The Asia Pacific Travel Risk Management Services Market would witness market growth of 8.5% CAGR during the forecast period (2023-2030).
Technology integration play a significant role in the industry, with the development of mobile apps and software platforms for travel risk assessment, tracking, and communication. Data analytics and artificial intelligence (AI) are increasingly used to analyze travel patterns and assess risks. Organizations recognize their duty of care responsibilities to protect the safety and well-being of their traveling employees. Employers seek comprehensive solutions for tracking and supporting employees on business trips. Geopolitical tensions and instability in various regions lead to increased demand for services that assess and mitigate political risks. Travel risk management providers expand their geopolitical intelligence capabilities. The frequency and severity of natural disasters lead to a focus on preparedness and response. Services that provide real-time monitoring of natural disasters and assistance with evacuations gained importance.
Travelers' environmental concerns lead to a demand for information on eco-friendly travel options and sustainable practices. Services that offer guidance on responsible and sustainable travel have gained traction. Effective crisis communication strategies have become essential for organizations. Services that assist with communication during emergencies see an increased demand. There is a growing emphasis on educating travelers and organizations about travel risks and safety measures. Training programs and resources are offered to enhance risk awareness. The expansion of remote work and flexible schedules altered travel patterns, increasing the frequency of short-term trips. Travel risk management services are adapted to cater to these evolving travel patterns.
International Data Corporation Japan estimates that the sector for cybersecurity products in Japan is worth $3.6 billion, up 16% over the previous year. Security issues, including phishing, malware, identity theft, and system breaches, increased dramatically across the nation as the pandemic changed work patterns from the office to online. The number of cybersecurity incidents and their impacts has also increased in Japan. These include ransomware attacks, theft of private information by APTs, and supply chain vulnerabilities brought on by attacks. Thus, the regional market will grow rapidly in the coming years, owing to all these factors.
The China market dominated the Asia Pacific Travel Risk Management Services Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $20,396.2 million by 2030. The Japan market is registering a CAGR of 7.8% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 9.1% during (2023 - 2030).
Based on Service Type, the market is segmented into Travel Security, Crisis Management, Data Security, Health Security, Assistance & Tracking and Others. Based on Enterprise Size, the market is segmented into Large Enterprises, Medium Enterprises and Small Enterprises. Based on Industry, the market is segmented into Agri, Food & Beverage, Pharmaceutical & Healthcare, Hospitality, Business Services & Consulting, IT, Technology & Telecom, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Travel Risk Management Services Market is Predict to reach $188.9 Billion by 2030, at a CAGR of 8.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include FocusPoint International, Inc., BCD Group, Collinson International Limited, Tokio Marine Holdings, Inc., CWT Global B.V, Global Rescue LLC, Everbridge, Inc, Kroll, LLC, Chubb Limited, and Healix Group of companies.
Scope of the Study
Market Segments Covered in the Report:
By Service Type
- Travel Security
- Crisis Management
- Data Security
- Health Security
- Assistance & Tracking
- Others
By Enterprise Size
- Large Enterprises
- Medium Enterprises
- Small Enterprises
By Industry
- Agri, Food & Beverage
- Pharmaceutical & Healthcare
- Hospitality
- Business Services & Consulting
- IT, Technology & Telecom
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- FocusPoint International, Inc.
- BCD Group
- Collinson International Limited
- Tokio Marine Holdings, Inc.
- CWT Global B.V
- Global Rescue LLC
- Everbridge, Inc
- Kroll, LLC
- Chubb Limited
- Healix Group of companies
TABLE 1 Asia Pacific Travel Risk Management Services Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Travel Risk Management Services Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Travel Risk Management Services Market by Service Type, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Travel Risk Management Services Market by Service Type, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Travel Security Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Travel Security Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Crisis Management Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Crisis Management Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Data Security Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Data Security Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Health Security Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Health Security Market by Country, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Assistance & Tracking Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Assistance & Tracking Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Travel Risk Management Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Travel Risk Management Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Large Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Large Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Medium Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Medium Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Small Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Small Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 25 Asia Pacific Travel Risk Management Services Market by Industry, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Travel Risk Management Services Market by Industry, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Agri, Food & Beverage Market by Country, 2019 - 2022, USD Million
TABLE 28 Asia Pacific Agri, Food & Beverage Market by Country, 2023 - 2030, USD Million
TABLE 29 Asia Pacific Pharmaceutical & Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Pharmaceutical & Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Hospitality Market by Country, 2019 - 2022, USD Million
TABLE 32 Asia Pacific Hospitality Market by Country, 2023 - 2030, USD Million
TABLE 33 Asia Pacific Business Services & Consulting Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Business Services & Consulting Market by Country, 2023 - 2030, USD Million
TABLE 35 Asia Pacific IT, Technology & Telecom Market by Country, 2019 - 2022, USD Million
TABLE 36 Asia Pacific IT, Technology & Telecom Market by Country, 2023 - 2030, USD Million
TABLE 37 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 39 Asia Pacific Travel Risk Management Services Market by Country, 2019 - 2022, USD Million
TABLE 40 Asia Pacific Travel Risk Management Services Market by Country, 2023 - 2030, USD Million
TABLE 41 China Travel Risk Management Services Market, 2019 - 2022, USD Million
TABLE 42 China Travel Risk Management Services Market, 2023 - 2030, USD Million
TABLE 43 China Travel Risk Management Services Market by Service Type, 2019 - 2022, USD Million
TABLE 44 China Travel Risk Management Services Market by Service Type, 2023 - 2030, USD Million
TABLE 45 China Travel Risk Management Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 46 China Travel Risk Management Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 47 China Travel Risk Management Services Market by Industry, 2019 - 2022, USD Million
TABLE 48 China Travel Risk Management Services Market by Industry, 2023 - 2030, USD Million
TABLE 49 Japan Travel Risk Management Services Market, 2019 - 2022, USD Million
TABLE 50 Japan Travel Risk Management Services Market, 2023 - 2030, USD Million
TABLE 51 Japan Travel Risk Management Services Market by Service Type, 2019 - 2022, USD Million
TABLE 52 Japan Travel Risk Management Services Market by Service Type, 2023 - 2030, USD Million
TABLE 53 Japan Travel Risk Management Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 54 Japan Travel Risk Management Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 55 Japan Travel Risk Management Services Market by Industry, 2019 - 2022, USD Million
TABLE 56 Japan Travel Risk Management Services Market by Industry, 2023 - 2030, USD Million
TABLE 57 India Travel Risk Management Services Market, 2019 - 2022, USD Million
TABLE 58 India Travel Risk Management Services Market, 2023 - 2030, USD Million
TABLE 59 India Travel Risk Management Services Market by Service Type, 2019 - 2022, USD Million
TABLE 60 India Travel Risk Management Services Market by Service Type, 2023 - 2030, USD Million
TABLE 61 India Travel Risk Management Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 62 India Travel Risk Management Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 63 India Travel Risk Management Services Market by Industry, 2019 - 2022, USD Million
TABLE 64 India Travel Risk Management Services Market by Industry, 2023 - 2030, USD Million
TABLE 65 South Korea Travel Risk Management Services Market, 2019 - 2022, USD Million
TABLE 66 South Korea Travel Risk Management Services Market, 2023 - 2030, USD Million
TABLE 67 South Korea Travel Risk Management Services Market by Service Type, 2019 - 2022, USD Million
TABLE 68 South Korea Travel Risk Management Services Market by Service Type, 2023 - 2030, USD Million
TABLE 69 South Korea Travel Risk Management Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 70 South Korea Travel Risk Management Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 71 South Korea Travel Risk Management Services Market by Industry, 2019 - 2022, USD Million
TABLE 72 South Korea Travel Risk Management Services Market by Industry, 2023 - 2030, USD Million
TABLE 73 Singapore Travel Risk Management Services Market, 2019 - 2022, USD Million
TABLE 74 Singapore Travel Risk Management Services Market, 2023 - 2030, USD Million
TABLE 75 Singapore Travel Risk Management Services Market by Service Type, 2019 - 2022, USD Million
TABLE 76 Singapore Travel Risk Management Services Market by Service Type, 2023 - 2030, USD Million
TABLE 77 Singapore Travel Risk Management Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 78 Singapore Travel Risk Management Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 79 Singapore Travel Risk Management Services Market by Industry, 2019 - 2022, USD Million
TABLE 80 Singapore Travel Risk Management Services Market by Industry, 2023 - 2030, USD Million
TABLE 81 Malaysia Travel Risk Management Services Market, 2019 - 2022, USD Million
TABLE 82 Malaysia Travel Risk Management Services Market, 2023 - 2030, USD Million
TABLE 83 Malaysia Travel Risk Management Services Market by Service Type, 2019 - 2022, USD Million
TABLE 84 Malaysia Travel Risk Management Services Market by Service Type, 2023 - 2030, USD Million
TABLE 85 Malaysia Travel Risk Management Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 86 Malaysia Travel Risk Management Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 87 Malaysia Travel Risk Management Services Market by Industry, 2019 - 2022, USD Million
TABLE 88 Malaysia Travel Risk Management Services Market by Industry, 2023 - 2030, USD Million
TABLE 89 Rest of Asia Pacific Travel Risk Management Services Market, 2019 - 2022, USD Million
TABLE 90 Rest of Asia Pacific Travel Risk Management Services Market, 2023 - 2030, USD Million
TABLE 91 Rest of Asia Pacific Travel Risk Management Services Market by Service Type, 2019 - 2022, USD Million
TABLE 92 Rest of Asia Pacific Travel Risk Management Services Market by Service Type, 2023 - 2030, USD Million
TABLE 93 Rest of Asia Pacific Travel Risk Management Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 94 Rest of Asia Pacific Travel Risk Management Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 95 Rest of Asia Pacific Travel Risk Management Services Market by Industry, 2019 - 2022, USD Million
TABLE 96 Rest of Asia Pacific Travel Risk Management Services Market by Industry, 2023 - 2030, USD Million
TABLE 97 Key Information – FocusPoint International, Inc.
TABLE 98 Key Information – BCD Group
TABLE 99 Key Information – Collinson International Limited
TABLE 100 Key Information – Tokio Marine Holdings, Inc.
TABLE 101 Key Information – CWT Global B.V.
TABLE 102 Key Information – GLOBAL RESCUE LLC
TABLE 103 Key Information – Everbridge, Inc.
TABLE 104 Key Information – Kroll, LLC
TABLE 105 Key Information – Chubb Limited
TABLE 106 Key Information – Healix Group of Companies
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Travel Risk Management Services Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Travel Risk Management Services Market
FIG 4 Porter’s Five Forces Analysis - Travel Risk Management Services market
FIG 5 Asia Pacific Travel Risk Management Services Market share by Service Type, 2022
FIG 6 Asia Pacific Travel Risk Management Services Market share by Service Type, 2030
FIG 7 Asia Pacific Travel Risk Management Services Market by Service Type, 2019 - 2030, USD Million
FIG 8 Asia Pacific Travel Risk Management Services Market share by Enterprise Size, 2022
FIG 9 Asia Pacific Travel Risk Management Services Market share by Enterprise Size, 2030
FIG 10 Asia Pacific Travel Risk Management Services Market by Enterprise Size, 2019 - 2030, USD Million
FIG 11 Asia Pacific Travel Risk Management Services Market share by Industry, 2022
FIG 12 Asia Pacific Travel Risk Management Services Market share by Industry, 2030
FIG 13 Asia Pacific Travel Risk Management Services Market by Industry, 2019 - 2030, USD Million
FIG 14 Asia Pacific Travel Risk Management Services Market share by Country, 2022
FIG 15 Asia Pacific Travel Risk Management Services Market share by Country, 2030
FIG 16 Asia Pacific Travel Risk Management Services Market by Country, 2019 - 2030, USD Million
FIG 17 Recent strategies and developments: FocusPoint International, Inc.
FIG 18 SWOT Analysis: FocusPoint International, Inc.
FIG 19 Recent strategies and developments: BCD Group
FIG 20 SWOT Analysis: BCD Group
FIG 21 SWOT Analysis: Collinson International Limited
FIG 22 Recent strategies and developments: Tokio Marine Holdings, Inc.
FIG 23 SWOT Analysis: Tokio Marine Holdings, Inc.
FIG 24 SWOT Analysis: CWT Global B.V
FIG 25 SWOT Analysis: Global Rescue LLC
FIG 26 SWOT Analysis: Everbridge, Inc.
FIG 27 SWOT Analysis: Kroll, LLC
FIG 28 SWOT Analysis: Chubb Limited
FIG 29 SWOT Analysis: Healix Group of companies