Industry research entails investigating the factors that affect entities that produce goods and/or services to meet similar market needs. The scope of this research may vary based on geography or other characteristics. In industry research, researchers must appreciate that an industry’s key characteristics (mature well-defined industries dominated by large public companies) will affect the relative availability and robustness of content. In other words, industry content is available along a spectrum.
When researching industry information, it is helpful to find the NAICS or SIC code for that industry. The federal government assigns these codes to business segments for data collection and reporting purposes.
NAICS (North American Industry Classification System) codes were adopted in 1997 to replace the old Standard Industrial Classification (SIC) system. Many research resources, such as databases, utilize NAICS and/or SIC codes for searching purposes. You can search many of the library databases by NAICS and/or SIC code to get industry information.