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SIA’S SECURITY MARKET INDEX SHOWS POSITIVE SIGNS FOR INDUSTRY | #Verdafero #SIA #Security #Report | REPORT FINDS REBOUNDING CONFIDENCE IN ACCESS AND VIDEO MARKETS; UNDERLYING CONCERNS STILL AMONG INTEGRATORS (SSN)
Provided to Security Industry Association (SIA) members as a review of current market conditions, the September/October 2020 Security Market Index (SMI) shows industry confidence continues to climb, returning to pre-COVID numbers.
The SMI for September/October 2020 is 49, up from 32 in the July/August report and up from 30 in the May/June report. The last time the security industry’s confidence was this high was in the March/April SMI, which recorded a confidence level of 50 before the full effect of the pandemic impacted the security industry. An index above 50 indicates that conditions within the industry are largely positive and that security industry professionals are predominantly confident in their business outlooks.
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