August 3, 2022 – The world has changed. Some of the biggest challenges facing businesses today are supply chain disruptions, labor and skills shortages and environmental risks – to name a few. These challenges affect businesses differently depending on location, which is why we aim to make you an expert in any region quickly.
Location plays a prominent role in understanding where you should target and where to avoid doing business. IBISWorld’s collection of regional data can help you find answers, fast. With almost a year of hard work under our belts, we’re excited to release a 325% increase in state and provincial coverage for North America in early September.
You will soon find upgraded State and Provincial reports that offer:
- Expanded coverage across the United States and Canada, covering 100% of the North American economy
- Time-saving insights that have immediate impact
- More functionality for your next comparative analysis
- Drill-down tools to give you hyper-local insights
- Enhanced State and Provincial Economic Profiles
- More frequent updates, giving you reliable data
Continue reading to learn more about these exciting changes and how they can help improve your workflow.
Expanded coverage across the United States and Canada
We’ve expanded our regional industry insights to every US state and Canadian province to help you target the right opportunity in the right location.
This expanded coverage is more representative of each state or province’s local economy, giving you the industry insights you need for those local clients that may be hard to benchmark.
Time-saving insights that have immediate impact
Our new format ensures the right information is where you need it, covering more industries in more states. The new reports and Economic Profiles give you access to the information you need, faster.
The reports are leaner and easier to digest. Skim through key insights in minutes to identify the key points of difference between an industry at a national and state- or province-level. You can view a chapter-by-chapter overview here.
For sections like Industry Structure, SWOT, Supply Chain, Major Markets, Key Success Factors, Cost Structure, Life Cycle and Products and Services, you can look to the US or Canadian NAICS report. Easily toggle between the national Industry Research Report (NAICS) and the State or Provincial Report.
Lastly, the paragraph-style analysis found in our US and Canadian NAICS reports has been distilled down for this regional collection, focusing on what counts: the current and forward-looking facts and figures you should be tracking.
More functionality for your next comparative analysis
It’s essential to quickly understand how a state- or province-level industry compares to the national average or its neighboring regions.
Adding this layer of context can be crucial when making business development decisions, identifying target markets, evaluating competition or building trust with prospects by speaking to their local challenges.
IBISWorld has risen to the occasion by opening up access to all 50 states or 10 provinces (depending on your subscription), with customizable graphs that give you the insights you’re looking for. Throughout the collection, you can “Add a State” (or province) to just about any line graph for easy benchmarking across regions.
Drill-down tools to give you hyper-local insights
We've introduced more county-level data to our State Reports, as well as metro area data for the Provincial collection.
Within State Reports, you can drill down to understand county-level industry employment, wages, revenue and establishment data. Specifically, business location data is now conveyed neatly in a table and shows more counties than ever before.
In Provincial Reports, metro area data on establishments helps you understand the spread of business activity across a region.
These hyper-local insights are perfect for regional operators that need reliable and independent forecasts and intelligence on how industry performance varies within a state or province.
Enhanced Economic Profiles for state- and province-level insights
The North American landscape is changing, and your business needs to understand regional macroeconomic environments and what's driving the local economy. That’s where our State and Provincial Economic Profiles come in. These economic overviews will give you the entire picture in any location and allow you to make better business decisions with more confidence.
At the state and province level, new insights into leaders and laggards show you the top and bottom industries in the state. You can sort and filter beyond those ten, viewing all industries in the state or province in order of revenue growth rate, employment growth rate and other factors.
You can also measure new impact factors, like susceptibility to natural disasters, domestic migration, fiscal stability and more.
View the largest employers within a state to sharpen your understanding of the sectors and companies that contribute the most to employment in each state.
We've also enhanced our Economic Profiles to cover more economic factors at a more granular level, with US coverage of population, unemployment, job growth, average household income, per capita disposable income and average home price data now available by county.
More frequent updates, giving you reliable data
The new format of our reports creates efficiencies on your end and ours. By opting for a focused view of the major differences facing regional industries and economies, we can update content faster – spending less time rehashing repetitive trends and analysis that do not change from the national to regional level.
Our annual or bi-annual updates to this regional industry data will help you synthesize stronger pitches and evaluations of local industries that reflect the most recent data available.
Wondering if you have access to the new and improved State and Provincial Reports?
Upgrades to the State and Provincial Industry Reports will automatically take effect on launch day. Existing subscribers to US Industry State Reports or Canada Industry Provincial Reports do not need to initiate any updates. Immediate access to the expanded collection will be available on launch day.
If you’re interested in adding State or Provincial Reports to your IBISWorld subscription, contact us for more information or reach out to your Client Relationship Manager directly.
