E-Visa Market is predicted to reach USD 2403.3 million at a CAGR of 11.1% during the forecast period 2024-2032

Market Research Future (MRFR) has published a cooked research report on the “global E-Visa market” that contains the information from 2019 to 2032. The E-Visa market is estimated to register a CAGR of 11.1 % during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global E-Visa market— Mühlbauer 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, Gemalto N V, 4G Identity Solutions Pvt. Ltd, VFS Global and Others among others.

Access full report @ https://www.marketresearchfuture.com/reports/e-visa-market-8771

Market Highlights

The global E-Visa market is accounted for to register a CAGR of 11.1 % during the forecast period and is estimated to reach USD 2,395.2 million by 2032.

The increase in the demand for e-visas from the developing countries is therefore an opportunity for e-visa service providers. Here are some reasons why: Here are some reasons why:

• Large and growing markets: Many of today’s largest and fastest-growing travel segments are in developing countries. The markets can thus be used by e-visa service providers to tap a large and growing market base.


• High demand for travel: It is possible to travel abroad and not spend too much as the middle class expands in emerging economies. This is true because these travelers can easily and at a cheap price obtain their visas through e-visas; hence the increasing demand for e-visa services.


• Lack of traditional visa services: In several emerging economies it is possible to have few or no traditional visa services at all. Therefore, e-visas create another way through which people can be issued with visas and thus serves to create more demand for e-visa services.


• Digital literacy: Young people in particular in the developing world are conversant with technology and do not find it awkward to use gadgets or services. As such, such markets would embrace the e-visas and develop needs for their application within their continent.


• Partnership opportunities: In a way, bundled travel packages can be provided through partnership with local hotels, airlines and travel agencies by the e-Visa service providers. When e-Visa service providers partner with local companies in such economies, the coverage area will be broadened, and more benefits will be offered to the customers.

In conclusion, the increasing trend of e-visas in emerging economies implies that e-visa service providers are likely to find a new market to tap into.

Segment Analysis

The global E-Visa market has been segmented based on Component, Application, Platform.

Based on component, the global E-Visa Market has been segmented into Services and Software. E-Visa software solutions are varied and are designed to meet the needs of different users, from government agencies to travel companies to individuals. These software solutions help streamline the E-Visa application process, increase efficiency and accuracy, and enhance security. Also, the software systems used by government agencies and passport service providers to manage passport applications and issue passports.

Based on Application, the global E-Visa Market has been segmented into travelling, students/educational visa, government/foreign affairs, and others. In 2023, travelling accounted for the largest market share. The demand for travelling visas and passports is an important indicator of international travel trends and can be influenced by various factors, including global pandemics, political and economic situations, and international relations.

Based on Platform, the global E-Visa Market has been segmented into Desktop, Smartphone, and Tablets. Desktop accounted for the largest share in E-Visa Market in 2023. Desktop devices have traditionally been the dominant platform for accessing online services, and this trend is also evident in the e-visa market.

Regional Analysis

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South America. North America consists of the U.S, Canada, and Mexico. The E-Visa market in North America is growing due to high flow of traffic both within and from the region. North America is made up of many countries among them being U.S, Canada and Mexico all of which have different E-Visa requirements.

The global market for visas and passports is dominated by the United States; millions of people apply for different types of visas, such as tourist, working and student visas. The U. S. passport is also one of the most secure passports in the world allowing entry to 186 countries without a visa or with a visa on arrival.

The Asia Pacific region is a big consumer of E-Visa due to high traffic of people traveling to and from the region and hence is a big market. The Asia Pacific region is made up of many countries and each of these countries has its own E-Visa requirements.

Europe region consists of UK, Germany, France, Rest of Europe for the study. The market for E-Visas in Europe is large, as the continent is a popular area for travel and immigration. Europe is made up of so many countries, and each country has its own stringent E-Visa requirements. The market most affected by visas and passports in Europe is the European Union or the EU as is commonly known.

Key Findings of the Study

• The global E-Visa market is expected to reach USD 2,395.2 million by 2032, at a CAGR of 11.1% during the forecast period.


• The Europe region accounted for the fastest-growing global market.


• Based on Component, the software type segment was attributed to holding the largest market in 2023.


• Mühlbauer 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, Gemalto N V, 4G Identity Solutions Pvt. Ltd, VFS Global and Others among others are some of the players in the market.