The article cited AMA's Global Genealogy Products and Services Market Study explored substantial growth with CAGR of 11.2%. According the report, Rising Adoption of Genealogy Products and Services in Pharmacogenomics is one of the primary growth factors for the market. Increasing Desire to know family’s history among People
is also expected to contribute significantly to the Genealogy Products and Services market. Overall, Household
applications of Genealogy Products and Services, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as FindmyPast (United Kingdom), Geneanet (France), FamilyTreeDNA (United States), 23andMe, Inc. (United States), Living DNA (England), MyHeritage Ltd. (Israel), Ancestry (United States) and Genealogy Bank (United States) may see astonishing sales in this Market and certainly improve revenue growth.
The Offering, such as Tracing Ancestry, is boosting the Genealogy Products and Services market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Genealogy Products and Services market identified that the demand is rising in many different parts of the world as "Increasing Interest to Trace Ancestors among Individual creating opportunities for Genealogy Products and Services Market". Furthermore, some recent industry insights like "In December 2023, 23andMe launches a new DNA ancestry test kit with improved accuracy and additional features, including deeper insights into ancestral migration patterns and health predispositions." is constantly making the industry dynamic. One of the challenges that industry facing is "Stiff Competition Among the Genealogy Products and Services Market"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Genealogy Products and Services market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Genealogy Products and Services market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Genealogy Products and Services market tight? Which application/end-user category or Product Type [Family Tree, Family Records, Forum, DNA Testing and Others] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Genealogy Products and Services market and other related sub-markets covered in the study.
o Key & emerging players in the Genealogy Products and Services market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Genealogy Products and Services market size is calculated using market estimation process, the Genealogy Products and Services market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Genealogy Products and Services market size has been validated using both top-down and bottom-up approaches.