New product introductions, sales and new orders drove SIA’s Security Market Index up to 74.6 in November, SIA reports.
That’s up from 72.3 in September and 62 in July.
Independent researcher Maddry Associates conducted the bimonthly Internet survey of nearly 100 executives from SIA member companies.
"Across the board, security companies indicated that they are feeling bullish about the performance of the security industry in the coming months," Ron Hawkins, SIA manager of special projects and partnerships, said in a prepared statement. "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."
Executives participating in the survey gave this take on how they expected their companies to do during the next three months:
- 38 percent, they would fare much better
- 42 percent, a little better
- 15 percent, no change
- 4 percent, a little worse
- 1 percent, much worse
The full results of the SIA Security Market Index are available to SIA members and can be found here.