Speciation is the process of the generation of a new species from a pre-existing one.
Significance of speciation:
The generation of new species in a certain ecosystem leads to an increase in biodiversity. Biodiversity refers to all types of living organisms or creatures that exist in a specific area.
An increase in biodiversity shows a lot of significance in that area. For example, the new species has a significant role to play in the flow of energy, supply of nutrients, survival, competition for shelter, food, or mate. The role of this species depends upon many factors like the interaction with other species.
Speciation helps with survival in new or unfavorable conditions. This plays an important role in determining the biodiversity of an area.