Market Research Future (MRFR) has published on the “Global E-Visa Market”.
The E-Visa market is estimated to register a CAGR of 11.0% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global E-Visa market—Mühlbauer Group, BLS International, Scicom (MSC) Bhd, Canadian Bank Note Company, Limited (CBN), Cserve Technologies, IVisa.com, VisaHQ, Travisa Visa Service Inc., ItsEasy Passport & Visa Services, Gemalto N V, 4G Identity Solutions Pvt. Ltd, VFS Global, Securiport LLC, Swiss Authentis S.A
Market Highlights
The global E-Visa market is accounted for to register a CAGR of 11.0% during the forecast period and is estimated to reach USD 2403.3 million by 2032.
The E-Visa market refers to the industries related to the processing, issuance, and management of visas and passports for international travel. It includes government agencies responsible for issuing visas and passports, as well as private companies that provide services such as expedited processing, travel insurance, and visa consultation.
Segment Analysis
The global E-Visa market has been segmented based on component, application, and platform.
Based on Component, the global E-Visa market segmentation includes Software and Services. The Software will be the majority share in 2022, contributing around 40% to the market revenue as estimated by MRFR analysts.
Based on the Application, the global E-Visa market segmentation is Travelling, Students/Educational Visa, Government/Foreign, Others. Travelling dominated the market in 2022.
Based on Platform, the global E-Visa market segmentation includes Desktop, Smartphone, Tablets. The Desktop held the majority share in 2022.
Regional Analysis
By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South America. The Asia-Pacific E-Visa market accounted for ~40% in 2022. It is expected to exhibit a significant CAGR growth during the study period. The E-Visa market in the Asia Pacific region is a significant industry due to the large volume of travel and immigration to and from the region. The Asia Pacific region consists of many countries, each with its own set of E-Visa requirements.
China is one of the largest markets for visas and passports in the region, with millions of people applying for various types of visas each year, including tourist, work, and student visas. The Chinese passport is also gaining strength and is now ranked among the top 70 most powerful passports globally.
Other countries in the region, such as Japan, South Korea, and Australia, have highly developed E-Visa markets. Japan's passport is among the most powerful in the world, with visa-free or visa-on-arrival access to over 190 countries. South Korea has a streamlined visa application process and offers multiple visa categories, including business, work, and student visas. Australia has a well-developed E-Visa system and offers several visa categories, including tourist, work, and student visas.
Key Findings of the Study
- The global E-Visa market is expected to reach USD 2,395.2 million by 2032, at a CAGR of 11% during the forecast period.
- The APAC region accounted for the fastest-growing global market
- Mühlbauer Group , BLS International, Scicom (MSC) Bhd , Canadian Bank Note Company, Limited (CBN), Cserve Technologies, IVisa.com, VisaHQ, Travisa Visa Service Inc., ItsEasy Passport & Visa Services, Gemalto N V, 4G Identity Solutions Pvt. Ltd, VFS Global, Securiport LLC, Swiss Authentis S.A are the key market players.
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Companies Covered | 15 |
Pages | 128 |
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