The Latin America, Middle East and Africa Travel Risk Management Services Market would witness market growth of 9.9% CAGR during the forecast period (2023-2030).
Communication is critical during emergencies. Travel security services often include alert systems that allow organizations to quickly communicate with travelers, providing them with information, instructions, and support. Many travel risk management services include travel insurance or work with insurance providers to offer coverage tailored to the specific needs of travelers. This includes coverage for medical emergencies, trip cancellations, and evacuations.
Travel security services help organizations comply with the duty of care responsibilities by providing the necessary support and resources to ensure the safety of their employees. Travel security is a multifaceted aspect of travel risk management services encompassing risk assessment, monitoring, emergency response, and support services. It is designed to help organizations and individuals mitigate risks and respond effectively to unforeseen events while traveling. The integration of technology and data-driven insights is playing an increasingly important role in enhancing travel security services.
The UAE government estimates that in 2022 the travel and tourism industry contributed AED 167 billion, or 9% of the UAE's overall GDP. Tourists from other countries spent a total of AED 117.6 billion in 2022. The UAE now has 1189 hotels, and the country can accommodate 203,000 hotel rooms, according to 2022 statistics provided by the Ministry of Economy of UAE.
Business services and consulting are instrumental in helping organizations effectively manage travel risks in the diverse and dynamic Middle East region. These services provide expert guidance, facilitate compliance, and ensure that organizations are well-prepared to protect the safety and well-being of their travelers in this complex environment. Hence, all of these factors will aid in the expansion of the regional market.
The Brazil market dominated the LAMEA 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 $4,197 million by 2030. The Argentina market is showcasing a CAGR of 10.5% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 9.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Travel Risk Management Services Market is Projected to reach USD 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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Travel Risk Management Services Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Travel Risk Management Services Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Travel Risk Management Services Market by Service Type, 2019 - 2022, USD Million
TABLE 4 LAMEA Travel Risk Management Services Market by Service Type, 2023 - 2030, USD Million
TABLE 5 LAMEA Travel Security Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Travel Security Market by Country, 2023 - 2030, USD Million
TABLE 7 LAMEA Crisis Management Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Crisis Management Market by Country, 2023 - 2030, USD Million
TABLE 9 LAMEA Data Security Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Data Security Market by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Health Security Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Health Security Market by Country, 2023 - 2030, USD Million
TABLE 13 LAMEA Assistance & Tracking Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Assistance & Tracking Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 17 LAMEA Travel Risk Management Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 18 LAMEA Travel Risk Management Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 19 LAMEA Large Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA Large Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 21 LAMEA Medium Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Medium Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Small Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA Small Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 25 LAMEA Travel Risk Management Services Market by Industry, 2019 - 2022, USD Million
TABLE 26 LAMEA Travel Risk Management Services Market by Industry, 2023 - 2030, USD Million
TABLE 27 LAMEA Agri, Food & Beverage Market by Country, 2019 - 2022, USD Million
TABLE 28 LAMEA Agri, Food & Beverage Market by Country, 2023 - 2030, USD Million
TABLE 29 LAMEA Pharmaceutical & Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Pharmaceutical & Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA Hospitality Market by Country, 2019 - 2022, USD Million
TABLE 32 LAMEA Hospitality Market by Country, 2023 - 2030, USD Million
TABLE 33 LAMEA Business Services & Consulting Market by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Business Services & Consulting Market by Country, 2023 - 2030, USD Million
TABLE 35 LAMEA IT, Technology & Telecom Market by Country, 2019 - 2022, USD Million
TABLE 36 LAMEA IT, Technology & Telecom Market by Country, 2023 - 2030, USD Million
TABLE 37 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 38 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 39 LAMEA Travel Risk Management Services Market by Country, 2019 - 2022, USD Million
TABLE 40 LAMEA Travel Risk Management Services Market by Country, 2023 - 2030, USD Million
TABLE 41 Brazil Travel Risk Management Services Market, 2019 - 2022, USD Million
TABLE 42 Brazil Travel Risk Management Services Market, 2023 - 2030, USD Million
TABLE 43 Brazil Travel Risk Management Services Market by Service Type, 2019 - 2022, USD Million
TABLE 44 Brazil Travel Risk Management Services Market by Service Type, 2023 - 2030, USD Million
TABLE 45 Brazil Travel Risk Management Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 46 Brazil Travel Risk Management Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 47 Brazil Travel Risk Management Services Market by Industry, 2019 - 2022, USD Million
TABLE 48 Brazil Travel Risk Management Services Market by Industry, 2023 - 2030, USD Million
TABLE 49 Argentina Travel Risk Management Services Market, 2019 - 2022, USD Million
TABLE 50 Argentina Travel Risk Management Services Market, 2023 - 2030, USD Million
TABLE 51 Argentina Travel Risk Management Services Market by Service Type, 2019 - 2022, USD Million
TABLE 52 Argentina Travel Risk Management Services Market by Service Type, 2023 - 2030, USD Million
TABLE 53 Argentina Travel Risk Management Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 54 Argentina Travel Risk Management Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 55 Argentina Travel Risk Management Services Market by Industry, 2019 - 2022, USD Million
TABLE 56 Argentina Travel Risk Management Services Market by Industry, 2023 - 2030, USD Million
TABLE 57 UAE Travel Risk Management Services Market, 2019 - 2022, USD Million
TABLE 58 UAE Travel Risk Management Services Market, 2023 - 2030, USD Million
TABLE 59 UAE Travel Risk Management Services Market by Service Type, 2019 - 2022, USD Million
TABLE 60 UAE Travel Risk Management Services Market by Service Type, 2023 - 2030, USD Million
TABLE 61 UAE Travel Risk Management Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 62 UAE Travel Risk Management Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 63 UAE Travel Risk Management Services Market by Industry, 2019 - 2022, USD Million
TABLE 64 UAE Travel Risk Management Services Market by Industry, 2023 - 2030, USD Million
TABLE 65 Saudi Arabia Travel Risk Management Services Market, 2019 - 2022, USD Million
TABLE 66 Saudi Arabia Travel Risk Management Services Market, 2023 - 2030, USD Million
TABLE 67 Saudi Arabia Travel Risk Management Services Market by Service Type, 2019 - 2022, USD Million
TABLE 68 Saudi Arabia Travel Risk Management Services Market by Service Type, 2023 - 2030, USD Million
TABLE 69 Saudi Arabia Travel Risk Management Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 70 Saudi Arabia Travel Risk Management Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 71 Saudi Arabia Travel Risk Management Services Market by Industry, 2019 - 2022, USD Million
TABLE 72 Saudi Arabia Travel Risk Management Services Market by Industry, 2023 - 2030, USD Million
TABLE 73 South Africa Travel Risk Management Services Market, 2019 - 2022, USD Million
TABLE 74 South Africa Travel Risk Management Services Market, 2023 - 2030, USD Million
TABLE 75 South Africa Travel Risk Management Services Market by Service Type, 2019 - 2022, USD Million
TABLE 76 South Africa Travel Risk Management Services Market by Service Type, 2023 - 2030, USD Million
TABLE 77 South Africa Travel Risk Management Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 78 South Africa Travel Risk Management Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 79 South Africa Travel Risk Management Services Market by Industry, 2019 - 2022, USD Million
TABLE 80 South Africa Travel Risk Management Services Market by Industry, 2023 - 2030, USD Million
TABLE 81 Nigeria Travel Risk Management Services Market, 2019 - 2022, USD Million
TABLE 82 Nigeria Travel Risk Management Services Market, 2023 - 2030, USD Million
TABLE 83 Nigeria Travel Risk Management Services Market by Service Type, 2019 - 2022, USD Million
TABLE 84 Nigeria Travel Risk Management Services Market by Service Type, 2023 - 2030, USD Million
TABLE 85 Nigeria Travel Risk Management Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 86 Nigeria Travel Risk Management Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 87 Nigeria Travel Risk Management Services Market by Industry, 2019 - 2022, USD Million
TABLE 88 Nigeria Travel Risk Management Services Market by Industry, 2023 - 2030, USD Million
TABLE 89 Rest of LAMEA Travel Risk Management Services Market, 2019 - 2022, USD Million
TABLE 90 Rest of LAMEA Travel Risk Management Services Market, 2023 - 2030, USD Million
TABLE 91 Rest of LAMEA Travel Risk Management Services Market by Service Type, 2019 - 2022, USD Million
TABLE 92 Rest of LAMEA Travel Risk Management Services Market by Service Type, 2023 - 2030, USD Million
TABLE 93 Rest of LAMEA Travel Risk Management Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 94 Rest of LAMEA Travel Risk Management Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 95 Rest of LAMEA Travel Risk Management Services Market by Industry, 2019 - 2022, USD Million
TABLE 96 Rest of LAMEA 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 LAMEA 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 LAMEA Travel Risk Management Services Market share by Service Type, 2022
FIG 6 LAMEA Travel Risk Management Services Market share by Service Type, 2030
FIG 7 LAMEA Travel Risk Management Services Market by Service Type, 2019 - 2030, USD Million
FIG 8 LAMEA Travel Risk Management Services Market share by Enterprise Size, 2022
FIG 9 LAMEA Travel Risk Management Services Market share by Enterprise Size, 2030
FIG 10 LAMEA Travel Risk Management Services Market by Enterprise Size, 2019 - 2030, USD Million
FIG 11 LAMEA Travel Risk Management Services Market share by Industry, 2022
FIG 12 LAMEA Travel Risk Management Services Market share by Industry, 2030
FIG 13 LAMEA Travel Risk Management Services Market by Industry, 2019 - 2030, USD Million
FIG 14 LAMEA Travel Risk Management Services Market share by Country, 2022
FIG 15 LAMEA Travel Risk Management Services Market share by Country, 2030
FIG 16 LAMEA 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