Security Industry Confidence Spikes as Leaders Look Toward a Strong Q4

Positive Conditions Abound According to SIA’s Latest Research Report

SILVER SPRING, Md. – Expectations in the security industry are running high, according to the latest Security Industry Association (SIA) September-October Security Market Index survey of security industry leaders.

When asked about their forecasts for the next three months, 78% of survey participants projected growth, with one out of five expecting things to get “much better” and 58% saying they are likely to get “a little better.”

The survey was conducted before the Federal Reserve announced that it would reduce interest rates by a half-point.

As for current conditions, 71% of survey participants had a positive outlook, including 28% who said that current business conditions are “excellent” and 43% who described them as “good.” Among just integrators, 88% characterized conditions as better than average.

The September-October Security Market Index, a measure of industry confidence that is calculated using a proprietary formula based on three-month projections related to five key business components, increased seven points – the largest jump in more than a year – from two months earlier to 55. That is two points above the 12-month average of 53.

“This month’s results show the resilience of the security industry,” SIA Board of Directors Chair Scott Dunn of Axis Communications said. “Even amid challenging economic conditions and uncertainty caused by political strife, manufacturers and integrators continue to grow and prosper.”

The full SIA Security Market Index report is available here.

About SIA

SIA is the leading trade association for global security solution providers, with over 1,500 innovative member companies representing thousands of 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 collaborating with other like-minded organizations. As the premier sponsor of ISC Events expos and conferences, SIA ensures its members have access to top-level buyers and influencers, as well as unparalleled learning and network opportunities. SIA also enhances the position of its members in the security marketplace through SIA GovSummit, which brings together private industry with government decision makers, and Securing New Ground, the security industry’s top executive conference for peer-to-peer networking.