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The NGS Data Storage Market is expected to reach over USD 5.02 billion by 2031, with a CAGR of 17.54% during the forecast period. The market is driven by the increasing use of next-generation sequencing tools and the availability of cloud-based storage solutions from major IT suppliers. NGS informatics solutions have also been developed to assist medical facilities and research facilities in managing and analyzing the large amounts of data generated by NGS tools.