As part of our Modern Industry Research Experience released in Q3 2023, we redesigned industry reports with a fresh writing style, enhanced structure and scannable insights. This article explains implications of this change on clients who access our API.
What action do I need to take?
No immediate action is needed as the API (Version 2) will automatically update, and existing endpoints will call updated data and analysis. We will be adding additional API end points for new content before the end December 2023 (listed below).
How the platform redesign will affect the current API (Version 2)
Certain retired content will be substituted with similar new content.
Version 2 endpoints will send updated data and analysis in the new writing style.
Most images, charts and maps won’t change.
Some sections will no longer be supported. Download the full list of endpoints that will no longer be supported.
New sections will be added as new end points (by the end of December 2023)
Key Takeaways (these are already available through the Key Trends API endpoint, but will be added as a dedicated endpoint)
Product Innovation Analysis
Product Innovation Level
Buyer Power Analysis
Supplier Power Analysis
Substitutes Analysis
Industry Structure (from At a Glance chapter)
When will a new version of the API be available?
We are planning to release a new version of the API (Version 3) in the first half of 2024. Note: this timeline has shifted from our original plan to release in Q4 of 2023 due to the expanded scope of the enhancements. We will continue to support Version 2 for the foreseeable future - if we decide to deprecate it, we will provide you with at least 12 months to transition to Version 3.
Your IBISWorld Client Relationship Manager will reach out when an official release date is available.
What to expect from API Version 3
With our updated API, you’ll get more customizable, flexible and impactful industry information.
With the transition to Version 3, you can expect:
More granular data and analysis: instead of calling the entire section with several paragraphs of analysis, you can call just the headlines and data callouts if you prefer.
Quicker insights: we’ll create new endpoints for the updated writing style, which allows you to read and digest our industry insights faster.
More efficient data retrieval: Version 3 will allow you to return the same data point(s) across multiple reports using a single API call, shrinking development time.
New features and functionality, such as the ability to see lists or rankings of reports, or to filter by certain criteria.
The same architectural style: Version 3 will use the same architectural style as Version 2, so your developers can still review, test and update endpoints in the same way. Our documentation website will be the primary source for all API information.
We are sharing this exciting news to help you determine whether the switch to Version 3 is right for your organization. Current users of Version 2 can continue using the API with no change in functionality for the foreseeable future. However, if your organization is focused on improving performance and mastering API efficiency, then now could be the perfect time to switch to Version 3.
For additional questions regarding these changes, please contact your Client Relationship Manager. If you don’t have an IBISWorld account, please contact us to learn more about our membership options.