Tag: Genealogy Products and Services Market Growth

The recently published report by Fact.MR on the Survey of Genealogy Products and Services Market is intended to offer reliable data on various key factors shaping the growth curve & outlook of Genealogy Products and Services market. This report works as a rich source of information for key entities such as policy makers, end-use industries, investors, and opinion leaders.

The Demand analysis of Genealogy Products and Services Market offers a comprehensive analysis of diverse features, demand, product developments, revenue generation, and sales of Genealogy Products and Services Market across the globe.

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A comprehensive estimate of the Genealogy Products and Services market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the Sales of Genealogy Products and Services during the forecast period. Price point comparison by region with the global average price is also considered in the study.

The Market survey of Genealogy Products and Services offers a comprehensive analysis of diverse features, including production capacities analysis of Genealogy Products and Services, demand, product developments, revenue generation, and Size of Genealogy Products and Services Market across the globe.

Market Structure

The report on genealogy products and services market segments the genealogy products & services market on the basis of category and region.

Based on the category, the genealogy products & services market can be segmented into family records, family tree, forum, cemetery, newspapers, blogs, links, and DNA testing.

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Some Notable Offerings by Fact.MR Report on Genealogy Products and Services market:

• We will provide you an analysis of the extent to which this Genealogy Products and Services market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
• We will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
• Also, this report will help you to identify any trends to forecast growth rates.
• The analyzed report will forecast the general tendency for supply and demand.

Some of the Genealogy Products and Services Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides: 

• Details regarding latest innovations and development in Genealogy Products and Services and how it is gaining customer traction during the forecast period.
• Analysis about the customer demand of the products and how it is likely to evolve in coming years.
• Latest regulations enforced by government bodies and local agencies and their impact on Demand of Genealogy Products and Services Market .
• Insights about adoption of new technologies and its influence on the Genealogy Products and Services market Size.
• Overview of the impact of COVID-19 on Genealogy Products and Services Market and economic disruptions caused by the pandemic.
• Evaluates post-pandemic impact on the Sales of Genealogy Products and Services Market during the forecast period.

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After reading the Market insights of Genealogy Products and Services Report, readers can:

• Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
• Analyze key regions holding significant share of total Genealogy Products and Services market revenue.
• Study the growth outlook of Genealogy Products and Services market scenario, including production, consumption, history and forecast.
• Learn consumption pattern and impact of each end use & supply side analysis of Genealogy Products and Services market.
• Investigate the recent R&D projects performed by each market player & competitive analysis of Genealogy Products and Services Market Players.

How Fact.MR Assists in Making Strategic Moves For Genealogy Products and Services Market Manufacturer?

• The data provided in the Genealogy Products and Services market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
• The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

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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.

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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. Commercials promoting self-discovery through lineage tracing are increasingly finding greater appeal as they resonate with the human psychology of tracing their heritage in order to gain a sense of wider connection. 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.

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.

The 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.

DNA Testing Finding Greater Penetration in Forensics

DNA and genetic testing is gradually gaining traction in the field of forensics with sophisticated technology and sequencing techniques enabling efficient investigation. Advancement in genetic testing is allowing forensics departments to identify suspects using smaller and mixed DNA samples which, in turn, can aid in solving complex crimes. These factors are boosting the adoption of genealogy products and services in the forensics domain.

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According to the Fact.MR study, concerns surrounding the misuse of genealogy products and services are creating clamor for imposing strict regulations on market functioning. Use of genealogy products and 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.

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.

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About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com
Research Insight: https://www.factmr.com/report/3083/genealogy-products-services-market
Press Release: https://www.factmr.com/media-release/926/genealogy-products-services-market
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