SIA Security Market Index Shows Hope Despite Lower SMI
Despite a dip in February’s Security Market Index (SMI), security professionals are hopeful for a return to normalcy, the latest report from the Security Industry Association (SIA) indicates.
The SIA Security Market Index is a bimonthly review of current market conditions, with data taken from a 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; and product or service sales.