The Global Tourism Security Market size is expected to grow with a CAGR of 8.6% during the forecast period. The market was valued at USD 4516.7 million in 2022 and is expected to reach USD 6821.4 million by 2028.
Market Overview:
Tourism security ensures tourists' safety during travelling. It is all about preventing accidents, crimes, and health issues that could affect travellers. This includes having police and safety rules in place, making sure transportation is safe, and keeping their personal information secure online. Overall, tourism security is like a plan to keep tourists safe and help them have a good and worry-free time during their trips.
Market Drivers:
The tourism security market is driven by global tourism growth. As more people explore new destinations, there's a bigger need to keep them safe. The demand for safety and protection has led to the market growth. The growing prevalence of security services and technologies in the tourism industry is escalating the growth rate of the market. Businesses and governments are investing in things like better surveillance, secure transportation, and trained personnel to ensure that tourists have a safe and enjoyable experience. A growing number of people travelling across the world is elevating the market growth rate.
The tourism security market is increasingly prioritizing health protection measures. Events like pandemics have highlighted the importance of keeping travellers safe from health risks. This has prompted investments in health security protocols and technologies, such as health screenings, sanitation measures, and contactless services. As tourists seek reassurance about their well-being, the tourism security services respond by developing and implementing comprehensive health security strategies. This shift not only enhances safety but also restores confidence in travel, ensuring a resilient and secure tourism industry. Therefore, there is a rising demand for the tourism security market in this workplace.
Market Restraints:
The tourism security market faces a challenge due to tourism seasonality. This means that the number of tourists visiting a place can vary a lot throughout the year. Sometimes, there are many tourists, and other times; there are only a few. This makes it hard to always have the right amount of security staff and resources. When there are lots of tourists, you need more security services. But during slower times, it's not easy to maintain the same level of security services. As a result, tourism seasonality is the restraining factor of tourism security market growth.
Market Opportunities:
The tourism security market has a significant opportunity due to ongoing technological advancement. Things like smart cameras that use artificial intelligence, biometrics (which is like using fingerprints or your face for security), and data analysis can make security better. This not only keeps tourists safe but also makes their whole experience more enjoyable. So, travel agencies are adopting these new technologies that can make tourism safer and more fun, which is a great opportunity for the growth of tourism security market growth.
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2022 – 2028 |
|
Base Year |
2022 |
|
Forecast Period |
2023 - 2028 |
|
CAGR |
8.6% |
|
Segments Covered |
By Security, End-User, Technology, and Region. |
|
Various Analyses Covered |
Global, Regional and country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
Verint Systems, Axis Communications, NEC Corporation, Smiths Detection, Genetec, Palo Alto Networks, Johnson Controls, Honeywell International, G4S, IBM, and Others. |
Market Segmentation:
Health security dominated the market due to the COVID-19 pandemic, a global crisis. Governments enforced stringent health rules, including screenings and sanitation, making it a priority for tourism businesses to ensure traveller safety and regulatory compliance, reshaping the tourism security landscape.
Airports dominate the tourism security market due to high passenger volumes, strict global regulations, complex security challenges, and their role in global connectivity. They're critical infrastructure, demanding cutting-edge technology adoption and comprehensive security measures for both passenger safety and national security.
Video surveillance technology dominates tourism security due to its ability to provide extensive real-time monitoring, deter criminal activity with visible cameras, and serve as crucial evidence in case of incidents. Its comprehensive coverage is essential for ensuring traveller safety and detecting security threats effectively.
Market Regional Analysis:
The Global Tourism Security Market Report includes the segmentation of regions:
North America dominates the market demand due to the increasing number of tourists, strict safety rules, and advanced technology. They needed top-notch security because they had busy airports, famous tourist spots, and hosted global events. Following North America, Europe is next in ruling the market shares owing to the presence of many different tourist places, from historic cities to beautiful coastlines. Growing prominence for safety norms is enhancing the growth rate of the market in Europe. European countries also worked together to keep tourists safe. Asia-Pacific is likely to experience a rapid growth rate during the forecast period. Especially in China and Japan, a burgeoning middle class, increased disposable income, and government investments in tourism infrastructure contribute to its dominance. The region's focus on cutting-edge security technologies also attracts attention. Middle East & Africa attracted travellers with unique experiences but faced distinct security challenges. Latin America boasts cultural richness and natural beauty, attracting travellers to countries like Mexico, Brazil, and Argentina. The region's tourism security is influenced by a mix of factors, including safety concerns, infrastructure development, and economic stability.
The COVID-19 had a profound impact on the tourism security market. The pandemic forced the tourism industry to prioritize health security like never before. Travel restrictions, quarantine measures, and health screenings became the norm, requiring investments in new security protocols and technologies to ensure traveller safety. Moreover, the economic downturn and reduced tourism traffic led to budget constraints for security-related expenditures in some regions. Conversely, the pandemic accelerated the adoption of contactless technologies, biometrics, and advanced surveillance systems to monitor compliance with health guidelines. Cybersecurity also gained importance as more transactions and bookings moved online. Collaborations between public health agencies and tourism security entities became critical for crisis management. Overall, COVID-19 reshaped the tourism security market, emphasizing the need for adaptable, health-focused security strategies to restore traveller confidence and ensure the resilience of the tourism industry in the face of future challenges.
Market Key Players:
Market Key Developments:
Frequently Asked Questions
The Tourism Security Market is expected to grow with a CAGR of 8.6% during the forecast period.
North America region is currently dominating the Tourism Security Market share by region.
Video surveillance technology dominates the Tourism Security Market by Technology type.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1800
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region