Fact.MR recently released a recent study titled, “Genealogy Products and Services Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018 to 2024” which provides valuable insights into the genealogy products & services market. The study identifies and assesses the key factors influencing the performance of the genealogy products & services market.
According to a recent Fact.MR study, Genealogy products and services market is projected to value over US$ 12 Billion and register a CAGR of over 11% from 2021 to 2027. 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.
Request a Report Sample to Gain Compressive Insights at https://www.factmr.com/connectus/sample?flag=S&rep_id=3083
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.
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.
To Gain In-depth Insights on Plastic Protective Packaging Market, Request Methodology at https://www.factmr.com/connectus/sample?flag=RM&rep_id=3083
Global Genealogy Products And Services Market: Key Players
• Family Tree DNA and Many More…
Need An Exclusive Report For Your Unique Requirement? – Click Here Now to Customise Report
Genealogy Products and Services Market: Segmentaion
Global Genealogy Products And Services Market, By Product
- Family Records
• Family Tree
• DNA Testing
Global Genealogy Products And Services Market, By Application
Global Genealogy Products And Services Market, By Geography
- North America
o Rest of Europe
• Asia Pacific
o India and Continued…
*Full Segmentation and Many Crucial Insights Available in Report*
To get all-in insights on the Regional Landscape of the Geneology Market, Buy now at https://www.factmr.com/checkout/3083
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.
Explore More Trending Reports by Fact.MR’s –
Automotive Lightweight Material Market – The global automotive lightweight material market has witnessed moderate growth at a CAGR of 3.3% over the past half-decade. However, due to the ongoing outbreak of COVID-19, automotive production has plummeted in quarter Q2 of FY2020, and has cascaded the demand effect towards automotive light weight material.
Glass-Free HD 3D Display Market – In 2021, the U.S. glass-free HD 3D display market grew impressively, setting aside scepticism about how the market would perform during a global pandemic. Across the whole of North America, sales of glass-free HD 3D displays are poised to reach a valuation of US$ 200 Mn by 2031.
Straddle Carrier Market – Straddle Carrier Market Forecast, Trend Analysis and Competition Tracking – Global Review 2021-2028 is a comprehensive compilation of various data and key insights that key stakeholders can use and apply in their routine business setting.
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 & chemical and materials, 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.
US Sales Office
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Times of Chennai journalist was involved in the writing and production of this article.