How large is the tourism security market, and what is its growth trajectory?
The tourism security market size has grown strongly in recent years. It will grow from $4.9 billion in 2024 to $5.37 billion in 2025 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to growing emphasis on crisis management, enhanced health and safety protocols, rising crime rates in popular tourist destinations, influence of social media, growing preference for integrated security solutions.
The tourism security market size is expected to see strong growth in the next few years. It will grow to $7.67 billion in 2029 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to rising number of international travelers, growing awareness among travelers about safety and security, increasing concern over terrorism and the need for robust security systems, rising cyber threats, increasing spending on security measures. Major trends in the forecast period include integration of advanced technologies like AI, biometrics, and IoT in security solutions, demand for security solutions in areas prone to natural disasters, adoption of smart surveillance systems, investment in secure tourism infrastructure, demand for tailored security solutions.
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What are the key forces behind the tourism security market’s growth in recent years?
The growing number of people traveling across the world is expected to propel the growth of the tourism security market going forward. The number of travelers is rising due to increased globalization, improved transportation options, and growing disposable incomes, which facilitate easier and more affordable travel opportunities. Tourism security is required for travelers to ensure their safety, protect their belongings, and provide assistance during emergencies or crises while they are away from home. For instance, in May 2023, according to the report published by the Office for National Statistics, a UK-based non-ministerial department, the UK saw 31.2 million visits in 2022, which was an increase of 24.9 million visits compared to 2021. Additionally, UK residents’ trips abroad rose from 51.8 million in 2021 to 71.0 million in 2022. Therefore, the growing number of people traveling across the world is driving the growth of the tourism security market.
What are the major segments of 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 Scams, 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 companies dominate 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
What major trends will shape the tourism security market during the forecast period?
Major companies operating in the tourism security market are developing technologically advanced solutions, such as platforms as a service, to offer a scalable, flexible, and cost-effective solution for deploying and managing security applications. Platform as a Service (PaaS) is a cloud computing model that offers developers a comprehensive platform with the necessary hardware and software tools to build, deploy, and manage applications, eliminating the need to handle the underlying infrastructure complexities. For instance, in January 2023, Battleface Insurance Company, a US-based travel insurance company, launched Robin Assist. Robin Assist is a global API-driven InsurTech platform designed for insurance carriers, brokers, MGAs, and self-insured enterprises, offering comprehensive travel insurance solutions with features such as 24/7 customer support, emergency medical assistance, and efficient claims processing. It also provides medical case management, access to global medical networks, cost containment, and immediate payments in over 140 currencies. Born from a need for tech-driven solutions in emergency travel and medical assistance, Robin Assist continues to deliver high-quality service, enhancing travel insurance brands worldwide.
What are the key regional dynamics of the tourism security market, and which region leads in market share?
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.
What Does The Tourism Security Market Report 2025 Offer?
The tourism security market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Tourism security encompasses the strategies and regulations designed to safeguard tourists, tourism resources, and the overall tourism environment. These measures aim to ensure the safety and security of travelers, safeguard destinations from potential threats, and maintain a secure and hospitable environment that encourages tourism activities. Effective tourism security enhances the reputation of a destination, promotes a positive tourist experience, and contributes to the sustainable growth of the tourism industry.
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