In 2019, the Security Industry Association (SIA) led the industry in proactive efforts to grow the next-generation security workforce. SIA spearheaded a number of initiatives to support the advancement of women and young professionals in the industry, engaged students in understanding what security careers have to offer and helped companies learn how to better recruit and retain talent.
This annual report details the most substantial of these accomplishments and how SIA and its members and partners collaborated to advance the security industry through conferences, thought leadership, award programs and more – all while substantially growing SIA’s membership.
Letter from the 2019 Chairman
Dear SIA members and industry colleagues,
Although 2020 has already been a year of challenges, due to the global COVID-19 pandemic, this report looks back to 2019 – a year in which the security industry experienced the best performance in its history. Our industry grew in all segments. New, compelling technologies made a positive impact: artificial intelligence, analytics, facial recognition, cloud, the Internet of Things, software as a service, robotics, drones and new services all improved security solutions globally. 2019 marked SIA’s 50th anniversary, and it will be recorded as the year in which your association made tremendous progress to advance the security industry.
Chairman, SIA Board of Directors, April 2018-March 2020
Across the security industry, there is a need for more skilled workers, and the convergence of cybersecurity and physical security has brought along a demand for more technical professionals as well. In SIA’s 2020 Megatrends report, 73 percent of poll respondents said they had added cybersecurity specialists to their organizations’ ranks, with 21 percent planning for it now, and 46 percent had already enlisted data privacy specialists, with 33 percent planning to do so now.
One of the biggest challenges the industry faces is attracting, onboarding and retaining quality talent. SIA noted the importance of addressing workforce development challenges in the 2020 Megatrend report – with workforce development ranking eighth on the list of top trends facing the industry – and has taken major steps toward growing and diversifying the talent pipeline over the last year.
In 2019, SIA’s standards efforts continued along the path of achieving higher security, functionality and interoperability, particularly in access control, with several SIA Open Supervised Device Protocol (OSDP) initiatives. The 2019 SIA InteropFest – a special event highlighting interoperability among security solutions – showcased the demand of OSDP in innovative environments as Jimmie Lee of Facebook Global Security discussed the importance of efforts like SIA OSDP.
At ISC West 2019 in Las Vegas, Nevada, SIA Education delivered 84 sessions at the Sands Convention Center April 9-11. Key ISC West session topics included smart cities and converged security, artificial intelligence in physical security, emerging leaders in the security industry and cybersecurity maturity metrics for security organizations.
In 2019, SIA corporate membership increased 13 percent over 2018. A full 96 percent of members would recommend SIA to industry colleagues, according to SIA’s 2019 Member Satisfaction Survey.
The balance sheet and statement of activities shown in the SIA Annual Report have been audited and are accurate depictions of the financial position of the Security Industry Association as of Dec. 31, 2019. The information that follows illustrates the major categories of revenues and expenses related to SIA's activities. The association's operations for fiscal year 2019 conformed to the strategic plan approved by the SIA Board of Directors and revealed another strong year end with revenues over expenses.
Audited by Tate & Tryon, CPAs.