Genealogy Products and Services Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024 Transparency Market Research Reports incorporated a definite business overview and investigation inclines on "Genealogy Products and Services Market". This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure. Genealogy, which is also referred as family history is the study and tracing of the lineages and history of an individual’s family. In genealogy, various service providers utilize various analysis methods, such as oral interviews, genetic analysis, historical records, and various other records to obtain essential information about an individual’s family. This information helps the genealogists to describe the individual’s family relationships and lineage of its members.
Genealogy is gaining much popularity in various parts of the world. Many people around the world are ready to spend as much as USD 18,000 per year to know their family tree or family history. Various products and services are gaining importance in this genealogy market such as, DNA tests (e.g. Y-DNA and mt-DNA tests), where each test can cost up to USD 400. According to the market estimates around 95,000 new tests are being performed each year worldwide. Thus, these DNA tests are providing a lucrative market to the genealogy products and services. There are many other driving factors for the growth of this market, which include continuous innovations in technology, rapidly increasing interest towards genealogy, and increasing usage of social networking sites worldwide. Recent technological advancements have equipped the genealogy consumers with most up-to-date tools for genealogical research, which will further help the growth of this market. Presently, most of the western nations are efficiently using the genealogical research, but increasing interest of other developing regions towards this research will further fuel the growth of this market. Various genealogical services have now been connected to the social media such as facebook, google plus and others will also result in the generation of increased interest towards genealogy. Thus, most of the above factors will help in the growth of genealogy products and services market. Geographically, North America dominates the genealogy products and services market followed by the European market. Major factors responsible for their dominance in this market were high awareness, interest as well as affordability for various tests and other services of the genealogy market. Also, most of the players operating in the genealogy products and services market are