DNA Data Storage Market

DNA Data Storage Market Outlook (2023 to 2033)

The newly released DNA data storage market analysis report by Fact.MR reveals that global revenues of DNA data storage in 2022 were held at US$ 105 million. With a 69.8% projected CAGR from 2023 to 2033, the market is expected to reach a US$ 35.8 billion valuation by the end of the forecast period.

The DNA Data Storage used in biotechnology is expected to be a significant revenue-generating product and is projected to grow at a CAGR of over 69.1% from 2023 to 2033.

Attributes	Details
DNA Data Storage Market (2023)	US$ 179.4 million
DNA Data Storage Market (2033)	US$ 35.8 billion
DNA Data Storage Market CAGR (2018-2022)	76%
U.S DNA Data Storage Market CAGR (2023 – 2033)	69.7%
Key Companies covered	Twist Bioscience Corporation Catalog Technologies Molecular Assemblies Inc. DNA Script Genomic Storage Solutions Evonetix Storing Digitally Zymo Research Corporation Illumina, Inc. Thermo Fisher Scientific Inc.

DNA Data Storage Market Revenue from 2022 Compared to Demand Outlook for 2023 to 2033

As per DNA data storage market research by Fact.MR - a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value increased by around 76% CAGR from 2018 to 2022. The market is projected to reach a US$ 35.8 billion valuation by 2033.

What Key Factors are Influencing Market Expansion?

The increasing expansion of digital data is one of the key factors in the DNA data storage industry. Traditional data storage solutions have capacity and scalability restrictions, making it difficult to accommodate ever-increasing data quantities. With its high data density and small size, DNA data storage is a viable alternative. Because DNA has the ability to store vast amounts of data in a tiny physical space, it is an appealing alternative to standard storage technologies, which are struggling to keep up with the exponential development of digital data.

DNA also possesses remarkable data durability properties. DNA molecules can remain stable for thousands of years under suitable conditions, allowing for long-term preservation of information. This durability factor is crucial for applications that require archiving and preserving data for extended periods, such as historical records, scientific research, and cultural heritage.

DNA data storage is still in its early stages of development and commercialization. While there have been notable advancements and promising research in the field, widespread adoption and implementation of DNA data storage technologies are yet to be realized. Ongoing research and development efforts are aimed at overcoming the challenges of DNA Data storage and unlocking the full potential of DNA data storage in the future.

In 2018, the total amount of data created, copied, captured, and consumed globally was around 33 zettabytes which increased to around 97 zettabytes and is projected to increase to around 181 zettabytes of data by 2025. As DNA data storage offers a highly compact and durable method for storing vast amounts of data, with the increase in the amount of data and increased research and development in the field of DNA data storage, the market for DNA data storage is projected to increase during the assessment period.

DNA data storage shows promise as a unique and effective method for handling the ever-increasing amounts of sensor data created by networked devices in the Internet of Things (IoT). DNA data storage can provide compactness, high-density storage, and long-term data preservation, overcoming scaling issues in IoT applications that standard storage technologies encounter. IoT devices may store massive volumes of sensor data in an extremely compact format by using DNA as a storage medium, allowing for efficient data processing, analysis, and retrieval.

In 2019, 8.6 billion IoT devices were present around the world, which increased to around 13.14 billion IoT devices around the world by 2022 and is projected to reach around 29.4 billion IoT devices by 2030. DNA data storage has the potential to address the scalability challenges in the Internet of Things (IoT) by providing a compact and durable solution for storing large volumes of sensor data. With the increase in the adoption of IoT around the world, the demand for adoption of DNA data storage is projected to increase therefore, expanding the market during the assessment period.

Which Region is Projected to Account for a Significant DNA Data Storage Market Revenue?

Asia Pacific had a market size of US$ 100 million in 2022. Asia Pacific will have a market worth US$ 18.6 billion by 2033. The market in Asia Pacific is forecasted to grow at a CAGR of 51.9% from 2023 to 2033.

In 2020, there were over 4.8 billion IoT devices in the Asia Pacific, with a projected growth of approximately 14 billion by 2030. By providing a small and durable method for storing huge amounts of sensor data, DNA data storage has the potential to overcome the scalability difficulties in the Internet of Things (IoT), therefore with the increase in the adoption of IoT around the world, the demand for adoption of DNA Data Storage is projected to increase, therefore, expanding the market in the region during the assessment period.

Country-wise Analysis

The United States DNA Data Storage Market Analysis :

DNA Data Storage demand in the United States is expected to grow to be worth US$ 7.4 billion. The market in the United States has grown at a CAGR of 75.9% from 2018 to 2022 and is expected to grow at a CAGR of 69.7% from 2023 to 2033.

The United States is a prominent country in the adoption of IoT with around 2.3 billion IoT devices in 2018 which increased to around 13 billion devices by 2022. This number is projected to reach 6 billion devices by 2025. As DNA data storage has the potential to overcome the scalability difficulties in the Internet of Things (IoT), therefore with the rapid development in DNA data storage techniques and the rise in the adoption of IoT in the country the market for DNA Data storage is projected to expand during the assessment period.

The U.K. DNA Data Storage Market Analysis :

The market in the U.K. is expected to grow to be worth US$ 1.4 billion. The market in the U.K. has grown at a CAGR of 75.1% from 2018 to 2022 and is expected to grow at a CAGR of 69.5% from 2023 to 2033.

In 2020, there were around 133 million IoT devices in the United Kingdom and by 2025 it is projected that the United Kingdom will have around 189 million IoT devices. With the rapid development in DNA data storage techniques and the rise in the adoption of IoT in the country, the market for DNA Data storage is projected to expand during the assessment period.

China DNA Data Storage Market Analysis :

The market in China is expected to grow to be worth US$ 9.1 billion. The market in China has grown at a CAGR of 75.8% from 2018 to 2022 and is expected to grow at a CAGR of 69.7% from 2023 to 2033.

In 2020 China had around 3.3 billion IoT devices in the country which is projected to increase to around 8.5 billion IoT devices in the country. With the rapid development in DNA data storage techniques and the rise in the adoption of IoT in the country, the market for DNA Data storage is projected to expand during the assessment period.

Japan DNA Data Storage Market Analysis :

The market in Japan is expected to grow to be worth US$ 6.9 billion with an absolute dollar growth of US$ 6.8 billion. The market in Japan has grown at a CAGR of 75.6% from 2018 to 2022 and is expected to grow at a CAGR of 69.7% from 2023 to 2033.

In 2020, Japan had around 573 million IoT devices, which climbed to over 1.7 billion devices by 2030. With the rapid development in DNA data storage techniques and the rise in the adoption of IoT in the country, the market for DNA Data storage is projected to expand during the assessment period.

South Korean DNA Data Storage Market Analysis :

The market in South Korea is expected to grow to be worth US$ 2.2 billion. The market in South Korea has grown at a CAGR of 74.9% from 2018 to 2022 and is expected to grow at a CAGR of 69.3% from 2023 to 2033.

South Korea has over 258 million IoT devices, with a projected number of devices to grow to reach around 617 million by 2030. With the rapid development in DNA data storage techniques and the rise in the adoption of IoT in the country, the market for DNA Data storage is projected to expand during the assessment period.

Which component of DNA Data Storage is projected to Witness Significant Growth?

Cloud DNA Data Storage is projected to witness significant growth with a CAGR of 75.7% from 2018 to 2022 and is expected to grow at a CAGR of 69.4% from 2023 to 2033.

Cloud DNA data storage refers to the practice of storing genetic information in remote cloud-based servers rather than traditional physical storage systems. This approach leverages the power of cloud computing and data management to securely store and process vast amounts of DNA data.

DNA contains a person's genetic information, including their unique traits and susceptibility to diseases. Storing this data in the cloud offers several advantages. For instance, it eliminates the need for physical storage infrastructure, reducing costs and maintenance efforts. Moreover, cloud storage provides scalability, enabling researchers and healthcare professionals to store and analyze large genomic datasets without limitations.

Which vertical of DNA Data Storage is Expected to be Most Lucrative?

Biotechnology sector is expected to be most lucrative for DNA Data Storage used in projected to witness significant growth as it has grown at a CAGR of 75.5% from 2018 to 2022 and is expected to grow at a CAGR of 69.1% from 2023 to 2033.

DNA data storage technology has the potential to address the rapidly increasing demand for data storage, as it offers unparalleled density, longevity, and potential scalability. In DNA data storage, digital information is encoded into the sequence of nucleotides that make up DNA.

These nucleotides serve as the bits of data, and they can be synthesized and sequenced using advanced molecular biology techniques. DNA's exceptional storage density allows for the potential storage of enormous amounts of data in a tiny volume. It has been estimated that just one gram of DNA could potentially store multiple zettabytes of data.

The key advantage of DNA data storage is its longevity. DNA is an incredibly stable molecule and can remain intact for thousands of years when stored under suitable conditions. This makes it an attractive option for long-term archival storage, particularly for critical scientific, historical or cultural data.

Competitive Analysis

The market players are investing heavily in expanding their presence in various segments around the world. The companies are also focussing on collaborations to augment their market positions.

The key players in the market are Twist Bioscience Corporation, Catalog Technologies, Molecular Assemblies Inc., DNA Script, Genomic Storage Solutions, Evonetix, Storing Digitally, Zymo Research Corporation, Illumina Inc, and Thermo Fisher Scientific Inc.

A few of the recent developments in the market are:

• In June 2021 - Twist Bioscience announced the acquisition of iGenomX, a company specializing in DNA sequencing and library preparation technologies. This acquisition was aimed to expand Twist Bioscience's product portfolio in the DNA synthesis and sequencing space.

Segmentation of the DNA Data Storage Market

• By Technology :

  • Sequencing by Synthesis
  • Ion Semiconductor Sequencing
  • Chain Termination Sequencing
  • Sequencing by Ligation
  • Nanopore Sequencing

• By Deployment :

  • Cloud
  • On-Premise

• By End Use :

  • Pharmaceutical
  • Hospitals and Clinics
  • Academic and Government Research Institutes
  • Biotechnology

• By Region :

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa