Security Market Index: September/October 2024 Edition
Positive Conditions Abound as Index Spikes
Political conflict and gridlock may be weighing on some businesses, but more than seven out of 10 respondents to the latest Security Industry Association (SIA) Security Market Index (SMI) survey of security industry leaders still reported positive conditions at their companies.
SIA thanks Wesco for supporting the Security Market Index.
While 28% of survey participants said current business conditions are “excellent,” 43% described them as “good.”
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 September/October 2024 SMI include:
- A large growth forecast for the next three months
- Insights following the Federal Reserve’s interest rate cut for the first time since COVID-19 struck
- Perspectives on which Election Day outcome(s) would be best for security industry businesses
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