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Report
E-visa Market Forecast to 2027
Market Report I 2023-04-26 I 87 Pages I Market Research Future
E-visa Market Forecast to 2027
Market Overview
An electronic visa is a biometric record. Travelers' authentication is provided by a combination of electronic and paper documents. An embedded microprocessor is part of the contactless visa. The card features a radiofrequency identification chip on both the front and back of it. Important user data is contained on this marketable chip. Identification of the user through name, date of birth, fingerprint, and face.
Through E-visa, processing documents for foreign travel is simple. The key advantage is shorter processing times. Many people today travel without the right identification. These instances are rising throughout several locations. Any region is seriously threatened by it. Traveling to another nation with an E-visa allows for precise verification. These electronic papers aid in identifying questionable travelers. These E-visas typically have links to passport numbers. This electronic record is digitally archived.
With the use of this paper, you can easily go to any location. Airports' technological adoption is increasing demand for the global e-visa market. Additionally, the rapidly expanding trend of contactless documents will help to accelerate growth. E-Visa permits are accurate, dependable, and safe. It is possible to check, examine, and authenticate an E-visa before leaving.
Segment Overview
The E-visa market is divided into sectors for services and software. The tablet, smart phones, and laptop portions of the e-visa market are separated based on the platform used. The E-visa market sectors include government, educational, and foreign affairs visa applications.
Regional Analysis
Asia Pacific, Europe, and North America make up the E-visa market. The dominant regional player in terms of market share is North America. This area has a greater adoption rate of electronic documents. North America receives a lot of investment from nations like the US and Canada. These two regions' combined demand is anticipated to increase significantly.
Asia-Pacific is one of the regions with the fastest growth in E-visas. The market is seeing new entrants, which spurs additional developments. Key market contributors are China, India, and Japan. The demand for education E-visas is also rising in Europe because to the region's top foreign affairs. For the E-visa market, all these important regions will generate a greater income rate.
Major Players
One of the top businesses operating in the global E-visa market is Thales Group, followed by Swiss Authentis S.A, 4G Identity Solutions, IRIS CORPORATION BERHAD, Semlex Group, BLS International, DEMIA, Envato Pty Ltd, Bundesdruckerei GmbH, Muhlbauer Group, VFS Global Group, Veridos GmbH, Securiport, Shanghai Mite Speciality & Precision Printing Co., Ltd., Beijing Jinchen, Civic.
COVID 19 Impacts
The world markets are being harmed by Covid 19. The various markets face a wide range of challenges. The tourism industry has been negatively impacted by the pandemic. There are fewer international travelers and flights. As a result, fewer people are using E-visa. Since 2020, the E-Visa market has experienced significant revenue declines. But since 2021, aviation travel has been rapidly increasing. The market is seeing significant demand from previous years. Increasingly, contactless documents are required. The virus may spread more readily when physical passports and visas are used.
Such communications are less common with electronic visas, though. The checking process is simple. Validate and verify this visa. In this area, airports are getting safer and more secure. In this industry, there are both software and services segments. After COVID, these E-Visa Market Segments will have a large scope. It is anticipated that development and adoption will increase in the next years.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 13
1.1.1 GLOBAL E-VISA MARKET, BY COMPONENT 14
1.1.2 GLOBAL E-VISA MARKET, BY PLATFORM 15
1.1.3 GLOBAL E-VISA MARKET, BY APPLICATION 16
1.2 GLOBAL E-VISA MARKET, BY REGION 17
2 MARKET INTRODUCTION
2.1 DEFINITION 18
2.2 SCOPE OF THE STUDY 18
2.3 RESEARCH OBJECTIVE 18
2.4 MARKET STRUCTURE 18
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 19
3.2 PRIMARY RESEARCH 20
3.3 SECONDARY RESEARCH 21
3.4 MARKET SIZE ESTIMATION 21
3.5 FORECAST MODEL 23
3.6 LIST OF ASSUMPTIONS 24
4 MARKET DYNAMICS
4.1 INTRODUCTION 25
4.2 DRIVERS 26
4.2.1 SMART PROCESSES TO ELIMINATE PAPERWORK AND SUPPORT OPERATORS 26
4.2.2 FLEXIBILITY AND SCALABILITY TO MEET CHANGING NEEDS 26
4.2.3 DRIVERS IMPACT ANALYSIS 27
4.3 RESTRAINTS 27
4.3.1 GOVERNMENT AGENCIES DEVELOPING THEIR OWN E-VISA SOLUTIONS 27
4.3.2 RESTRAINT: IMPACT ANALYSIS 28
4.4 OPPORTUNITY 28
4.4.1 DEMAND FROM EMERGING ECONOMIES 28
4.5 REGULATORY LANDSCAPE / STANDARDS 28
5 MARKET FACTOR ANALYSIS
5.1 VALUE CHAIN ANALYSIS 30
5.1.1 TECHNOLOGY PROVIDERS/PARTNERS 30
5.1.2 SOLUTION PROVIDERS 31
5.1.3 GOVERNMENT AGENCIES 31
5.1.4 TRAVELERS 31
5.2 PORTER'S FIVE FORCES MODEL 31
5.2.1 BARGAINING POWER OF SUPPLIERS 32
5.2.2 BARGAINING POWER OF BUYERS 32
5.2.3 THREAT OF NEW ENTRANTS 33
5.2.4 THREAT OF SUBSTITUTES 33
5.2.5 INTENSITY OF RIVALRY 33
6 GLOBAL E-VISA MARKET, BY COMPONENT
6.1 OVERVIEW 34
6.2 SOFTWARE 34
6.3 SERVICES 34
7 GLOBAL E-VISA MARKET, BY PLATFORM
7.1 OVERVIEW 36
7.2 DESKTOPS 36
7.3 SMARTPHONES 36
7.4 TABLETS 36
8 GLOBAL E-VISA MARKET, BY APPLICATION
8.1 OVERVIEW 39
8.2 TRAVELING 39
8.2.1 LEISURE TRAVELLING 39
8.2.2 BUSINESS TRAVEL 39
8.3 STUDENTS/EDUCATIONAL VISA 39
8.4 GOVERNMENT/FOREIGN AFFAIRS 39
8.5 OTHERS 40
9 GLOBAL E-VISA MARKET, BY REGION
9.1 OVERVIEW 42
9.2 NORTH AMERICA 44
9.2.1 US 45
9.2.2 CANADA 47
9.2.3 MEXICO 48
9.3 UK 51
9.4 ASIA-PACIFIC 53
9.4.1 INDIA 55
9.4.2 VIETNAM 56
9.4.3 THAILAND 58
9.4.4 SINGAPORE 59
9.4.5 MALAYSIA 61
9.4.6 AUSTRALIA 62
9.4.7 REST OF ASIA-PACIFIC 64
9.5 REST OF THE WORLD 66
10 COMPETITIVE LANDSCAPE
10.1 COMPETITIVE OVERVIEW 68
10.2 COMPETITIVE BENCHMARKING 69
11 COMPANY PROFILES
11.1 MUHLBAUER GROUP 70
11.1.1 COMPANY OVERVIEW 70
11.1.2 FINANCIAL OVERVIEW 71
11.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 71
11.1.4 SWOT ANALYSIS 72
11.1.5 KEY STRATEGIES 72
11.2 BLS INTERNATIONAL 73
11.2.1 COMPANY OVERVIEW 73
11.2.2 FINANCIAL OVERVIEW 73
11.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 74
11.2.4 SWOT ANALYSIS 74
11.2.5 KEY STRATEGIES 74
11.3 SCICOM (MSC) BERHAD 75
11.3.1 COMPANY OVERVIEW 75
11.3.2 FINANCIAL OVERVIEW 76
11.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 77
11.3.4 SWOT ANALYSIS 77
11.3.5 KEY STRATEGIES 78
11.4 CANADIAN BANK NOTE COMPANY, LIMITED (CBN) 79
11.4.1 COMPANY OVERVIEW 79
11.4.2 FINANCIAL OVERVIEW 79
11.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 79
11.4.4 1.5.5 KEY STRATEGIES 79
11.5 CSERVE TECHNOLOGIES 80
11.5.1 COMPANY OVERVIEW 80
11.5.2 FINANCIAL OVERVIEW 80
11.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 80
11.5.4 KEY STRATEGIES 80
11.6 GEMALTO NV (A THALES COMPANY) 81
11.6.1 COMPANY OVERVIEW 81
11.6.2 FINANCIAL OVERVIEW 81
11.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 82
11.6.4 SWOT ANALYSIS 82
11.6.5 KEY STRATEGIES 82
11.7 4G IDENTITY SOLUTIONS PVT. LTD (4GID) 83
11.7.1 COMPANY OVERVIEW 83
11.7.2 FINANCIAL OVERVIEW 83
11.7.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 83
11.7.4 KEY STRATEGIES 83
11.8 VFS GLOBAL GROUP 84
11.8.1 COMPANY OVERVIEW 84
11.8.2 FINANCIAL OVERVIEW 84
11.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 84
11.8.4 KEY STRATEGIES 85
11.9 SECURIPORT LLC 86
11.9.1 COMPANY OVERVIEW 86
11.9.2 FINANCIAL OVERVIEW 86
11.9.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 86
11.9.4 KEY STRATEGIES 86
11.10 SWISS AUTHENTIS S.A 87
11.10.1 COMPANY OVERVIEW 87
11.10.2 FINANCIAL OVERVIEW 87
11.10.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 87
11.10.4 KEY STRATEGIES 87
11.11 MITECH 88
11.11.1 COMPANY OVERVIEW 88
11.11.2 FINANCIAL OVERVIEW 88
11.11.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 88
11.11.4 KEY STRATEGIES 88
LIST OF TABLES
TABLE 1 PRIMARY INTERVIEWS 20
TABLE 2 LIST OF ASSUMPTIONS 24
TABLE 3 GLOBAL E-VISA MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 35
TABLE 4 GLOBAL E-VISA MARKET, BY PLATFORM, 2020-2027 (USD MILLION) 37
TABLE 5 GLOBAL E-VISA MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 41
TABLE 6 GLOBAL E-VISA MARKET, BY REGION, 2020-2027 (USD MILLION) 43
TABLE 7 NORTH AMERICA E-VISA MARKET, BY COUNTRY,2020-2027 (USD MILLION) 44
TABLE 8 NORTH AMERICA E-VISA MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 44
TABLE 9 NORTH AMERICA E-VISA MARKET, BY PLATFORM, 2020-2027 (USD MILLION) 44
TABLE 10 NORTH AMERICA E-VISA MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 45
TABLE 11 NORTH AMERICA E-VISA MARKET, BY TRAVELLING, 2020-2027 (USD MILLION) 45
TABLE 12 US E-VISA MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 46
TABLE 13 US E-VISA MARKET, BY PLATFORM, 2020-2027 (USD MILLION) 46
TABLE 14 US E-VISA MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 46
TABLE 15 NORTH AMERICA E-VISA MARKET, BY TRAVELLING, 2020-2027 (USD MILLION) 47
TABLE 16 CANADA E-VISA MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 47
TABLE 17 CANADA E-VISA MARKET, BY PLATFORM, 2020-2027 (USD MILLION) 47
TABLE 18 CANADA E-VISA MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 48
TABLE 19 NORTH AMERICA E-VISA MARKET, BY TRAVELLING, 2020-2027 (USD MILLION) 48
TABLE 20 MEXICO E-VISA MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 49
TABLE 21 MEXICO E-VISA MARKET, BY PLATFORM, 2020-2027 (USD MILLION) 49
TABLE 22 MEXICO E-VISA MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 49
TABLE 23 NORTH AMERICA E-VISA MARKET, BY TRAVELLING, 2020-2027 (USD MILLION) 50
TABLE 24 UK E-VISA MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 51
TABLE 25 UK E-VISA MARKET, BY PLATFORM, 2020-2027 (USD MILLION) 51
TABLE 26 UK E-VISA MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 52
TABLE 27 NORTH AMERICA E-VISA MARKET, BY TRAVELLING, 2020-2027 (USD MILLION) 52
TABLE 28 ASIA PACIFIC E-VISA MARKET, BY COUNTRY,2020-2027 (USD MILLION) 53
TABLE 29 ASIA PACIFIC E-VISA MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 53
TABLE 30 ASIA PACIFIC E-VISA MARKET, BY PLATFORM, 2020-2027 (USD MILLION) 54
TABLE 31 ASIA PACIFIC E-VISA MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 54
TABLE 32 NORTH AMERICA E-VISA MARKET, BY TRAVELLING, 2020-2027 (USD MILLION) 54
TABLE 33 INDIA E-VISA MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 55
TABLE 34 INDIA E-VISA MARKET, BY PLATFORM, 2020-2027 (USD MILLION) 55
TABLE 35 INDIA E-VISA MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 56
TABLE 36 NORTH AMERICA E-VISA MARKET, BY TRAVELLING, 2020-2027 (USD MILLION) 56
TABLE 37 VIETNAM E-VISA MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 57
TABLE 38 VIETNAM E-VISA MARKET, BY PLATFORM, 2020-2027 (USD MILLION) 57
TABLE 39 VIETNAM E-VISA MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 57
TABLE 40 NORTH AMERICA E-VISA MARKET, BY TRAVELLING, 2020-2027 (USD MILLION) 58
TABLE 41 THAILAND E-VISA MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 58
TABLE 42 THAILAND E-VISA MARKET, BY PLATFORM, 2020-2027 (USD MILLION) 58
TABLE 43 THAILAND E-VISA MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 59
TABLE 44 NORTH AMERICA E-VISA MARKET, BY TRAVELLING, 2020-2027 (USD MILLION) 59
TABLE 45 SINGAPORE E-VISA MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 59
TABLE 46 SINGAPORE E-VISA MARKET, BY PLATFORM, 2020-2027 (USD MILLION) 60
TABLE 47 SINGAPORE E-VISA MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 60
TABLE 48 NORTH AMERICA E-VISA MARKET, BY TRAVELLING, 2020-2027 (USD MILLION) 61
TABLE 49 MALAYSIA E-VISA MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 61
TABLE 50 MALAYSIA E-VISA MARKET, BY PLATFORM, 2020-2027 (USD MILLION) 61
TABLE 51 MALAYSIA E-VISA MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 62
TABLE 52 NORTH AMERICA E-VISA MARKET, BY TRAVELLING, 2020-2027 (USD MILLION) 62
TABLE 53 AUSTRALIA E-VISA MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 63
TABLE 54 AUSTRALIA E-VISA MARKET, BY PLATFORM, 2020-2027 (USD MILLION) 63
TABLE 55 AUSTRALIA E-VISA MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 63
TABLE 56 NORTH AMERICA E-VISA MARKET, BY TRAVELLING, 2020-2027 (USD MILLION) 64
TABLE 57 REST OF ASIA-PACIFIC E-VISA MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 64
TABLE 58 REST OF ASIA-PACIFIC E-VISA MARKET, BY PLATFORM, 2020-2027 (USD MILLION) 64
TABLE 59 REST OF ASIA-PACIFIC E-VISA MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 65
TABLE 60 NORTH AMERICA E-VISA MARKET, BY TRAVELLING, 2020-2027 (USD MILLION) 65
TABLE 61 REST OF THE WORLD E-VISA MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 66
TABLE 62 REST OF THE WORLD E-VISA MARKET, BY PLATFORM, 2020-2027 (USD MILLION) 66
TABLE 63 REST OF THE WORLD E-VISA MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 67
TABLE 64 NORTH AMERICA E-VISA MARKET, BY TRAVELLING, 2020-2027 (USD MILLION) 67
TABLE 65 MUHLBAUER GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 71
TABLE 66 BLS INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 74
TABLE 67 SCICOM (MSC) BHD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 77
TABLE 68 CANADIAN BANK NOTE COMPANY, LIMITED (CBN): PRODUCTS/SOLUTIONS/SERVICES OFFERED 79
TABLE 69 CSERVE TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 80
TABLE 70 GEMALTO NV: PRODUCTS/SOLUTIONS/SERVICES OFFERED 82
TABLE 71 4G IDENTITY SOLUTIONS PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 83
TABLE 72 VFS GLOBAL GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 84
TABLE 73 SECURIPORT LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 86
TABLE 74 SWISS AUTHENTIS S.A: PRODUCTS/SOLUTIONS/SERVICES OFFERED 87
TABLE 75 MITECH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 88
LIST OF FIGURES
FIGURE 1 MARKET SYNOPSIS 12
FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL E-VISA MARKET IN 2020 13
FIGURE 3 GLOBAL E-VISA MARKET ANALYSIS, BY COMPONENT, MARKET SHARE, 2020 (%) 14
FIGURE 4 GLOBAL E-VISA MARKET ANALYSIS, BY PLATFORM, MARKET SHARE, 2020 (%) 15
FIGURE 5 GLOBAL E-VISA MARKET ANALYSIS, BY APPLICATION, MARKET SHARE, 2020 (%) 16
FIGURE 6 GLOBAL E-VISA MARKET ANALYSIS, BY REGION, MARKET SHARE, 2020 (%) 17
FIGURE 7 GLOBAL E-VISA MARKET: STRUCTURE 18
FIGURE 8 RESEARCH PROCESS 19
FIGURE 9 TOP-DOWN & BOTTOM-UP APPROACHES 22
FIGURE 10 DROC ANALYSIS OF GLOBAL E-VISA MARKET 25
FIGURE 11 DRIVERS IMPACT ANALYSIS 27
FIGURE 12 RESTRAINT IMPACT ANALYSIS 28
FIGURE 13 VALUE CHAIN: GLOBAL E-VISAMARKET 30
FIGURE 14 PORTER'S FIVE FORCES MODEL: GLOBAL E-VISAMARKET 32
FIGURE 15 GLOBAL E-VISA MARKET, BY COMPONENT, 2020 (% SHARE) 34
FIGURE 16 GLOBAL E-VISA MARKET, BY COMPONENT, 2020 VS 2027 (USD MILLION) 35
FIGURE 17 GLOBAL E-VISA MARKET, BY PLATFORM, 2020 (% SHARE) 37
FIGURE 18 GLOBAL E-VISA MARKET, BY PLATFORM, 2020 VS 2027 (USD MILLION) 37
FIGURE 19 GLOBAL E-VISA MARKET, BY APPLICATION, 2020 (% SHARE) 40
FIGURE 20 GLOBAL E-VISA MARKET, BY APPLICATION, 2020 VS 2027 (USD MILLION) 40
FIGURE 21 GLOBAL E-VISA MARKET, BY REGION, 2020 (% SHARE) 42
FIGURE 22 GLOBAL E-VISA MARKET, BY REGION, 2020 VS 2027 (USD MILLION) 42
FIGURE 23 COMPETITIVE BENCHMARKING ANALYSIS IN 2020 69
FIGURE 24 MUHLBAUER GROUP: FINANCIAL OVERVIEW SNAPSHOT 71
FIGURE 25 MUHLBAUER GROUP: SWOT ANALYSIS 72
FIGURE 26 BLS INTERNATIONAL: FINANCIAL OVERVIEW SNAPSHOT 73
FIGURE 27 BLS INTERNATIONAL: SWOT ANALYSIS 74
FIGURE 28 SCICOM (MSC) BHD: FINANCIAL OVERVIEW SNAPSHOT 76
FIGURE 29 SCICOM (MSC) BHD: SWOT ANALYSIS 77
FIGURE 30 GEMALTO NV: FINANCIAL OVERVIEW SNAPSHOT 81
FIGURE 31 GEMALTO NV: SWOT ANALYSIS 82
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