SDM’s annual Industry Forecast Study measures the health and viability of the electronic security industry. Factors include revenue increases and decreases, expected growth for the coming year, pricing trends, and challenges that installing companies face.
Last year was good, but 2018 could be great, say security integrators and security dealers who participated in the 2018 SDM Industry Forecast Study and Panel, a report that SDM has published annually since 1982. The economy is roaring.
Results of SDM’s Industry Forecast Study, coupled with an outlook from leading dealers and integrators, offers positive assurance for the security industry’s 2015 performance: 13.9 percent growth. It will be driven by a higher level of services being offered to consumers and businesses.
Winning a security project today is a bit like playing a game of chess. With every potential job, you face a wide variety of opponents (competitors) who have an even wider variety of moves (security offerings/competitive advantages), all aimed at putting your king into checkmate; in effect, freezing you out of the job.
Flat is a four-letter word when it comes to the economic performance of the security installation channel in 2011. Despite predictions last year for a meager, yet optimistic 1 percent uptick in 2011, expectations did not materialize and total industry revenue neither grew nor fell — keeping at $43.9 billion. Perhaps because of this, integrators and security dealers are now ultra cautious, offering flat projections for 2012.
Industry Grew 9 Percent in 2006; Can 2007 Repeat?Total industry revenue from the sale, lease, installation, service, and monitoring of security systemsTotal industry revenue ($ billions)Total annual industry revenue collected
For those involved with fire protection systems and equipment, special hazards, chemical and hazardous material storage and handling, building fire protection, life safety, electrical installations, or security products, systems and
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".