Results of SDM’s 2019 Industry Forecast Study show that security integrators grew their total annual revenue by an average of 15 percent last year; they expect that momentum to bring them face-to-face with prosperous opportunities in 2019, as long as the economy stays strong.
Security integrators expect their stellar 2018 performance to continue into 2019, according to results of SDM’s 2019 Industry Forecast Study, a report published annually by SDM since 1982. Last year saw double-digit growth in both total annual revenue and recurring monthly revenue (RMR) for integrators and dealers who participated in the study.
In 2018, host country Russia went to great extent to ensure that it provided the tightest security possible surrounding World Cup events; news reports at the time gave us a glimpse into some of the tactics and resources.
Recently Honeywell announced that Resideo will be the corporate name of the Honeywell Homes product portfolio and ADI Global Distribution businesses when they become a stand-alone, publicly traded company following completion of a spin-off that is expected by the end of 2018.
Security systems integrators manage a diverse set of projects with demanding requirements. Their suppliers play a chief role in helping them meet those requirements and exceed their customers’ expectations.
At the Lockport City School District in Lockport, N.Y., the surveillance system is being upgraded to a facial recognition system that will check each face against a database of “expelled students, sex offenders and other possible troublemakers,” according to an article by Associated Press that was picked up the week of July 22 by several media outlets, among them FoxNews.com.
In the security systems integration industry, while factors such as a great economy and stimulation of buyers by continued security threats are contributing to growth, it’s the morphing of security technology into broader business applications that is starting to drive noticeable demand.
With every set of opportunities comes an often equally matched set of challenges. This is especially true for security integrators today, as both an active economy and a never-ending list of security concerns continue to stimulate sales — all bolstered by end users’ desire to apply security technology across multiple business functions.
In our August issue, we present "State of the Market: Smart Home". Check out the winners of "The 14th Annual Monitoring Center Excellence Awards" and "3 Recommendations for Making the Most of Today’s Intercoms". Also, check out the "5 Critical Factors for Video Power & Transmission Success".