SILVER SPRING, Md. — Political conflict and gridlock may be weighing on some businesses,
but more than seven out of 10 respondents to the Security Industry Association (SIA)’s September-October Security Market Index survey of security industry leaders reported positive conditions at
their companies.
While 28 percent of survey participants said current business conditions are “excellent,” 43 percent described them as “good.” The total of 71 percent is down 3 percentage points from the July-August survey.
Just under 19 percent cited “average” conditions, with the remaining responses being
either “fair” or “poor,” according to the SIA announcement.
“Due to the lack of a U.S. government budget, many of our initiatives are on hold,” a respondent from the access control/identity management sector said in their response to the latest Security Market Index survey. “Constantly dealing with continuing resolutions affects our short- and long-term forecast for R&D, sales and production.”
More Security Market Index Survey Insight
Security Market Index survey participants came from all sectors of the security industry, with the biggest
representation from the access control/identity management (23 percent) and integration (20 percent) sectors.
As was the case two months ago, integrators were more likely to report positive conditions than other
respondents, with half saying business is “excellent,” 38 percent describing it as “good,” and the rest saying things are “average.”
The September-October Security Market Index, which is calculated using a proprietary formula based on three-month projections related to five key business components, increased seven points – the largest jump in more than a year – from two months earlier to 55.
This is two points above the 12-month average of 53.
Among integrators, the September-October index spiked 13 points to 70.
“This month’s results show the resilience of the security industry,” says SIA board of directors chairman Scott Dunn of Axis Communications said. “Even amid challenging economic conditions and uncertainty caused by political strife, manufacturers and integrators continue to grow and prosper.”
