Travel Risk Management Services

Global Travel Risk Management Services Market to Reach US$171.6 Billion by 2030

The global market for Travel Risk Management Services estimated at US$114.8 Billion in the year 2024, is expected to reach US$171.6 Billion by 2030, growing at a CAGR of 6.9% over the analysis period 2024-2030. Travel Security, one of the segments analyzed in the report, is expected to record a 8.8% CAGR and reach US$43.0 Billion by the end of the analysis period. Growth in the Crisis Management segment is estimated at 4.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$31.3 Billion While China is Forecast to Grow at 11.1% CAGR

The Travel Risk Management Services market in the U.S. is estimated at US$31.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$36.3 Billion by the year 2030 trailing a CAGR of 11.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.3% and 6.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Global "Travel Risk Management Services" Market – Key Trends & Drivers Summarized

Why Are Organizations Prioritizing Travel Risk Management More Than Ever Before?

In an age defined by unpredictable global events—ranging from pandemics and political unrest to natural disasters and cybersecurity threats—the importance of travel risk management (TRM) services has surged exponentially. What was once a niche concern confined to high-risk regions has now become a critical operational requirement for businesses of all sizes engaging in domestic or international travel. Corporations are increasingly aware of their duty of care obligations to safeguard employees traveling for work, particularly in industries like consulting, energy, defense, and international aid. TRM services now go far beyond simple itinerary tracking or emergency contacts; they encompass real-time threat intelligence, traveler tracking, health advisory systems, evacuation protocols, and compliance with international safety regulations. The COVID-19 pandemic underscored the volatility of travel and reinforced the need for agile, tech-enabled TRM platforms that can instantly assess risk, initiate alerts, and provide secure channels for assistance. As global mobility returns to pre-pandemic levels—amid rising geopolitical complexity and environmental volatility—organizations are investing in comprehensive, customizable TRM strategies to mitigate liability, reduce disruption, and protect human capital across every stage of the journey.

How Are Digital Platforms Transforming the Scope of Travel Risk Services?

Technology is at the core of the next evolution in travel risk management services, enabling dynamic, data-driven approaches to traveler safety and resilience. Today’s TRM providers are leveraging AI and machine learning to analyze thousands of data sources in real time—from geopolitical developments and weather forecasts to cyber incidents and infectious disease outbreaks. These platforms provide predictive alerts, route-based threat mapping, and risk scoring tools that help both travelers and organizations make informed decisions. Geolocation technology is critical, allowing companies to track the whereabouts of their employees and assess exposure to emerging risks. Integration with travel booking tools and HR systems ensures a seamless experience from pre-trip approval to post-trip reporting. Mobile apps now serve as personal safety companions, offering emergency SOS features, virtual check-ins, health advisories, and secure communication channels. Cybersecurity is another growing frontier, as remote work on public networks during travel exposes individuals to digital threats—prompting TRM platforms to add features such as VPN support and phishing alert systems. The transition from reactive to proactive risk mitigation is enabled by this technology backbone, which empowers companies to adopt real-time, scalable solutions suited to diverse operating environments.

Which Sectors and Geographies Are Driving Demand for TRM Services?

The demand for travel risk management services is expanding across industries and geographies, driven by sector-specific exposure to operational risks and global compliance frameworks. The oil and gas sector, for instance, frequently sends personnel to politically unstable or geographically remote regions, necessitating enhanced security logistics, local intelligence, and evacuation readiness. NGOs and humanitarian organizations operating in conflict zones or disaster-affected areas similarly rely on advanced TRM programs to ensure the safety of staff in volatile conditions. Corporate sectors such as finance, law, and consulting—where international client meetings and conferences are routine—are increasingly embedding TRM policies into their global mobility programs. Healthcare and academic institutions with field research teams also represent a growing user base, especially when sending personnel to health-sensitive zones or regions with infrastructural challenges. Regionally, North America and Europe lead in TRM adoption, influenced by legal obligations surrounding duty of care and workforce safety. However, the Asia-Pacific region is catching up quickly, as outbound business travel from countries like China, India, and Singapore increases and regional players expand operations overseas. Additionally, Africa and the Middle East represent key markets where high-risk travel environments necessitate robust and adaptive risk management systems tailored to volatile security conditions and infrastructural limitations.

The Growth in the Travel Risk Management Services Market Is Driven by Several Factors…

The growth of the travel risk management services market is fueled by a convergence of operational risks, regulatory requirements, and changing patterns in global mobility. One of the primary drivers is the heightened perception of threat across geopolitical, environmental, and health domains, compelling organizations to proactively safeguard travelers across all journey phases. The rising frequency of natural disasters, civil unrest, terrorism, and cyber threats has amplified the need for comprehensive, real-time intelligence and rapid-response capabilities. Another critical factor is the tightening of duty of care regulations globally, which hold employers legally accountable for the safety of their mobile workforce—especially in high-risk or international settings. The rapid digital transformation of corporate travel programs is also playing a role, enabling better integration of risk management services with HR platforms, booking tools, and communication systems for seamless implementation. Moreover, the shift toward hybrid and remote work models has blurred traditional travel boundaries, necessitating broader monitoring and risk assessments even for semi-permanent overseas placements. Traveler expectations are also influencing demand; professionals now prioritize safety assurances, emergency support, and real-time alerts as part of a comprehensive travel experience. Finally, industry-specific needs—from offshore deployments and humanitarian missions to academic fieldwork—are driving the customization of TRM solutions, solidifying their importance in a risk-laden global landscape.

SCOPE OF STUDY:

The report analyzes the Travel Risk Management Services market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Service Type (Travel Security, Crisis Management, Data Security, Health Security, Assistance & Tracking, Other Service Types); Organization Size (Large Enterprises, Medium Enterprises, Small Enterprises); End-Use (Agri Food & Beverages, Pharmaceutical & Healthcare, Hospitality, Business Services & Consulting, IT Technology & Telecom, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 32 Featured) -

• Anvil Group
• AXA Partners
• BCD Travel
• CEGA Group
• Chubb Limited
• Collinson Group
• Control Risks
• Cover-More Group
• Crisis24
• CTM (Corporate Travel Management)
• CWT (Carlson Wagonlit Travel)
• Drum Cussac
• Everbridge
• FocusPoint International
• Global Guardian
• Global Rescue
• Healix International
• International SOS
• On Call International
• Riskline

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