DNA Data Storage Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
DNA Data Storage Market is Segmented By Type (Cloud, On-premises), By Technology (Sequence-based DNA data storage, Structure-based DNA data storage), ....
DNA Data Storage Market Size
Market Size in USD
CAGR27.8%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 27.8% |
| Market Concentration | Medium |
| Major Players | Illumina, Inc., Microsoft, Iridia, Inc., Twist Bioscience, Catalog Technologies |
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DNA Data Storage Market Analysis
The DNA Data Storage Market is estimated to be valued at USD 33.5 Mn in 2024 and is expected to reach USD 184.10 Mn by 2031, growing at a compound annual growth rate (CAGR) of 27.8% from 2024 to 2031.
The market has been witnessing significant growth in recent times due to the increasing demand for data storage. With more data being generated every day and need for storing data for longer periods, DNA data storage is emerging as a promising technology. The traditional storage technologies are not sufficient to handle large volumes of data being generated. DNA storage allows tremendous amounts of data to be stored in a very small physical space and also has the capability to preserve the data for thousands of years. With continuous technological advancements to make DNA storage more efficient and cost-effective, it is expected that the market will continue to grow steadily over the next few years. Key players are also investing increasingly in R&D to develop advanced solutions and drive the adoption of DNA data storage technology.