DNA Digital Data Storage Market size is anticipated to cross USD 60,166.5 million by the end of 2035, growing at a CAGR of 64.4% during the forecast period, i.e., 2024-2035. In the year 2022, the industry size of DNA digital data storage was over USD 95.6 million. The growth of the market can be attributed to the benefits of DNA data storage and the growing investment by organizations to enhance data storage capacity. A surge in the volume of data globally is also expected to drive market growth in the coming years. DNA rapidly expands as it is a scalable, random-access, and error-free data storage method. The data storage crisis will be solved in the following years as a result of DNA's ability to store enormous amounts of data in a very dense medium. In addition, next-generation sequencing improvements have made it possible to read the data encoded in DNA quickly and accurately. For instance, one cubic inch of synthetic DNA can store more than 11 trillion terabytes of data.
In addition to these, factors that are believed to fuel the market growth of DNA digital data storage include presence of service providers for DNA digital data storage and the active participation of market players from all over the world. Moreover, owing to the DNA digital data storage is becoming more popular and used, people in the industry are also looking for new business opportunities by using organic and inorganic business strategies. For instance, in June of 2019, a Boston-based business named Catalog Technologies set a record for DNA data storage by encoding all of Wikipedia (16 gigabytes of data) utilizing inkjet printer-like technology and a novel coding technique that uses various combinations of pre-built DNA molecules (similar to a printing press with movable typefaces).
Growth Drivers
Increasing Applications of DNA Data Storage – In end-use industries such as media and entertainment, healthcare and pharmaceuticals, government and defense, financial services and insurance, banking, and others, DNA data storage has become increasingly popular. DNA storage has the potential to be more affordable, energy-efficient, and durable. The need for data storage is growing quickly every day, and it is expected to surge the growth of the market. According to the International Data Corporation, 64 zettabytes of data would have been generated globally in 2020. The demand for storage is increasing by 50% each year.
Increasing Investment to Enhance Data Storage Capacity – It is predicted that increasing organizational spending on expanding data storage capacity will spur market growth in the upcoming years. For instance, to solve the problems of traditional electronic media, a Boston-based firm called Catalog was established in 2016 by MIT researchers. Catalog is working to produce an energy-efficient, cost-competitive, and more secure data storage and computation platform utilizing synthetic DNA. Similarly, in November 2022, a seed investment of USD 5.2 million was made in Biomemory, a start-up specializing in synthesizing and storing DNA data, advancing its technology.
Increasing Need for Long-Term Data Storage – The world's storage capacity is now unable to keep up with the demand for data storage. A reliable, resource-efficient, energy-efficient, and environmentally friendly data storage solution is provided by the DNA. According to International Data Corporation, the need for data storage will reach around 9 zettabytes (ZB) by 2025.
Growing Environmental Benefits of DNA Storage – DNA-based storage methods are less harmful to the environment than servers in data centers. It uses zero energy once the information has been transformed into DNA. In addition, data stored in DNA might theoretically persist for more than 500,000 years. In contrast, traditional magnetic hard drives must be replaced after about ten years because of wear and tear.
Increasing Product Launches and Development – Rising partnerships and product development also increase the market. For instance, Los Alamos National Laboratory researchers have developed a critical enabling technology for molecular storage. Adaptive DNA Storage Codex (ADS Codex) is a software that converts data files from the four-letter code biology knows to the binary language of zeros and ones that computers comprehend.
Challenges
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Base Year |
2022 |
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Forecast Year |
2024-2035 |
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CAGR |
64.4% |
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Base Year Market Size (2022) |
USD 95.6 Million |
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Forecast Year Market Size (2035) |
USD 60,166.5 Million |
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Regional Scope |
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Sequencing (Synthesis, Ion Semiconductor, Chain Termination, Ligation, Nanopore Sequencing)
The global DNA digital data storage market is segmented and analyzed for demand and supply by sequencing into synthesis, ion semiconductor, chain termination, ligation, and nanopore sequencing. Out of the five types of sequencing, the synthesis segment is estimated to gain the largest market share of USD 36,131.8 Million by the end of 2035, up from USD 58.4 Million in the year 2022. The growth of the segment can be attributed to the increasing application and success of next-generation sequencing and gene editing technologies. In addition, rising demand from the research industry will propel the demand for the segment forward. For instance, genome-wide editing techniques can be interpreted as methods where DNA sequences are changed by deletions, mRNA processing, and post-transcriptional modifications to result in altered gene expression, leading to the functional behavior of proteins. Common to these methods are three basic steps, including mechanisms for genetic tool entry into the cell and later nucleus; altering gene transcription and onward processing functions; and, finally, the end-output in the shape of a suppressed, overexpressed, or simply altered protein product.
Application (Quality Control, Archival, Research & Prototyping)
The global DNA digital data storage market is also segmented and analyzed for demand and supply by application into quality control, archival, and research and prototyping. Amongst these three segments, the quality segment is expected to garner a significant share of USD 31,728.7 Million by the end of the year 2035 owing to the growing implementation of DNA, which utilizes data storage for cryptography, stenography, and solving complex computational problems. Moreover, it has been increasing adopted for creating a product and testing the product itself to ensure that the correct parameters are met. The Archival segment, on the other hand, is expected to grow at a rapid pace during the forecast period, owing to the increasing use of DNA for archival storage and rising global demand for archival data storage.
Our in-depth analysis of the global market includes the following segments:
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By Sequencing |
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By Application |
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By Deployment |
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North American Market Forecast
The North American DNA digital data storage market, amongst the market in all the other regions, is projected to hold the largest market share of USD 32,008.5 Million by the end of 2035, up from USD 45.2 Million by the end of 2022. The growth of the market can be attributed majorly to the increasing awareness about DNA data storage systems, growing advancements to develop sophisticated next-generation technologies associated with the IT sector, government initiatives to promote end-to-end DNA data storage systems, and the strong presence of market players in the region. The products and launches are also accelerating the growth of the market. For instance, in June 2021, the SYNTAX system, the first benchtop nucleic acid printer utilizing Enzymatic DNA Synthesis (EDS) technology, was the first product DNA Script produced to launch the SYNTAX platform commercially. The 96 DNA oligos produced in parallel by the fully automated, integrated SYNTAX technology are about 60 nucleotides long and delivered prepared for use in molecular biology and genomics workflows.
Europe Market Forecast
The European DNA digital data storage market is expected to showcase substantial growth over the forecast period by registering a CAGR of 64.0%. The Europe market was valued at USD 24.0 Million in 2022 and is projected to reach USD 14,835.3 million at the end of 2035.The growth of the market can be attributed majorly to the increase in investments in the creation of efficient data storage technologies and the existence of renowned research institutions in the region. Additionally, market participants are investigating cutting-edge techniques and technologies for diagnostic applications. For instance, in April 2021, Imagene, an artificial medical intelligence (AI) firm based in Paris, accelerated the development and commercialization of ArtFun+, an AI program and its predictive biomarkers for cardiovascular imaging, and obtained funding of EUR 1.2 million for the same.
APAC Market Statistics
Further, the market in the Asia Pacific, amongst the market in all the other regions, is projected to hold a majority of the share over the forecast period, by registering a CAGR of 63.2%. The Asia Pacific market was valued at USD 19.4 Million in 2022 and is projected to reach USD 11,226.1 million at the end of 2035. Growing demand for long-term data storage and expanding applications of DNA digital data storage are the main drivers of the Asia-Pacific DNA digital data storage market. As a result, many market players are investing in DNA data storage technologies. The APAC market is driven by firms' active involvement in developing DNA digital data storage through investments, innovation, research, and development.
CATALOG and Seagate announced a collaboration to investigate DNA-based computing and storage. The collaboration is centered on using Seagate's "lab on a chip" technology to reduce the volume of chemistry required for DNA-based storage and computation.
GenScript launched new GMP-grade GenExact single-stranded DNA (ssDNA) and GenWand closed-end linear double-stranded DNA (dsDNA) services. These services were announced with the objective of enabling next-generation gene and cell therapy R&D programmes to advance to IND filing and clinical trials faster and more efficiently.
Author Credits: Abhishek Verma, Hetal Singh
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