SIA’s Most Recent Security Index Report Shows Increasing Confidence in Industry’s Current State
INDUSTRY CONFIDENCE GROWS FOLLOWING BRIEF DIP
Optimism has returned to the security industry, just in time for the run-up for fall industry events, with the Security Industry Association’s July/August Security Market Index finding that over 75% of respondents have a positive view of the industry’s current condition.
In the latest SMI report, more than three-quarters of respondents rated current business conditions for their companies as “excellent” or “good,” with one-fourth reporting the highest rating, and 18% saying they were “average.”
The SMI 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 specific business measures:
- Number of employees or hours worked
- Marketing spending
- Product production or service output
- Capital equipment spending
- R&D spending
- Product or service sales
Special focuses of SIA’s July/August SMI include:
- Increased investments as companies’ confidence and product and service demand rise
- Perspectives on positive economic indicators and overall industry concerns regarding the economy
- Abating recession fears among industry professionals