Overwhelming Majority of Security Industry Sees Positive Conditions in SIA’s Latest Research
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 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 key business measures.
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