Dublin, June 06, 2023 (GLOBE NEWSWIRE) -- The "Global DNA Digital Data Storage Market Outlook to 2035" report has been added to ResearchAndMarkets.com's offering.
The global DNA digital data storage market is anticipated to grow with a CAGR of around 64.4% over the forecast period, i.e., 2022 - 2035. The market is estimated to garner a revenue of near to USD 60,170.0 million by the end of 2035, up from a revenue of about USD 96.0 million in the year 2022.
Factors such as increasing applications of DNA data storage, followed by the rising investment to enhance data storage capacity are projected to drive the growth of the market in the coming years. Additionally, the world's storage capacity is now unable to keep up with the demand for data storage.
A reliable, resource-efficient, energy-efficient, and environmentally friendly data storage solution is provided by the DNA. According to International Data Corporation, the need for data storage will reach around 9 zettabytes (ZB) by 2025 which are also expected to boost the market growth.
The global DNA digital data storage market is segmented into numerous segments, which include segmentation by sequencing, application, deployment, and by region. By sequencing, the market is segmented into synthesis, ion semiconductor, chain termination, ligation, and nanopore sequencing.
By the end of 2035, the synthesis segment is anticipated to garner the largest revenue of around USD 36,130.0 million, up from a revenue of close to USD 55.0 million in the year 2022.
Growing demand from the research industry, and growing success in next-generation sequencing are the major factors that are anticipated to increase the growth of the segment in the market. Moreover, it is one of the most frequently utilized procedures that allows the scientists to sequence large amounts of data in parallel and with high sensitivity using this type of sequencing. Therefore, it is predicted to expand the segment's growth in the upcoming years.
The market in North America, amongst the market in all the other regions, is anticipated to garner the largest revenue of more than USD 32,010.0 million by the end of 2035. Moreover, in the year 2022, the market in the region generated a revenue of over USD 45.0 million.
The market's expansion can be largely attributed to rising consumer awareness of DNA data storage systems, expanding research and development into sophisticated next-generation IT technologies, government initiatives to support end-to-end DNA data storage systems, and the dominating presence of industry players in the area. In addition, the demand for new products and launches is further expected to expand the growth of the market in the region.
Some of the prominent industry leaders featured
- Illumina Inc.
- Microsoft Corporation
- Ansa Biotechnologies Inc.
- Catalog Technologies Inc.
- Western Digital Corporation
- Quantum Corporation
- Iridia Inc.
- GenScript Biotech Corporation
Key Topics Covered:
1. An Outline of the DNA Digital Data Storage Market
2. Assumptions and Abbreviations
3. Research Methodology & Approach
4. Summary of the Report for Key Decision Makers
5. Forces of the Market Constituents
5.1. Factors/Drivers Impacting the Growth of the Market
5.2. Market Trends for Better Business Practices
6. Key Market Opportunities for Business Growth
6.1. Based on the sequencing
6.2. Based on the application
6.3. Based on the deployment
6.4. Based on the geographical presence
7. Major Roadblocks for the Market Growth
8. Decarbonization Strategy and Carbon Credit Benefits for Market Players
8.1. Global Government Decarbonization Plans/Goals by Each Country under 2015 Agreement Agreed by 200 Countries
8.2. Measures taken by Countries to Reduce Carbon Footprints
8.3. Carbon Credits and Subsidy Plans/Benefits Rolled out by the Government for Market Players
8.4. Effective Ways to Harness Carbon-Credits and Impact on Profit Margins
8.5. Demand Impact on the Companies Opting for Carbon Credit
9. Government Regulations
10. Industry Risk Analysis
10.1. Demand Risk Analysis
10.2. Supply Risk Analysis
11. Global Economic Outlook: Challenges for Global Recovery and its Impact on Global DNA Digital Data Storage Market
11.1. Ukraine- Russia Crisis
11.2. Potential US Economic Slowdown
12. Analysis on Recent Developments in DNA Digital Data Storage Market
12.1. High-speed microchip by Georgia Tech Research Institute (GTRI)
12.2. Molecular-level similarity search brings computing to DNA data storage
12.3. Scaling up DNA storage by efficiently predicting DNA hybridization using deep learning
12.4. Others
13. Industry Supply Chain Analysis
14. Investment Analysis
15. End User Analysis
16. Product Key Feature Analysis
17. Competitive Positioning: Strategies to Differentiate a Company from its Competitors
18. Competitive Model: A Detailed Inside View for Investors
18.1. Market share of major companies profiled, 2022
18.2. Business Profiles of Key Enterprises
19. Global DNA Digital Data Storage Market Outlook & Projections, Opportunity Assessment, 2022 to 2035
19.1. Market Overview
19.2. Market Revenue by Value (USD million) and Compound Annual Growth Rate (CAGR)
19.3. Global DNA Digital Data Storage Market Outlook & Projections, Opportunity Assessment by Segment
19.3.1. By Sequencing
19.3.1.1. Synthesis, Market Value (USD million), CAGR, 2022-2035F
19.3.1.2. Ion Semiconductor, Market Value (USD million), CAGR, 2022-2035F
19.3.1.3. Chain Termination, Market Value (USD million), CAGR, 2022-2035F
19.3.1.4. Ligation, Market Value (USD million), CAGR, 2022-2035F
19.3.1.5. Nanopore Sequencing, Market Value (USD million), CAGR, 2022-2035F
19.3.2. By Application
19.3.2.1. Quality Control, Market Value (USD million), CAGR, 2022-2035F
19.3.2.2. Archival, Market Value (USD million), CAGR, 2022-2035F
19.3.2.3. Research & Prototyping, Market Value (USD million), CAGR, 2022-2035F
19.3.3. By Deployment
19.3.3.1. Cloud, Market Value (USD million), CAGR, 2022-2035F
19.3.3.2. On-premise, Market Value (USD million), CAGR, 2022-2035F
19.3.4. By Geography
19.3.4.1. Market Overview
19.3.4.2. Market Revenue by Value (USD million) and Compound Annual Growth Rate (CAGR)
19.3.4.2.1. North America, Market Value (USD million), CAGR, 2022-2035
19.3.4.2.2. Europe, Market Value (USD million), CAGR, 2022-2035F
19.3.4.2.3. Asia Pacific, Market Value (USD million), CAGR, 2022-2035F
19.3.4.3. Latin America, Market Value (USD million), CAGR, 2022-2035F
19.3.4.4. Middle East & Africa, Market Value (USD million), CAGR, 2022-2035F
20. Cross Analysis of Application w.r.t. Deployment (USD Million), 2022
For more information about this report visit https://www.researchandmarkets.com/r/kbgdda
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