Security Industry Sees a Dip in Market Confidence in February Survey

By SIA on March 9, 2015 | |
Security Industry Association (SIA)

An independent survey of members of the Security Industry Association saw a slight decline in confidence to 73.6 after hitting a high of 74.6 in the November 2014 survey.

Silver Spring, Md. — Confidence in the security marketplace among industry leaders dipped a little last month after rising throughout 2014, according to the February 2015 SIA Security Market Index.

The SIA Security Market Index, drawn from an independent survey of members of the Security Industry Association (SIA), saw a slight decline to 73.6 after hitting a high of 74.6 in the November 2014 survey. (November saw an increase from 72.3 in September 2014.)

“There were a good economic improvement and diverse tech advances in 2014; but this year, we could see a softening,” commented one respondent to the February survey.

Generally, optimism remained high as respondents suggested how well their companies would perform in the next three months:

  • 32 percent said much better
  • 40 percent, a little better
  • 25 percent, no change
  • 2 percent, a little worse
  • 1 percent, much worse

Respondents also shared their outlook on which vertical market sectors would be the most robust in sales of products and services by the end of this year. Respondents could select more than one vertical market in response. The top choices were:

  • 80 percent, International Sales
  • 70 percent, Healthcare
  • 60 percent, Critical Infrastructure
  • 50 percent, Retail
  • 50 percent, Residential: Security
  • 50 percent, Government: Local

The full results of the SIA Security Market Index are available in an eight-page publication in the SIA Store. It is free to SIA Members; $75 for nonmembers.

About the Security Industry Association (SIA)

The Security Industry Association (SIA) (https://www.securityindustry.org) is the leading trade association for electronic and physical security solution providers, with more than 500 innovative member companies representing more than 300,000 security leaders and experts who shape the future of the security industry. SIA protects and advances its members’ interests by advocating pro-industry policies and legislation at the federal and state levels; creating open industry standards that enable integration; advancing industry professionalism through education and training; opening global market opportunities, and collaboration with other like-minded organizations. As a proud sponsor of ISC Events expos and conferences, and owner of the Securing New Ground® conference, SIA ensures its members have access to top-level buyers and influencers, as well as unparalleled learning and network opportunities.