Security Market Index

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About the Security Market Index

Security Market Index (SMI) is a bimonthly publication created by the Security Industry Association (SIA) for SIA members that provides the latest market confidence numbers for the security industry.

SIA’s SMI report measures security industry executives’ current status and future expectations through a select survey of SIA members. The Index’s goal is to provide a macro-view of confidence levels in the security industry every two months while closely examining six specific business measures:

  • Number of employees or hours worked
  • Marketing spending
  • Product production or service output
  • Capital equipment spending
  • Research and development spending
  • Product or service sales

Read the Latest REPORT

May–June 2026: 80% See Positive Conditions in Security Industry

Four out of every five respondents in the May–June 2026 Security Industry Association (SIA) Security Market Index (SMI) survey rated business conditions at their companies in positive terms.

With 19% describing conditions as “excellent” and 61% saying they are “good,” the 80% total marked an 8-point increase over the percentage of positive sentiments in the March–April survey.

The SMI measures security industry executives’ current status and future expectations through a select survey of SIA members. The Index’s goal is to provide a macro-view of confidence levels in the security industry every two months while closely examining six specific business measures:

  • Number of employees or hours worked
  • Marketing spending
  • Product production or service output
  • Capital equipment spending
  • R&D spending
  • Product or service sales

Special focuses of SIA’s May–June 2026 SMI include:

  • Security leaders’ perspectives on the growth forecast for the industry
  • Insights on rising inflation and a solid labor market
  • The impact of rising prices on security businesses
  • And more!

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Past Editions

​Past editions of SIA’s SMI report are available here: