DNA Digital Storage Market

Adoption of DNA Digital Storage Technology All Set for a Stupendous Hike

The disruptive technology of digital data storage on DNA has touted the attention of the biotechnology industry. DNA data storage involves the process of DNA synthesis, DNA sequencing, followed by coding and decoding algorithms, and then packing this information onto the DNA. This information is stored and can be archived and preserved for hundreds of years. Global DNA digital storage market has been projected to reach the valuation of US$60 Mn in 2022. Fairfield Market Research expects the global DNA digital storage market size to reach US$1,800Mn by 2028 end, exhibiting a whopping 60% CAGR during 2022 – 2028.

High Maintenance Cost, Captivating Market Players to Adopt DNA Digital Storage Systems

The major advantage of data storage on a DNA platform is it permits the storage of massive and unimaginable data in an extremely small and compact space. This is expected to help data storage companies significantly, as many of them struggle and face issues with space and high maintenance. Moreover, digital storage platforms are more susceptible to decay and degradation. Companies providing data storage services have to store their data on the cloud for which mammoth data centers and servers are required. Maintenance of such big data centers costs companies billions of dollars. With the advent of DNA storage, data storage can be made possible in a highly compact space, thereby reducing the overall cost of maintenance and shortage of space.

Collaborations From Cloud Computing Firms and Biotech Firms to Drive Market Growth

With positive results of ongoing research, and the growing popularity of DNA digital data storage, many firms are keen on adopting the collaborative strategy to grab this opportunity in this highly competitive, and lucrative data storage market. There have been growing collaborations witnessed between cloud computing firms and DNA sequencing biotech organizations. The prominent new players participating in this study on global DNA digital storage market include companies like Molecular Assemblies, Evonetix, DNA Script, Kilobaser, Helixworks, and Synthomics. These are some of the start-ups that are currently working on DNA data storage.

Large biotech firms like Agilent Technologies, and Illumina are also exploring their opportunities in this segment. To be a leading participant, both organic and inorganic strategies are being adopted. For instance, in 2021, PFU America (a Fujitsu company), and a market leader in document imaging announced a collaboration with DNA Data Storage Alliance, directed by Twist Bioscience Corporation, Illumina Inc., Western Digital, and Microsoft. The company has been supporting and promoting digital transformation worldwide. Thus, growing collaborations, acquisitions, and partnerships from two different domains of data storage/ cloud computing, and DNA sequencing firms are expected to offer a new dimension to DNA digital storage market.

Competitive Pricing - An Important Factor Pushing Uptake of DNA Digital Storage Market

Currently, about 60% of the data generated is stored on extremely less cost storage devices such as HDD (hard disk drive), magnetic strips with a particular optic disc storage support. Most of this data is rarely retrieved or required for rework as the data stored on such platforms is less expensive. For instance, an HDD storage would cost approximately US$30 per TB and a magnetic tape strip would cost as low as US$7 per TB, whereas solid state devices (SSDs) cost around US$150 per TB. With growing demand, the data storage charges are also declining for any computing platform. Thus, for better adaptability, and penetration of the DNA digital storage market, the costs of sequencing, and storage should be competitive with the existing commercially available products.

Regional Analysis Depicts North America to Capture the Largest Market Share

The rise in technological innovation, significant research funding from private players and government organizations along with the availability of talented resources will help North America to capture the largest revenue share in DNA digital storage market in addition to exhibiting the highest growth rate in terms of adoption of this new technology of data storage. Europe will follow the suit, whereas Asia is expected to foresee slow 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 encoding and coding, demand for skilled labour is expected to see an uptick during the forecast period.

Competitive Landscape – Global DNA Digital Storage Market

Collaborations between tech firms and biotech firms would be the main strategy for the growth of this market. The major players include players from both sectors, i.e., cloud computing companies and sequencing service providers. These include Microsoft Corporation, Catalog, Iridia Illumina Inc., Agilent Technologies, GATC Biotech, Eurofins Solutions, Twist Bioscience, and Fujitsu (PFU Limited).

Some of the research institutes currently involved in R&D, and commercialisation of this sector include the University of Washington, Harvard University, ETH Zurich, Columbia University, and Semiconductor Research Corporation. Additionally, there are Government Organizations such as DARPA’s Molecular Informatics Program which announced in 2017 funding of US$15 Mn to Research Institutes including Harvard, Illinois, and Washington Universities to study data storage and processing through encoded molecules. In addition, European Bioinformatics Institute has also been reported to fund programs for DNA storage mediums.

Global DNA digital storage market is segmented as below:

By Sequencing Technology

• Sequencing by Synthesis
• Ion Semiconductor Sequencing
• Nanopore Sequencing
• Other (Sanger Sequencing)

By Application

• Quality Control
• Archival
• Research & Prototyping
• Others

By Deployment

• Cloud
  • Public
  • Private
  • Hybrid
• On-Premises

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The U.K.
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific (APAC)
  • China
  • India
  • Japan
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • Saudi Arabia
  • United Arab Emirates
  • South Africa
  • Rest of Middle East & Africa (MEA)
• South America
  • Brazil
  • Argentina
  • Rest of South America

Key Elements Included In The Study: Global DNA Digital Storage Market

• DNA Digital Storage Market by Product/Technology/Grade, Application/End-user, and Region
• Executive Summary (Opportunity Analysis and Key Trends)
• Historical Market Size and Estimates, Value, 2018 - 2021
• Market Value at Regional and Country Level, 2022 - 2029
• Market Dynamics and Economic Overview
• Market Size in Value, Growth Rates, and Forecast Figures, 2022 - 2029
• Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
• Regional and Product/Grade/Application/End-user Price Trends Analysis
• Value Chain and Five Force’s Analysis
• Regional/Sub-region/Country Market Size and Trend Analysis
• Company Market Share Analysis and Key Player Profiles

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Disclaimer:

• The segmentation/company profiles/countries depicted above may vary in the actual report.