AI in Security

Part
01
of seven
Part
01

Market Size of Artificial Intelligence in Law Enforcement Security

The artificial intelligence market was valued at $16.06 billion and expected to reach $190.61 billion by 2025, growing at a CAGR of 36.62%. Some interesting examples of AI and robotic use cases for law enforcement include autonomously research, analyze and respond to requests for international mutual legal assistance.

HELPFUL FINDINGS

  • AI and robotics are new concepts for law enforcement and there are expertise gaps which should be filled to avoid law enforcement falling behind.
  • Many countries are exploring the application of AI and robotics in the context of law enforcement.
  • Some countries have explored further than others and a variety of AI techniques are materializing according to different national law enforcement priorities.
  • In general, the law enforcement community is modest about its national capacities but is eager to develop its experience and capabilities.
  • The INTERPOL Police Technology and Innovation Radar, a world-wide overview of new, emerging technologies and their use in police practice are collected, can support in this endeavor.
  • Artificial intelligence is the foundation for the next generation of law enforcement tools.

AI and robotic use cases for law enforcement

  • Some interesting examples of AI and robotic use cases for law enforcement include autonomously research, analyze and respond to requests for international mutual legal assistance.
  • Advanced virtual autopsy tools to help determine the cause of death.
  • Crypto-based packet tracing tools enabling law enforcement to tackle security without invading privacy.
  • Facial-recognition sunglasses are the latest addition to China’s tracking arsenal. This technology has enabled the police to track people in high traffic areas. The technology’s efficacy has been tested as it was able to track and capture seven individuals wanted in major cases and twenty-six individuals traveling with false identities.
  • In the UK, artificial intelligence in law enforcement has taken the form of Harm Assessment Risk Tool (HART). Currently, HART helps decide if a suspect should be kept in custody due to recidivism risk.
  • Los Angeles Police Force has tapped the expertise of Palantir Tech to help integrate various databases to create a seamless data management process.

AI apps/tools for Law Enforcement

  • The first AI-driven law enforcement tools are going to involve evidentiary video management, and they are now arriving on the market or are soon to be launched.
  • Many law enforcement agencies do not have the resources to view all the video currently being captured by officer-worn and vehicle systems.
  • Reducing workload is going to be one of the first applications for AI in law enforcement operations.
  • Some of the most viable AI applications for law enforcement are bringing in robots to detect and deactivate bombs, using drones for surveillance, scanning social media for illicit activity, scanning social media for individuals who might be radicalized and creating Interview ‘bots’ to detect lies from suspects.

Overall AI market size and growth

  • The artificial intelligence market was valued at $16.06 billion in 2017.
  • It is expected to reach $190.61 billion by 2025, at a CAGR of 36.62% during the forecast period.
  • The base year considered for the study is 2017, and the forecast period is between 2018 and 2025.

RESEARCH STRATEGY

Our first approach was to look for AI applications deployed within the law enforcement market across the globe in portals that specialize in publishing information about artificial intelligence and law enforcement security. We were hoping to find data specific to security within the law enforcement. Here we were looking for a precompiled list of the usages along with the market size and growth. While, we could find ample amount of information on the tools/use cases/applications being deployed across the globe, there was no data available on the market size and growth. For this, we looked into articles and publications from Future Grasp, Emerj, Policemag, Boldbusiness, Forbes, ZDNet, Globalinitiative, etc. These sources were looked into since each of these had articles or publications related to the subject however the data within those were limited to applications and how the Law Enforcement industry is transforming with AI.

Next, we moved on to check for interviews from industry experts, where we were hoping to find estimated market size and growth for Global and US being presented in the form of a statement made by an expert. We looked into interviews of Bob Rogers Chief Data Scientist at Intel, Nick Bostrom is known for his research about the risks of developing artificial super intelligence, Demis Hassabis a British AI programmer, entrepreneur and a neuroscientist, Dag Kittlaus co-founder of Siri, etc. Other interviews include management from IBM, Tencent, Nvidia Corporation, Microsoft Corp. were also checked via company published press releases, official blogs, etc. While these covered some of the latest updates within the AI industry overall, there was no data on Market Size and growth of Artificial Intelligence in law enforcement security [US and Global].
For interviews, we scanned through a series of these from sources such as Forbes, Intel, IBM, Cooperreview, Mckinsey, Artificialnetwork, etc.

We then located major global companies who were into the development of AI solutions in law enforcement Security. These global companies included names such as Veritone, Axon, AccessData, Magnet Forensics, etc. We looked into their websites for press and media releases on the specific area, blogs, articles published on their websites, investor presentations etc. Although there could be stray information found such as AI solutions provided in the field, at the station, in the court, etc, there was no information relating to how much of the market in terms of percentage share they occupied or the size of the overall market they were looking into.

Lastly, we checked for published reports on the subject where we tried to triangulate the information based on publicly available data in the reports. We looked for the overall adoption rate of AI within the law enforcement Security across the globe. If found we would have looked for older reports finding the adoption rate and then present the difference between them as possible current and future growth. However, no such data was publicly available as the information were behind paywalls. We searched through sources such as Bains, Deloitte, MarketsandMarkets, InsightPartners, wiseguyreports, PRNewswire, etc. The only information that we found relevant was the overall global market size and growth of AI. No other data was found here that could have been used to triangulate the market size or growth.

Useful data or direct info is not available on global market size and growth of artificial intelligence used for security purposes in law enforcement. It is likely the info is not available because the countries across the globe are still considering the right application for AI when it comes to security purposes in law enforcement. It also appears that the assigned market is currently at a niche level and hence is not surveyed yet.

Part
02
of seven
Part
02

Market Size of Artificial Intelligence in Election/Voting Security

After an extensive search of marketing reports, white papers, and news articles, it is apparent that while the threat of artificial intelligence (AI) to the voting process — both in terms of hacking voting machines and in manipulating the voting public — is widely discussed, at present virtually none of the global $8.8 billion AI cybersecurity industry is focused on this particular problem.

THE GLOBAL AI CYBERSECURITY MARKET


AI AND ELECTIONS

  • Several countries, including the US, Japan, and Switzerland, have expressed concerns about AI being used to subvert elections via analyzing and manipulating the voting public (e.g., through social media) as well as hacking electronic ballot boxes.
  • A 2018 white paper published by the Committee on the Future of Voting states only that, "The influence of technological advances such as machine learning and data mining on the elections system needs to be better understood," indicating that AI cybersecurity is indeed in its infancy.
  • Entrepreneur magazine recently posted an article proposing that AI solutions could be used to avoid voter fraud during elections; however, this once again bolsters the understanding that AI is not currently being used in this capacity.
  • Likewise, a 2018 white paper by Oracle indicates that few security experts (12%) see election interference as the biggest security challenge "in the age of AI," compared to, for example 30% for hacking attempts by foreign governments, 26% for malware attacks, and 23% for breaches of consumer data at the corporate level.

THE POLITICAL PROBLEM


ALTERNATIVE MEANS TO SECURE ELECTIONS

  • In the US, the movement to safeguard voting has been in the direction of eschewing voting machines: In 2006, only 28.02% of voters used paper ballots and 40.85% used a direct-recording electronic (DRE) voting machine, with the remainder using either a mix of the two or the old lever system. In 2017, 53.23% of voters used paper ballots and only 28.08% used DRE, with the remaining using a mix.
  • In 2018, the Japanese city of Tsukuba experimented with an online voting system which used blockchain technology (distributed digital ledgers) to safeguard the results.

RESEARCH STRATEGY

We began our research by pulling existing market reports for the artificial intelligence security industry segment. While such reports are most often proprietary and expensive to obtain, the public abstracts often contain key insights like the market size and growth (useful in establishing an extreme upper bound in a market-sizing request), segmentation by geography or industry vertical, and key players.

Interestingly, the available market reports do not mention election security as a consideration of the market growth, and though increased spending by government and defense end-users is expected to be one of the growth drivers, the available abstracts do not indicate what percentage of the market they are expected to comprise.

Since market report abstracts did not have the needed information, we next looked to organizations like Verified Voting, which has long expressed concerns about cybersecurity in the election process in the US. This led us to numerous articles echoing these concerns, including many which discussed the threats of AI to the democratic process, whether by hacking electronic voting booths or manipulating the voting public. Conspicuously absent from these articles, however, were discussions of current efforts to develop AI counter-measures to such attacks, let alone budget information about any such efforts. Rather, counter-measures focused on either removing computers from the equation (e.g., going back to paper ballots) or using alternative technologies like blockchain to safeguard the voting booth (see our findings above).
Part
03
of seven
Part
03

Market Size of Artificial Intelligence in Financial Services Security

While the global artificial intelligence (AI) cybersecurity market is well-documented and it is known that the financial sector is investing heavily in AI for a variety of end-uses, financial institutions have been very careful not to publicly disclose the details of their investments in this sector, likely to avoid giving away any competitive advantages. Based on the known global AI cybersecurity market, the global AI market, and the financial sector's total AI market, we have roughly triangulated the global market at about $3.1 billion and the North American market at just over $1 billion. However, financial institutions are investing far more into AI-based startups than is currently being generated as revenue.

THE GLOBAL AI CYBERSECURITY MARKET

TRIANGULATION

Note: The following calculation is based on the unsupportable assumption that the financial sector's share of the AI cybersecurity market will parallel their share of the total AI market. Based on the heavy investment of this industry in AI (see below), we believe that, if anything, this estimate may low-ball the market.

  • The global AI market is expected to grow at a CAGR of 26% and reach $71 billion by 2024.
  • The AI market for banks, financial services, and insurance (BFSI) is expected to be $25 billion in 2024, but expected rate of growth was not publicized in our source.
  • If we assume similar growth rates, this would give BFSI a 35% share of the market both in 2024 and now (25 / 71, rounded).
  • This would give BFSI a global AI cybersecurity market of $3.1 billion today ($8.8 billion x 0.35).
  • If this market has a similar spread to the North American segment of the total AI cybersecurity market of 1/3, then the North American BFSI AI cybersecurity market would be worth just over $1 billion today.
However, see below; the amount being invested is likely far greater than the current revenues being generated.

AI IN THE FINANCIAL SECTOR

  • It is estimated that the financial sector is investing at least €10 billion ($11.2 billion USD) on AI per year as a part of the $17.4 billion USD currently being invested in the financial technology sector, though not all of it on security.
  • Emerj notes that several banks have recently made sizable but undisclosed investments in AI, either in-house or in the form of venture capital, and, though lacking details, speculates that "more mundane business intelligence or cybersecurity will eat up most of the AI budget for these large banks."
  • For example, Citi Ventures, the venture capital arm of CitiBank, recently invested an undisclosed amount in Feedzai, "a leading global data science enterprise that works in real-time to identify and eradicate fraud in all avenues of commerce including online and in-person banking."
  • Perhaps because of this secrecy, combined with the fact that cybersecurity works in the background, many articles discussing AI in banking fail to mention the security aspect at all.

ADDITIONAL READING

If having a more precise answer than can be obtained from the public domain is vital, the Markets & Markets 2019 "Artificial Intelligence in Cybersecurity Market" report may contain more information. Due to the report's high cost, we recommend contacting an agent before purchase.

RESEARCH STRATEGY

We began our research by pulling existing market reports for the artificial intelligence security industry segment. While such reports are most often proprietary and expensive to obtain, the public abstracts often contain key insights like the market size and growth (useful in establishing an extreme upper bound in a market-sizing request), segmentation by geography or industry vertical, and key players. In this case, we were able to identify the total global AI cybersecurity market and the North American segment, but not the share of the financial sector.

Armed with the global market (which would serve as a basis for comparing any other figures we could locate), we began searching for white papers, interviews, or other articles in which either the market for AI cybersecurity is provided or, more likely since this is an early-stage industry (see findings above), how much money is being invested in AI security by financial firms. However, we found a pattern in the available public sources: While "sizable" investments in AI startups are frequently reported, the precise amounts — and very often, the exact purpose for which the AI being developed is intended — is nearly always undisclosed. We hypothesize that with AI anticipated to be an incredibly disruptive technology and the early "winners" expected to reap the most rewards, the financial industry is playing their cards very close to their chests in order to avoid giving away a competitive advantage.

Nevertheless, we attempted one final strategy to attempt to reasonably derive the answer. Since the current state of both the AI sector and AI cybersecurity are known, we pulled the annual reports of several of the largest banking institutions (e.g., BankCorp) to see if they highlighted their investments in AI or gave any hint of how much of that investment is towards cybersecurity. We found that while these corporations are happy to line-item, for example, charitable giving towards environmental causes, they did not publicize any information at all about their AI investments in their public financials.

Therefore, lacking sufficient public information, we have provided a rough triangulation based on the available data points, which we have explained step-by-step in our findings above.
Part
04
of seven
Part
04

Market Size of Artificial Intelligence in Immigration and Border Security

After conducting extensive research, we were unable to provide the global market size and growth of AI used for security purposes in immigration and border security, as the information is not publicly available. However, we found that the AI market was valued at $16.06 billion in 2017 and is expected to reach $190.61 billion by 2025, at a CAGR of 36.62% during the forecast period.

USEFUL FINDINGS

  • The issues relating to border security are usually dealt with by the military agencies of a country.
  • According to reports published by GlobeNewswire, the global AI-in-military market was valued at approximately $4.8 billion in 2018 and is expected to generate around $16.3 billion by 2026, at a CAGR of around 14.5% between 2019 and 2026.
  • The report also specifies that the increasing demand for Artificial Intelligence in the military is aimed at enhancing security in borders.
  • In another report published by Frost and Sullivan, the global border and maritime security market, which imparts a high impetus on cross-border data sharing and integrated security systems, is expected to grow two-fold from $19.22 billion in 2018 to $35.23 billion in 2028 at a 6% CAGR.
  • The report, as quoted above, also mentions that AI will power this adoption and integration of next-generation systems and technologies.
  • The global market size of security robots which is an example of the use of AI in immigration was around $2.13 billion in 2018 and is expected to reach approximately $3.72 billion by 2025, at a CAGR slightly above 8.28% between 2019 and 2025.
  • According to ICObench, the overall global market size of the international migration system had a market size of approximately $94 billion in 2017.
  • According to a market research report published by MarketsandMarkets, the border security system market is expected to grow to $52.95 billion by 2022, at a CAGR of 7.16% between 2016 and 2022.
  • The report, as quoted above, also notes that tackling issues such as infiltration and illegal immigration is a significant driver of the border security system market, especially in the APAC region.
  • According to a report published by MarketsandMarkets, the AI market was valued at $16.06 billion in 2017 and is expected to reach $190.61 billion by 2025, at a CAGR of 36.62% during the forecast period.

RESEARCH STRATEGY

To find out the global market size of AI used for security purposes in immigration and border security, your research team first looked at market research reports published by sources such as MarketsandMarkets, MarketResearch, GM Insights, Technavio, and Mordor Intelligence, among others. The team also searched through the archives of sources that compile news reports and releases such as GlobeNewswire, PRNewswire, Business Wire, etc. The aim here was to obtain the dollar value of the market, and its growth, either directly for the subsegments of immigration and border security or the percentage share of it within the overall market. However, owing to the specificity of the segments, there was no available report that provided the requested information. Although there were reports relating to the security systems used in the borders and immigration check-posts and largely powered by AI, there were also reports relating to the overall market size of AI. However, there was no available info for the market size of AI in immigration and border security.
The team located major global companies who were into the development of AI solutions for border security and immigration. These companies include Microsoft, Amazon, IBM, and Baidu, among others. The team went through their websites for press and media releases, blog articles, investor presentations, financial reports, etc., on the specific area. Although the team found that Microsoft struck a $19.4 million contract with ICE for AI, there was no information relating to how much market in terms of percentage share they occupied or the size of the overall market.
Your research team then searched for sites such as AI News, AI Magazine, and AI Weekly, among others that provide AI-related publications. Other sites visited include TechRadar, Tech Gadget, TechCrunch, TNW, and ZDNet which provide tech-related information. Although these sources provided detailed insights relating to new developments in AI and its use in immigration and border security. However, there was no information about the overall market size.
Finally, the team looked into comprehensive industry analysis reports published by reputable agencies such as McKinsey, PWC, BCG, Deloitte, and F&S. The team looked into both types of reports that either covered the domains of AI globally or border security and immigration. Although these reports provided overall market sizes separately and detailed the new progress and developments made in the area, there was no information specific to the market size and growth of AI used for security purposes in immigration and border security.

Part
05
of seven
Part
05

Market Size of Artificial Intelligence in Facilities Security

While, due to being a small niche of a known market, the exact size of the market for AI used in facilities (specifically, so called "smart buildings") for security purposes is not currently in the public record. Based on the available information, we triangulate it to be no more than $2.3 billion, but this is a rough estimate.

THE GLOBAL AI CYBERSECURITY MARKET

GLOBAL AI SMART BUILDING MARKET

  • The global smart building market was $8.49 billion in 2016 and it is estimated that it will reach $51.44 billion by 2023; this gives us a CAGR of 29.35%.
  • At that rate, the global market would be $18.4 billion in 2019.
  • It is estimated that one-third of the smart building market "will be backed by AI technologies in the next five years," but there is no public information on the state of the AI segment of the market today, let alone how much is dedicated to security.

TRIANGULATION

Note: This triangulation is based on several assumptions which will be explained at each step. Consequently, it must be taken as a rough estimate that likely overstates the current market size.

  • It is estimated that the global AI market will grow at a CAGR of 26% and reach $71 billion by 2024. Working backwards, this gives us a 2019 market of approximately $22.5 billion.
  • This means that the cybersecurity sector is approximately 39% of the total market (8.8 / 22.5, rounded).
  • If the AI segment will be one-third of the 2024 smart buildings' industry in five years, it can be no more than $6.1 billion ($18.4 billion / 3) today — admittedly likely far less.
  • If the smart buildings market follows the rest of the AI market in having 39% of its revenue come from security, then the maximum AI security smart building market would be no more than $2.3 billion ($6.1 billion x 0.39, rounded down).

However — and this is critical to understand — the AI security market pertains primarily to cybersecurity, which would be a component of smart building security, but would not include elements such as using facial recognition to control entry. Therefore, while the above market estimate is likely far too high when one considers that the one-third figure pertains to five years from now, that over-estimation should offset our lack of data pertaining to physical security. Nevertheless, this is a very rough estimate at best.

FURTHER READING

If it is essential to have a more accurate figure, Research and Markets has produced a market report entitled, "Intelligent CRE for Enterprise: Smart Buildings, Intelligent Workplace, and Management Systems 2018 – 2023." Based on the table of contents, this report may have information on how much is currently being spent both on security and on AI, though not necessarily in the same sections. We advise contacting the research firm before purchasing to ensure that the needed information is available.

RESEARCH STRATEGY

We began our research by pulling existing market reports for the artificial intelligence security industry segment. While such reports are most often proprietary and expensive to obtain, the public abstracts often contain key insights like the market size and growth (useful in establishing an extreme upper bound in a market-sizing request), segmentation by geography or industry vertical, and key players. In this case, we were able to identify the total global AI cybersecurity market and the North American segment in one report and the total AI "smart buildings" market in a separate report. However, while "safety and security" do appear in the table of contents of these reports, the abstracts do not isolate that aspect of the market.

We next sought out white papers and articles by experts in the fields of AI, the Internet-of-Things (IoT), and technology in general. We soon found that while smart buildings in general are a known and frequently-discussed market and there are anticipations about how AI will interact with IoT in that context, there appear to be no current estimates on how much of the smart building market is attributable to their security features, let alone on how much of that falls within the purview of the AI sector. In essence, the difficulty seems to be that the request criteria ask for a niche (AI) of a nice (security) of a known sector (smart buildings) and that level of information simply isn't publicly available.

However, in the course of our research, we came across an article by Deloitte on the value prop of smart buildings which connected two crucial thoughts: First, the security of a building built on IoT technology must, if it is to be successful, include cybersecurity. Since some of our other findings gave us an idea of how much of the AI market is devoted to cybersecurity, we used this as a jumping-off point to attempt to triangulate the market. While we regard our estimate as very rough, it is the best available given the limitations of the information in the public domain.
Part
06
of seven
Part
06

Market Size of Artificial Intelligence in Transportation Security

After examining numerous credible sources, we were unable to determine the global market size and growth of artificial intelligence used for security purposes in transportation. It is possible that the requested information is unavailable in the public domain.

MARKET SIZE INFORMATION:

  • By the year 2023, the worldwide artificial intelligence in transportation market is forecasted to hit about $3.5 billion.
  • The artificial intelligence in transportation is projected to experience a CAGR of around 16.5% from 2018 until 2023.
  • The market is expected to increase at an estimated CAGR of 17.87% from 2017 to 2030. Meanwhile, the market size is projected to expand from $1.21 billion in the year 2017 to around $10.30 billion by 2030.
  • In 2017, the market size of the global transportation security technology sector was $33.130 billion. By 2025, it is projected to exceed $61.272 billion, undergoing a CAGR of 8.0% (2017-2025).
  • From 2013 to 2018, the worldwide transportation safety and transportation security industry was forecasted to expand from around $37.80 billion to $62.96 billion, growing at an estimated CAGR of 10.7%. The North American region is anticipated to serve as the largest contributor according to revenue contribution.
  • The market size of the global biometrics technology sector is projected to approach $59.31 billion by the year 2025.
  • In 2017, the market size of the global biometrics technology sector was valued at approximately $14.40 billion.

MARKET GROWTH FACTORS

  • The global artificial intelligence in transportation market's growth is primarily supported by the improvement of autonomous automobiles and growing concentration on diminishing the operating expenses of transportation.
  • The increasing need for security and safety has produced a chance for OEMs to generate modern and unique artificial intelligence operations that could entice clients.
  • In 2017, the biometrics market's logistics/transport segment served as the biggest shareholder. Nonetheless, the emergence of brand-new solutions integrating biometrics into combating security concerns, the market is projected to improve in numerous verticals (e.g., commercial, private, and public).
  • Still, from 2018 to 2025, demand is expected to remain stable within the defense and security, as well as transport/logistics, segment.

RESEARCH STRATEGY:

Our research began by examining market research reports published by Markets and Markets, Prescient & Strategic, Market Research, Grand View Research, Technavio, Mordor Intelligence, etc. Also, we reviewed sources that compile news concerning recent media releases such as Globe Newswire, PRNewswire, and BusinessWire, among others. We wanted to scour these sources to discover the market size (revenue and growth) either directly for the subsegments of transport security or the percentage share of it within the overall market. However, due to the specificity of the segments, we could not find any report containing the required pieces of information. Although there were articles related to AI in the transport market, there was no data available for the market size of AI in transport security.

Afterward, we searched for industry reports from reputed consultancies like McKinsey, PWC, BCG, and Deloitte, among others. We explored the types of articles that either covered the domain of artificial intelligence globally or transport security. However, this strategy also did not yield any fruitful results.

We then attempted to identify the market size or growth through triangulation. To do this, we looked for the market share of transportation security in the transportation sector. The idea was to distinguish the share of transportation security in the transportation market, which could be used to derive the artificial intelligence utilized for security purposes in transportation. We could have used the same ratio for the market size of AI in the transport market to derive the market size of AI in transport security. However, we could only identify the market size of artificial intelligence in the transport market, along with the CAGR of the implementation of AI in the transport market as a whole, as opposed to information specific to the transport security market. We explored credible sources such as Markets and Markets, Prescient & Strategic, Market Research, and Grand View Research, among others.

Next, we tried to recognize alternate data points to triangulate an answer through calculation. We looked for AI utilized for security purposes, including facial recognition, biometrics, robotics, access control in total, and the share that the transportation industry holds among them. We wanted to determine the market size for various components of the artificial intelligence market and add them together to derive an approximate market size for AI in transport security. Though we were able to identify the market size of different components from Security Today and Grand View Research, among others, even these reports failed to highlight the share of transport security. There was no relevant data on the market size and growth front for the mentioned sector.

Later, we scrutinized businesses developing artificial intelligence solutions for transport security, namely Gatekeeper Security, Momenta, Door 2 Door, BestMile, Auro Robotics, etc. We examined the company websites for relevant press/media releases, blogs, articles, investor presentations, financial reports, etc. We were able to identify the investment and the work they are conducting, but there was no information on how much of the market they occupied (market share), or the size of the overall market they were observing.

Additionally, we examined older sources (beyond the two-year standard) to distinguish the market size for 2018-2019, including Globe Newswire and Markets and Markets, along with the strategies mentioned earlier. Again, we were unable to locate useful data. Also, we located a paid report highlighting the biometrics technology market by end-use (government, banking & finance, transport/logistics, defense & security), and by application (AFIS, Iris, Non-AFIS), for 2018 - 2025. Since the information was behind a paywall, we could not access the piece to present insights. Due to the lack of available data, we were unable to provide information on the global market size and growth of artificial intelligence used for security purposes in transportation. A probable reason for unavailability may be due to the concentration on global AI in the transportation sector as a whole. Furthermore, in 2017, the logistics/transport segment of the biometrics market was the largest shareholder, but with new solutions integrating biometrics into countering security threats, the market is anticipated to grow in numerous verticals, including commercial, private, and public.
Part
07
of seven
Part
07

Top Investors in Artificial Intelligence Security

Top investors in Artificial Intelligence used for security purposes, including facility security, immigration/border security, election security, law enforcement security, financial services security, or transportation security, include Softbank Group, Lightspeed Ventures, True Ventures, East Ventures, and Andreessen Horowitz. Top investors have been defined as those that have invested the highest amounts of money into AI ventures within the specified industries.

SOFTBANK GROUP

  • Softbank Group is a multinational holding group that is run by the richest man in Japan, Masayoshi Son.
  • Son stated he is devoting 97% of his time and money to AI development. Softbank Group has a dedicated fund for technology development called Softbank Vision Fund, and it is considered to be the largest fund in private equity fund in the world at $93 billion.
  • Out of that, $28 billion of this is dedicated solely on AI investments.
  • The company has so far invested $1 billion into SenseTime, a company developing AI facial recognition, and $150 million into Cybereason, an Israeli AI security software provider.

LIGHTSPEED VENTURES

  • Lightspeed Ventures is an investment fund based in the US which provides funding for early-stage development start-ups.
  • The fund has a large portfolio of tech companies, including start-ups that were later acquired by Oracle, Texas Instruments, Blackberry, Walmart, and other corporate giants.
  • Lightspeed Ventures recently invested $74 million in AnyVision, a start up which is considered to be the leading facial, body, and object recognition AI software.
  • The fund also invested $16 million in FortressIQ, a start up designing a governance layer for enterprise bots.

TRUE VENTURES

  • True Ventures is a fund that has $2 billion under management. The firm is based in the Silicon Valley, and is specialized in funding early-stage companies.
  • True Ventures have invested in some household names, including Ring and Blue Bottle Coffee.
  • Their AI investments include $54 million in the Finnish global satellite monitoring company,

EAST VENTURES

  • East Ventures is a venture capital firm based in Japan that invests in early-stage start-ups based in Southeast Asian and Japanese companies.
  • The firm has a reputable track record where their startups are acquired by reputable companies. For example, Kudo were acquired by Grab, and Disdus were acquired by Groupon.
  • Recent AI investments include a $30 million investment in Kite, a start up building vision software for object and facial recognition.

ANDREESSEN HOROWITZ

  • Andreessen Horowitz is considered to be one of the most well-known venture capital firms in AI. Its tagline is "Software is eating the world".
  • The company is based in Silicon Valley, California in 2009, and it invests in all stages of company development. The fund has so far raised $7.1 billion.
  • Andreessen Horowitz invested $10 million in Shield AI, a start up that specializes in creative AI software for intelligence, surveillance and reconnaissance.
Sources
Sources

From Part 04
Quotes
  • "According to the report, the global artificial intelligence in military market was valued at approximately USD 4,800 million in 2018 and is expected to generate around USD 16,300 million by 2026, at a CAGR of around 14.5% between 2019 and 2026."
  • "Artificial intelligence in military involves the use of a computer-controlled robot for different military or defense activities, such as; unmanned ground vehicles, unmanned maritime vehicles, fighter aircraft, and helicopter, unmanned aerial vehicles, etc. The increasing demand for developing military equipment in collaboration with artificial intelligence to enhance the security on borders, growing development of chipsets underneath artificial intelligence, and rising acceptance of cloud services by military are contributing toward the artificial intelligence in military market globally."
Quotes
  • "According to Frost & Sullivan’s recent analysis, Global Border and Maritime Security Market, a high impetus on cross-border data sharing and integrated security systems is driving the need for technological solutions that act as force multipliers. Frost & Sullivan forecasts the market to grow two-fold from $19.22 billion in 2018 to reach $35.23 billion in 2028 at 6% CAGR."
  • "The adoption and integration of next-generation systems and technologies powered by artificial intelligence and real-time big data analytics will enable faster and more accurate threat detection, tracking, and decision making,” said Aravind Srimoolanathan, Senior Research Analyst, Security at Frost & Sullivan. “Robust network infrastructure and cybersecurity capabilities will be required with increasing inter-agency collaboration and cross-border data sharing"
Quotes
  • "According to the report, the global security robot market was around USD 2.13 billion in 2018 and is expected to reach approximately USD 3.72 billion by 2025, at a CAGR of slightly above 8.28% between 2019 and 2025."
  • "The Asia Pacific security robot market is expected to witness notable growth in the future, owing to the rise in the number of terrorist attacks, illegal immigration, infiltration, and criminal activities, mainly in China, India, and Japan."
  • "However, concerns related to the database memory of artificial intelligence in military unmanned armed vehicles can lead to unwanted target for the weapons. This may become a major restraint for the security robot market in the future."
Quotes
  • "The international migration system is suffering from high costs, fraud, corruption, global payment issues (including in relation to migrants’ remittances), human smuggling and trafficking, threats to national security, and a lack of accessibility and transparency that promotes distrust in potential migrants. Despite dealing with these issues the current system still managed to witness an estimated 247.7 million migrants in 2017, creating a market size of approximately 94 billion dollars when considering the 11 most favoured countries for migrants. "
Quotes
  • "According to the new market research report "Border Security System Market by Environment (Ground, Aerial, Naval), System (Laser, Radar, Camera, Wide Band Wireless Communication, Perimeter Intrusion, Unmanned Vehicles, C2C, Biometric Systems), and Geography - Global Forecast to 2022", the border security system market is expected to grow to USD 52.95 Billion by 2022, at CAGR of 7.16% between 2016 and 2022"
  • "The APAC Border Security system market is segmented into countries such as China, Japan, India, South Korea, and Rest of APAC. The major driver for the APAC market is the increased investment for strengthening the surveillance and weapon guidance capabilities by China, India, and Japan, and increased spending of governments to tackle terrorist attacks, infiltration, illegal immigration, and criminal activities."
Quotes
  • "There are literally hundreds of companies out there focused on developing AI. Looking at some of the top companies, I became increasingly concerned at a growing trend: they all have some relationship or deal with the military, police, and immigration enforcement. For example:"
  • "Microsoft has a $19.4 million contract with ICE for AI, facial recognition, and data processing, despite 300,000 signing a petition against it."
  • "Amazon has been marketing its facial recognition system aggressively to police and immigration officials, which is in trial at the Orlando Police."
  • "IBM collaborated in secret with the NYPD to develop a facial recognition system to allow them to search for people according to race, gender, age, etc."
  • "Alphabet, which owns Google, has reportedly ended its Pentagon contract Project Maven, which uses AI to analyze drone footage. However the CEO said they will continue to work with the military in some capacity"
  • "Baidu, one of Chinese’s biggest tech companies, is part of the military-civil infusion program that the Chinese Communist Party (CCP) is leading to develop tools such as semi-autonomous weapons"
Quotes
  • "The artificial intelligence market was valued at USD 16.06 billion in 2017 and is expected to reach USD 190.61 billion by 2025, at a CAGR of 36.62% during the forecast period. The base year considered for the study is 2017, and the forecast period is between 2018 and 2025."
From Part 06
Quotes
  • "According to the new market research report published by P&S Market Research, global AI in transportation market is projected to reach $3.5 billion by 2023. The growth of the market is majorly driven by the development of autonomous vehicles and increasing focus towards reducing the operating cost of transportation."
Quotes
  • "The global AI in transportation market is expected to attain a size of $1.4 billion in 2017 and is forecasted to reach $3.5 billion by 2023, registering a CAGR of 16.5% during 2018–2023. The major factors driving the market growth are increasing concerns for driver and vehicle safety, growing focus towards reducing the transportation costs and development of autonomous vehicles."
Quotes
  • "The report "Artificial Intelligence in Transportation Market by Machine Learning (Deep Learning, Computer Vision, Context Awareness, NLP), Application (Semi & Full-Autonomous, HMI, Platooning), Offering (Hardware, Software), Process, and Region - Global Forecast to 2030", published by MarketsandMarkets™, the market is projected to grow at a CAGR of 17.87% during the forecast period, and the market size is expected to grow from USD 1.21 Billion in 2017 to USD 10.30 Billion by 2030."
  • "The growing demand for safety and security has created an opportunity for OEMs to develop new and innovative artificial intelligence systems that would attract customers."
Quotes
  • "According to a recent report published by Allied Market Research, titled, "Transportation Security Technology Market by Transportation Mode and Application: Global Opportunity Analysis and Industry Forecast, 2017-2025," the global transportation security technology market was valued at $33,130.0 million in 2017 and is projected to reach $61,272.1 million by 2025, growing at a CAGR of 8.0% from 2018 to 2025."
Quotes
  • "MarketsandMarkets forecasts the global transportation safety and transportation security market is expected to grow from $37.80 billion in 2013 to $62.96 billion in 2018, at a Compound Annual Growth Rate (CAGR) of 10.7% from 2013 to 2018. North America (NA) is expected to be the biggest contributor in terms of revenue contribution, while the growing markets Asia Pacific (APAC), Middle East and Africa (MEA) and Latin America (LA), are expected to experience increased market traction with high CAGR’s, during the forecast period"
Quotes
  • "Th global biometrics technology market size is expected to reach $59.31 billion by 2025, according to a new study by Grand View Research, Inc."
  • "The logistics/transport segment of the biometrics market was leading the pack in 2017 but with new solutions integrating biometrics into countering security threats, the market is expected to grow in several verticals including public, private and commercial. "
Quotes
  • "The global biometrics technology market size was valued at USD 14.40 billion in 2017. "
  • "Its demand is projected to stay strong in the transport/logistics and defense & security segments throughout the forecast period."
Quotes
  • "Gatekeeper Security’s suite of intelligent optical technologies provides security personnel with the tool to detect today’s threats. Our systems help those in the energy, transportation, commercial, and government sectors protect their people and their valuables by detecting threats in time to take action. From automatic under vehicle inspection systems, automatic license plate reader systems, to on the move automatic vehicle occupant identifier, we offer full 360-degree vehicle scanning to ensure any threat is found. "