Security Industry Association Releases 2021 June/July Security Market Index
Provided to Security Industry Association (SIA) members as a review of current market conditions, the June/July 2021 Security Market Index (SMI) shows that the security industry’s outlook is on the rise this summer, with a SMI of 67, up from 54 in April/May. 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.
In the June/July SMI survey, 84 percent of industry survey respondents rated current business conditions as “good” or “excellent,” 60 percent of security professionals reported increases in marketing spending and 93 percent believe business conditions will be “much” or “a little” better within the next three months.