In the world of business, regardless of what industry you are in, growth is a constant goal. In order to achieve this goal and overcome the most difficult challenges that come your way, you need to arm yourself with relevant and reliable information that will help you hone your business strategies and steadily drive your enterprise to long-term success. This is exactly the kind of data that you can get from professional industry reports. These reports offer insights into market trends, emerging risks, and potential opportunities, giving businesses the tools to make informed decisions. By leveraging this data, companies can stay competitive, adapt to changing market conditions, and identify areas for innovation and expansion.
What Are Industry Reports?
Industry reports are highly valuable tools that provide key information for running a business. They come in different types, each of which deals with specific sectors. A Fintech Industry Report, for instance, addresses mostly the financial technology aspect, such as the market overview, investment trends, and revenue models. An industrial projects report presents information that is relevant to the construction of facilities or equipment. Asset management reports are very useful for making decisions regarding the acquisition, upgrade, or disposal of assets. Of course, we can’t forget about the very widely used market research industry report, which is of immense interest to companies looking to introduce a new product. These reports can also help businesses understand consumer behavior, identify key competitors, and anticipate market trends, making them indispensable for strategic planning and growth.
Importance of Industry Reports
As you can imagine, industry reports are very important to business owners, market researchers, and company decision-makers. But what specifically do these reports provide that makes them so invaluable? Here are some of their most significant contributions.
- Provide a thorough analysis of different industries. These reports give you a clear and concise picture of an industry’s overall financial performance, regulatory environments, key players, and so on.
- Help business owners create a solid business strategy. With the reliable data provided by these reports, organizations can better understand risks, identify opportunities, and tweak their strategies to align with current situations in the industry.
- Give businesses a competitive advantage. Industry reports include analyses of consumer behavior, competitive positioning, and supply chain dynamics, which companies can leverage to stay ahead of the competition.
- Allow investors to make educated decisions in allocating funds. The viability of industries or specific companies can be deduced by investors from the data found in industry reports, which helps them invest their capital wisely.
How to Access Industry Reports?
With the wealth of information packed into these reports, one can safely assume that they do not come free. Some websites that publish industry reports give limited free previews, which might be enough for some purposes. Now, if you are going to use them as a tool to grow your business, the easiest way to gain access would be to take out a subscription. Subscriptions often come with added benefits, such as real-time updates, access to exclusive content, and personalized insights tailored to your industry. This can be a worthwhile investment, providing a steady flow of valuable data that helps businesses stay competitive and informed.
Before you sign up, take time to compare the different platforms, taking your budget and needs into careful consideration. You can also use the free summaries to assess whether a particular website would be able to deliver what you need. In the next section, we have listed the ten best websites that are known to publish high-quality, comprehensive industry reports.
At a Glance: Comparing the Top 10 Websites for Professional Industry Reports
| Number of Industries | Price per Report | Subscription |
25 | $925 | Starts at $995/year | |
170 | Starts at $49 | Starts at $199 per month | |
1000 | Starts at $200 | Custom | |
32 | Starts at $1475 | Starts at $10000/year | |
9 | Not available | Starts at $30000/year | |
20+ | Starts at $500 | Starts at $5000/year | |
21 | Starts at $2000 | Custom | |
14+ | Starts at $200 | Starts at $1200 | |
20 | Free | Custom | |
25 | Free | Custom |
A Closer Look at the Top 10 Websites for Professional Industry Reports
IBIS World
One of the biggest sources of reliable industry reports, IBIS World covers approximately 25 major industries worldwide, taking into consideration data from North America, Europe, Asia, and Australia.
IBIS World provides superior quality reports that include in-depth insights and detailed analyses of the products, markets, industry performance, competitive landscape, and other key statistics regarding the industry. In addition, IBIS also presents financial ratios, risk ratings, and other critical data that represent the various industries.
One of the outstanding points of this platform is how it makes complex and abstract industry concepts easily understandable to non-technical viewers. With its explicit visuals and crisp but thorough data presentation, IBIS World is easily a top choice among business owners and researchers in most industries.
Statista
When it comes to the vastness of available data, Statista clearly leads the pack. No matter what industry you want to look into, Statista is sure to have a handful of comprehensive reports that you can grab. Their reports give a clear and accurate picture of industry trends and consumer behavior.
With the extensive library of Statista reports, one might expect to have a difficult time finding specific data, but that is not the case at all. The platform's interface is very easy to navigate and makes any kind of data analysis or report generation extremely easy. To top it off, the industry reports at Statista are totally reliable, sourced only from the most reputable scientific publications, trade organizations, market researchers, and government agencies.
MarketResearch.com
MarketResearch.com provides access to high quality industry reports on US-based industries. As you can imagine, they focus mostly on market research industry reports, covering industries such as food & beverage, technology, heavy industry, consumer products, and many more. These reports are collected from over 700 highly regarded market research firms.
Whether you are a business owner, investor, consultant, or researcher, you will find the reports at MarketResearch.com rife with valuable information that can help you make informed and profitable business decisions. The data on this platform is so reliable that some of the biggest industry leaders in the country have been depending on MarketResearch data to grow their businesses for years.
Euromonitor International
This website focuses largely on consumer markets and provides a rich level of detail on the different elements of global market research. With thorough and robust tools for data analytics, and the availability of customizable reports, they are an invaluable addition to any organization's decision-makers. In fact, this is one of the most trusted report providers for governments and major corporations from around the world.
From ease of use to the most extensive coverage you can find, Euromonitor International has been at the top of the list since it entered the business in 1972. The superior quality doesn’t come for free, though, as individual reports come with a rather hefty price.
Gartner
If you are looking for an industry report that delves a little bit deeper into the technological aspect of businesses, Gartner could be the perfect match. The evaluations and reports that they provide are notably inclusive, covering a wide range of sectors, with meticulous insights on market trends, forecasts, and competitive analysis. All this information allows businesses to have a more robust perception of the industry and their own organization's performance in it.
Gartner also stands out for their meticulous data gathering, analysis, and evaluation procedures. They also have proprietary tools to gauge competition, such as the Magic Quadrant. With all their advanced features, Gartner also ensures the accuracy and reliability of every single item in the reports, which would eventually guide decision-makers into opting for the right choices for the business.
BMI Research (Fitch Solutions)
This industry report website is an excellent source of industry-specific risk assessments and thorough macroeconomic analysis. If you are looking to gain a solid perspective on geopolitical risks and emerging markets, they have an abundance of data that you can leverage. In addition, their reports also include exhaustive scenario analysis and detailed forecasts that can be invaluable in building long-term business strategies. They also provide insights into regulatory developments and market disruptions, helping businesses anticipate challenges. Their interactive tools and customizable reports allow for a more tailored approach, making the data even more applicable to specific business needs.
Frost & Sullivan
Covering 21 industries and hundreds of sectors and sub-segments within these industries, Frost & Sullivan has quite a broad coverage. Some of the major industries where this firm provides detailed trend analysis and market research are information technology, health care, automotive, and a lot more.
Their reports do include a wide range of perspectives on all the different aspects but their forte lies in the extensive evaluation of global markets and emerging technologies. In addition, Frost & Sullivan also offers growth strategies, innovation studies, and numerous actionable insights. As with many other high-quality reports, the price can be steep but definitely worth your while.
Research and Markets.com
When it comes to market research industry reports, few providers come close to the volume of information that ResearchandMarkets.com has to offer. Their coverage spans practically all geographic regions and all industries. They have been providing highly reliable market data for more than two decades now, and are trusted by almost all Fortune 500 companies. This website is also featured regularly in the most widely-read global news publications.
One of the great things about this provider is that they take good care of their clients with superb customer service. They also have versatile services, from single report purchases to long-term subscriptions, based on the client’s needs.
Deloitte Insights
An international consulting firm that works with multiple global clients, Deloitte is known for producing some of the most insightful industrial analyses and perspectives. They cover more than 20 major industries including consumer goods, technology, health care, government services, and more.
If you want to obtain a deeper and broader understanding of your industry without spending, Deloitte Insights provides the most comprehensive free reports that you can leverage to enhance your business strategies. With Deloitte's industry reports, you can discover challenges, opportunities, and trends that are expected to shape your industry in the near and distant future, and make your decisions accordingly.
McKinsey & Company
For executives looking for data to help in decision-making, McKinsey & Company provides the perfect solutions. Unlike other industry report websites that focus on operational data, this website addresses the concerns of executives more, and focuses on more high-level business strategies and transformation. All the data that they provide do come from expert researchers and analysts but can be accessed for free. In addition to offering in-depth reports, McKinsey & Company also provides tools, case studies, and insights tailored to specific industries, helping executives stay ahead of trends and make informed strategic decisions in a competitive market.
FAQs
Q: What kind of information can I get from professional industry reports?
A: The specific inclusions vary depending on the website but in general, they contain in-depth market analysis, insights, trends, and forecasts on the particular industry. Information such as market size, competitive landscape, growth prospects, and key players are often present.
Q: How much does it cost to get industry reports?
A: This varies widely depending on the website. Most offer reports under a subscription program, paid annually or monthly. Others sell reports individually, and there are also websites that give brief summaries for free.
Q: Is it possible to get customized reports from these websites?
A: Yes, most of the top industry reports websites are happy to put together customized reports based on geographic location, market segments, or whatever specific options you require. However, you must be prepared to pay extra for customized reports.
Q: Are professional industry reports credible?
A: The websites that we have listed above are all highly reputable and work only with expert researchers and analysts. Their methodologies for research and data analysis are extensive and meticulous, ensuring the credibility of all their reports.
