Global Cybersecurity in Tourism Market Overview:
Cybersecurity in Tourism is used to protect digital information that is in an organization’s systems. The growing use of cloud computing, big data, IoT, AI, and social media has increased the risk of cyberattacks in the tourism industry. The rising cases of cybercrimes in recent year due to the increasing number of tourists visits in various countries for personal or corporate purposes has gained the interest of attackers. This has increased the need for secure payment systems in the tourism industry. As the tourism companies deal with large and valuable quantities of customer data they are becoming more vulnerable to attractive targets for hackers and cybercriminals. The need to improve the security of data in the tourism industry is expected to boost market growth.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Evolution of cybersecurity technologies
Market Growth Drivers:
growing tourism industry and Changing the nature of cyber threats
Challenges:
Lack of Skilled professionals
Restraints:
Cyber-ignorance from airports and airlines
Opportunities:
Demand for real-time decision-making, growing adoption of Artificial intelligence and threats of cybercrime
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are F5 Networks (United States), FireEye (United States), Fortinet (United States), F-Secure (Finland), Gemalto (United States), Check Point Software Technologies(Israel), Cheetah Mobile, Cisco (United States), CyberArk Software (United States) and Barracuda Networks (United States). Additionally, following companies can also be profiled that are part of our coverage like BAE Systems (United Kingdom), Ahnlab (South Korea) and Airbus (France). Analyst at AMA Research see United States Players to retain maximum share of Global Cybersecurity in Tourism market by 2028. Considering Market by By Sector, the sub-segment i.e. Travel Trade Sector will boost the Cybersecurity in Tourism market.
Latest Market Insights:
On September 27, 2023, Marriott Bonvoy, Marriott International's loyalty program, announced a partnership with IBM to enhance its cybersecurity capabilities. The partnership will see IBM provide Marriott Bonvoy with a range of cybersecurity services, including threat detection and response, security consulting, and incident management.
On October 4, 2023, TUI Group, one of the world's largest tourism companies, announced a partnership with Check Point Software Technologies to strengthen its cybersecurity posture. The partnership will see Check Point provide TUI with a range of cybersecurity solutions, including threat intelligence, endpoint security, and cloud security.
What Can be Explored with the Cybersecurity in Tourism Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cybersecurity in Tourism Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cybersecurity in Tourism
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cybersecurity in Tourism market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cybersecurity in Tourism market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Provider of Cybersecurity in Tourism, Suppliers and Distributors of Cybersecurity in Tourism, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.