Security Industry Association Unveils First-Ever U.S. Economic Impact Study

The Security Industry Association (SIA) has unveiled the first-ever national economic impact study on the security industry, highlighting the positive impact the security industry has on jobs, wages and federal and state revenue in the United States. The study, conducted by Florida-based John Dunham & Associates, uses the most current methodology and data available from 2024.

The study found that the security industry – as a dynamic and rapidly growing sector of the national economy – has a total economic impact of $431.3 billion, supporting 2.1 million jobs and $145.5 billion in wages, including supplier and induced economic activity.

“SIA’s new Security Industry Economic Impact Report describes the significant economic impact of the security industry in the United States as a key source of employment and leading contributor to our economy,” said SIA CEO Don Erickson. “The report provides very compelling data points that should be considered by government officials as they contemplate the impact of potential regulation and legislation upon security businesses. We expect that the report’s findings will also be leveraged by employers to better compete against other industries for qualified talent.”

The security industry’s direct economic impact is $130.4 billion, providing 723,000 jobs and $46.7 billion in wages annually, which generates over $60 billion in federal, state and local tax revenue. Direct impact is measured across four overarching categories of activity: manufacturing, business to business activity, services and security personnel.

“John Dunham & Associates is proud to have collaborated with SIA on the Security Industry Economic Impact Report, which provides detailed information about the economic contributions generated by the U.S. security industry,” said John Dunham, president of John Dunham & Associates. “You can use this helpful interactive tool to see how the industry creates jobs in your state or congressional district and explore your local economic impact.”

Learn more about the security industry’s economic impact, including sorting the data nationally or by state or congressional district, and view study methodology on the report webpage.

Featured

  • TSA Intercepts 6,678 Firearms at Airport Security Checkpoints in 2024

    During 2024, the Transportation Security Administration (TSA) intercepted a total of 6,678 firearms at airport security checkpoints, preventing them from getting into the secure areas of the airport and onboard aircraft. Approximately 94% of these firearms were loaded. This total is a minor decrease from the 6,737 firearms stopped in 2023. Throughout 2024, TSA managed its “Prepare, Pack, Declare” public awareness campaign to explain the steps for safely traveling with a firearm. Read Now

  • 2024 Gun Violence Report: Fewer Overall Incidents, but School Deaths and Injuries Are on the Rise

    Omnilert, provider of gun detection technology, today released its compilation of Gun Violence Statistics for 2024 summarizing gun violence tragedies and their adverse effects on Americans and the economy. While research showed a decrease in overall deaths and injuries, the rising number of school shootings and fatalities and high number of mass shootings underscored the need to keep more people safe in schools as well as places of worship, healthcare, government, retail and commerce, finance and banking, hospitality and other public places. Read Now

  • Survey: Only 7 Percent of Business Leaders Using AI in Physical Security

    A new survey from Pro-Vigil looks at video surveillance trends, how AI is impacting physical security, and more. Read Now

  • MetLife Stadium Uses Custom Surveillance Solution from Axis Communications

    Axis Communications, provider of video surveillance and network devices, today announced the implementation of a custom surveillance solution developed in collaboration with the MetLife Stadium security team. This new, tailored solution will help the venue augment its security capabilities, providing high-quality video at unprecedented distances and allowing the security team to identify details from anywhere in the venue. Read Now

Featured Cybersecurity

Webinars

New Products

  • PE80 Series

    PE80 Series by SARGENT / ED4000/PED5000 Series by Corbin Russwin

    ASSA ABLOY, a global leader in access solutions, has announced the launch of two next generation exit devices from long-standing leaders in the premium exit device market: the PE80 Series by SARGENT and the PED4000/PED5000 Series by Corbin Russwin. These new exit devices boast industry-first features that are specifically designed to provide enhanced safety, security and convenience, setting new standards for exit solutions. The SARGENT PE80 and Corbin Russwin PED4000/PED5000 Series exit devices are engineered to meet the ever-evolving needs of modern buildings. Featuring the high strength, security and durability that ASSA ABLOY is known for, the new exit devices deliver several innovative, industry-first features in addition to elegant design finishes for every opening. 3

  • Luma x20

    Luma x20

    Snap One has announced its popular Luma x20 family of surveillance products now offers even greater security and privacy for home and business owners across the globe by giving them full control over integrators’ system access to view live and recorded video. According to Snap One Product Manager Derek Webb, the new “customer handoff” feature provides enhanced user control after initial installation, allowing the owners to have total privacy while also making it easy to reinstate integrator access when maintenance or assistance is required. This new feature is now available to all Luma x20 users globally. “The Luma x20 family of surveillance solutions provides excellent image and audio capture, and with the new customer handoff feature, it now offers absolute privacy for camera feeds and recordings,” Webb said. “With notifications and integrator access controlled through the powerful OvrC remote system management platform, it’s easy for integrators to give their clients full control of their footage and then to get temporary access from the client for any troubleshooting needs.” 3

  • FEP GameChanger

    FEP GameChanger

    Paige Datacom Solutions Introduces Important and Innovative Cabling Products GameChanger Cable, a proven and patented solution that significantly exceeds the reach of traditional category cable will now have a FEP/FEP construction. 3