DNA Digital Data Storage Market Size

DNA Digital Data Storage Market size was over USD 74 Million in 2023 and is expected to exceed USD 21.4 Billion by the end of 2036, witnessing over 76% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of dna digital data storage is evaluated at USD 106.4 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).