E-Visa Market Research Report - Global Forecast till 2027

Global E-Visa Market Research Report: by Component (Software, Services), Platform (Desktops, Smartphones, Tablets), Application (Travelling, Students/Educational Visas, Government/Foreign Affairs, others) and by Region (North America [US, Canada, Mexico], Europe [Germany, UK, France, Rest of Europe], Asia-Pacific [China, Japan, India, Rest of Asia-Pacific], Middle East & Africa and South America) - Forecast till 2027

ID: MRFR/ICT/7299-CR | February 2020 | Region: Global | 87 pages

Please note that the assessment period of report has been updated from 2018-2025 to 2020-2027. Cordially fill the sample form for updated data.

Market Snapshot


An electronic visa (e-visa) is an entry requirement formality performed online, stored in a computer, and linked to the passport number used for the request. It simplifies the visa-issuance process as there is no label, sticker, or stamp to be placed in the passport before traveling to any destination. The application is processed entirely over the Internet with the help of a web-based portal.


The need for smart processes that eliminate paperwork and support operators, and demand for flexibility and scalability to meet changing needs across countries are expected to be the key drivers for the e-visa market during the forecast period.


Global E-Visa Market is expected to reach USD 2,551.6 Million by 2025 at a CAGR of 11.4% during the forecast period.


Synopsis


The e-visa market has been segmented based on component, platform, application, and region.


Based on the component, the e-visa market has been segmented into software and service.


Based on the platform, the e-visa market has been segmented into desktops, smartphones, and tablets.


By application, the e-visa market has been segmented into traveling, students/educational visas, government/foreign affairs, and others. The traveling segment has been further segmented into leisure travel and business travel.


Regional Analysis


Geographically, the market has been categorized as North America, Europe, Asia-Pacific, and the rest of the World.


North America accounted for the largest market share in the global e-visa market; this region has been further segmented into the US, Canada, and Mexico. The US is the most visited country both for leisure as well as business purposes. The electronic system for travel authorization (ESTA) issued by the US, the electronic travel authorization (ETA) issued by Canada, and the universal e-visa issued by Mexico have ushered in the growth of the e-visa market in the region. The US has the largest market share in the North American e-visa market.


Globally, Asia-Pacific was the second-largest market for e-visa in 2018. Asia-Pacific has been segmented into India, Vietnam, Thailand, Singapore, Malaysia, Australia, and the rest of Asia-Pacific. The region accounts for a quarter of the world’s tourism revenue, and in order to further promote tourism, APAC countries have added support for e-visas, which has helped the market grow in the region. Malaysia is expected to have the largest market share in the Asia-Pacific e-visa market during the forecast period.


Companies Covered


The Key Players of the Global E-Visa Market are Mühlbauer Group (Germany), 4G Identity Solutions Private Limited (India), VFS Global Group (UAE), SCICOM (Malaysia), Gemalto NV (Netherlands), CBN (Canada), Securiport LLC (US), C Serve Corporate Services (Mozambique), BLS International (India), Swiss Authentic S.A (Switzerland), and MITECH (Oman).


Market Segmentation



  • By component software, service.



  • By platform— desktop, smartphone, and tablets.



  • By application— traveling, students/educational visa, government/foreign affairs, others


Key Questions Addressed by the Report



  • What was the historic market size (2018)?

  • Which segments (type/service model/deployment mode) are driving the market?

  • What will be the growth rate by 2026?

  • Who are the key players in this market?

  • What are the strategies adopted by key players?



Frequently Asked Questions (FAQ) :


The global e-visa market will be gaining a valuation of USD 2,551.6 Million by 2025.

The market will be growing at a CAGR of 11.4% in coming years.

Component, platform, application are the segments involved in the study of the market.

Asia-Pacific, Europe, North America are the regions scoring well in terms of market’s growth.

4G Identity Solutions Private Limited, Mühlbauer Group, VFS Global Group, SCICOM and more are some of the top players investing in the market’s growth.