The tourism security global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Tourism Security Market, 2024The tourism security global market report 2024
Market Size –
The tourism security market size has grown strongly in recent years. It will grow from $4.48 billion in 2023 to $4.9 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to growing emphasis on crisis management, enhanced health and safety protocols, rising crime rates in popular tourist destinations, influence of social media, growing preference for integrated security solutions.
The tourism security market size is expected to see strong growth in the next few years. It will grow to $7.02 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to rising number of international travellers, growing awareness among travelers about safety and security, increasing concern over terrorism and the need for robust security systems, rising cyber threats, increasing spending on security measures. Major trends in the forecast period include integration of advanced technologies like AI, biometrics, and IoT in security solutions, demand for security solutions in areas prone to natural disasters, adoption of smart surveillance systems, investment in secure tourism infrastructure, demand for tailored security solutions.
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Scope Of Tourism Security MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Tourism Security Market Overview
Market Drivers –
The rising number of people traveling worldwide is anticipated to significantly drive the growth of the tourism security market moving forward. The increase in travelers is attributed to enhanced globalization, improved transportation options, and growing disposable incomes, which facilitate easier and more affordable travel opportunities. Tourism security is essential for ensuring travelers’ safety, protecting their belongings, and providing assistance during emergencies or crises while they are away from home. For instance, in May 2023, the Office for National Statistics, a UK-based non-ministerial department, reported that the UK experienced 31.2 million visits in 2022, representing an increase of 24.9 million visits compared to 2021. Additionally, UK residents’ trips abroad rose from 51.8 million in 2021 to 71.0 million in 2022. Therefore, the growing number of travelers globally is propelling the growth of the tourism security market through 2023, into 2024, and is expected to continue expanding by 2028.
Market Trends –
Major companies operating in the tourism security market are developing technologically advanced solutions, such as platforms as a service, to offer a scalable, flexible, and cost-effective solution for deploying and managing security applications. Platform as a Service (PaaS) is a cloud computing model that offers developers a comprehensive platform with the necessary hardware and software tools to build, deploy, and manage applications, eliminating the need to handle the underlying infrastructure complexities. For instance, in January 2023, Battleface Insurance Company, a US-based travel insurance company, launched Robin Assist. Robin Assist is a global API-driven InsurTech platform designed for insurance carriers, brokers, MGAs, and self-insured enterprises, offering comprehensive travel insurance solutions with features such as 24/7 customer support, emergency medical assistance, and efficient claims processing. It also provides medical case management, access to global medical networks, cost containment, and immediate payments in over 140 currencies. Born from a need for tech-driven solutions in emergency travel and medical assistance, Robin Assist continues to deliver high-quality service, enhancing travel insurance brands worldwide.
The tourism security market covered in this report is segmented –
1) By Safety Issues: Tourism And Security Issues, Tourism And Crime Issues, Tourism Crisis Management Issues
2) By Technology: Video Surveillance, Access Control, Biometrics, IoT And Sensors, Cybersecurity Software
3) By Booking Channel: Phone Booking, Online Booking, In Person Booking
4) By Tourist Type: Domestic, International
5) By End-User: Airports, Hotels And Accommodations, Tourist Attractions, Transportation
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Regional Insights –
North America was the largest region in the toursim security market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the tourism security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are IBM Corp., Honeywell International, Johnson Controls, NEC Corporation, Allied Universal, G4S Plc, Securitas AB, Transguard Group, Bureau Veritas, Serco Group Plc, Prosegur, Brink’s Global Services, Paladin Security Group Ltd., International SOS Ltd., Axis Communications, Kroll LLC, Verint Systems, Control Risks LLC, Smiths Detection, Pinkerton Consulting & Investigations Inc., Andrews International, MEDEX Global Solutions, Global Elite Group, CPS Security
Table of Contents
1. Executive Summary
2. Tourism Security Market Characteristics
3. Tourism Security Market Trends And Strategies
4. Tourism Security Market – Macro Economic Scenario
5. Global Tourism Security Market Size and Growth
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32. Global Tourism Security Market Competitive Benchmarking
33. Global Tourism Security Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Tourism Security Market
35. Tourism Security Market Future Outlook and Potential Analysis
36. Appendix
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