The DNA data storage market involves encoding digital data into DNA sequences that can be securely stored for archival purposes. DNA has several advantages over traditional storage mediums as it is durable and can preserve digital information for thousands of years without degradation, making it suitable for long-term archival applications. Growing concerns regarding data loss and limited lifespan of existing storage technologies like magnetic disks and flash drives are compelling organizations across industries to explore DNA as a viable solution. Data volumes are rising exponentially worldwide with the proliferation of Internet of Things (IoT) devices and social media usage. However, conventional storage options may not be able to retain ever-growing data reliably over time.
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.
Key Takeaways
Key players operating in the DNA Data Storage are Microsoft, Molecular Assemblies, Catalog, Twist Bioscience, Brooklyn Biosciences Corporation. DNA data storage technology has gained significant traction in recent years due to advantages like miniaturization, long-term stability and security.
Growing volumes of digital content generated daily is fueling the need for reliable archival solutions. Several companies are expanding their presence globally to tap the rising demand and support long-term preservation of valuable information.
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