used to perform a quantitative and qualitative analysis of the DNA Digital Data Storage market.
The various historical data along with the future aspects are analyzed to provide information about the overall market size of the DNA Digital Data Storage market at various levels.Research objectives:To study and analyze the global DNA Digital Data Storage market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2027.To understand the structure of DNA Digital Data Storage market by identifying its various sub segments.Focuses on the key global DNA Digital Data Storage players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the DNA Digital Data Storage with respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).To project the size of DNA Digital Data Storage submarkets, with respect to key regions (along with their respective key countries).To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.The report lists the major players in the regions and their respective market share on the basis of global revenue.
In-depth study of the DNA Storage Industry that helps to provide answers and relevant questions regarding the Emerging trends and Growth opportunities.
It helps identify each of the major growth barriers aside from identifying the trends in the DNA Storage market.The DNA Storage Market report offers an in-depth analysis of the Global Market and several important aspects related to it.
This helps researchers in the study of the market’s performance so far and predicting the further performance for the forecasted period.
Various major market aspects such as demand and supply, revenue growth patterns market shares, and market trends are analyzed thoroughly while the drafting of this DNA Storage report.Get Access to Report Sample: https://straitsresearch.com/report/dna-storage-market/request-sampleMajor Key players covered in this report:Illumina, Inc., Thermo Fisher Scientific, Siemens AG, Microsoft,Beckman Coulter, 454 Life Sciences Corporation, Agilent Technologies, Inc., SOSV LLC,Gatc Biotech AG, and Eurofins Scientific,among others.
By Technology, , Sequencing by Synthesis, Ion Semiconductor Sequencing, Chain Termination Sequencing, Sequencing by Ligation, Nanopore Sequencing, By Deployment, , Cloud, On-Premise, By End-User, , Pharmaceutical Companies, Hospitals and Clinics, Academic and Government Research Institutes, Biotechnology CompaniesThe report has been prepared after studying the different parameters ruling the DNA Storage Market and the forecast period has been estimated from 2021-2029.
These factors can be projected to have their individual effects on the market, or they can have interconnected impacts.
