Online Researchers Spur Growth of Genealogy Industry, According to a New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) January 11, 2012
Follow us on LinkedIn – Genealogical enthusiasts are spending between US$1000 to US$18000 a year to discover his or her roots. The growth of the genealogy research market is being spurred by the spending of over 84 million genealogists. Emerging trends, such as male adoptees using consumer DNA tests to discover their surname, are expected to further promote growth of this industry. In January 2009, the number of individuals undergoing genetic genealogy testing to ascertain their lineage reached almost 765,000, displaying a considerable increase from nearly 650,000 individuals taking the test as of November 2007.
DNA tests cost anywhere between US$100 to US$400 for both YDNA and mtDNA tests. With estimates indicating up to 95,000 new tests being performed annually, this market is a lucrative key growth area in the genealogy services and products sector. Constant innovations in technology are equipping consumers with the most up-to-date genealogical research tools, and the spread of genealogical services to social media, such as the Facebook site, is expected to further promote interest in this industry. Currently, however, the interest in genealogical research is more prevalent in Western nations, and its spread to other regions is expected to occur more gradually.
The emerging interest in genealogical research has resulted in genealogy products and services industry exhibiting promising growth. The trend is expected to continue as a growing number of individuals become more aware of the ease and convenience of tracing their lineage through online sites. Enthusiasts are increasingly being able to access several advanced tools online that enable them to undertake more comprehensive family history research and capture their findings in attractive and easy-to-reference layouts.
The research report titled “Genealogy Products and Services: A Global Outlook” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an overview of the global genealogy products and services market, identifies emerging trends and growth drivers, traces the history of genealogy, provides a list of the most popular genealogy websites, and refers to all recent activity in the industry. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.