E-Visa Market is anticipated to reach USD 4.27 Billion at a CAGR of 11.93% CAGR by 2030 – Report by Market Research Future (MRFR)
Research Reports
Apr 13, 2023
Market Research Future Insights
According to MRFR analysis, the E-Visa Market is expected to register a CAGR of 11.93% from 2020 to 2030 and hold a value of over USD 4.27 billion by 2030.
The E-Visa Market refers to the online platform or system that enables individuals to apply for and obtain electronic visas or e-visas for travel purposes. An e-visa is an electronic version of a traditional visa that is issued to travelers through an online application process. The e-visa market has been rapidly growing in recent years due to the increasing demand for digital solutions and the convenience and efficiency of the online visa application process.
The COVID-19 pandemic had a significant impact on the E-Visa Market. With the global travel restrictions and border closures imposed by many countries, there has been a sharp decline in international travel, resulting in a reduced demand for e-visa services.
Many countries have also suspended or limited their e-visa programs as part of their efforts to control the spread of the virus. For instance, some countries have temporarily stopped issuing e-visas or reduced the types of visas available to certain categories of travelers.
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Key Players
Some of the key market players are:
- 4G Identity Solutions
- IRIS CORPORATION BERHAD
- Semlex Group
- BLS International
- intergrafconference
- Swiss Authentis S.A
- DEMIA
- Envato Pty Ltd
- Bundesdruckerei GmbH
- Muhlbauer Group
- VFS Global Group
E-Visa Market Report Scope:
|
Parameter |
Details |
|
Revenue Forecast in 2030: |
USD 4.27 Billion |
|
Growth Rate: |
CAGR of 11.93% from 2020 to 2030 |
|
Forecast Period: |
2020 -2030 |
|
Report Coverage |
Asia-Pacific, Europe, North America are the regions scoring well in terms of market’s growth. |
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Market Segmentation
The E-Visa Market has been segmented into platform and application.
Based on the platform, the market has been segmented into tablets, smart phones and laptops.
Based on the application, the market has been segmented into foreign affairs, government and educational visa.
Regional Analysis
The largest region of the E-Visa Market varies depending on the specific period and the destination countries included in the analysis. However, according to a report by Allied Market Research published in 2021, Asia-Pacific is expected to be the largest region of the e-visa market in terms of revenue during the forecast period of 2021-2028.
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This growth is attributed to the increasing popularity of tourism in the region, particularly in countries such as India, China, and Japan, which are implementing e-visa programs to facilitate entry for tourists. Moreover, the region’s growing economy and rising disposable income are expected to drive the demand for international travel and e-visa services.
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