The North America Travel Risk Management Services Market would witness market growth of 7.5% CAGR during the forecast period (2023-2030).
Organizations recognize the importance of being prepared for travel-related crises, such as natural disasters, political unrest, health emergencies (e.g., pandemics), and security threats. Travel risk management providers assist organizations in developing comprehensive crisis management plans and protocols. Effective communication during a crisis is essential. Crisis management services often include communication platforms that allow organizations to reach out to travelers with important information and instructions quickly. The ability to provide real-time updates and support through mobile apps and other technology solutions is a significant selling point for travel risk management providers. These services offer training and simulation exercises to prepare travelers and organizations for crisis scenarios. Organizations that invest in training are better equipped to respond to emergencies and often seek the expertise of service providers.
Crisis management services are a crucial driver of growth in the market. Organizations and individuals are increasingly looking for comprehensive solutions that assess and monitor risks and provide effective crisis preparedness, response, and recovery support. The market's evolution is closely linked to the evolving nature of global travel and the dynamic landscape of risks travelers face.
In Mexico, the necessity for these stems from a combination of factors, including security concerns in certain regions and health-related risks. Mexico has diverse travel destinations, from bustling cities to tranquil coastal resorts, each with its own safety considerations. Travelers need guidance on navigating the local customs, understanding the safety risks, and being prepared for potential medical issues.
Furthermore, the ongoing global health crisis has underscored the importance of health and medical support in all three North American countries. Travelers require access to accurate information on health advisories, vaccination requirements, and disease outbreaks, regardless of their destination within the region.
In summary, these services are a necessity in each North American country due to the varying risks, safety considerations, and cultural factors that travelers may encounter. These services play a critical role in ensuring the safety, well-being, and preparedness of individuals exploring the diverse landscapes and environments across the continent.
The US market dominated the North America 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 $38,740.4 million by 2030. The Canada market is exhibiting a CAGR of 9.9% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 8.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The 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
- US
- Canada
- Mexico
- Rest of North America
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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Travel Risk Management Services Market, by Service Type
1.4.2 North America Travel Risk Management Services Market, by Enterprise Size
1.4.3 North America Travel Risk Management Services Market, by Industry
1.4.4 North America Travel Risk Management Services Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. Strategies deployed in Travel Risk management Services Market
Chapter 5. North America Travel Risk Management Services Market by Service Type
5.1 North America Travel Security Market by Country
5.2 North America Crisis Management Market by Country
5.3 North America Data Security Market by Country
5.4 North America Health Security Market by Country
5.5 North America Assistance & Tracking Market by Country
5.6 North America Others Market by Country
Chapter 6. North America Travel Risk Management Services Market by Enterprise Size
6.1 North America Large Enterprises Market by Country
6.2 North America Medium Enterprises Market by Country
6.3 North America Small Enterprises Market by Country
Chapter 7. North America Travel Risk Management Services Market by Industry
7.1 North America Agri, Food & Beverage Market by Country
7.2 North America Pharmaceutical & Healthcare Market by Country
7.3 North America Hospitality Market by Country
7.4 North America Business Services & Consulting Market by Country
7.5 North America IT, Technology & Telecom Market by Country
7.6 North America Others Market by Country
Chapter 8. North America Travel Risk Management Services Market by Country
8.1 US Travel Risk Management Services Market
8.1.1 US Travel Risk Management Services Market by Service Type
8.1.2 US Travel Risk Management Services Market by Enterprise Size
8.1.3 US Travel Risk Management Services Market by Industry
8.2 Canada Travel Risk Management Services Market
8.2.1 Canada Travel Risk Management Services Market by Service Type
8.2.2 Canada Travel Risk Management Services Market by Enterprise Size
8.2.3 Canada Travel Risk Management Services Market by Industry
8.3 Mexico Travel Risk Management Services Market
8.3.1 Mexico Travel Risk Management Services Market by Service Type
8.3.2 Mexico Travel Risk Management Services Market by Enterprise Size
8.3.3 Mexico Travel Risk Management Services Market by Industry
8.4 Rest of North America Travel Risk Management Services Market
8.4.1 Rest of North America Travel Risk Management Services Market by Service Type
8.4.2 Rest of North America Travel Risk Management Services Market by Enterprise Size
8.4.3 Rest of North America Travel Risk Management Services Market by Industry
Chapter 9. Company Profiles
9.1 FocusPoint International, Inc.
9.1.1 Company Overview
9.1.2 Recent strategies and developments:
9.1.2.1 Partnerships, Collaborations, and Agreements:
9.1.2.2 Product Launches and Product Expansions:
9.1.3 SWOT Analysis
9.2 BCD Group
9.2.1 Company Overview
9.2.2 Recent strategies and developments:
9.2.2.1 Product Launches and Product Expansions:
9.2.2.2 Acquisition and Mergers:
9.2.3 SWOT Analysis
9.3 Collinson International Limited
9.3.1 Company Overview
9.3.2 Recent strategies and developments:
9.3.2.1 Partnerships, Collaborations, and Agreements:
9.3.3 SWOT Analysis
9.4 Tokio Marine Holdings, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental Analysis
9.4.4 Recent strategies and developments:
9.4.4.1 Partnerships, Collaborations, and Agreements:
9.4.4.2 Product Launches and Product Expansions:
9.4.5 SWOT Analysis
9.5 CWT Global B.V.
9.5.1 Company Overview
9.5.2 SWOT Analysis
9.6 GLOBAL RESCUE LLC
9.6.1 Company Overview
9.6.2 SWOT Analysis
9.7 Everbridge, Inc.
9.7.1 Company overview
9.7.2 Financial Analysis
9.7.3 Regional Analysis
9.7.4 Research and Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 Kroll, LLC
9.8.1 Company Overview
9.8.2 SWOT Analysis
9.9 Chubb Limited
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 SWOT Analysis
9.10. Healix Group of Companies
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Product Launches and Product Expansions:
9.10.3 SWOT Analysis
TABLE 1 North America Travel Risk Management Services Market, 2019 - 2022, USD Million
TABLE 2 North America Travel Risk Management Services Market, 2023 - 2030, USD Million
TABLE 3 North America Travel Risk Management Services Market by Service Type, 2019 - 2022, USD Million
TABLE 4 North America Travel Risk Management Services Market by Service Type, 2023 - 2030, USD Million
TABLE 5 North America Travel Security Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Travel Security Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Crisis Management Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Crisis Management Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Data Security Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Data Security Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Health Security Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Health Security Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Assistance & Tracking Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Assistance & Tracking Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Travel Risk Management Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 18 North America Travel Risk Management Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 19 North America Large Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Large Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Medium Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Medium Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Small Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Small Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Travel Risk Management Services Market by Industry, 2019 - 2022, USD Million
TABLE 26 North America Travel Risk Management Services Market by Industry, 2023 - 2030, USD Million
TABLE 27 North America Agri, Food & Beverage Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Agri, Food & Beverage Market by Country, 2023 - 2030, USD Million
TABLE 29 North America Pharmaceutical & Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Pharmaceutical & Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Hospitality Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Hospitality Market by Country, 2023 - 2030, USD Million
TABLE 33 North America Business Services & Consulting Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Business Services & Consulting Market by Country, 2023 - 2030, USD Million
TABLE 35 North America IT, Technology & Telecom Market by Country, 2019 - 2022, USD Million
TABLE 36 North America IT, Technology & Telecom Market by Country, 2023 - 2030, USD Million
TABLE 37 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 39 North America Travel Risk Management Services Market by Country, 2019 - 2022, USD Million
TABLE 40 North America Travel Risk Management Services Market by Country, 2023 - 2030, USD Million
TABLE 41 US Travel Risk Management Services Market, 2019 - 2022, USD Million
TABLE 42 US Travel Risk Management Services Market, 2023 - 2030, USD Million
TABLE 43 US Travel Risk Management Services Market by Service Type, 2019 - 2022, USD Million
TABLE 44 US Travel Risk Management Services Market by Service Type, 2023 - 2030, USD Million
TABLE 45 US Travel Risk Management Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 46 US Travel Risk Management Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 47 US Travel Risk Management Services Market by Industry, 2019 - 2022, USD Million
TABLE 48 US Travel Risk Management Services Market by Industry, 2023 - 2030, USD Million
TABLE 49 Canada Travel Risk Management Services Market, 2019 - 2022, USD Million
TABLE 50 Canada Travel Risk Management Services Market, 2023 - 2030, USD Million
TABLE 51 Canada Travel Risk Management Services Market by Service Type, 2019 - 2022, USD Million
TABLE 52 Canada Travel Risk Management Services Market by Service Type, 2023 - 2030, USD Million
TABLE 53 Canada Travel Risk Management Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 54 Canada Travel Risk Management Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 55 Canada Travel Risk Management Services Market by Industry, 2019 - 2022, USD Million
TABLE 56 Canada Travel Risk Management Services Market by Industry, 2023 - 2030, USD Million
TABLE 57 Mexico Travel Risk Management Services Market, 2019 - 2022, USD Million
TABLE 58 Mexico Travel Risk Management Services Market, 2023 - 2030, USD Million
TABLE 59 Mexico Travel Risk Management Services Market by Service Type, 2019 - 2022, USD Million
TABLE 60 Mexico Travel Risk Management Services Market by Service Type, 2023 - 2030, USD Million
TABLE 61 Mexico Travel Risk Management Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 62 Mexico Travel Risk Management Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 63 Mexico Travel Risk Management Services Market by Industry, 2019 - 2022, USD Million
TABLE 64 Mexico Travel Risk Management Services Market by Industry, 2023 - 2030, USD Million
TABLE 65 Rest of North America Travel Risk Management Services Market, 2019 - 2022, USD Million
TABLE 66 Rest of North America Travel Risk Management Services Market, 2023 - 2030, USD Million
TABLE 67 Rest of North America Travel Risk Management Services Market by Service Type, 2019 - 2022, USD Million
TABLE 68 Rest of North America Travel Risk Management Services Market by Service Type, 2023 - 2030, USD Million
TABLE 69 Rest of North America Travel Risk Management Services Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 70 Rest of North America Travel Risk Management Services Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 71 Rest of North America Travel Risk Management Services Market by Industry, 2019 - 2022, USD Million
TABLE 72 Rest of North America Travel Risk Management Services Market by Industry, 2023 - 2030, USD Million
TABLE 73 Key Information – FocusPoint International, Inc.
TABLE 74 Key Information – BCD Group
TABLE 75 Key Information – Collinson International Limited
TABLE 76 Key Information – Tokio Marine Holdings, Inc.
TABLE 77 Key Information – CWT Global B.V.
TABLE 78 Key Information – GLOBAL RESCUE LLC
TABLE 79 Key Information – Everbridge, Inc.
TABLE 80 Key Information – Kroll, LLC
TABLE 81 Key Information – Chubb Limited
TABLE 82 Key Information – Healix Group of Companies
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Travel Risk Management Services Market share by Service Type, 2022
FIG 6 North America Travel Risk Management Services Market share by Service Type, 2030
FIG 7 North America Travel Risk Management Services Market by Service Type, 2019 - 2030, USD Million
FIG 8 North America Travel Risk Management Services Market share by Enterprise Size, 2022
FIG 9 North America Travel Risk Management Services Market share by Enterprise Size, 2030
FIG 10 North America Travel Risk Management Services Market by Enterprise Size, 2019 - 2030, USD Million
FIG 11 North America Travel Risk Management Services Market share by Industry, 2022
FIG 12 North America Travel Risk Management Services Market share by Industry, 2030
FIG 13 North America Travel Risk Management Services Market by Industry, 2019 - 2030, USD Million
FIG 14 North America Travel Risk Management Services Market share by Country, 2022
FIG 15 North America Travel Risk Management Services Market share by Country, 2030
FIG 16 North America 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