Security Confidence Down: Research

Tuesday, March 10, 2015 @ 05:03 PM gHale

Confidence in the security marketplace among industry leaders dipped last month after rising throughout 2014, according to the February 2015 SIA Security Market Index.

The SIA Security Market Index, drawn from an independent survey of members of the Security Industry Association (SIA), saw a decline to 73.6 after hitting a high of 74.6 in the November 2014 survey. (November saw an increase from 72.3 in September 2014.)

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“There was good economic improvement and diverse tech advances in 2014; but this year, we could see a softening,” said one response to the survey.

Generally, optimism remained high as respondents suggested how well their companies would perform in the next three months:
• 32 percent said much better
• 40 percent, a little better
• 25 percent, no change
• 2 percent, a little worse
• 1 percent, much worse

Respondents also shared their outlook on which vertical market sectors would be the most robust in sales of products and services by the end of this year. Respondents could select more than one vertical market in response. The top choices:
• 80 percent, International Sales
• 70 percent, Healthcare
• 60 percent, Critical Infrastructure
• 50 percent, Retail
• 50 percent, Residential: Security
• 50 percent, Government: Local

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