Business leaders more confident about security market conditions

Oct. 9, 2014
SIA Security Market Index hit 72.3 last month

The Security Industry Association recently released its latest SIA Security Market Index, a bimonthly measure of business confidence in the security industry, revealing industry executives have an improving view of markets in the future.

The SIA Security Market Index hit 72.3 in September 2014, as compared to the previous July 2014 Index of 62, the latter reflecting a cooler outlook compared to the latest, more business-comfortable Index.

The SIA Security Market Index surveys a select group of nearly 100 executives at SIA member companies to gauge the state of the industry. Individual responses are kept anonymous, and only aggregate results are released.

Overall, executives provided their outlook as to how the security industry will perform in the next three months:

  • 45 percent said much better
  • 41 percent, a little better
  • 18 percent, no change
  • 5 percent, a little worse
  • 1 percent, much worse

"Integrator and end user interest in improving their security technologies bodes well," wrote one security video manufacturer.

When accessing obstacles to growth at their companies, most executives agreed that keeping up with technological change is their biggest challenge:

  • Keeping up with technological change, 42 percent
  • Finding the right marketing approach, 18 percent
  • Maintaining a quality workforce, 14 percent
  • Government mandates and regulations, 10 percent
  • Challenges of globalization, 7 percent
  • Weak economy, 6 percent
  • Other, 2 percent

The full results of the SIA Security Market Index are available on the SIA website.