What is SIC Data? Examples, Datasets & Providers 2024

How is SIC Data Collected?

SIC data is collected from official company registrations, business directories, government sources, and various verified databases. Providers typically combine automated sourcing with manual validation, ensuring a high degree of accuracy and consistency. In many cases, data is updated regularly—monthly, weekly, or even in real time—keeping the classifications current and reflective of market changes.

What Types of Information are Included in SIC Data?

As mentioned in the examples above, SIC data commonly includes company name, SIC code, industry classification, business size, geographic location, employee count, and financial metrics such as sales volume. Some datasets may also provide contact details like company email, phone number, website, and address. Additional data points, such as VAT numbers or legal entity types, may be available for certain regions.

How Accurate is SIC Data?

Providers often maintain high accuracy levels for SIC data, generally reporting rates above 90–95%. Regular validation processes ensure data quality, especially for fields like SIC codes, business activity descriptions, and contact information. Choosing a provider with a high accuracy rate is beneficial for targeting and segmentation in specific industries.

How Frequently is SIC Data Updated?

Update frequency for SIC data varies based on provider offerings and can range from monthly to on-demand updates. For dynamic markets or fast-changing industries, selecting a provider with frequent updates can be particularly valuable.

In What Formats is SIC Data Delivered?

SIC data is typically available in formats like CSV, JSON, XLS, and XML, with secure delivery options such as API integration, SFTP, and cloud-based solutions. Providers often support customized delivery frequencies to fit specific business needs.

What Pricing Models are Offered for SIC Data?

SIC data pricing models vary, offering options like one-off purchases, annual subscriptions, and usage-based models. Some providers offer tailored datasets based on selected SIC codes or regions, allowing businesses to receive only the data they need. Requesting a sample on Datarade can help ensure the data quality and pricing structure align with business requirements.

Is SIC Data Compliant with Privacy Standards?

Leading providers ensure SIC data is sourced in compliance with GDPR, CCPA, and other data privacy regulations, especially when handling personal information.