SILVER SPRINGS, Md. — Most security leaders have a positive view of the state of the industry according to the latest Security Industry Association (SIA) Security Market Index (SMI) research, with integrators being particularly bullish.
When asked how they would rate current business conditions for their companies, 74% of survey participants said either “excellent” or “good.”
The Security Market Index measures security industry executives’ current status and future expectations through a select survey of SIA members. The index’s goal is to provide a macro-view of confidence levels in the security industry every two months while closely examining six key business measures.
More Security Market Index Insights
Special focuses of SIA’s July/August 2024 SMI include:
- Industry leaders’ expectations for short-term growth in the next three months
- Renewed fears of a recession in light of an unexpectedly weak jobs report in July
- Security companies exceeding their 2024 projections
“The security industry continues to grow and expand its offerings and become even more integrated into the overall tech ecosystem,” said SIA Board Chair Scott Dunn. “We look forward to these trends continuing as we head into the fall trade shows and conferences, especially ISC East.”
