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Report
Global E-Visa Market Research Report - Forecast to 2030
Market Report I 2023-10-10 I 87 Pages I Market Research Future
Global E-Visa Market Research Report - Forecast to 2030
Market Overview
E-Visa Market is anticipated to register a healthy CAGR of 9.3% during the review period.
Travelers who wish to visit any nation need to apply for a visa in advance. Applying for a visa is cumbersome and takes a great deal of time for endorsement. Customarily, a great deal of paperwork was involved in processing visa applications, which led to challenges for regular folks from one side of the planet to the other. The key challenge of applying for or giving a visa is the overall time required to process the application. A traveler seeking to apply for a visa would need to finish up every necessary paper and afterward mail or hand-deliver every one of the documents to the desired nation's embassy or consulate.
A traveler can seamlessly apply for a visa by accessing the web gateway from any device like a desktop, smartphone, or tablet, and can receive the approved e-visa within a few days. The system likewise provides travelers with a secure application entryway and gives them the freedom to apply for visas as late as one day before the travel. There can be a few circumstances in which someone might need to travel with practically no extended notice. In such cases, the E-visa process assumes a vital part and helps travelers approve the visa within a stipulated time. This timeframe is a huge improvement over the current, inconsistent method that could leave travelers holding up two months to get a visa. Due to these benefits, governments of different countries accept and permit E-visa applications, leading to market development.
Market Segmentation
The e-visa market has been broken down into software and services by component.
The market has been divided into categories based on platforms: desktops, cell phones, and tablets. The e-visa market is classified into students/educational visas, travel, government/foreign, and other categories based on application.
Regional Insights
North American countries, for example, the US and Canada provide an Electronic Travel Approval (ETA) document to nationals of certain countries, for the most part from the EU, for short-stay travels to the respective countries.
The US is the most visited destination in North America, with 79.6 million international traveler appearances in 2018. E-visa applications are expected to increase with steady development in international the travel industry. The Electronic System for Travel Approval (ESTA) is the body that a guest should register with before appearance. However, travel boycotts in certain countries and reduced endorsements for student and H1-B working professional visas are expected to hamper E-visa development in the US. Canada has eased its visa regulations for international students and has favorable migration regulations. The nation has even patriated refugees from war-torn countries.
Major Players
The prominent players in the global market include VFS Global Group (London), 4G Identity Solutions Private Limited (India), Muhlbauer Group (Germany), Gemalto NV (Netherlands), SecuriPort LLC (US), Scicom (MSC) Berhad (Malaysia), Canadian Bank Note Company, Limited (CBN) (Canada), Swiss Authentis S.A (Europe), C Serve Corporate Services (Mozambique), BLS International (India), and Mi-Tech (Onam).
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 12
1.1 MARKET ATTRACTIVENESS ANALYSIS 14
1.1.1 GLOBAL E-VISA MARKET, BY COMPONENT 15
1.1.2 GLOBAL E-VISA MARKET, BY PLATFORM 16
1.1.3 GLOBAL E-VISA MARKET, BY APPLICATION 17
1.2 GLOBAL E-VISA MARKET, BY REGION 18
2 MARKET INTRODUCTION 19
2.1 DEFINITION 19
2.2 SCOPE OF THE STUDY 19
2.3 RESEARCH OBJECTIVE 19
2.4 MARKET STRUCTURE 19
3 RESEARCH METHODOLOGY 20
3.1 RESEARCH PROCESS 20
3.2 PRIMARY RESEARCH 21
3.3 SECONDARY RESEARCH 22
3.4 MARKET SIZE ESTIMATION 22
3.5 FORECAST MODEL 24
3.6 LIST OF ASSUMPTIONS 25
4 MARKET DYNAMICS 26
4.1 INTRODUCTION 26
4.2 DRIVERS 27
4.2.1 SMART PROCESSES TO ELIMINATE PAPERWORK AND SUPPORT OPERATORS 27
4.2.2 FLEXIBILITY AND SCALABILITY TO MEET CHANGING NEEDS 27
4.2.3 DRIVERS IMPACT ANALYSIS 28
4.3 RESTRAINT 28
4.3.1 GOVERNMENT AGENCIES DEVELOPING THEIR OWN E-VISA SOLUTIONS 28
4.3.2 RESTRAINT: IMPACT ANALYSIS 29
4.4 OPPORTUNITY 29
4.4.1 DEMAND FROM EMERGING ECONOMIES 29
4.5 REGULATORY LANDSCAPE / STANDARDS 29
4.6 IMPACT OF COVID-19 30
4.6.1 IMPACT ON TRAVEL & TOURISM 30
4.6.2 INCREASING ADOPTION OF BIOMETRICS TECHNOLOGY 31
4.6.3 GOVERNMENT GUIDANCE ON SOCIAL DISTANCING 31
5 MARKET FACTOR ANALYSIS 32
5.1 VALUE CHAIN ANALYSIS 32
5.1.1 TECHNOLOGY PROVIDERS/PARTNERS 32
5.1.2 SOLUTION PROVIDERS 33
5.1.3 GOVERNMENT AGENCIES 33
5.1.4 TRAVELERS 33
5.2 PORTER'S FIVE FORCES MODEL 33
5.2.1 BARGAINING POWER OF SUPPLIERS 34
5.2.2 BARGAINING POWER OF BUYERS 34
5.2.3 THREAT OF NEW ENTRANTS 35
5.2.4 THREAT OF SUBSTITUTES 35
5.2.5 INTENSITY OF RIVALRY 35
6 GLOBAL E-VISA MARKET, BY COMPONENT 36
6.1 OVERVIEW 36
6.2 SOFTWARE 36
6.3 SERVICES 36
7 GLOBAL E-VISA MARKET, BY PLATFORM 38
7.1 OVERVIEW 38
7.2 DESKTOP 38
7.3 SMARTPHONE 38
7.4 TABLETS 38
8 GLOBAL E-VISA MARKET, BY APPLICATION 41
8.1 OVERVIEW 41
8.2 TRAVELING 41
8.2.1 LEISURE TRAVELING 41
8.2.2 BUSINESS TRAVEL 41
8.3 STUDENTS/EDUCATIONAL VISA 41
8.4 GOVERNMENT/FOREIGN AFFAIRS 42
8.5 OTHERS 42
9 GLOBAL E-VISA MARKET, BY REGION 44
9.1 OVERVIEW 44
9.2 NORTH AMERICA 46
9.2.1 US 48
9.2.2 CANADA 50
9.2.3 MEXICO 52
9.3 UK 54
9.4 ASIA-PACIFIC 56
9.4.1 INDIA 58
9.4.2 VIETNAM 60
9.4.3 THAILAND 62
9.4.4 SINGAPORE 64
9.4.5 MALAYSIA 66
9.4.6 AUSTRALIA 68
9.4.7 REST OF ASIA-PACIFIC 70
9.5 REST OF THE WORLD 72
10 COMPETITIVE LANDSCAPE 74
10.1 COMPETITIVE OVERVIEW 74
10.2 COMPETITIVE BENCHMARKING 75
10.3 VENDOR SHARE ANALYSIS 76
11 COMPANY PROFILES 77
11.1 MUHLBAUER GROUP 77
11.1.1 COMPANY OVERVIEW 77
11.1.2 FINANCIAL OVERVIEW 77
11.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 78
11.1.4 KEY DEVELOPMENTS 78
11.1.5 SWOT ANALYSIS 78
11.1.6 KEY STRATEGIES 79
11.2 BLS INTERNATIONAL 80
11.2.1 COMPANY OVERVIEW 80
11.2.2 FINANCIAL OVERVIEW 80
11.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 81
11.2.4 SWOT ANALYSIS 81
11.2.5 KEY STRATEGIES 82
11.3 SCICOM (MSC) BERHAD 83
11.3.1 COMPANY OVERVIEW 83
11.3.2 FINANCIAL OVERVIEW 84
11.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 84
11.3.4 KEY DEVELOPMENTS 85
11.3.5 SWOT ANALYSIS 85
11.3.6 KEY STRATEGIES 85
11.4 CANADIAN BANK NOTE COMPANY, LIMITED (CBN) 86
11.4.1 COMPANY OVERVIEW 86
11.4.2 FINANCIAL OVERVIEW 86
11.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 86
11.4.4 KEY DEVELOPMENTS 86
11.4.5 1.5.5 KEY STRATEGIES 86
11.5 CSERVE TECHNOLOGIES 87
11.5.1 COMPANY OVERVIEW 87
11.5.2 FINANCIAL OVERVIEW 87
11.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 87
11.5.4 KEY DEVELOPMENTS 87
11.5.5 KEY STRATEGIES 87
11.6 GEMALTO NV (A THALES COMPANY) 88
11.6.1 COMPANY OVERVIEW 88
11.6.2 FINANCIAL OVERVIEW 88
11.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 89
11.6.4 KEY DEVELOPMENTS 89
11.6.5 SWOT ANALYSIS 89
11.6.6 KEY STRATEGIES 90
11.7 4G IDENTITY SOLUTIONS PVT. LTD (4GID) 91
11.7.1 COMPANY OVERVIEW 91
11.7.2 FINANCIAL OVERVIEW 91
11.7.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 91
11.7.4 KEY DEVELOPMENTS 91
11.7.5 KEY STRATEGIES 91
11.8 VFS GLOBAL GROUP 92
11.8.1 COMPANY OVERVIEW 92
11.8.2 FINANCIAL OVERVIEW 92
11.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 92
11.8.4 KEY DEVELOPMENTS 92
11.8.5 KEY STRATEGIES 92
11.9 SECURIPORT LLC 93
11.9.1 COMPANY OVERVIEW 93
11.9.2 FINANCIAL OVERVIEW 93
11.9.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 93
11.9.4 KEY DEVELOPMENTS 93
11.9.5 KEY STRATEGIES 93
11.10 SWISS AUTHENTIS S.A. 94
11.10.1 COMPANY OVERVIEW 94
11.10.2 FINANCIAL OVERVIEW 94
11.10.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 94
11.10.4 KEY DEVELOPMENTS 94
11.10.5 KEY STRATEGIES 94
11.11 VERIDOS GMBH 95
11.11.1 COMPANY OVERVIEW 95
11.11.2 FINANCIAL OVERVIEW 95
11.11.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 95
11.11.4 KEY STRATEGIES 95
LIST OF TABLES
TABLE 1 PRIMARY INTERVIEWS 21
TABLE 2 LIST OF ASSUMPTIONS 25
TABLE 3 GLOBAL E-VISA MARKET, BY COMPONENT, 2018-2032 (USD BILLION) 37
TABLE 4 GLOBAL E-VISA MARKET, BY PLATFORM, 2018-2032 (USD BILLION) 40
TABLE 5 GLOBAL E-VISA MARKET, BY APPLICATION, 2018-2032 (USD BILLION) 43
TABLE 6 APPLICATION: GLOBAL E-VISA MARKET, BY TRAVELING, 2018-2032 (USD BILLION) 43
TABLE 7 GLOBAL E-VISA MARKET, BY REGION, 2018-2032 (USD BILLION) 45
TABLE 8 NORTH AMERICA E-VISA MARKET, BY COUNTRY,2018-2032 (USD BILLION) 46
TABLE 9 NORTH AMERICA E-VISA MARKET, BY COMPONENT, 2018-2032 (USD BILLION) 46
TABLE 10 NORTH AMERICA E-VISA MARKET, BY PLATFORM, 2018-2032 (USD BILLION) 47
TABLE 11 NORTH AMERICA E-VISA MARKET, BY APPLICATION, 2018-2032 (USD BILLION) 47
TABLE 12 NORTH AMERICA E-VISA MARKET, BY TRAVELING, 2018-2032 (USD BILLION) 47
TABLE 13 US E-VISA MARKET, BY COMPONENT, 2018-2032 (USD BILLION) 48
TABLE 14 US E-VISA MARKET, BY PLATFORM, 2018-2032 (USD BILLION) 48
TABLE 15 US E-VISA MARKET, BY APPLICATION, 2018-2032 (USD BILLION) 49
TABLE 16 US E-VISA MARKET, BY TRAVELING, 2018-2032 (USD BILLION) 49
TABLE 17 CANADA E-VISA MARKET, BY COMPONENT, 2018-2032 (USD BILLION) 50
TABLE 18 CANADA E-VISA MARKET, BY PLATFORM, 2018-2032 (USD BILLION) 50
TABLE 19 CANADA E-VISA MARKET, BY APPLICATION, 2018-2032 (USD BILLION) 51
TABLE 20 CANADA E-VISA MARKET, BY TRAVELING, 2018-2032 (USD BILLION) 51
TABLE 21 MEXICO E-VISA MARKET, BY COMPONENT, 2018-2032 (USD BILLION) 52
TABLE 22 MEXICO E-VISA MARKET, BY PLATFORM, 2018-2032 (USD BILLION) 52
TABLE 23 MEXICO E-VISA MARKET, BY APPLICATION, 2018-2032 (USD BILLION) 53
TABLE 24 MEXICO E-VISA MARKET, BY TRAVELING, 2018-2032 (USD BILLION) 53
TABLE 25 UK E-VISA MARKET, BY COMPONENT, 2018-2032 (USD BILLION) 54
TABLE 26 UK E-VISA MARKET, BY PLATFORM, 2018-2032 (USD BILLION) 54
TABLE 27 UK E-VISA MARKET, BY APPLICATION, 2018-2032 (USD BILLION) 55
TABLE 28 UK E-VISA MARKET, BY TRAVELING, 2018-2032 (USD BILLION) 55
TABLE 29 ASIA-PACIFIC E-VISA MARKET, BY COUNTRY,2018-2032 (USD BILLION) 56
TABLE 30 ASIA-PACIFIC E-VISA MARKET, BY COMPONENT, 2018-2032 (USD BILLION) 56
TABLE 31 ASIA-PACIFIC E-VISA MARKET, BY PLATFORM, 2018-2032 (USD BILLION) 57
TABLE 32 ASIA-PACIFIC E-VISA MARKET, BY APPLICATION, 2018-2032 (USD BILLION) 57
TABLE 33 ASIA-PACIFIC E-VISA MARKET, BY TRAVELING, 2018-2032 (USD BILLION) 57
TABLE 34 INDIA E-VISA MARKET, BY COMPONENT, 2018-2032 (USD BILLION) 58
TABLE 35 INDIA E-VISA MARKET, BY PLATFORM, 2018-2032 (USD BILLION) 58
TABLE 36 INDIA E-VISA MARKET, BY APPLICATION, 2018-2032 (USD BILLION) 59
TABLE 37 ASIA-PACIFIC E-VISA MARKET, BY TRAVELING, 2018-2032 (USD BILLION) 59
TABLE 38 VIETNAM E-VISA MARKET, BY COMPONENT, 2018-2032 (USD BILLION) 60
TABLE 39 VIETNAM E-VISA MARKET, BY PLATFORM, 2018-2032 (USD BILLION) 60
TABLE 40 VIETNAM E-VISA MARKET, BY APPLICATION, 2018-2032 (USD BILLION) 61
TABLE 41 VIETNAM E-VISA MARKET, BY TRAVELING, 2018-2032 (USD BILLION) 61
TABLE 42 THAILAND E-VISA MARKET, BY COMPONENT, 2018-2032 (USD BILLION) 62
TABLE 43 THAILAND E-VISA MARKET, BY PLATFORM, 2018-2032 (USD BILLION) 62
TABLE 44 THAILAND E-VISA MARKET, BY APPLICATION, 2018-2032 (USD BILLION) 63
TABLE 45 THAILAND E-VISA MARKET, BY TRAVELING, 2018-2032 (USD BILLION) 63
TABLE 46 SINGAPORE E-VISA MARKET, BY COMPONENT, 2018-2032 (USD BILLION) 64
TABLE 47 SINGAPORE E-VISA MARKET, BY PLATFORM, 2018-2032 (USD BILLION) 64
TABLE 48 SINGAPORE E-VISA MARKET, BY APPLICATION, 2018-2032 (USD BILLION) 65
TABLE 49 SINGAPORE E-VISA MARKET, BY TRAVELING, 2018-2032 (USD BILLION) 65
TABLE 50 MALAYSIA E-VISA MARKET, BY COMPONENT, 2018-2032 (USD BILLION) 66
TABLE 51 MALAYSIA E-VISA MARKET, BY PLATFORM, 2018-2032 (USD BILLION) 66
TABLE 52 MALAYSIA E-VISA MARKET, BY APPLICATION, 2018-2032 (USD BILLION) 67
TABLE 53 MALAYSIA E-VISA MARKET, BY TRAVELING, 2018-2032 (USD BILLION) 67
TABLE 54 AUSTRALIA E-VISA MARKET, BY COMPONENT, 2018-2032 (USD BILLION) 68
TABLE 55 AUSTRALIA E-VISA MARKET, BY PLATFORM, 2018-2032 (USD BILLION) 68
TABLE 56 AUSTRALIA E-VISA MARKET, BY APPLICATION, 2018-2032 (USD BILLION) 69
TABLE 57 AUSTRALIA E-VISA MARKET, BY TRAVELING, 2018-2032 (USD BILLION) 69
TABLE 58 REST OF ASIA-PACIFIC E-VISA MARKET, BY COMPONENT, 2018-2032 (USD BILLION) 70
TABLE 59 REST OF ASIA-PACIFIC E-VISA MARKET, BY PLATFORM, 2018-2032 (USD BILLION) 70
TABLE 60 REST OF ASIA-PACIFIC E-VISA MARKET, BY APPLICATION, 2018-2032 (USD BILLION) 71
TABLE 61 REST OF ASIA-PACIFIC E-VISA MARKET, BY TRAVELING, 2018-2032 (USD BILLION) 71
TABLE 62 REST OF THE WORLD E-VISA MARKET, BY COMPONENT, 2018-2032 (USD BILLION) 72
TABLE 63 REST OF THE WORLD E-VISA MARKET, BY PLATFORM, 2018-2032 (USD BILLION) 72
TABLE 64 REST OF THE WORLD E-VISA MARKET, BY APPLICATION, 2018-2032 (USD BILLION) 73
TABLE 65 REST OF THE WORLD E-VISA MARKET, BY TRAVELING, 2018-2032 (USD BILLION) 73
TABLE 66 MUHLBAUER GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 78
TABLE 67 BLS INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 81
TABLE 68 BLS INTERNATIONAL: KEY DEVELOPMENTS 81
TABLE 69 SCICOM (MSC) BHD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 84
TABLE 70 CANADIAN BANK NOTE COMPANY, LIMITED (CBN): PRODUCTS/SOLUTIONS/SERVICES OFFERED 86
TABLE 71 CSERVE TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 87
TABLE 72 GEMALTO NV (A THALES COMPANY): PRODUCTS/SOLUTIONS/SERVICES OFFERED 89
TABLE 73 4G IDENTITY SOLUTIONS PVT. LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 91
TABLE 74 VFS GLOBAL GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 92
TABLE 75 SECURIPORT LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 93
TABLE 76 SWISS AUTHENTIS S.A: PRODUCTS/SOLUTIONS/SERVICES OFFERED 94
TABLE 77 VERIDOS GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 95
LIST OF FIGURES
FIGURE 1 MARKET SYNOPSIS 13
FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL E-VISA MARKET IN 2022 (% SHARE) 14
FIGURE 3 GLOBAL E-VISA MARKET ANALYSIS, BY COMPONENT, MARKET SHARE, 2022 (% SHARE) 15
FIGURE 4 GLOBAL E-VISA MARKET ANALYSIS, BY PLATFORM, MARKET SHARE, 2022 (% SHARE) 16
FIGURE 5 GLOBAL E-VISA MARKET ANALYSIS, BY APPLICATION, MARKET SHARE, 2022 (% SHARE) 17
FIGURE 6 GLOBAL E-VISA MARKET ANALYSIS, BY REGION, MARKET SHARE, 2022 (% SHARE) 18
FIGURE 7 GLOBAL E-VISA MARKET: STRUCTURE 19
FIGURE 8 RESEARCH PROCESS 20
FIGURE 9 TOP-DOWN & BOTTOM-UP APPROACHES 23
FIGURE 10 DROC ANALYSIS OF GLOBAL E-VISA MARKET 26
FIGURE 11 DRIVERS IMPACT ANALYSIS 28
FIGURE 12 RESTRAINT IMPACT ANALYSIS 29
FIGURE 13 VALUE CHAIN: GLOBAL E-VISAMARKET 32
FIGURE 14 PORTER'S FIVE FORCES MODEL: GLOBAL E-VISAMARKET 34
FIGURE 15 GLOBAL E-VISA MARKET, BY COMPONENT, 2022 (% SHARE) 36
FIGURE 16 GLOBAL E-VISA MARKET, BY COMPONENT, 2022 VS 2030 (USD BILLION) 37
FIGURE 17 GLOBAL E-VISA MARKET, BY PLATFORM, 2022 (% SHARE) 39
FIGURE 18 GLOBAL E-VISA MARKET, BY PLATFORM, 2022 VS 2030 (USD BILLION) 39
FIGURE 19 GLOBAL E-VISA MARKET, BY APPLICATION, 2022 (% SHARE) 42
FIGURE 20 GLOBAL E-VISA MARKET, BY APPLICATION, 2022 VS 2030 (USD BILLION) 43
FIGURE 21 GLOBAL E-VISA MARKET, BY REGION, 2022 (% SHARE) 44
FIGURE 22 GLOBAL E-VISA MARKET, BY REGION, 2022 VS 2030 (USD BILLION) 45
FIGURE 23 COMPETITIVE BENCHMARKING ANALYSIS IN 2022 75
FIGURE 24 VENDOR SHARE ANALYSIS IN 2022 (% SHARE) 76
FIGURE 25 MUHLBAUER GROUP: FINANCIAL OVERVIEW SNAPSHOT 77
FIGURE 26 MUHLBAUER GROUP: SWOT ANALYSIS 78
FIGURE 27 BLS INTERNATIONAL: FINANCIAL OVERVIEW SNAPSHOT 80
FIGURE 28 BLS INTERNATIONAL: SWOT ANALYSIS 81
FIGURE 29 SCICOM (MSC) BHD: FINANCIAL OVERVIEW SNAPSHOT 84
FIGURE 30 SCICOM (MSC) BHD: SWOT ANALYSIS 85
FIGURE 31 GEMALTO NV (A THALES COMPANY): FINANCIAL OVERVIEW SNAPSHOT 88
FIGURE 32 GEMALTO NV (A THALES COMPANY): SWOT ANALYSIS 89
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