Roots Analysis has announced the addition of DNA Data Storage Market, 2021-2035” report to its list of offerings.
DNA as a data storage medium helps eliminate the drawbacks inherent to the traditional storage methods, such as limited storage density, instability and limited life span, making it a potential storage option for future. However, exorbitant costs, slow speed of reading and writing DNA and vulnerability to mutations or errors, may act as a roadblock in the wider use of DNA as an effective data storage solution, which has prompted the stakeholders to focus on improvements in various steps involved in DNA data storage, including data encoding, DNA synthesis, preservation, data retrieval, and DNA sequencing.
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Key Market Insights
Presently, more than 20 players claim to offer DNA Data Storage
Over 40% of these players are involved in offering technologies / services for coding and DNA writing (DNA synthesis), followed by those offering services for retrieval and DNA reading (29%). It is worth mentioning that 10 technology / service providers claim to have the required expertise to serve as one-stop-shops for all the DNA data storage steps.
Funding and investment in this domain have increased significantly, highlighting the growing demand for DNA data storage systems
Around USD 1 billion was raised by companies, across various funding rounds in 2020. Majority of the companies raised significant capital through venture capital financing (~USD 417 million). It is worth highlighting that over 50% of the funding instances were reported by companies headquartered in North America, followed by Europe.
North America is expected to capture over 55% of the DNA data storage market share by 2035 Within North America, US is likely to capture the maximum share. Further, in terms of step involved in DNA based data storage, the coding and DNA writing step is likely to capture the highest market share (86%).
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