DNA Digital Data Storage Global Market Report 2024

The DNA digital data storage market size has grown exponentially in recent years. It will grow from $0.12 billion in 2023 to $0.2 billion in 2024 at a compound annual growth rate (CAGR) of 65.1%. The growth observed during the historical period can be attributed to several factors, including demographic shifts, increased public health awareness, regulatory frameworks, investments in research and development, and the prevalence of hearing disorders.

The DNA digital data storage market size is expected to see exponential growth in the next few years. It will grow to $1.28 billion in 2028 at a compound annual growth rate (CAGR) of 59.7%. The anticipated growth in the upcoming period can be attributed to several factors, including the integration of telehealth services, personalized treatment approaches, the adoption of wearable health technology, global health initiatives aimed at improving hearing health, and the impact of lifestyle and environmental factors on hearing health. Major trends expected in the forecast period encompass innovative hearing aid technologies, the expansion of teleaudiology services, a focus on preventive hearing healthcare measures, the integration of Internet of Things (IoT) and wearable devices in hearing health management, as well as regulatory support and the establishment of standards to ensure quality care in this field.

The growing need for data security is poised to drive the expansion of the DNA digital data storage market in the future. Data security involves protecting digital information from unauthorized access, alteration, or destruction, and in DNA digital data storage, it ensures the safeguarding of genetic information and enhances the privacy of individuals' genomic data. For example, The Australian Cyber Security Centre reported a 13% increase in cybercrime reports in February 2023, highlighting the escalating demand for data security measures to combat such threats. Consequently, the rising demand for data security is fueling the growth of the DNA digital data storage market.

Key players in the DNA digital data storage market are directing their efforts towards creating innovative solutions such as DNA data cards to deliver enhanced and more convenient outcomes. DNA data cards, physical storage devices that utilize synthetic DNA strands, offer a unique approach to storing digital data securely. For instance, Biomemory, a biotechnology company based in France, introduced new DNA cards capable of storing up to one kilobyte of DNA data on a credit card-sized storage device. These DNA cards ensure long-term data preservation, with a data integrity guarantee of up to 10,000 years, providing a practical solution for storage needs.

In September 2022, Catalog, a DNA computing company in the United States, forged a partnership with Seagate Technology Holding plc, a data storage company. This collaboration aims to advance DNA storage and computation technologies by leveraging Seagate's electronic chips and harnessing the unique properties of DNA. By automating the DNA-based storage platform, the partnership addresses the growing data challenge and disrupts the economics of data storage. Seagate Technology Holding plc, headquartered in Ireland, brings its expertise in technology to drive innovation in DNA storage solutions.

Major companies operating in the DNA digital data storage market report are Microsoft Corporation, F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Western Digital Corporation, Eurofins Scientific SE, Agilent Technologies Inc., llumina Inc., Beckman Coulter Inc., Imec International, GenScript Biotech Corporation, Quantum Corporation, Twist Bioscience Corporation, DNA Script, Codex DNA INC. , Cegat GMBH, Evonetix Ltd., Bio basic Inc., Molecular Assemblies Inc., Iridia Inc., Ansa Biotechnologies Inc., Gatc Biotech AG, SOSV LLC, Bio S&T Inc., Cergentis B.V., DevX, Biomemory SAS, Imagene, Kern Systems.

Asia-Pacific was the largest region in the DNA digital data storage market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the DNA digital data storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the DNA digital data storage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The DNA digital data storage market consists of revenues earned by entities by providing services such as encoding data into DNA, synthesis of DNA strands, storage, and retrieval, security, and verification. The market value includes the value of related goods sold by the service provider or included within the service offering. The DNA digital data storage market also includes sales of DNA synthesis platforms, DNA storage kits, DNA storage devices, and DNA reading and decoding. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

DNA digital data storage refers to the utilization of DNA molecules as a medium for storing digital information. DNA, which serves as the carrier of genetic instructions in living organisms, can be digitally encoded to store non-biological data. It has the capacity to store vast amounts of information, equivalent to billions of gigabytes of traditional digital storage. One notable advantage of DNA storage is its energy efficiency, as the stored information remains intact without requiring a constant power source.

The main components of graphics processing units (GPUs) include hardware, software, and services. Hardware encompasses the physical components of a computer system, including the GPU itself, which is a specialized electrical circuit designed to rapidly operate and modify memory to accelerate the generation of images in a frame buffer for display. GPUs are deployed in both on-premises and cloud environments across various industry verticals, including electronics, information technology and telecommunications, defense and intelligence, media and entertainment, automotive, and other sectors.

The graphics processing unit research report is one of a series of new reports that provides graphics processing unit market statistics, including the graphics processing unit industry's global market size, regional shares, competitors with a graphics processing unit market share, detailed graphics processing unit market segments, market trends and opportunities, and any further data you may need to thrive in the graphics processing unit industry. This graphics processing unit market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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