PUBLISHER: Market Research Future | PRODUCT CODE: 1596038
PUBLISHER: Market Research Future | PRODUCT CODE: 1596038
Global E-Visa Market Research Report by Component (Software and Services), by Application (Travelling, Students/Educational Visa, Government/Foreign Affairs and Others), by Platform (Desktop, Smartphone and Tablets), and By Region (North America, Europe, Asia-Pacific, Middle East and Africa, South America) Forecast Till 2032
In 2023, the e-Visa market was estimated to be worth USD 933.4 million. With a compound annual growth rate (CAGR) of 11.1% from 2024 to 2032, the E-Visa Market industry is expected to increase from USD 1,030.5 million in 2024 to USD 2,395.2 million by 2032. As more and more tourists choose to apply for visas online, the e-Visa market continues to grow. In addition, because of an increase in identity fraud, which will ultimately result in more air travel, there is a growing need for more supportive policies, cutting-edge airport infrastructure, and sophisticated verification techniques.
The cost of traveling abroad has decreased, making it more accessible. Consequently, there is an increase in demand for visas. These electronic visas satisfy this need by offering a quick and simple way to get the documents you need. This is comparable to the lengthy and inconvenient standard visa application procedures that prospective tourists must endure. E-Visas streamline the application process by reducing paperwork, processing time, and the need to visit embassies or consulates. All of these facilitate travel, which increases demand for visas.
Perspectives on Market Segments
The E-Visa market has been divided into two segments based on component: services and software.
The market has been divided into segments based on application, including travel, government/foreign affairs, students/educational visas, and others.
The E-Visa market has been divided into three segments based on platform: desktop, smartphone, and tablet.
Regional Perspectives
North America, Europe, Asia-Pacific, the Middle East and Africa, and South America are the regions for which the study offers market insights. The United States, Canada, and Mexico make up North America. Due to the huge volume of traffic entering and leaving the region, the e-Visa market in North America is expanding. Among the various nations that make up North America are the United States, Canada, and Mexico, each of which has its own E-Visa criteria.
Because so many people travel to and from the Asia Pacific region, it is a large market and a major consumer of e-Visa. Each of the numerous nations that make up the Asia Pacific area has unique requirements for E-Visas. With millions of people applying each year for various visas, including work, student, and tourist visas, China is one of the biggest markets for passports and visas in the region.
The study's Europe region includes the UK, Germany, France, and the rest of Europe. Because Europe is a prominent destination for immigration and travel, there is a sizable demand for e-visas there. Each of the numerous nations that make up Europe has its own strict E-Visa regulations. The European Union, or EU for short, is the market in Europe most impacted by passports and visas.
Top players in the E-Visa market include Gemalto N V, 4G Identity Solutions Pvt. Ltd, VFS Global, Securiport LLC, Swiss Authentis S.A., Muhlbauer 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, and Gemalto N V.