NGS Data Storage Market Size is valued at USD 1.6 billion in 2024 and is predicted to reach USD 8.5 billion by the year 2034 at an 18.6% CAGR during the forecast period for 2025-2034.
NGS data is essential for researchers who provide dependable yet simple-to-use storage solutions. Sequencing businesses are utilizing cloud-based storage options because of their accessibility, scalability, and affordability. Several major IT suppliers offer cloud-based storage services, including Amazon Web Services, Google Cloud, and Microsoft Azure. These services include pay-as-you-go pricing structures that make it simpler for researchers to control expenditures in accordance with their data storage requirements.
Due to the deployment of next-generation storage to strengthen general databases for future use and optimize databases in sectors including BFSI, healthcare, and government, the storage market is anticipated to grow considerably throughout the forecast period. Rapid advancements in fields like Big Data, cloud computing, and mobile services are anticipated to accelerate market expansion.
Compared to next-generation data storage, which has benefits including improved reliability, efficiency, and cost-effectiveness, traditional data storage technologies cannot handle the massive volumes of data generated every day. Because of the astronomical development in the amount of data generated by the enterprise sector, market providers are constantly creating scalable and efficient data storage infrastructure.
The NGS Data Storage market is segmented on the basis of read length, sourcing type, offering, and application. Based on read length, the market is segmented as short-read length, and long-read length. The other sourcing type segment includes in-house NGS Data storage, and outsourced NGS data storage. The offering segment has data storage solutions, data analysis services, and other offerings. By application, the market is segmented into oncology, infectious diseases, rare diseases, reproductive health, central nervous system (CNS), and other applications.
The short-read length segment dominated the global NGS data storage market in 2023 in terms of read length. This is because short-read sequencing is increasingly being used in research labs because of its benefits, including the fact that it is frequently used in diagnostic applications. Before being sequenced, the human genome is divided into little pieces, ranging in size from 50 to 300 bases. Short-read sequencing is affordable, precise, and supported by a variety of data analysis tools and pipelines.
The oncology sector dominated the applications of the worldwide NGS data storage market in 2023. Novel and rare somatic mutations can be found using NGS methods, which are effective and precise. Bladder cancer, chronic lymphocytic, renal cell carcinoma, prostate cancer, small-cell lung cancer, and acute myelogenous cancer are only a few of the numerous forms of cancer. Targeted and individualized cancer treatment is becoming more popular. Targeted treatments and immunotherapies have dramatically increased the five-year survival rate for several cancer types.
North America will hold a dominant position in the worldwide NGS data storage market in 2024. The availability of cloud-based and on-premise software solutions provided by NGS data storage companies to process and store large genomic and NGS datasets in the cloud with built-in scalability is anticipated to drive the North American NGS data storage market significantly. This will expand the market's overall scope. Because of the U.S. government's enormous investments in the co-development of targeted therapies and molecular diagnostics, the existence of big market participants there, and the region's high healthcare spending, the U.S. dominated the North American region.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 1.6 Bn |
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Revenue forecast in 2034 |
USD 8.5 Bn |
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Growth rate CAGR |
CAGR of 18.6% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Billion, and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Read Length, Sourcing Type, Offering, And Application |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; South Korea; Southeast Asia |
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Competitive Landscape |
Agilent Technologies, Inc., BGI Group, DNAnexus, Inc, Fabric Genomics, Inc., F. Hoffmann-La Roche Ltd. (Roche Molecular Systems, Inc.), Illumina, Inc., PerkinElmer Inc., PacBio., QIAGEN N.V., Qumulo, Inc., and Thermo Fisher Scientific Inc. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global NGS Data Storage Market Snapshot
Chapter 4. Global NGS Data Storage Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Offerings Type Estimates & Trend Analysis
5.1. by Offerings Type & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Offerings Type:
5.2.1. Data Storage Solutions
5.2.2. Cloud-based Solutions
5.2.3. On-Premises Solutions
5.2.4. Data Analysis Services
5.2.5. Other Offerings
Chapter 6. Market Segmentation 2: by Read Length Estimates & Trend Analysis
6.1. by Read Length & Market Share, 2024 & 2034
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Read Length:
6.2.1. Short-read Length
6.2.2. Long-read Length
Chapter 7. Market Segmentation 3: by Sourcing Type Estimates & Trend Analysis
7.1. by Sourcing Type & Market Share, 2024 & 2034
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Sourcing Type:
7.2.1. In-house NGS Data Storage
7.2.2. Outsourced NGS Data Storage
Chapter 8. Market Segmentation 4: by Application Estimates & Trend Analysis
8.1. by Application & Market Share, 2024 & 2034
8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Application:
8.2.1. Oncology
8.2.2. Infectious Diseases
8.2.3. Rare Diseases
8.2.4. Reproductive Health
8.2.5. Central Nervous System (CNS)
8.2.6. Other Applications
Chapter 9. Market Segmentation 5: by End-user Estimates & Trend Analysis
9.1. by End-user & Market Share, 2024 & 2034
9.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by End-user:
9.2.1. Academic and Research Institutions
9.2.2. Pharmaceutical and Biotechnology Companies
9.2.3. Molecular Diagnostic Laboratories
9.2.4. Other End Users
Chapter 10. NGS Data Storage Market Segmentation 6: Regional Estimates & Trend Analysis
10.1. North America
10.1.1. North America NGS Data Storage Market Revenue (US$ Million) Estimates and Forecasts by Offerings Type, 2024-2034
10.1.2. North America NGS Data Storage Market Revenue (US$ Million) Estimates and Forecasts by Read Length, 2024-2034
10.1.3. North America NGS Data Storage Market revenue (US$ Million) by Sourcing Type, 2024-2034
10.1.4. North America NGS Data Storage Market revenue (US$ Million) by Application, 2024-2034
10.1.5. North America NGS Data Storage Market revenue (US$ Million) by End-user, 2024-2034
10.1.6. North America NGS Data Storage Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2034
10.2. Europe
10.2.1. Europe NGS Data Storage Market revenue (US$ Million) by Offerings Type, 2024-2034
10.2.2. Europe NGS Data Storage Market revenue (US$ Million) by Read Length, 2024-2034
10.2.3. Europe NGS Data Storage Market revenue (US$ Million) by Sourcing Type, 2024-2034
10.2.4. Europe NGS Data Storage Market revenue (US$ Million) by Application, 2024-2034
10.2.5. Europe NGS Data Storage Market revenue (US$ Million) by End-user, 2024-2034
10.2.6. Europe NGS Data Storage Market revenue (US$ Million) by country, 2024-2034
10.3. Asia Pacific
10.3.1. Asia Pacific NGS Data Storage Market revenue (US$ Million) by Offerings Type, 2024-2034
10.3.2. Asia Pacific NGS Data Storage Market revenue (US$ Million) by Read Length, 2024-2034
10.3.3. Asia-Pacific NGS Data Storage Market revenue (US$ Million) by Sourcing Type, 2024-2034
10.3.4. Asia Pacific NGS Data Storage Market revenue (US$ Million) by Application, 2024-2034
10.3.5. Asia Pacific NGS Data Storage Market revenue (US$ Million) by End-user, 2024-2034
10.3.6. Asia Pacific NGS Data Storage Market revenue (US$ Million) by country, 2024-2034
10.4. Latin America
10.4.1. Latin America NGS Data Storage Market revenue (US$ Million) by Offerings Type, 2024-2034
10.4.2. Latin America NGS Data Storage Market revenue (US$ Million) by Read Length, 2024-2034
10.4.3. Latin America NGS Data Storage Market revenue (US$ Million) by Sourcing Type, 2024-2034
10.4.4. Latin America NGS Data Storage Market revenue (US$ Million) by Application, 2024-2034
10.4.5. Latin America NGS Data Storage Market revenue (US$ Million) by End-user, 2024-2034
10.4.6. Latin America NGS Data Storage Market revenue (US$ Million) by country, 2024-2034
10.5. Middle East & Africa
10.5.1. Middle East & Africa NGS Data Storage Market revenue (US$ Million) by Offerings Type, 2024-2034
10.5.2. Middle East & Africa NGS Data Storage Market revenue (US$ Million) by Read Length, 2024-2034
10.5.3. Middle East & Africa NGS Data Storage Market revenue (US$ Million) by Sourcing Type, 2024-2034
10.5.4. Middle East & Africa NGS Data Storage Market revenue (US$ Million) by Application, 2024-2034
10.5.5. Middle East & Africa NGS Data Storage Market revenue (US$ Million) by End-user, 2024-2034
10.5.6. Middle East & Africa NGS Data Storage Market revenue (US$ Million) by country, 2024-2034
Chapter 11. Competitive Landscape
11.1. Major Mergers and Acquisitions/Strategic Alliances
11.2. Company Profiles
11.2.1. Agilent Technologies, Inc.
11.2.2. BGI Group
11.2.3. DNAnexus, Inc.
11.2.4. Fabric Genomics, Inc.
11.2.5. F. Hoffmann-La Roche Ltd. (Roche Molecular Systems, Inc.)
11.2.6. Illumina, Inc.
11.2.7. PerkinElmer Inc.
11.2.8. PacBio.
11.2.9. QIAGEN N.V.
11.2.10. Qumulo, Inc.
11.2.11. Thermo Fisher Scientific Inc.
11.2.12. Other Prominent Players
NGS Data Storage Market By Read Length-
NGS Data Storage Market By Sourcing Type-
NGS Data Storage Market By Offerings-
NGS Data Storage Market By Application-
NGS Data Storage Market By End-user
NGS Data Storage Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
