Security Market Index: November/December 2024 Edition
Nearly 4 in 5 Security Companies See Positive Conditions
The security industry ended the year 2024 on a high, with 78% of respondents to the latest Security Industry Association (SIA) Security Market Index (SMI) survey of security industry leaders describing current conditions for their companies in positive terms.
SIA thanks Wesco for supporting the Security Market Index.
About one-fourth of respondents described conditions as “excellent,” while 53% said they are “good”: a 7-point increase from the September-October index.
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 November-December 2024 SMI include:
- A strong growth forecast for the next three months
- Insights following the Federal Reserve’s third rate cut in a row
- Perspectives on the forecast for the industry going into 2025
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