Provided to Security Industry Association (SIA) members as a review of current market conditions, the July/August 2020 Security Market Index (SMI) shows that after May/June 2020's low SMI in the midst of the coronavirus pandemic, the industry is seemingly seeing the light at the end of the tunnel as they now report increasing confidence in conditions. The SMI for July and August 2020 is 32, up from 30 in May and June following a March/April SMI of 50. 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. Special focuses of SIA’s July/August 2020 SMI include:
- Improvement in confidence for the video surveillance and access control markets
- A continued declining SMI for the integrator sector
- Mixed opinions on business conditions due to COVID-19
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