The Fact.MR report tracks the genealogy products & services market for the period 2018-2024. According to the report, the genealogy products & services market is projected to grow at 11.4% CAGR through 2024. According to a recent Fact.MR study, the genealogy products and services market is likely to be valued at over US$ 3 billion in 2019. The market is likely to continue its bullish run with a myriad of factors influencing the strategy of key players. Surging demand for genetic and DNA testing in an assortment of industries, coupled with the growing awareness about genealogy are some of the vital factors bolstering market growth. Technological advancement also remains a key influencer, as efficient data storage and retrieval become key priorities for market players.
The keyword market study outlines the key regions – Latin America, North America, MEA, Japan, Europe and APEJ – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin. Prominent players covered in this research are Family Tree DNA, Billion Graves, Living DNA, GenealogyBank, MyHeritage, and many others.
The keyword market report offers a plethora of insights which include:
- Changing consumption pattern among individuals globally.
- Historical and future progress of the global keyword market.
- Region-wise and country-wise segmentation of the keyword market to understand the revenue, and growth lookout in these areas.
- Accurate Year-on-Year growth of the global keyword market.
- Important trends, including proprietary technologies, ecological conservation, and globalization affecting the global keyword market.
According to the study, in addition to curiosity about culture and heritage, lack of formal records is also promoting the growth of the market. For instance, demand for tracing lineages in China is on the rise with a significant percentage of population eager to trace their genealogy owing to the lack of records that were destroyed during wars in China and the Cultural Revolution. The Fact.MR study finds that the family records segment is one of the largest in the genealogy products and services market, accounting for nearly 45% of total share.
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According to the Fact.MR study, concerns surrounding the misuse of genealogy products & services are creating clamor for imposing strict regulations on market functioning. Use of genealogy products & services has been linked to the creation of predictive criminal profiles which can potentially influence policing decisions. Additionally, increasing instances of police departments basing their decision on the analysis of the DNA databases created using direct-to-consumer genetic testing data is raising concerns about the system in place. These factors could potentially restrain market growth with consumers becoming increasingly aware of the drawbacks of participating in genetic testing.
According to the study, in addition to curiosity about culture and heritage, lack of formal records is also promoting the growth of the market.
The Fact.MR study finds that the family records segment is one of the largest in the genealogy products and services market, accounting for nearly 45% of total share.Read Report Summary: https://www.factmr.com/report/3083/genealogy-products-services-marketThe substantial reduction in the costs of DNA sequencing technology is also aiding genealogy products & services companies to find an extensive consumer base.
Reduction in the size of DNA testing kits and the convenience it offers to consumers is another key cause behind the surge in demand for genealogy products & services.According to a recent Fact.MR study, the genealogy products and services market is likely to be valued at over US$ 3 billion in 2019.
Technological advancement also remains a key influencer, as efficient data storage and retrieval become key priorities for market players.Request for Report Methodology: https://www.factmr.com/connectus/sample?flag=RM_id=3083Demand for genealogy in tracing lineage and creating family trees is on the rise with service providers using aggressive marketing techniques to draw in new consumers.
Additionally, the concept is being popularized by an array of television programs such as “Who Do You Think You Are?” and features providing information about the ancestry of famous personalities and linking it to their career and life.DNA and genetic testing is gradually gaining traction in the field of forensics with sophisticated technology and sequencing techniques enabling efficient investigation.
These factors are boosting the adoption of genealogy products and services in the forensics domain.To learn more about how the key growth influencers are shaping the market landscape, request for the Sample Report at: https://www.factmr.com/connectus/sample?flag=S_id=3083According to the Fact.MR study, concerns surrounding the misuse of genealogy products and services are creating clamor for imposing strict regulations on market functioning.
The Fact.MR report tracks the genealogy products & services market for the period 2018-2024.
According to the report, the genealogy products & services market is projected to grow at 11.4% CAGR through 2024.
According to a recent Fact.MR study, the genealogy products and services market is likely to be valued at over US$ 3 billion in 2019.
The market is likely to continue its bullish run with a myriad of factors influencing the strategy of key players.
Surging demand for genetic and DNA testing in an assortment of industries, coupled with the growing awareness about genealogy are some of the vital factors bolstering market growth.
Technological advancement also remains a key influencer, as efficient data storage and retrieval become key priorities for genealogy products and services market players.The genealogy products and services market report highlights the following players:FamilysearchFamily Tree DNAGenealogyBankLiving DNAOthersThe genealogy products and services market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.Demand for genealogy in tracing lineage and creating family trees is on the rise with service providers using aggressive marketing techniques to draw in new consumers.
Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global Genealogy Products and Services market during the historical period of 2012 – 2017.
The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2024, and key prospects over the forecast period 2018 – 2024.The Fact.MR report tracks the genealogy products and services market for the period 2018-2024.
According to the report, the genealogy products and services market is projected to grow at 11.4% CAGR through 2024.
Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the Genealogy Products and Services market, both at global and regional levels.
The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Genealogy Products and Services market.Request to View Sample of Report @ https://www.factmr.com/connectus/sample?flag=S_id=3083After reading the Genealogy Products and Services market report, readers get insight into:Major drivers and restraining factors, opportunities and challenges, and the competitive landscapeNew, promising avenues in key regionsNew revenue streams for all players in emerging marketsFocus and changing role of various regulatory agencies in bolstering new opportunities in various regionsDemand and uptake patterns in key industries of the Genealogy Products and Services marketNew research and development projects in new technologies in key regional marketsChanging revenue share and size of key product segments during the forecast periodTechnologies and business models with disruptive potentialThe Genealogy Products and Services market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period.
Key regions covered comprise:North AmericaLatin AmericaEuropeEast AsiaSouth Asia & OceaniaMiddle East & AfricaThe evaluation of the competitive landscape in the Genealogy Products and Services market covers the profile of the following top players: GeneanetWikiTreecomFindmyPastFamily Tree DNAIn addition to understanding the demand patterns of various end users, the report on the Genealogy Products and Services market also enumerates trends expected to attract investments by other various associated industries.On the basis of Category types, the Genealogy Products and Services market report offers insight into major adoption trends for the following segments:Family RecordsFamily TreeForumCemetryNewpaperBlogsThe global Genealogy Products and Services market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period.
