Security Market Index: April/May 2021 Edition

By Kara Klein, Associate Director of Marketing and Media Relations, Security Industry Association on May 21, 2021 | |

 

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
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