X
Get all access to the world's best video surveillance information.
Logo
680-70-2015-free-banner

9/11 Security Industry Impact Disappearing

by 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:

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.]

Outlook

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

HD Analog Four Way Cameras Tested on Aug 28, 2015
One camera that delivers AHD, HDCVI, HDTVI and 960H, all for as little as $15 a camera. Both on price and claimed support, that is pretty outstanding. And we are hearing from people all over the w...

The Prox Reader Shootout on Aug 27, 2015
In this report, we put eight readers of the popular 125 kHz contactless format head to head and see which one rises to the top. Over a third of integrators call 125 kHz 'favorite', and tens of t...

Axis WDR Zipstream Low-Cost M1125 Tested on Aug 26, 2015
Axis has been busy promoting speciality devices like IP horns and video intercoms. However, they have quietly released a new series of low-cost HD cameras with true WDR and Zipstream support, spec...

IPVM Launches Live Chat Room on Aug 24, 2015
Now you can get help or talk with colleagues any time with IPVM's new Live Chat. Chat is as old as AOL chat rooms and as hot as mega-startup Slack. Benefits of Chatting Ask a question anytime,...

SMB Market Video Surveillance Guide on Aug 20, 2015
This 13-page guide explains the key uses, design factors, and players in the small-medium business surveillance market. A global group of 90 integrators responded, each offering insigh...

The $100 Intrusion System Korner Tested on Aug 18, 2015
Multi-year contracts at $30 per month are the norm. Now a startup is offering an intrusion system for $59 up front and just ~$3 monthly. The company, Korner, has billed itself as the "Home S...

Panasonic 4K / 12MP Camera Tested on Aug 17, 2015
We bought the new Panasonic 4K / 12MP WV-SFV781L dome camera and tested it against the:  Axis P1428E Bosch NBN-80122 Dahua IPC-HFW4800E In this in-depth report, we tested: ...

Testing Petzi, The Pet Cam That Shoots Treats on Aug 14, 2015
Do you love dogs? Do you love the Internet of Things? Then we have a product for you. Half camera, half remote-controlled pet treat dispenser, Petzi lets you shoot treats at your dog. That'...

Genetec Cloud Tested on Aug 12, 2015
Not since Axis public and prolonged agony with AVHS, has a major manufacturer bet as heavily as Genetec is now doing on the cloud. Genetec started with Stratocast, which took a similar small ...

Samsung AHD Tested on Aug 11, 2015
Not long ago, an individual MP camera was commonly $300 and a DVR was commonly $300. Now, Samsung is offering (4) MP cameras plus a DVR for ~$330 all-in. We bought the Samsung SDH-...