Product Code: A06585
The global travel risk management services market was valued at $96,262.8 million in 2021, and is estimated to reach $2,23,617.7 million by 2031 with a CAGR of 8.1% from 2022 to 2031.
Travel risk management service is a division of regular business tourism in which people travel for a business-oriented purpose and purchase risk management services by the providers during their business tours. It includes health security, travel security, crisis management, data security, and other travel related risk management services. Global travel & tourism industry is one of the largest industries with global economic contribution of more than $9000 billion. According to World Travel and Tourism Council (WTTC), the global travel & tourism sector contributed to around $9.2 trillion to the global GDP (Gross Domestic Product) in 2019. The business travel segment witnesses the highest growth rate in this industry, as employees working in multinational organizations are often required to travel across various countries for business purposes, which supports the growth of global travel risk management services market.
Numerous companies operating in the global business travel market are trying to provide well-managed and cost-effective programs to the customers with the rise in demand for business travel management services. The growth of the global travel risk management services market is driven by the expansion of the business travel & tourism industry, surge in government initiatives for the development of meetings, incentives, conferences, and events (MICE) segment & small and medium-sized enterprises (SMEs) sector, and increase in globalization of businesses. However, surge in adoption of advanced technology such as tour trackers, risk management software, video conferencing, and others are few of the major factors supporting the market growth. Conversely, increase in infrastructural investment and rapid growth in the travel retail market are anticipated to provide lucrative opportunities for the travel risk management services market globally.
The travel risk management services market is segmented on the basis of service type, enterprise size, industry, and region. By service type, it is categorized into health security, travel security, crisis management, assistance & tracking, data security, and others. By enterprise size, it is segmented into small enterprise, medium enterprise, and large enterprise. On the basis of industry, it is bifurcated in to pharmaceutical and healthcare, agri, food, & beverages, hospitality, business services & consultant, technology & telecom, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Argentina, and Rest of LAMEA).
The key players operating in the travel risk management services market include BCD Group, Carlson, Inc., Everbridge, FocusPoint International, Inc., Global Rescue LLC, Healix, Kroll, LLC., Millbank Solutions, The Collinson Group Limited, and Tokio Marine Holdings, Inc.
Key Market Segments
By Service type
- Travel Security
- Crisis Management
- Assistance and Tracking
- Data Security
- Others
- Health Security
By Enterprize Size
- Small Enterprises
- Medium Enterprises
- Large Enterprises
By Industry
- Pharmaceutical and Healthcare
- Agri, Food and Beverage
- Hospitality
- Business Services and Consulting
- IT, Technology and Telecom
- Others
By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Argentina
- Rest of LAMEA
- Key Market Players
- bcd group
- Carlson, Inc.
- Everbridge, Inc.
- FocusPoint International, Inc.
- Global Rescue LLC
- healix
- Kroll, LLC.
- Millbank Solutions
- The Collinson Group Limited
- Tokio Marine Holdings, Inc.
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Top player positioning
- 3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis on the market
- 3.7.Market Share Analysis
CHAPTER 4: TRAVEL RISK MANAGEMENT SERVICES MARKET, BY SERVICE TYPE
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Health Security
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market analysis by country
- 4.3 Travel Security
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market analysis by country
- 4.4 Crisis Management
- 4.4.1 Key market trends, growth factors and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market analysis by country
- 4.5 Assistance and Tracking
- 4.5.1 Key market trends, growth factors and opportunities
- 4.5.2 Market size and forecast, by region
- 4.5.3 Market analysis by country
- 4.6 Data Security
- 4.6.1 Key market trends, growth factors and opportunities
- 4.6.2 Market size and forecast, by region
- 4.6.3 Market analysis by country
- 4.7 Others
- 4.7.1 Key market trends, growth factors and opportunities
- 4.7.2 Market size and forecast, by region
- 4.7.3 Market analysis by country
CHAPTER 5: TRAVEL RISK MANAGEMENT SERVICES MARKET, BY ENTERPRIZE SIZE
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Small Enterprises
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market analysis by country
- 5.3 Medium Enterprises
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market analysis by country
- 5.4 Large Enterprises
- 5.4.1 Key market trends, growth factors and opportunities
- 5.4.2 Market size and forecast, by region
- 5.4.3 Market analysis by country
CHAPTER 6: TRAVEL RISK MANAGEMENT SERVICES MARKET, BY INDUSTRY
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 Pharmaceutical and Healthcare
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market analysis by country
- 6.3 Agri, Food and Beverage
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market analysis by country
- 6.4 Hospitality
- 6.4.1 Key market trends, growth factors and opportunities
- 6.4.2 Market size and forecast, by region
- 6.4.3 Market analysis by country
- 6.5 Business Services and Consulting
- 6.5.1 Key market trends, growth factors and opportunities
- 6.5.2 Market size and forecast, by region
- 6.5.3 Market analysis by country
- 6.6 IT, Technology and Telecom
- 6.6.1 Key market trends, growth factors and opportunities
- 6.6.2 Market size and forecast, by region
- 6.6.3 Market analysis by country
- 6.7 Others
- 6.7.1 Key market trends, growth factors and opportunities
- 6.7.2 Market size and forecast, by region
- 6.7.3 Market analysis by country
CHAPTER 7: TRAVEL RISK MANAGEMENT SERVICES MARKET, BY REGION
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2 North America
- 7.2.1 Key trends and opportunities
- 7.2.2 North America Market size and forecast, by Service type
- 7.2.3 North America Market size and forecast, by Enterprize Size
- 7.2.4 North America Market size and forecast, by Industry
- 7.2.5 North America Market size and forecast, by country
- 7.2.5.1 U.S.
- 7.2.5.1.1 Market size and forecast, by Service type
- 7.2.5.1.2 Market size and forecast, by Enterprize Size
- 7.2.5.1.3 Market size and forecast, by Industry
- 7.2.5.2 Canada
- 7.2.5.2.1 Market size and forecast, by Service type
- 7.2.5.2.2 Market size and forecast, by Enterprize Size
- 7.2.5.2.3 Market size and forecast, by Industry
- 7.2.5.3 Mexico
- 7.2.5.3.1 Market size and forecast, by Service type
- 7.2.5.3.2 Market size and forecast, by Enterprize Size
- 7.2.5.3.3 Market size and forecast, by Industry
- 7.3 Europe
- 7.3.1 Key trends and opportunities
- 7.3.2 Europe Market size and forecast, by Service type
- 7.3.3 Europe Market size and forecast, by Enterprize Size
- 7.3.4 Europe Market size and forecast, by Industry
- 7.3.5 Europe Market size and forecast, by country
- 7.3.5.1 UK
- 7.3.5.1.1 Market size and forecast, by Service type
- 7.3.5.1.2 Market size and forecast, by Enterprize Size
- 7.3.5.1.3 Market size and forecast, by Industry
- 7.3.5.2 Germany
- 7.3.5.2.1 Market size and forecast, by Service type
- 7.3.5.2.2 Market size and forecast, by Enterprize Size
- 7.3.5.2.3 Market size and forecast, by Industry
- 7.3.5.3 France
- 7.3.5.3.1 Market size and forecast, by Service type
- 7.3.5.3.2 Market size and forecast, by Enterprize Size
- 7.3.5.3.3 Market size and forecast, by Industry
- 7.3.5.4 Italy
- 7.3.5.4.1 Market size and forecast, by Service type
- 7.3.5.4.2 Market size and forecast, by Enterprize Size
- 7.3.5.4.3 Market size and forecast, by Industry
- 7.3.5.5 Spain
- 7.3.5.5.1 Market size and forecast, by Service type
- 7.3.5.5.2 Market size and forecast, by Enterprize Size
- 7.3.5.5.3 Market size and forecast, by Industry
- 7.3.5.6 Rest of Europe
- 7.3.5.6.1 Market size and forecast, by Service type
- 7.3.5.6.2 Market size and forecast, by Enterprize Size
- 7.3.5.6.3 Market size and forecast, by Industry
- 7.4 Asia-Pacific
- 7.4.1 Key trends and opportunities
- 7.4.2 Asia-Pacific Market size and forecast, by Service type
- 7.4.3 Asia-Pacific Market size and forecast, by Enterprize Size
- 7.4.4 Asia-Pacific Market size and forecast, by Industry
- 7.4.5 Asia-Pacific Market size and forecast, by country
- 7.4.5.1 China
- 7.4.5.1.1 Market size and forecast, by Service type
- 7.4.5.1.2 Market size and forecast, by Enterprize Size
- 7.4.5.1.3 Market size and forecast, by Industry
- 7.4.5.2 India
- 7.4.5.2.1 Market size and forecast, by Service type
- 7.4.5.2.2 Market size and forecast, by Enterprize Size
- 7.4.5.2.3 Market size and forecast, by Industry
- 7.4.5.3 Japan
- 7.4.5.3.1 Market size and forecast, by Service type
- 7.4.5.3.2 Market size and forecast, by Enterprize Size
- 7.4.5.3.3 Market size and forecast, by Industry
- 7.4.5.4 Australia
- 7.4.5.4.1 Market size and forecast, by Service type
- 7.4.5.4.2 Market size and forecast, by Enterprize Size
- 7.4.5.4.3 Market size and forecast, by Industry
- 7.4.5.5 Rest of Asia-Pacific
- 7.4.5.5.1 Market size and forecast, by Service type
- 7.4.5.5.2 Market size and forecast, by Enterprize Size
- 7.4.5.5.3 Market size and forecast, by Industry
- 7.5 LAMEA
- 7.5.1 Key trends and opportunities
- 7.5.2 LAMEA Market size and forecast, by Service type
- 7.5.3 LAMEA Market size and forecast, by Enterprize Size
- 7.5.4 LAMEA Market size and forecast, by Industry
- 7.5.5 LAMEA Market size and forecast, by country
- 7.5.5.1 Brazil
- 7.5.5.1.1 Market size and forecast, by Service type
- 7.5.5.1.2 Market size and forecast, by Enterprize Size
- 7.5.5.1.3 Market size and forecast, by Industry
- 7.5.5.2 South Africa
- 7.5.5.2.1 Market size and forecast, by Service type
- 7.5.5.2.2 Market size and forecast, by Enterprize Size
- 7.5.5.2.3 Market size and forecast, by Industry
- 7.5.5.3 Argentina
- 7.5.5.3.1 Market size and forecast, by Service type
- 7.5.5.3.2 Market size and forecast, by Enterprize Size
- 7.5.5.3.3 Market size and forecast, by Industry
- 7.5.5.4 Rest of LAMEA
- 7.5.5.4.1 Market size and forecast, by Service type
- 7.5.5.4.2 Market size and forecast, by Enterprize Size
- 7.5.5.4.3 Market size and forecast, by Industry
CHAPTER 8: COMPANY LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Key developments
CHAPTER 9: COMPANY PROFILES
- 9.1 bcd group
- 9.1.1 Company overview
- 9.1.2 Company snapshot
- 9.1.3 Operating business segments
- 9.1.4 Product portfolio
- 9.1.5 Business performance
- 9.1.6 Key strategic moves and developments
- 9.2 Carlson, Inc.
- 9.2.1 Company overview
- 9.2.2 Company snapshot
- 9.2.3 Operating business segments
- 9.2.4 Product portfolio
- 9.2.5 Business performance
- 9.2.6 Key strategic moves and developments
- 9.3 Everbridge, Inc.
- 9.3.1 Company overview
- 9.3.2 Company snapshot
- 9.3.3 Operating business segments
- 9.3.4 Product portfolio
- 9.3.5 Business performance
- 9.3.6 Key strategic moves and developments
- 9.4 FocusPoint International, Inc.
- 9.4.1 Company overview
- 9.4.2 Company snapshot
- 9.4.3 Operating business segments
- 9.4.4 Product portfolio
- 9.4.5 Business performance
- 9.4.6 Key strategic moves and developments
- 9.5 Global Rescue LLC
- 9.5.1 Company overview
- 9.5.2 Company snapshot
- 9.5.3 Operating business segments
- 9.5.4 Product portfolio
- 9.5.5 Business performance
- 9.5.6 Key strategic moves and developments
- 9.6 healix
- 9.6.1 Company overview
- 9.6.2 Company snapshot
- 9.6.3 Operating business segments
- 9.6.4 Product portfolio
- 9.6.5 Business performance
- 9.6.6 Key strategic moves and developments
- 9.7 Kroll, LLC.
- 9.7.1 Company overview
- 9.7.2 Company snapshot
- 9.7.3 Operating business segments
- 9.7.4 Product portfolio
- 9.7.5 Business performance
- 9.7.6 Key strategic moves and developments
- 9.8 Millbank Solutions
- 9.8.1 Company overview
- 9.8.2 Company snapshot
- 9.8.3 Operating business segments
- 9.8.4 Product portfolio
- 9.8.5 Business performance
- 9.8.6 Key strategic moves and developments
- 9.9 The Collinson Group Limited
- 9.9.1 Company overview
- 9.9.2 Company snapshot
- 9.9.3 Operating business segments
- 9.9.4 Product portfolio
- 9.9.5 Business performance
- 9.9.6 Key strategic moves and developments
- 9.10 Tokio Marine Holdings, Inc.
- 9.10.1 Company overview
- 9.10.2 Company snapshot
- 9.10.3 Operating business segments
- 9.10.4 Product portfolio
- 9.10.5 Business performance
- 9.10.6 Key strategic moves and developments