E-Visa Market Size was valued at USD 933.4 million in 2023. The E-Visa Market industry is projected to grow from USD 1,030.5 Million in 2024 to USD 2,395.2 million by 2032, exhibiting a compound annual growth rate (CAGR) of 11.1% during the forecast period (2024- 2032). The e-Visa market is continuously booming as more and more travelers are opting to apply for visas online. This growth is further being fueled by the mounting demand for better supportive regulations, advanced airport facilities and advanced verification methods, as an after effect of a rise in identity fraud which will eventually lead to an increase in air traffic.
There are a few technological advancements happening in the e-Visa world right now. One big thing is that this system uses fancy biometric tech like facial recognition and fingerprint scanning to make everything super secure and stop any dodgy stuff from happening. Also, operators are embedding up e-Visa systems with other travel services, such as booking flights & hotels, this gives travelers a smooth, hassle-free experience throughout the process.
As per Analyst at MRFR, “The global market for e-visa is driven by the increasing international travel and tourism, flexibility and scalability to meet changing needs, government initiatives focusing on implementation of e-visa systems to enhance user experience”.
FIGURE 1: E-VISA MARKET SIZE 2019-2032 (USD MILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
International travel has become cheaper and therefore more easily accessible. As a result, the demand for visas is rising. These e-visas meet this demand by providing an easy process of obtaining your necessary papers in a prompt and efficient manner. This may be compared to traditional visa application processes that are time-consuming as well as hindrances to would-be travelers. So that people apply easily, e-Visas simplify the process by minimizing paperwork, processing time, visiting embassies or consulates during applications. All these make it easier to travel thus making people want more visas.
The rise in travelers implies that there is an increasing market for e-visa services. Governments and service providers can take advantage of this growth by expanding their e-visa offerings, investing in information technology infrastructure and enhancing user experiences to meet diverse traveler needs. Additional revenue can be obtained through governments collecting visa fees from more individuals who choose e-visas for purposes of travelling abroad. The income generated from electronic visa applications contributes to national economies, finance infrastructural developments and support tourism-based projects.
Advanced border security measures can use digital visas that have biometric authentication and data encryption. This further strengthens the visa system aimed at provoking trust between the government and potential travelers, hence increasing international travel. Countries can also use e-visa systems as part of their broader tourism promotion strategy. As a result, there will be more tourists in such reciprocating countries thus giving away more incomes and spending on accommodation, meals, transport and attraction sites. Governments can gain extra income from visa fees if there are more travelers choosing e-visa option for traveling. Thus, governments should consider using this revenue to finance infrastructure improvements, projects connected with tourism development, or other national needs.
Based on component, the 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 to manage passport applications and issue passports. They automate the process of verifying passport eligibility, collecting application fees, and processing passport applications.
FIGURE 2: E-VISA MARKET, BY COMPONENT, 2023 VS 2032 (USD MILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Based on Application, the 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.
In general, the demand for travelling visas and passports has been impacted by the COVID-19 pandemic. Many countries have implemented travel restrictions and border closures to control the spread of the virus, which has greatly reduced the demand for these documents. The World Tourism Organization reported that in 2020, international tourist arrivals decreased by 74% compared to the previous year, representing a loss of approximately one billion arrivals. This decrease in tourism has had a significant impact on the demand for travelling visas and passports.
Based on Platform, the 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 been the most utilized devices in the past when using online services and the same applies to the e-visa market. The majority of e-visas are still applied using a desktop computer although they are also applied using notebook computers, tablet computers or smart phones because the former has a larger screen and more comfortable keyboard. Also, numerous users believe that they are safe using their desktops to carry out sensitive activities such as submission of visa applications. But the use of desktop devices in the application of e-visa is expected to reduce in the coming years. This is because Smartphone and Tablets are now on the rise, and they are much more portable than the PCs. Also, the increased number of countries that provide mobile-friendly e-visa applications help the users to apply for a visa while using a smartphone or a tablet.
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. China is among the largest visa and passport markets in the region, with millions of persons applying for the different types of visas such as tourist, work, and student visas yearly. The Chinese passport is also strengthening and is now within the list of the world’s 70 most powerful passports.
More advanced countries in the region are for instance Japan, South Korea and Australia that have highly developed E-Visa markets. Japan currently possesses one of the strongest passports in the world, with visa-free or visa on arrival to more than 190 countries. South Korea has made visa application easy, and it has many categories of visa such as business visa, work visa, and student visa among others. Australia has a fairly developed E-Visa system, and it has several types of visas for tourists, employment, and students. There are also several new opportunities for visas and passports in the region including the Indian and Indonesian markets. Both countries are populated and are investing in infrastructure to fasten the E-Visa application processes.
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 it is commonly known. Citizens of the member states can move within the member states without a visa and the EU passport is recognized in most countries of the world. As for the citizens of the countries which are not the members of the EU it is necessary to obtain a Schengen visa in order to visit the EU for such purposes as business or tourism, and the procedure may differ.
FIGURE 3: E-VISA MARKET SIZE BY REGION 2023 VS 2032
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Further, the major countries studied in the market report are the U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, China, Japan, and India.
The E-Visa Market is characterized by the presence of many global, regional, and local vendors. The regional market is highly competitive, with all the players continually competing to gain a larger market share. The vendors compete based on reliability, cost, product quality, and aftermarket services. Therefore, vendors must provide cost-effective and efficient products to survive and succeed in a competitive market environment.
The growth of the vendors is dependent on market conditions, government support, and industrial development. Thus, the vendors should focus on expanding their presence and improving their services. According to MRFR analysis, the growth of the E-Visa Market is dependent on market conditions.
The growth of the vendors is dependent on market conditions, and industrial development. Thus, the vendors should focus on expanding their presence and improving their services. According to MRFR analysis, major players in the E-Visa Market have contributed to the market growth. These include 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, Securiport LLC, Swiss Authentis S.A are among the top players in E-Visa Market. These players focus on expanding and enhancing their product portfolio and services to remain competitive and increase their customers.
E-Visa Industry Developments
E-Visa Component Outlook
E-Visa Application Outlook
E-Visa Platform Outlook
E-Visa Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 933.4 million |
| Market Size 2024 | USD 1,030.5 million |
| Market Size 2032 | USD 2,395.2 million |
| Compound Annual Growth Rate (CAGR) | 11.1 % (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2022 |
| Market Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Component, Application, Platform and Region |
| Geographies Covered | Europe, North America, Asia-Pacific, Middle East & Africa, and South America |
| Countries Covered | US, Canada, Mexico, Germany, U.K., Italy, France, Japan, China, India, South Korea, Saudi Arabia, UAE, South Africa Brazil, Argentina, and Others. |
| Key Companies Profiled | · 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 · Securiport LLC · Swiss Authentis S.A · Others |
| Key Market Opportunities | · Increasing International Travel and Tourism · Flexibility and Scalability to Meet Changing Needs |
| Key Market Dynamics | · Demand From Emerging Economies · Offering Value-Added Services to Clients |
E Visa Market Highlights:
Frequently Asked Questions (FAQ) :
The E-Visa Market size is expected to be valued at USD 933.4 Million in 2023.
The global market is projected to grow at a CAGR of 11.1% during the forecast period, 2024-2032.
Asia-Pacific had the largest share of the global market.
The key players in the market are 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.
The software type dominated the market in 2023.
Research Analyst Level II With a technical background in information technology & semiconductors, shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the ict/semiconductor domain. shubham holds a bachelor’s in information and technology and a master of business administration (mba). shubham has executed over 150 research projects for our clients under the brand name market research future in the last 2 years. his core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. he is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. he has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. he has worked on the projects of top tech brands such as ibm, google, microsoft, aws, meta, oracle, cisco systems, samsung, accenture, vmware, schneider electric, dell, hp, ericsson, and so many others. he has worked on metaverse, web 3.0, zero-trust security, cyber-security, blockchain, quantum computing, robotics, 5g technology, high-performance computing, data centers, ai, automation, it equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.
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