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Insider’s Corner Q&A

IBISWorld catches up with Hamilton Galloway at Economic Modeling Specialists Inc. to find out firsthand what's going on within his industry.IW: What challenge do you and Economic Modeling Specialists Inc.  (EMSI) face right now?  HG:  As the discipline of regional planning and strategy development is changing to be centered on sector strategies—i.e., alignment of economic development, workforce development, education and private sector resources—the need for both micro-level data and macro-level data is imperative to provide leadership and decision-makers

Top 10 Biggest Spenders on Innovation

To keep at the forefront of innovation, science, health and tech industries lead the pack in R&D spendingBy IBISWorld Industry Analyst Agata Kaczanowska  Though new technologies are used throughout the economy, they are first and foremost adapted in science-, health- and technology-related industries. These industries are generally highly competitive in terms of productquality and price and, therefore, depend on innovation. Most of these industries also have high market share concentration, merger and acquisition activity and employee wages. Driven by new and quickly changing product

Splitting Hairs

The Slow and Steady Recovery of Hair CareBy IBISWorld analyst Caitlin Moldvay It’s no secret that hair care is an important component in Americans’ beauty and grooming regimen. In fact, revenue from the hair salons, hair product and wig manufacturing industries exceeded the GDP of 110 other countries. In 2011, the hair products and services sector generated $48.6 billion. Although the sector’s revenue is prodigious, heightened unemploymentand reduced consumer spending have left their mark on these industries. These three industries all recorded revenue declines during the recession, with

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