DNA-based Data Storage Platform Market

DNA-based Data Storage Platform Market - Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031

DNA-based Data Storage Platform Market Segmented By Cloud-based, On-premises and Integration & Implementation, Consulting Services, Support & Maintenance Solution

DNA-based Data Storage Platform Market Introduction

DNA-based data storage is the process of encoding and decoding information related to DNA from synthesized strands of DNA. DNA-based storage offers long life as the DNA is placed in cold, dry and dark condition and DNA-based storage system are compact than magnetic tape or hard drive storage system.

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DNA-based Data Storage Platform Market Forecast and CAGR

According to latest research, DNA-based Data Storage Platform market is estimated to grow with a expected CAGR of 25%. The DNA-based Data Storage Platform market is witnessing growth during the years, owing to increasing demand for data storage.

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Increasing Demand for DNA Computing Driving the Growth of DNA-based Data Storage Platform

Due to limitations in electronic computer the era of DNA computing has started. The main limitation identified in big data storage is the volume of data that can be stored in electronic computer and the speed thresholds that can be reached and governed by physical characteristics of computer.

DNA computing helps in addressing the big data storage limitation by solving computational problems engaging molecule manipulations while discovering natural computational models leading to big data analytics and storage in DNA.

DNA Computing consumes billion time less energy than electronic computers and also the storage space that is needed to store information in DNA is trillion times less than that of the electronic computers.

As million and trillions of molecules perform chemical reaction parallelly DNA computing offer parallelism at a high level, thereby increasing demand for DNA computing is driving the growth of DNA-based data storage platform.

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What is Driving Demand for DNA-based Data Storage Platform?

The demand for digital data storage is increasing and current technologies are insufficient to address the challenge of data storage and due to this the demand is increasing for DNA-based data storage. DNA offers sustainable, abundant and stable data storage solution.

DNA is scalable, error free and random access data storage system. As the data storage crisis worsens in the coming years, DNA based data storage will gain traction to store huge amount of data.

Storing data in DNA has benefits like storage density and stability and over storage in traditional media. Traditional data storage forms like flash drive, HDD, magnetic tapes have limited term usage as they degrade over time but DNA is extremely stable molecule with half-life of over 500 years.

As compared to traditional data storage DNA based storage is abundant and scalable. However, the demand for DNA-based storage platform is increasing as DNA-based data storage is gaining attraction by the companies for storing huge amount of data. 

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North America DNA-based Data Storage Platform Demand Outlook

North America region is estimated to have largest market share in 2020 owing to the large volume of data generated by several industries and the increasing need for secure and economic solutions for storing data. Moreover, the DNA-based data storage has high presence in the region and it is driving the growth of DNA-based data storage platform in the region.

North America, being the early adopter of advanced data storage technologies led to an increasing demand for reliable, cost efficient and secure storage infrastructure. However, due to this reason the demand for DNA-based data storage platform is increasing in the region.

East Asia DNA-based Data Storage Platform Market Outlook

East Asia region is estimated to witness high growth during the coming years owing to increasing number of small and medium enterprises across various industries in the countries like China and Japan. As the number of enterprises are increasing the need for reliable and secure data storage infrastructure is increasing in the region.

Also, growing digitalization and increase in volume of unstructured data by various industries is creating opportunities for DNA based data storage platform players in the region.

Who are the Key Providers of DNA-based Data Storage Platform?

Some of the leading DNA-based Data Storage Platform providers include

  • Thermo Fisher Scientific Inc
  • Beckman Coulter
  • 454 Life Sciences Corporation
  • Siemens AG
  • SOSV LLC
  • Eurofins Scientific
  • Gatc Biotech AG
  • Illumina Inc
  • Agilent Technologies Inc
  • Microsoft
  • Catalog
  • Among others.

These vendors are adopting different strategies for enhancing the customer base and their product offering locally and globally. Companies are also investing millions of dollars into research and development activities to fulfill the unmet needs of their customers.

Furthermore, many companies are focusing on inorganic strategies by acquiring small and mid-sized organizations present in this market.  

Key Segments

By Solution

  • DNA-based Data Storage Software
    • Cloud-based
    • On-premises
  • Services
    • Integration & Implementation
    • Consulting Services
    • Support & Maintenance

By Industry

By Region

  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Benelux
    • Russia
    • Rest of Europe
  • East Asia
    • China
    • Japan
    • South Korea
  • South Asia & Pacific
    • India
    • Malaysia
    • Indonesia
    • Singapore
    • Australia & New Zealand
    • Rest of South Asia & Pacific
  • Middle East & Africa
    • GCC Countries
    • Turkey
    • South Africa
    • North Africa
    • Rest of Middle East & Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

DNA-based Data Storage Platform Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

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