Asia-Pacific NGS Data Storage Market: Analysis and Forecast, 2023-2033
Introduction to Asia-Pacific NGS Data Storage Market
The Asia-Pacific NGS data storage market is projected to reach $1,284.3 million by 2033 from $207.5 million in 2023, growing at a CAGR of 19.99% during the forecast period 2023-2033. The NGS data storage market is poised for growth due to the increasing utilization of next-generation sequencing (NGS) tools in research laboratories. These tools generate vast volumes of data, which necessitates storage and analysis for valuable insights. To meet this demand, numerous companies have introduced NGS informatics solutions designed to assist healthcare institutions and academic research centers in managing and deriving insights from the data.
Market Introduction
The Asia-Pacific (APAC) NGS data storage market is thriving due to the increasing adoption of NGS technology in research labs and healthcare institutions. NGS generates vast genomic data volumes, and as APAC invests in genomics and precision medicine initiatives, the demand for efficient data storage and analysis solutions grows. These solutions not only store data but also facilitate management, analysis, and interpretation, supporting research and clinical applications. With a flourishing biotechnology and pharmaceutical industry in the region, the need for advanced NGS data storage solutions are on the rise, promising sustained growth and driving advancements in genomics research and personalized healthcare across APAC.
Market Segmentation:
Segmentation 1: by Country
China
Japan
India
Australia
South Korea
Rest-of-Asia-Pacific
How can this report add value to an organization?
Innovation Strategy: Companies in the APAC NGS data storage market are involved in continuous innovation and strategy related to offering data analysis and data compression software solutions and services.
Competitive Strategy: Key players in the APAC NGS data storage market are analyzed and profiled in the study to provide data storage solutions and services to their end users. Moreover, a detailed competitive benchmarking of the players operating in the APAC NGS data storage market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
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- Executive Summary
- 1 Markets
- 1.1 Inclusion and Exclusion Criteria
- 1.2 Market Scope
- 1.2.1 Key Questions Answered in the Report
- 1.3 Research Methodology
- 1.3.1 NGS Data Storage Market: Research Methodology
- 1.3.2 Data Sources
- 1.3.2.1 Primary Data Sources
- 1.3.2.2 Secondary Data Sources
- 1.3.3 Market Estimation Model
- 1.3.4 Criteria for Company Profiling
- 2 Market Overview
- 2.1 Overview
- 2.1.1 Market Definition
- 2.1.2 Current Market Scenario
- 2.1.2.1 Parameters of Cloud Data Security
- 2.1.2.2 Benefits of Cloud-based Data Storage
- 2.1.3 Market Footprint and Growth Potential
- 2.1.4 COVID-19 Impact on NGS Data Storage Market
- 2.1.4.1 Impact on Research and Clinical Operations
- 2.1.4.2 COVID-19 Impact: Current Scenario of the Market
- 2.1.4.3 Pre-and Post-COVID-19 Market Assessment
- 3 Market Dynamics
- 3.1 Overview
- 3.2 Impact Analysis
- 3.3 Market Drivers
- 3.3.1 Declining Cost of Cloud-based Data Storage Solutions
- 3.3.2 Increasing Demand for Sequencing at Higher Depth
- 3.3.3 Growing Number of Population Genomic Studies and Initiatives Globally
- 3.3.4 Rising Adoption of Cloud-based Data Storage Solutions
- 3.4 Market Challenges
- 3.4.1 Genomic Data Privacy and Security Concerns
- 3.4.2 Increasing Volume of NGS Data Generated and its Complexity
- 3.5 Market Opportunities
- 3.5.1 Data Compression Efforts by Companies
- 3.5.2 Advancements in Big Data Technology Enabling Efficient Data Storage
- 4 NGS Data Storage Market, by Region, $Million, 2022-2033
- 4.1 Overview
- 4.2 Asia-Pacific
- 4.2.1 China
- 4.2.2 Japan
- 4.2.3 India
- 4.2.4 Australia
- 4.2.5 South Korea
- 4.2.6 Rest-of-Asia-Pacific
- 5 Company Profiles
- 5.1 Overview
- 5.2 BGI Group
- 5.2.1 Company Overview
- 5.2.2 Role of BGI Group in the NGS Data Storage Market
- 5.2.3 Recent Developments
- 5.2.4 Target Customers
- 5.2.5 Analyst Perspective
- List of Figures
- Figure 1: NGS Data Storage Market, $Billion, 2022 and 2033
- Figure 2: NGS Data Storage Market (by Region), Share (%), 2022
- Figure 3: NGS Data Storage Market: Research Methodology
- Figure 4: Primary Research Methodology
- Figure 5: Bottom-Up Approach (Segment-Wise Analysis)
- Figure 6: Top-Down Approach (Segment-Wise Analysis)
- Figure 7: Parameters of Cloud Data Security
- Figure 8: Impact of COVID-19 on the NGS Data Storage Market
- Figure 9: NGS Data Storage Market: COVID-19 Impact
- Figure 10: NGS Data Storage Market Dynamics
- Figure 11: Cloud Storage Cost Over Time, 2007-2019
- Figure 12: Genomic Initiatives Based on Region, 2020
- Figure 13: NGS Data Storage Market (by Region), Share (%), 2022
- Figure 14: NGS Data Storage Market (by Region), $Million, 2022-2033
- Figure 15: Asia-Pacific NGS Data Storage Market, $Million, 2022-2033
- Figure 16: Asia-Pacific: Market Dynamics
- Figure 17: Asia-Pacific NGS Data Storage Market (by Country), $Million, 2022-2033
- Figure 18: China NGS Data Storage Market, $Million, 2022-2033
- Figure 19: Japan NGS Data Storage Market, $Million, 2022-2033
- Figure 20: India NGS Data Storage Market, $Million, 2022-2033
- Figure 21: Australia NGS Data Storage Market, $Million, 2022-2033
- Figure 22: South Korea NGS Data Storage Market, $Million, 2022-2033
- Figure 23: Rest-of-Asia-Pacific NGS Data Storage Market, $Million, 2022-2033
- Figure 24: Total Number of Companies Profiled
- Figure 25: BGI Group: Product Portfolio
- List of Tables
- Table 1: Likert Scale
- Table 2: Impact Analysis of Market Drivers, Restraints, and Opportunities on the NGS Data Storage Market
- Table 3: Overview of NGS Data Storage Requirements Based on Number of Reads, Coverage, and Read Length
- Table 4: Total NGS Data Storage Requirements
- Table 5: Emerging Companies in NGS Data Storage Market and Their Contribution
- Table 6: Likert Scale
- Table 7: Impact Analysis of Market Drivers
- Table 8: Impact Analysis of Market Restraints
- Table 9: Impact Analysis of Market Opportunities
- Table 10: Comparison between Types of Next-Generation Sequencing Techniques
- Table 11: Large Genomic Initiatives and Genome Projects
- Table 12: Different Types of Cloud-based Services for NGS Data Storage and Computation
- Table 13: Cloud Computing Services and Platforms
- Table 14: Data Generated Based on Applications Per Sample
- Table 15: China Regulatory Compliance for Data Security
- Table 16: Japan Regulatory Compliance for Data Security
- Table 17: India Regulatory Compliance for Data Security
- Table 18: Australia Regulatory Compliance for Data Security
- Table 19: South Korea Regulatory Compliance for Data Security
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