The Security Industry Association (SIA) has released its May-June 2026 Security Market Index (SMI), a bimonthly market research report that measures current conditions and future expectations among security industry executives through a survey of SIA members.

According to the report, 80% of respondents described business conditions at their companies as either excellent (19%) or good (61%). The result represents an 8-point increase from the March-April survey.

The Security Market Index has been published by SIA for nearly 30 years and is calculated using a proprietary formula based on three-month projections across five business categories: capital equipment spending, number of employees or hours worked, marketing spending, product and service sales, and research and development.

“It’s always good to see such positive outlooks in the industry,” said Mike Mathes, chair of the SIA Board of Directors. “We are fortunate to be able to work that helps keep people safe and that improves quality of life throughout the country and around the world.”

SIA CEO Don Erickson said the report includes feedback from manufacturers, systems integrators and security installing companies.

“For nearly three decades, the Security Market Index has been the definitive bellwether of market confidence in our industry, bringing in feedback from manufacturers as well as a strong response from systems integrators and security installing companies,” Erickson said. “This report always features candid takes from security integrators on their business performance and outlook, which is especially important because they’re often the first to feel market changes.”

The May-June 2026 report also examines security leaders’ perspectives on industry growth forecasts, inflation, labor market conditions and the impact of rising prices on security businesses.