Traveler Security Services Market to hit USD 2.37 Billion by 2030, registering a 9.51% CAGR during the forecast period, 2020-2030
Research Reports
Nov 23, 2022
Market Research Future Insights –
By 2030, the market for traveler security services is expected to reach USD 2.37 billion, growing at a 9.51% CAGR from 2020 to 2030.
For forecasting market growth and revenue trajectories, the study analyzes the economic environment and considers aspects such as drivers, challenges, trends, opportunities, and restrictions.
All business employees’ and regular travelers’ overseas travel plans have been effectively put on hold due to the COVID-19 epidemic. The market for business travel security services may decline when travel regulations are relaxed. The expansion of the market may be hampered by low corporate travel expenditures and a lower workload. Traveler Security Services Market secure employees and reduce travel-related dangers during the epidemic, businesses and enterprises are hiring traveler security service providers. Opportunities for market players can be found in the high demand for traveler services during arrivals and departures as well as in the adherence to national pandemic rules. In the upcoming years, there will probably be a greater need for mobile workforces that collaborate with medical teams to help employees. In a COVID-19 scenario, it is predicted that there will be a focus on pre-trip services and insurance for medical assistance and hospital costs.
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Market Report Scope:
| Parameter | Details |
| Revenue Forecast in 2030: | USD 2.37 Billion |
| Growth Rate: | CAGR of 9.51% from 2020 to 2030 |
| Forecast Period: | 2020 -2030 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Key Players
- Pinkerton Consulting & Investigations
- SOS Security LLC (U.S.)
- Sicuritalia Group Holding SpA (Italy)
- GardaWorld Corporation (Canada)
- Anvil Group (U.K.)
- Integrated Security Services
- Northcott Global Solutions Ltd (U.K.)
- Drum Cussac (Canada)
- Sicuro Group LLC (UAE)
- American International Group
- Global Rescue LLC (U.S.)
- TigerSwan (U.S.)
- TRACK24 (U.K.)
Market Segmentation –
By Services Type
- Threat Assessment
- Legal Compliance
- Risk Consulting
- Emergency Response
- Contingency and Crisis Management Planning
- Privacy and Fraud Preventions
- Others
By Organization Size
- Small and Medium Enterprises
- Large Enterprises
By Industry
- Corporate
- Families
- Government and Public Sectors
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Regional analysis –
Over the projected period, North America is expected to dominate the global market for Traveler Security Services Market. In 2018, it held a 37.8% market share with a reported value of USD 317.6 million. Due to the increasing security measures implemented at airports, more passengers in Canada and the United States are choosing traveler security. These Traveler Security Services Market services are used by business travelers for safe boarding and landing. The increase in terrorist threats and the COVID-19 pandemic safety precautions implemented at airports have convinced travellers to use these services.
The market for Traveler Security Services Market is extremely competitive, with competitors bolstering their toolkits with digital services and turning to artificial intelligence to help them in their endeavors. To compete, vendors are providing cutting-edge consultation services for risk management and mitigation strategies.
Recent Developments
- G4S has agreed to be acquired by Allied Universal in 2021 for a USD 5 billion deal between two parties. This gives the latter the edge in security services and expands its product offering.
- Anvil Group has launched an in-house medical assistance service, Anvil Assist. It can deliver medical and security assistance for clients irrespective of their location.
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Report Overview
The global Traveller Security Services Market Report outlook or overview is as follows:
- Market Overview
- COVID 19 Analysis
- Market Dynamics
- Segment Overview
- Regional Analysis
- Competitive Landscape
- Research methodology
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