9/11 Security Industry Impact Disappearingby John Honovich, IPVM posted on Aug 31, 2011 About John Contact John
Certainly, 9/11 was a monumental event for the US Security Industry with significant growth after the terrorist attacks. Indeed, many other countries have seen similar shifts after their countries attacks, most recently in India.
Both prioritization and spending on security increased sharply after 9/11. An excellent survey report of the post 9/11 Security Industry can be found in a September 2011 SSI survey article, "9/11 Makes Security Priority #1." As the title states, the report provides a series of anecdotes and examples of how security's importance increased after 9/11.
A few comments stand out:
- Big jumps in spending, e.g., a "$20 million [project] turned into $35 million overnight"
- Glamour of the industry, e.g., "The electronic security industry went from the outhouse to the penthouse"
Looking back over the last ten years, terrorist attacks were a seminal event. Certainly, they were not the only key event as the rapid maturation of consumer internet technologies - software, digital cameras and storage - all drove advances in the industry.
While it is difficult to precisely estimate the role of 9/11 in growing the overall security industry, undoutedbly it was a major positive factor.
The Challenges Looking Forward
While the past decade might be seen as the era of anti-terrorism, current factors indicate a regression to more historical normal attitudes to both terrorism and security.
Below is a table that nicely illustrates the trend of declining terrorism concerns from Gallup
An August 2011 poll from a different source now claims Americans think economic issues are twice as important as terrorism.
Declining Anti-Terrorism and Defense Spending
We are already seeing significant signs of slowing security spending:
- DHS Anti-terrorism grants cut 25% or approximately $700 Million
- Major defense contractor and suppliers reporting declines in revenue as government projects slow
- The recent budget agreement likely to reduce military spending
With greater economic concerns and fading memories about terrorism attacks, it is fairly sensible that a deprioritization of the security industry will occur.
[Update: A number of the 9/11 commemoration articles criticize anti-terrorism spending waste.]
While improved technology will certainly continue to offer advances to the security industry, without any new threats, it is likely that security industry prioritization will recede significantly back towards pre-9/11 levels throughout this decade.
What Do You Think?
Most Recent Industry Reports
Testing the Resolution of the Human Eye on Dec 04, 2013
All sorts of wild guesses and theoretical calculations exist about what the resolution of the human eye is, with 576MP a common claim. No one we can find has ever actually tested it . . . until no...
Hikvision Cameras Tested on Dec 02, 2013
Hikvision claims to be the #1 surveillance manufacturer in the world. That's, well, debatable. What's not in dispute is that they have become huge, fueled by the massive Chinese market, with ...
Testing New Dropcam Pro Camera on Nov 25, 2013
VSaaS, overall, has been a disaster with nearly every provider, including gorilla Axis, struggling to make it big. The one clear exception has been Dropcam. It's end to end solution, targeted for ...
Bosch Flexidome Micro Shootout on Nov 22, 2013
Minidomes are very popular, likely the most popular of all IP camera form factors, due to their relative low cost and small size. Earlier this year, we tested 3 Axis M30 minidomes. Now, we are test...
10MP vs 5MP vs HD Shootout on Nov 20, 2013
HD cameras are commonplace. Everyone offers 1080p. The big question now is how much better is 5MP or 10MP? Is a 10MP camera 5 times better than 1080p as pixel count proponents claim? In this repor...
VMS Mobile Apps Guide on Nov 19, 2013
Every VMS supplier has mobile app clients now, even if many are still not using them. However, significant differences can exist across VMS implementations. In this guide, we review 15 key feature...
Samsung Wisenet III Camera Shootout on Nov 18, 2013
Samsung has never been a serious player in IP cameras, despite their success in other markets. Now, Samsung is pushing their Wisenet III release as their breakthrough offering. Is it really? We b...
Camera Selection Guide on Nov 14, 2013
Entrances, hallways, rooms and parking lots are perhaps the 4 most common areas where surveillance is deployed. But what is the best type of camera for each? What resolution, form factors and FoV a...
Winners & Losers Fall 2013 on Nov 04, 2013
New product releases were terrible this fall. The biggest news was the debatable entry of Axis and Milestone into access control. But the biggest gains might be for Chinese manufacturers who are an...
Testing Geovision Mini IR Camera on Nov 01, 2013
Integrated IR continues to be a growing trend, moving into cameras at both the high and low ends of the spectrum. One new model from Geovision, the 1.3MP GV-UBX1301 claims 10m illumination ran...