SIA's Latest Security Market Index Shows Returning Confidence
The September/October 2020 Security Market Index (SMI), released by the Security Industry Association (SIA), shows that after May/June 2020’s low SMI in the midst of the coronavirus pandemic, the industry is returning to confidence, a trend that was seen also in the July/August SMI report.
The Security Market Index measures the current status and future expectations of security industry executives 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 nine specific business measures: Number of employees or hours worked; marketing spending; product production or service output; capital equipment spending; product inventories or service backlogs; R&D spending; new product or service introductions; product or service sales; and new orders or contracts.