E-Visa Market Size was valued at USD 939.5 million in 2023. The E-Visa industry is projected to grow from USD 1042.8 Million in 2024 to USD 2403.3 million by 2032, exhibiting a compound annual growth rate (CAGR) of 11.0% during the forecast period (2024 - 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.
The market for visas and passports is influenced by factors such as international travel demand, political and economic conditions, and security concerns. As international travel continues to grow, the demand for visas and passports is also expected to increase. In addition, advancements in technology, such as biometric identification and e-passports, are also driving the market's growth.
As per Analyst at MRFR, “The implementation of e-visas can bring significant economic benefits globally. By attracting more visitors, the tourism industry can generate additional revenue and create jobs, which can further drive economic growth. Overall, the combination of government initiatives and improved user experience has helped to establish the e-visa market as an increasingly popular and essential part of the global travel industry.”
E-visas have become increasingly popular as a way for travellers to apply for visas online and avoid the time and effort required to apply for a visa through traditional methods such as embassy visits. In recent years, several government agencies have developed their own e-visa solutions, which could potentially restrain the growth of private players in this field.
The main reason for this is that government agencies have a significant advantage over private players in terms of credibility and trust. When it comes to visa issuance, travellers are more likely to trust the government over a private company, which could potentially lead to a preference for government e-visa solutions.
Furthermore, government agencies have access to a wealth of data and resources that private players may not have. This includes information about immigration policies, security issues, and other factors that are critical to the visa application process. With this advantage, government agencies can potentially offer faster and more efficient visa processing times, which could make private players less competitive.
Based on Component, the E-Visa Market segmentation includes Software and Services. The Software will be the majority share in 2022, contributing around 40% to the market revenue. E-Visa software can be divided into different types based on their functionality and the target users. Here are some of the main types of E-Visa software, along with examples of applications:
Based on the Application, the E-Visa Market segmentation is Travelling, Students/Educational Visa, Government/Foreign, Others. Travelling dominated the market in 2022. The demand for travelling visas and passports is an important indicator of international travel trends and can be influenced by various factors, including global pandemics, political and economic situations, and international relations.
In general, the demand for travelling visas and passports has been impacted by the COVID-19 pandemic. Many countries have implemented travel restrictions and border closures to control the spread of the virus, which has greatly reduced the demand for these documents. The World Tourism Organization reported that in 2020, international tourist arrivals decreased by 74% compared to the previous year, representing a loss of approximately one billion arrivals. This decrease in tourism has had a significant impact on the demand for travelling visas and passports.
Based on Platform, the E-Visa Market segmentation includes Desktop, Smartphone, Tablets. The Desktop held the majority share in 2022. Desktop devices have traditionally been the dominant platform for accessing online services, and this trend is also evident in the e-visa market. Most e-visa applications are currently submitted through desktop computers, as currently submitted through desktop computers, as they offer a larger screen and more comfortable typing experience. Additionally, many users feel more secure using their desktops for sensitive transactions like submitting visa applications. However, the use of desktop devices for e-visa applications is expected to decline in the coming years. This is due to the increasing popularity of smartphones and tablets, which offer greater portability and flexibility. Additionally, many countries are now offering mobile-friendly e-visa applications, making it easier for users to apply for visas from their smartphones or tablets.
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.
Further, the major countries studied in the market report are the U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, South Korea, and Brazil.
The E-Visa market in Europe is a substantial industry due to the high volume of travel and immigration to and from the region. Europe consists of many countries, each with its own set of E-Visa requirements.
The European Union (EU) is the most significant market for visas and passports in Europe. EU citizens can travel freely within the member states without a visa, and the EU passport is widely accepted around the world. Non-EU citizens, however, need to apply for a Schengen visa to enter the EU for business or tourism purposes, and the process varies from country to country.
Several other European countries, such as the UK and Russia, have their own E-Visa requirements. The UK's passport is widely accepted around the world, and the country has several visa categories, including business, work, and student visas. Russia, on the other hand, has a complex visa process, and travellers need to apply for a visa well in advance of their intended travel date.
Global E-visa is the E-visa market refers to the electronic visa market, where visas are processed and issued digitally. The market is growing owing to its convenience, efficiency, and security. Travelers can apply, pay, and receive their visas online, reducing processing times and improving planning. Biometric data collection and real-time background checks ensure safety. More countries are adopting e-visas, making them accessible to a wider audience. Key factors include ease of application, reduced wait times, and increased security measures.
MRFR has analysed some of the major players in the E-Visa Market who have contributed to the market growth. These include 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 among the top players in E-Visa Market. these players focus on expanding and enhancing their product portfolio and services to remain competitive and increase their customer. Among these, VFS Global, Gemalto NV, Mühlbauer Group, Thales Company, VisaHQ are among the top 5 players in the E-Visa Market.
The E-Visa Market is consolidated, increasing competition, acquisitions, mergers, and other strategic market developments and decisions to improve operational effectiveness.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 939.5 million |
| Market Size 2024 | USD 1042.8 million |
| Market Size 2032 | USD 2403.3 million |
| Compound Annual Growth Rate (CAGR) | 11.0% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Component, Application, Platform, Range and Region |
| Geographies Covered | Europe, North America, Asia-Pacific, and the Rest of the World |
| Countries Covered | The U.S, Germany, Canada, U.K., Italy, France, Spain, Japan, China, Australia, India, South Korea, Brazil, and Others. |
| Key Companies Profiled | Mühlbauer Group , BLS International, Scicom (MSC) Bhd , Canadian Bank Note Company, Limited (CBN), Cserve Technologies, IVisa.comVisaHQ, Travisa Visa Service Inc., ItsEasy Passport & Visa Services, Gemalto N V, 4G Identity Solutions Pvt. Ltd, VFS Global, Securiport LLC, Swiss Authentis S.A |
| Key Market Opportunities | ·      Demand from emerging economies·      Offering value-added services to clients |
| Key Market Dynamics | ·      Smart processes to eliminate paperwork and support operators·      Flexibility and scalability to meet changing needs·      Government Initiatives focusing on the implementation of e-visa systems to enhance user experience in recent past |
E Visa Market Highlights:
Frequently Asked Questions (FAQ) :
The E-Visa Market size is expected to be valued at USD 939.5 Million in 2023.
The global market is projected to grow at a CAGR of 11% during the forecast period, 2024-2032.
APAC had the largest share of the global market.
The key players in the market are 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
The Software category dominated the market in 2023.
Research Analyst Level II With a technical background in information technology & semiconductors, shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the ict/semiconductor domain. shubham holds a bachelor’s in information and technology and a master of business administration (mba). shubham has executed over 150 research projects for our clients under the brand name market research future in the last 2 years. his core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. he is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. he has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. he has worked on the projects of top tech brands such as ibm, google, microsoft, aws, meta, oracle, cisco systems, samsung, accenture, vmware, schneider electric, dell, hp, ericsson, and so many others. he has worked on metaverse, web 3.0, zero-trust security, cyber-security, blockchain, quantum computing, robotics, 5g technology, high-performance computing, data centers, ai, automation, it equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.
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