Industry Profile/Trends

The two major Industry Classification systems:

1. The U.S. Standard Industrial Classification (SIC) system uses a two- to four-digit, hierarchical, numeric code to classify industries based on their business activities. [For further information, see Standard Industry Classification (SIC) System, U.S. Department of Labor]

Example Industry:
Newspapers: Publishing, Or Publishing And Printing (SIC  271)

2. North American Industry Classification System (NAICS) is a system that is gradually replacing SIC. NAICS was developed by the United States, Canada, and Mexico to identify more industries and provide a more precise classification of individual businesses. [For further information, see North American Industry Classification System, U.S. Census Bureau]

Example Industry:
Marketing management consulting services (NAICS 541613) 
Example of an article discussing an industry trend:
Tan, Teri. “Delivering Ever-Evolving Digital Solutions for Publishing.” Publishers Weekly, vol. 271, no. 25, June 2024, pp. 28–34. EBSCOhost.

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