In 2018, the security industry made meaningful strides in the effort to grow its diversity. The Security Industry (SIA) stood at the forefront of these activities with a number of exciting new initiatives focused on diversity and inclusion. 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 SIA grew its membership by record numbers.
Letter from the Chairman
Dear SIA members and industry colleagues,
In 2018, SIA strengthened its efforts to support the security industry through a robust workforce development effort and initiatives to foster a diverse industry. Through programs like SIA’s Women in Security Forum, the introduction of a free academic memberships for students and partnerships to develop tomorrow's leaders, SIA is leading the charge in promoting a growing, inclusive security industry.
Chairman, SIA Board of Directors
Diversity in the workforce is critical for many reasons, and recent research from McKinsey and Company makes it increasingly clear that companies with more ethnic, gender and cultural diversity perform better financially. SIA noted the importance of inclusiveness in the industry in its 2019 Megatrends report and has taken major steps toward advancing diversity and growing the talent pipeline over the last year.
SIA is committed to leading the security industry toward gender parity and bringing more women to the field. On March 8, 2018 – International Women’s Day – SIA announced the establishment of the Women in Security Forum, a group for both women and men that offers programs, professional development opportunities and networking events that support the participation of women in the security industry.
2018 was another exciting year in SIA standards, as the flagship standards activity, SIA Open Supervised Device Protocol (OSDP), took another leap in development, making the jobs of security systems integrators and security practitioners easier. With the number of access control suppliers implementing SIA’s OSDP protocol reaching a critical mass, the focus of the OSDP Working Group shifted towards improving the utility of the specification and providing guidance for the security teams that are using it.
At ISC West 2018 in Las Vegas, Nevada, SIA Education delivered 88 sessions at the Sands Convention Center April 10-12. The final conference evaluation scores show a .25-point increase in the average session rating (85.08 in 2018 vs. 84.83 in 2017) and a 4.38-point increase in the average speaker rating (88.05 in 2018 vs. 83.67 in 2017).
In 2018, SIA corporate membership increased 13 percent over 2017. A full 97 percent of members would recommend SIA to industry colleagues, according to SIA’s 2018 Member Satisfaction Survey.
AT ISC WEST 2018, SIA PRESENTED THE 39TH ANNUAL EDITION OF THE SIA NEW PRODUCT SHOWCASE.
IPConfigure took top honors in 2018, with its Orchid Core VMS Axis Camera Application Platform winning Best New Product.
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, 2018. The information that follows illustrates the major categories of revenues and expenses related to SIA's activities. The association's operations for fiscal year 2018 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.