About Genealogy Products and Services
Genealogy Products and services refer to the process of tracing the lineages and studying the history of a family in order to trace their lineage. Genealogy is known as family history. There are a number of service providers in the field of genealogy that use various methods of analysis. This type of service uses a variety of methods and genealogical sources to conduct their research, including oral interviews, historical records, birth certificates, death certificates, marriage certificates, genetic testing, etc. It helps people who want to know their family’s history.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 11.2% |
The global genealogy products and services market is fragmented due to the presence of several players at the global and regional levels. Companies are providing a variety of services and methods to trace ancestors. Players are investing in new technology to enhancement on their market. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Genealogy Products and Services market by Type (Family Tree, Family Records, Forum, DNA Testing and Others), Application (Household, Institution and Others) and Region.
On the basis of geography, the market of Genealogy Products and Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Offering, the sub-segment i.e. Tracing Ancestry will boost the Genealogy Products and Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Adoption of Genealogy Products and Services in Pharmacogenomics
Market Growth Drivers:
Increasing Desire to know family’s history among People and Surging Demand For Home DNA Testing
Challenges:
Stiff Competition Among the Genealogy Products and Services Market
Restraints:
Regulatory Guidelines Associate with Genealogy May Restraint Market Growth
Opportunities:
Increasing Interest to Trace Ancestors among Individual creating opportunities for Genealogy Products and Services Market
Market Leaders and their expansionary development strategies
In February 14, 2024, Ancestry.com acquires FindMyPast, a major competitor in the online genealogy space. This move consolidates Ancestry's position as the market leader, aiming to offer a broader range of resources and tools for users.
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.
Key Target Audience
Genealogy Products and Services Providers Research and Development Institutes Genealogy Products and Services Potential Investors Industry Associations Regulatory Bodies Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.