Security Market is Solid, According to SIA Report

Security Market Index Survey May June 2023

More than three-fourths of respondents in the latest Security Industry Association (SIA) Security Market Index survey offered a positive take on current business conditions.

The May-June Security Market Index found that 77% of the survey pool — which comprises industry leaders who represent a cross section of SIA membership — describe conditions at their company as “excellent” or “good,” with 34% reporting the highest rating.

A similar number, 78%, said they expect conditions to improve during the next three months, with 22% saying they will get “much better” and 56% predicting conditions would get “a little better.”

Watch the video below to hear SIA director of industry relations Ron Hawkins share key takeaways and trends from the May/June SMI report.

When asked about the 2023 ISC West trade show, which took place March 28-31 in Las Vegas, respondents who attended had very good things to say, with more than one out of four describing the show as “one of the best — if not the best — ever” and more than half calling it an “excellent show.” Less than 2% of respondents had a negative view of the event. SIA is the premier sponsor of ISC West and ISC East.

The full report on the Security Market Index, which is supported by Wesco, is available here.