Confidence in Security Industry Continues End of year Climb

  • Dec 03, 2014

The SIA Security Market Index rose to 74.6 in November 2014, up from 72.3 in September. That continues a climb that began with an index that weighed in at only 62 in July 2014.

The increasing sense of confidence has been heightened by new products, good sales and strong orders in the past two months, industry leaders told the Security Industry Association (SIA).

The SIA Security Market Index, a bimonthly measure of business confidence in the security industry, surveys a select group of nearly 100 executives at SIA member companies to gauge the state of the industry. Individual responses are kept anonymous, and only aggregate results are released.

"Across the board, security companies indicated that they are feeling bullish about the performance of the security industry in the coming months," said Ron Hawkins, SIA manager of special projects and partnerships. "The survey's findings are consistent with the performance of the U.S. economy overall, with strong growth in the past two quarters providing hope that we are, perhaps, about to finally escape the post-Great Recession doldrums."

When executives were asked how they expected their companies to do during the next three months:

  • 38% said they would fare much better
  • 42%, a little better
  • 15%, no change
  • 4%, a little worse
  • 1%, much worse

The November 2014 SIA Security Market Index also asked respondents their view of the Internet of Things (IoT) and its impact on the security industry. IoT expansion could potentially broaden the influence of security devices, but survey respondents noted several challenges (they could choose more than one):

  • 75%, danger of security and privacy to end users
  • 60%, no across-the-board standards, architecture
  • 60%, lack of interoperability of new products
  • 50%, little sufficient battery life inside device
  • 45%, no tangible IoT infrastructure
  • 45%, lack of end users to see value
  • 10%, no fully accepted next-generation IPv6
  • 10%, lack of manufacturers to commit; loss of competitiveness

Featured

  • Security Today Announces 2025 CyberSecured Award Winners

    Security Today is pleased to announce the 2025 CyberSecured Awards winners. Sixteen companies are being recognized this year for their network products and other cybersecurity initiatives that secure our world today. Read Now

  • Empowering and Securing a Mobile Workforce

    What happens when technology lets you work anywhere – but exposes you to security threats everywhere? This is the reality of modern work. No longer tethered to desks, work happens everywhere – in the office, from home, on the road, and in countless locations in between. Read Now

  • TSA Introduces New $45 Fee Option for Travelers Without REAL ID Starting February 1

    The Transportation Security Administration (TSA) announced today that it will refer all passengers who do not present an acceptable form of ID and still want to fly an option to pay a $45 fee to use a modernized alternative identity verification system, TSA Confirm.ID, to establish identity at security checkpoints beginning on February 1, 2026. Read Now

  • The Evolution of IP Camera Intelligence

    As the 30th anniversary of the IP camera approaches in 2026, it is worth reflecting on how far we have come. The first network camera, launched in 1996, delivered one frame every 17 seconds—not impressive by today’s standards, but groundbreaking at the time. It did something that no analog system could: transmit video over a standard IP network. Read Now

  • From Surveillance to Intelligence

    Years ago, it would have been significantly more expensive to run an analytic like that — requiring a custom-built solution with burdensome infrastructure demands — but modern edge devices have made it accessible to everyone. It also saves time, which is a critical factor if a missing child is involved. Video compression technology has played a critical role as well. Over the years, significant advancements have been made in video coding standards — including H.263, MPEG formats, and H.264—alongside compression optimization technologies developed by IP video manufacturers to improve efficiency without sacrificing quality. The open-source AV1 codec developed by the Alliance for Open Media—a consortium including Google, Netflix, Microsoft, Amazon and others — is already the preferred decoder for cloud-based applications, and is quickly becoming the standard for video compression of all types. Read Now

Most   Popular

New Products

  • 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.

  • HD2055 Modular Barricade

    Delta Scientific’s electric HD2055 modular shallow foundation barricade is tested to ASTM M50/P1 with negative penetration from the vehicle upon impact. With a shallow foundation of only 24 inches, the HD2055 can be installed without worrying about buried power lines and other below grade obstructions. The modular make-up of the barrier also allows you to cover wider roadways by adding additional modules to the system. The HD2055 boasts an Emergency Fast Operation of 1.5 seconds giving the guard ample time to deploy under a high threat situation.

  • Compact IP Video Intercom

    Viking’s X-205 Series of intercoms provide HD IP video and two-way voice communication - all wrapped up in an attractive compact chassis.