X
Get all access to the world's best video surveillance information.
Logo
Free-book-promo-680-70

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

Genetec and Milestone Access Tested on Apr 23, 2014
Video management software companies entering access control is a growing trend. One of the first to do this was Genetec, who now has a long history in both video and access. Indeed, they market th...

7 Key Surveillance Trends for 2014 on Apr 21, 2014
Here are the 7 key trends we see for the video surveillance market emerging in 2014: Low cost camera manufacturer competitive shift FLIR and Samsung aggressive expansion 4K camera problems e...

Testing Vivotek Smart Stream on Apr 18, 2014
Reduce storage costs by 30%, claims Vivotek. Their new "Smart Stream" feature intelligently compresses video streams such that moving objects get higher quality than background, stationary pa...

ONVIF Mega Test on Apr 16, 2014
In this groundbreaking report, we share findings of in-depth ONVIF testing. ONVIF Real World Integration We tested 14 camera manufacturers with 5 VMSes, performing 70 total integrations. The cam...

7 Quizzes - Can You Pass? on Apr 14, 2014
A major new offering, now IPVM members can take a series of 7 quizzes, plus they can assign them to their co-workers who are also IPVM members. 7 Quizzes to Start We are starting with 7 quiz...

Super Low Lux Minidome Tested on Apr 10, 2014
'Super' low light cameras have become increasingly common in box and full size cameras. However, no one we know has offered them in a minidome, the most common form factor for many users, valu...

Testing 'Megapixel' Analog Camera on Mar 26, 2014
Megapixel analog sounds like a contradiction in terms. 'Analog' by definition, or at least in common use, is constrained by 60+ year old NTSC / PAL specifications and cannot be 'megapixel.' Howeve...

Ranking 95 Surveillance Manufacturers Interest on Mar 24, 2014
IPVM has ranked interest levels in 95 surveillance manufacturers from most to least. These are the companies covered: Over 400 IPVM members selected which of these companies they were interested...

2014 Surveillance Test Results Guide Released on Mar 19, 2014
Inside, get the 50 page IPVM 2014 Surveillance Test Results Guide and register for the 1 hour live webinar. In the past year, IPVM has spent thousands of hours conducting over 75 tests, representi...

Testing Pelco SureVision 2.0 on Mar 17, 2014
Pelco's new SureVision 2.0 line promises superior low light and wide dynamic range capabilities, claiming "industry-leading image quality in the most difficult lighting conditions." But does it del...