The global travel risk management services market revenue was around US$ 104 billion in 2022 and is estimated to reach US$ 209 billion by 2031, growing at a compound annual growth rate (CAGR) of 8.1 % during the forecast period from 2023 to 2031.
Travel risk management services refer to the processes, strategies, and services implemented by organizations to assess, identify, and mitigate threats associated with business travel. These services seek to ensure the security, safety, and well-being of employees while traveling for work-related purposes. Travel risk management involves different components, such as travel security intelligence, risk assessment, and emergency response planning.
Market Driving Factors
Globalization is one of the main elements that drive the market growth. This is because companies are surging sending their workers to more global locations for business requirements. Some locations are far away or in hazardous areas that can affect travelers and businesses. Additionally, the amount of risk in some nations is also becoming difficult to assess, especially as it is growing even in locations that were once thought to be less risky. Therefore, companies are looking for effective travel risk management services to avoid unusual risks during travel.
Change in priorities of business leaders to seek leisure trips, immediate urbanization, and industrial growth is predicted to fuel the market growth. This is generally owing to the current trend of online booking options of risk management services that have raised the convenience of business travelers.
Lack of awareness among organizations about the significance and advantages of travel risk management services. Thus, this factor is estimated to hinder market growth.
Regional Analysis
Asia Pacific is estimated to dominate the market in terms of the fastest growth. This is primarily due to the surge in business travel, both globally and domestically. Furthermore, this region is a well-liked travel destination worldwide. Travelers, including business travelers and tourists, seek security and safety during their visits, increasing the demand for risk management services. Moreover, this region is embracing technological advances, including GPS tracking, mobile apps, and communication platforms, which improve traveler security and communication.
Segmentation Insights
Service Type Insight
The travel security segment is predicted to dominate the market in terms of the highest share. This is mainly owing to the increasing business travel requirements of individuals in various industries such as retail, manufacturing, IT, and others.
The crisis management segment is expected to dominate the market in terms of the fastest rate. This is due to the surging concern of travelers regarding the natural or economic crisis.
Enterprise Size Insight
The small enterprise segment dominates the market in terms of shares. This is because growth in focus of small organizations toward the adoption of new technologies and services to grow their businesses.
The large enterprises segment is estimated to dominate the market in terms of revenue. This is owing to the gaining huge popularity among business travelers due to raise facilities in these properties, a surge in offerings of risk management services, and flexibilities among the individuals.
Industry Insight
The pharmaceutical and healthcare segment dominates the market in terms of the growth rate. Pharmaceutical companies and healthcare organizations often have international operations, with representatives and employees traveling globally for different purposes, such as clinical trials, research, medical conferences, and business meetings. This vast travel activity raises the demand for travel risk management services.
The agri, food, and beverage segment is predicted to dominate the market in terms of the largest shares. This is mainly due to the well-established food sectors all across the world and surging innovations in the industry to higher business tours worldwide.
Prominent Companies
Segmentation Outline
The global travel risk management services market segmentation focuses on the Service Type, Enterprise Size, Industry, and Region.
By Service Type
By Enterprise Size
By Industry
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL TRAVEL RISK MANAGEMENT SERVICES MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: TRAVEL RISK MANAGEMENT SERVICES MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL TRAVEL RISK MANAGEMENT SERVICES MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL TRAVEL RISK MANAGEMENT SERVICES MARKET, BY SERVICE TYPE
5.1 OVERVIEW
5.2 TRAVEL SECURITY
5.3 CRISIS MANAGEMENT
5.4 ASSISTANCE AND TRACKING
5.5 DATA SECURITY
5.6 HEALTH SECURITY
5.7 OTHERS
6 GLOBAL TRAVEL RISK MANAGEMENT SERVICES MARKET, BY ENTERPRISE SIZE
6.1 OVERVIEW
6.2 SMALL ENTERPRISES
6.3 MEDIUM ENTERPRISES
6.4 LARGE ENTERPRISES
7 GLOBAL TRAVEL RISK MANAGEMENT SERVICES MARKET, BY INDUSTRY
7.1 OVERVIEW
7.2 PHARMACEUTICAL AND HEALTHCARE
7.3 AGRI, FOOD AND BEVERAGE
7.4 HOSPITALITY
7.5 BUSINESS SERVICES AND CONSULTING
7.6 IT, TECHNOLOGY, AND TELECOM
7.7 OTHERS
8 GLOBAL TRAVEL RISK MANAGEMENT SERVICES MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL TRAVEL RISK MANAGEMENT SERVICES MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 THE COLLINSON GROUP LIMITED
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 CARLSON INC.
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 TOKIO MARINE HOLDINGS INC.
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 FOCUSPOINT INTERNATIONAL INC.
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 KROLL LLC
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 HEALIX
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 GLOBAL RESCUE LLC
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 BCD GROUP
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 EVERBRIDGE INC.
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 MILLBANK SOLUTIONS
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
01
お客様のニーズに合わせてレポートをカスタマイズ可能
02
ベテランの市場調査員による専門的な分析
03
安全で簡単に利用できるオンライン決済方法
04
お客様のご要望に応じて、特定の章を購入することができます。
05
すべてのレポートに専門的な日本語翻訳を提供
06
包括的でわかりやすいレポートを迅速にお届けします。
07
購入後も継続的なサポートとアップデートが受けられます。
We Accept
Copyright ©2022 All rights reserved