Tourism Security Market Landscape 2025: Forecast Data and Growth Strategy Insights

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What Is the Expected CAGR for the Tourism Security Market Through 2025?
In recent times, the market size of tourism security has seen significant growth. The market is projected to expand from $4.9 billion in 2024 to reach $5.37 billion in 2025, registering a compound annual growth rate (CAGR) of 9.7%. Factors contributing to the growth during the historic period include the increased importance of crisis management, improved health and safety protocols, an increase in crime rates in highly frequented tourist locales, the influence of social media, and a growing inclination towards integrated security solutions.

What's the Projected Size of the Global Tourism Security Market by 2029?
In the coming years, the tourism security market is poised for strong expansion. The projected growth suggests a market value of $7.67 billion in 2029, signifying a compound annual growth rate (CAGR) of 9.3%. The estimated growth during this forecast period could be a result of factors such as an increased number of international tourists, heightened awareness about safety and security among travelers, growing apprehensions about terrorism and the necessity for robust security systems, a rise in cyber threats, and escalating expenditure on security precautions. The forecast period is also expected to witness certain trends such as the incorporation of cutting-edge technologies like AI, biometrics, and IoT into security solutions, the requirement for security measures in regions highly susceptible to natural calamities, the use of intelligent surveillance systems, investment in secure tourism infrastructure, and the need for custom-made security solutions.

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Top Growth Drivers in the Tourism Security Industry: What's Accelerating the Market?
The increasing global populace that partakes in international travel is projected to drive the expansion of the tourism security market in the future. Factors contributing to this rise in travelers includes heightened globalization, improved travel options and a rise in disposable income which makes travel more accessible and affordable. Tourism security becomes indispensable in ensuring traveler safety, securing personal effects and providing aid amid emergencies or crises when individuals are far from home. For example, a report issued by the Office for National Statistics, a non-ministerial UK department, in May 2023 revealed that 31.2 million visits were recorded in the UK in 2022, a significant increase of 24.9 million visits compared to 2021. Also, trips made abroad by UK citizens increased from 51.8 million in 2021 to 71.0 million in 2022. Consequently, this escalation in global travel activity can be identified as a key driver behind the growth of the tourism security market.

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What Trends Will Shape the Tourism Security Market Through 2029 and Beyond?
Leading firms in the tourism security market are creating innovative solutions with cutting-edge technology like Platform as a Service (PaaS). PaaS is a cloud-based model that provides developers with a complete set of hardware and software tools, making application deployment and management easier without the need to deal with complex infrastructure-related issues. One such instance occurred in January 2023 when Battleface Insurance Company, a U.S based travel insurance firm, unveiled Robin Assist. This global, API-based InsurTech platform, aimed at insurance carriers, brokers, MGAs, and self-insured businesses, offers extensive travel insurance solutions including 24/7 customer service, emergency medical help, and efficient claims handling. Moreover, it provides medical case handling, worldwide medical network access, cost control, and immediate payments in more than 140 currencies. Emerged from the need for technology-driven solutions in emergency travel and medical assistance, Robin Assist continues to provide top-notch service, thereby improving travel insurance brands globally.

What Are the Main Segments in the Tourism Security Market?
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

Subsegments:
1) By Tourism And Security Issues: Physical Security, Cybersecurity, Infrastructure Protection, Terrorism And Threats, Surveillance And Monitoring
2) By Tourism And Crime Issues: Theft And Pickpocketing, Fraud And Sca*ms, Sexual Harassment, Human Trafficking, Violent Crime And Assaults
3) By Tourism Crisis Management Issues: Emergency Response And Rescue, Natural Disaster Response, Health And Medical Emergencies, Evacuation Plans And Protocols, Crisis Communication And Public Relations

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Which Top Companies are Driving Growth in the Tourism Security Market?
Major companies operating in the tourism security 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

Which Regions Will Dominate the Tourism Security Market Through 2029?
North America was the largest region in the tourism security market in 2024. 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.

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