Global E-Visa Market Insights Forecasts to 2033

• The Global E-Visa Market Size was Valued at USD 935.5 Million in 2023
• The Market Size is Growing at a CAGR of 10.9% from 2023 to 2033
• The Worldwide E-Visa Market Size is Expected to Reach USD 2633.5 Million by 2033
• North America is Expected to Grow the fastest during the forecast period

The Global E-Visa Market Size is Anticipated to Exceed USD 2633.5 Million by 2033, Growing at a CAGR of 10.9% from 2023 to 2033.

Market Overview

The E-Visa market refers to the global electronic visa ecosystem, in which governments use digital platforms to issue and process travel visas. Unlike traditional visa systems, which require physical documentation and in-person visits to consulates or embassies, the e-visa market uses information technology to streamline and speed up the visa application process. In today's digital landscape, applicants can submit visa applications online, often through dedicated web portals, and receive electronic approvals without the need for physical documents or stamps. Governments around the world are increasingly implementing e-visa systems to improve border security, administrative efficiency, and smoother international travel. The market includes a range of technological solutions, including biometric authentication, secure online platforms, and advanced data encryption, to ensure the integrity of visa issuance process. The e-visa market reflects a shift toward digital transformation in immigration and travel, providing governments and applicants with a more efficient, secure, and convenient way to manage the complexities of international visa procedures.

Report Coverage

This research report categorizes the market for the global E-Visa market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global E-Visa market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global E-Visa market.

Driving Factors

One of the primary reasons for the growing demand for e-visas is the emphasis on improving border security while facilitating hassle-free travel. Governments around the world are increasingly implementing electronic visa systems to strengthen immigration procedures, improve security, and streamline visa processing. Furthermore, the COVID-19 pandemic has accelerated the use of E-Visas as countries seek to reduce physical contact and virus transmission at border checkpoints. Furthermore, the rise of digital nomadism and remote work has increased demand for flexible travel options, prompting governments to implement e-visa programs specifically designed to meet the needs of digital nomads and remote workers. These programs provide extended visa durations, simplified application procedures, and remote work-friendly policies, attracting a new segment of travelers looking to combine work and leisure in a variety of locations. As the travel industry recovers from the pandemic, the demand for seamless and contactless travel experiences is expected to drive additional innovation and investment in E-Visa solutions.

Restraining Factors

The global E-Visa market revolves around cybersecurity threats and increased data privacy concerns. As more countries use digital platforms to process visas, cybercriminals see sensitive personal information collected during the application process as a lucrative target. The potential compromise of such data endangers not only individuals, but also the overall integrity and trustworthiness of e-visa systems. These factors may restrain market growth over the forecast period.

Market Segmentation

The global E-Visa market share is classified into component, application and platform.

• The software segment is expected to hold the largest revenue share of the global E-Visa market over the forecast period.   

Based on the component, the global E-Visa market is categorized into software and services. Among these, the software segment is dominating the market with the largest revenue share of the global E-Visa market over the forecast period. The technological backbone of e-visa systems is software, which provides the platforms and applications required for the submission, processing, and approval of visa applications. The core functionality, including online portals, biometric authentication, and secure data processing, relies on robust software solutions.

• The travelling segment is witnessing significant CAGR growth of the global E-Visa market over the forecast period.   

Based on the application, the global E-Visa market is categorized into travelling, students/educational visa, government/foreign, and others. Among these, the travelling segment is witnessing significant CAGR growth of the global E-Visa market over the forecast period. The demand for travel visas and passports is an important indicator of international travel trends, which can be influenced by a variety of factors such as global pandemics, political and economic conditions, and international relations. Many countries have implemented travel restrictions and border closures to combat the virus's spread, significantly reducing demand for these documents.

• The desktop segment is expected to hold a substantial revenue growth in the global E-Visa market over the forecast period.   

Based on the platform, the global E-Visa market is categorized into desktop, smartphone, and tablets. Among these, the desktop segment is dominating the market with the largest revenue share of the global E-Visa market over the forecast period. Most e-visa applications are now submitted through desktop computers, which offer a larger screen and a more comfortable typing experience. Desktop computers have traditionally been the dominant platform for accessing online services, and this trend is also visible in the e-visa market. Additionally, many users feel more secure using their desktops for sensitive transactions such as visa applications.

Regional Segment Analysis of the Global E-Visa Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the global E-Visa market over the predicted timeframe.

Asia Pacific is projected to hold the largest share of the global E-Visa market over the forecast period due to the high volume of travel and immigration to and from the area. The Asia Pacific region includes many countries, each with its own set of E-Visa requirements. China is one of the region's largest visa and passport markets, with millions of people applying annually for a variety of visas, including tourist, work, and student visas. The Chinese passport is also gaining strength, and it is now ranked as one of the top 70 most powerful passports worldwide.

The North America market is expected to grow at the fastest CAGR growth during the forecast period, owing to rapid technological advancements and the presence of top key market players within the region as well as the high number of visits for both leisure and business purposes, as well as the region's extensive use of digitization. Furthermore, rising trends in IoT devices and increased tourism within the region are expected to contribute to market growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global E-Visa market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Mühlbauer Group
• 4G Identity Solutions.
• VFS Global Group.
• SCICOM (MSC) BERHAD.
• Thales Group
• Securiport.
• BLS International
• Shanghai Mite Speciality & Precision Printing Co., Ltd.
• Swiss Authentis S.A.
• Envato Pty Ltd.
• Beijing Jinchen Cvic Security Printing
• Bundesdruckerei GmbH
• Casa da Moeda do Brasil
• GOZNAK
• DEMIA (Morpho)
• Intergrafconference
• Semlex Group.
• IRIS CORPORATION BERHAD
• Veridos GmbH
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In October 2023, iVisa has partnered with travel partners to offer worldwide tourism visas to any travel agent. The goal of this collaboration is to give travel agents the ability to set up built-in options, allowing them to fully customize the system to their specific requirements.

• In August 2023, as part of the e-visa program, the Kingdom of Saudi Arabia's Ministry of Tourism expanded the list of countries that can apply for a Visitor e-Visa electronically (e-visa) or a visa on arrival.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global E-Visa market based on the below-mentioned segments: 

Global E-Visa Market, By Component

• Software
• Services

Global E-Visa Market, By Application

• Travelling
• Students/Educational Visa
• Government/Foreign
• Others

Global E-Visa Market, By Platform

• Desktop
• Smartphone
• Tablets

Global E-Visa Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa