In 2020, the video-recorded killing of George Floyd by Minneapolis police officers sparked the largest wave of protests in American history.
In the aftermath of such incidents, researchers have noticed an increase in violent crime in the affected community — a result of reduced civilian trust in the police out of fear of brutality, and reduced police willingness to respond to calls out of fear of negative publicity.
A 2017 Colby College-Duke University study, for instance, found that local Google searches related to police violence were strongly correlated with crime rates in a city in the aftermath of a police-involved killing.
So how should governments enforce laws and protect the public when police-community relations break down?
Many are turning to the private sector…
In Practice, “Defund The Police” Often Means “Privatize The Police”
In the aftermath of the killing of Floyd, the Minneapolis City Council voted to defund its police force, in line with the demands of protesters — but also began spending $4,500 per day on private security guards.
And Chicago gave more than $1.2 million to three private security firms to protect businesses in the city’s south and west sides.
But this shift toward private-sector law enforcement isn’t peculiar to the aftermath of the George Floyd protests.
According to Grand View Research, the global public safety and security industry is expected to be worth more than $812 billion by 2025 — and is expected to grow at a 14.8% compound annual growth rate (CAGR) until then.
As you can see above, growth is expected to be especially strong in the U.S. — in part due to anticipated changes in law enforcement in the aftermath of Floyd’s death.
Our research team has identified two high-tech law enforcement automation stocks that are especially well-positioned to take advantage of these trends — because their products help reduce the number of potentially-violent interactions between police and civilians.
They’ve compiled their findings into our latest research report, “Can AI Stocks Finally Put An End to the Violence of Protests and Policing?”
Inside, you’ll find:
-
A fast-growing AI-based sensor technology company that is revolutionizing how police respond to gunshots,
-
And an AI-powered weapons detection company whose products are gaining interest in the U.S., Canada, and Israel.
-
Plus our take on how a solution to this unrest will shift tens of billions of dollars of public spending into the private security sector (and its AI innovations).
Simply enter your email to receive this completely free report. You’ll also receive a free subscription to our investment news and education letter, Daily Profit Cycle.