Market Research Report

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Asia-Pacific NGS Data Storage Market

Analysis and Forecast, 2023-2033

 
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The global NGS data storage market is projected to reach $6.96 billion by 2033 from $1.13 billion in 2022, growing at a CAGR of 18.02% during the forecast period 2023-2033.

NGS data storage pertains to the substantial volume of data generated by sequencers in laboratories, which is subsequently preserved for subsequent processing and analysis. Researchers employ genomic data cloud services to manage, store, analyze, and collaborate on extensive NGS and other genomic datasets, benefiting from inherent speed and scalability features.

The market is witnessing a surge in cloud-based genomic data solutions, as companies aim to enhance the efficiency of NGS data storage and analysis. This trend fosters global collaboration in a secure and cost-effective manner. Prominent providers of genomic cloud-based solutions include Illumina, Inc., Thermo Fisher Scientific, Inc., DNAnexus, Qumulo, among others.

Cloud-based NGS data storage facilitates seamless collaboration among researchers and organizations by providing a centralized and easily accessible platform for storing, sharing, and analyzing genomic data. This approach eliminates geographical barriers, streamlines data management, and promotes efficient data sharing, enhancing the overall research and development process in genomics.

The researchers, pharmaceutical and biotechnology companies, molecular and diagnostic laboratories, and bioinformaticians should purchase this report.

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