Security Market Index: May/June 2024 Edition


75% Cite Positive Business Conditions

Three-fourths of respondents to the May/June 2024 Security Industry Association (SIA) Security Market Index (SMI) reported a positive assessment of current conditions at their companies.


SIA thanks Wesco for supporting the Security Market Index.

“As was seen at ISC West in April, the security industry is in outstanding shape, said SIA Board of Directors Chair Scott Dunn. “We are looking forward to a strong second half of 2024.”

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 2024 SMI include:

  • Positive forecasts for the next three months
  • Economic outlooks as inflation and interest rates show little sign of easing
  • Perspectives and positive reviews on ISC West 2024