Security technology industry’s market confidence Report Finds Industry Outlook Rebounding and Strong Optimism for the Months Ahead
Provided to Security Industry Association (SIA) members as a review of current market conditions, the April/May 2021 Security Market Index (SMI) shows that the security industry’s outlook is rebounding, with a SMI of 54, up from 44 in January/February. An index above 50 indicates that conditions within the industry are largely positive and that security industry professionals are predominantly confident in their business outlooks.
Over two-thirds of industry survey respondents rated current business conditions as “good” or “excellent,” nearly half of security professionals reported increases in marketing spending and 85% believe business conditions will be “much” or “a little” better within the next three months.
Special focuses of SIA’s April/May 2021 SMI include:
- Video surveillance market confidence shooting up
- The highest integration SMI since the start of the COVID-19 pandemic
- Perspectives on the future of trade shows and returning to in-person meetings