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Home | Search Global IT News: IT News & Press Release Distribution: DNA Data Storage Market worth $3,348 million by 2030 at a CAGR of 87.7% (IT-NEWSWIRE.COM, November 13, 2023 ) The DNA Data Storage Market is projected to grow from USD 76 million in 2024 and is expected to reach USD 3,348 million by 2030, growing at a CAGR of 87.7% from 2024 to 2030. The increasing awareness of data security and privacy concerns is expected to fuel the demand for DNA data storage, which offers an unparalleled level of data security. DNA can be encrypted and stored offline, making it highly resistant to hacking and unauthorized access. Unlike digital data, which can be vulnerable to cyber-attacks, DNA data is not connected to the internet, reducing the risk of breaches. DNA data storage contains DNA molecules which are remarkably stable and can endure harsh environmental conditions for thousands of years. This stability ensures the long-term integrity and reliability of stored data, making DNA storage ideal for critical and sensitive information that needs to be preserved over extended periods. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=68300978 DNA data storage solutions are expected to be used for various applications by end users, such as government, healthcare & biotechnology, media & telecommunication, commercial organizations, and financial institutes. In terms of end users, the government segment is expected to hold a significant share of the DNA Data storage market during the forecast period. Government agencies often deal with historical documents, manuscripts, and significant cultural and historical records. DNA data storage offers a stable and compact solution for archiving these documents, ensuring their preservation for future generations. Court records, legislative documents, and legal archives require long-term storage DNA data storage provides a reliable method for securely preserving these records, protecting their integrity over time. Overall, the adoption of DNA data storage in the government sector enhances data security and preservation and supports vital research initiatives, cultural preservation efforts, and national security objectives. It is an asset for government agencies dealing with diverse and critical information. The On-premises segment for type in the DNA data storage market is expected to grow with the highest CAGR during the forecast period. On-premises DNA data storage facilitates organizations by synthesizing, encoding, and storing DNA data within their own physical infrastructure. This approach offers unparalleled control, allowing businesses, research institutions, and government entities to manage sensitive information internally, ensuring data security, compliance, and customizability. Hence, On-premises DNA data storage solutions are well-suited for organizations dealing with highly sensitive information, such as government agencies, healthcare institutions, and research organizations. Asia Pacific is expected to witness the highest CAGR for the DNA data storage market during the forecast period. Asia Pacific region is generating a growing amount of data each year. This growth is being driven by factors such as the increasing adoption of digital technologies, the growth of e-commerce, and the rise of the Internet of Things (IoT). E-commerce companies need to store data securely and reliably, as it carries information related to product information, customer information, and transaction data and DNA data storage offers a secure data storage solution, as it is more durable than traditional data storage solutions and can last for thousands of years, which makes it ideal especially for storing long-term archival data. Key Market Players: Major players in this market ecosystem are Illumina, Inc. (US), Microsoft (US), Iridia, Inc. (US), Twist Bioscience (US), Catalog (US), Thermo Fisher Scientific Inc. (US), Micron Technology, Inc. (US) Helixworks Technologies Ltd (Ireland), Agilent Technologies, Inc. (US), Beckman Coulter (US), Eurofins Scientific (Luxembourg), and Siemens (Germany) among others. These market players availed opportunities like indulging in agreements and acquisitions. Collaboration and expansion were a few other strategies adopted by companies to strengthen their market position. Ask for Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=68300978 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. MarketsandMarkets™ Mr. Aashish Mehra 1-888-600-6441 sales@marketsandmarkets.com Source: EmailWire.Com Source: EmailWire.com

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