Press release
Travel Risk Management Service Market Is Booming So Rapidly with Crisis24, SafePoint, Travel Guard
Travel Risk Management Service Market
Some of the major players such as International SOS (Singapore), Crisis24 (United States), Control Risks (United Kingdom), Redpoint Resolutions (United States), Riskline (Denmark), On Call International (United States), iJet International (United States), The Blackstone Group (United States), SafePoint (United States), Connect & Protect (United States), Global Rescue (United States), Travel Guard (United States), Dempsey & Partners (United States), AGCS (Germany), Allianz Global Assistance (Germany)
According to HTF Market Intelligence, the global Travel Risk Management Service market is valued at USD 3.5 Billion in 2023 and estimated to reach a revenue of USD 6.5 Billion by 2030, with a CAGR of 12% from 2023 to 2030.
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Travel Risk Management Service Market Overview
Travel risk management services are designed to help organizations manage and mitigate risks associated with employee travel. These services typically include risk assessments, traveler tracking, emergency assistance, and communication plans to ensure the safety and security of traveling personnel. With increasing global travel and associated risks, such as political instability, health emergencies, and natural disasters, these services have become essential for businesses. They enable companies to fulfill their duty of care obligations while protecting their employees and assets during travel.
Travel Risk Management Service Market Competitive Landscape & Company Profiles
The Company's Coverage aims to innovate to increase efficiency and product life. The long-term growth opportunities available in the sector are captured by ensuring constant process improvements and economic flexibility to spend in the optimal schemes. Company profile section of players such as International SOS (Singapore), Crisis24 (United States), Control Risks (United Kingdom), Redpoint Resolutions (United States), Riskline (Denmark), On Call International (United States), iJet International (United States), The Blackstone Group (United States), SafePoint (United States), Connect & Protect (United States), Global Rescue (United States), Travel Guard (United States), Dempsey & Partners (United States), AGCS (Germany), Allianz Global Assistance (Germany) includes its basic information like company legal name, website, headquarters, subsidiaries, market position, history, and 5 closest competitors by Market capitalization/revenue along with contact information.
Market Trends:
●Adoption of digital tools for real-time risk assessment and communication.
Market Drivers:
●Growing responsibility of organizations to ensure employee safety while traveling.
Market Opportunities:
●Collaborating with technology firms to enhance risk management capabilities.
Market Leaders & Development Strategies
●On 23th October 2023, "International SOS has launched an enhanced safe accommodation service to support clients in ensuring secure lodging for traveling employees, aligning with ISO 31030:2021 travel risk management guidelines. The service includes a customized workforce resilience subscription, 24/7 assistance, expert consulting, and a new partnership with Safehotels, a leading hotel safety and security certification company."
●On 4th December 2023, "BCD Travel introduced GetGoing, an all-in-one digital platform for businesses seeking a self-service solution to manage all aspects of corporate travel. Targeting the growing small and midsize market, GetGoing offers a streamlined approach to business travel management, supported by a team of travel industry experts to ensure professional guidance alongside the self-service functionality."
Geographical Analysis: North America have shown robust growth in Travel Risk Management Service market and Asia-Pacific region is growing at fastest pace.
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Travel Risk Management Service Market: Segmentation
The Travel Risk Management Service Market is Segmented by Type (Risk Assessment Services, Travel Insurance, Emergency Assistance Services, Other) by Service Model (Subscription-Based Services, Pay-Per-Use Services, Retainer-Based Services, Ad Hoc Services) by End User (Corporations, Government Agencies, Non-Governmental Organizations (NGOs), Educational Institutions) and by Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA).
Travel Risk Management Service Market - Geographical Outlook
The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
North America (United States, Mexico & Canada)
South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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Key Questions Answered with this Study
1) What makes Global Travel Risk Management Service Market feasible for long-term investment?
2) Know value chain areas where players can create value?
3) Teritorry that may see a steep rise in CAGR & Y-O-Y growth?
4) What geographic region would have better demand for products/services?
5) What opportunity emerging territory would offer to established and new entrants in Global Travel Risk Management Service market?
6) Risk side analysis connected with service providers?
7) How influencing are factors driving the demand of Global Travel Risk Management Service in the next few years?
8) What is the impact analysis of various factors in the Global Travel Risk Management Service market growth?
9) What strategies of big players help them acquire a share in a mature market?
10) How Technology and Customer-Centric Innovation is bringing big Change in Global Travel Risk Management Service Market?
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Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like Complete America, LATAM, Europe, Nordic regions, Oceania or Southeast Asia, or Just Eastern Asia.
Nidhi Bhawsar (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +15075562445
sales@htfmarketreport.com
About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.
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