Travel Risk Management Services - Global Strategic Business Report

The global market for Travel Risk Management Services was valued at US$114.8 Billion in 2024 and is projected to reach US$171.6 Billion by 2030, growing at a CAGR of 6.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Travel Risk Management Services market.

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.

Report Scope

The report analyzes the Travel Risk Management Services market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

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.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Travel Security Services segment, which is expected to reach US$43.0 Billion by 2030 with a CAGR of a 8.8%. The Crisis Management Services segment is also set to grow at 4.7% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $31.3 Billion in 2024, and China, forecasted to grow at an impressive 11.1% CAGR to reach $36.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Travel Risk Management Services Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Travel Risk Management Services Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Travel Risk Management Services Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Anvil Group, AXA Partners, BCD Travel, CEGA Group, Chubb Limited and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 32 companies featured in this Travel Risk Management Services market report include:

• 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

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What's Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry