E-visa Market by Application (Travel, Business), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

  • Publish Date: Feb, 2020
  • Report ID: 411509
  • Category: Technology
  • Pages: 125

The global e-visa market is expected to grow from USD 1.87 billion in 2019 to USD 3.45 billion by 2027, at a CAGR of 7.89% during the forecast period from 2020 to 2027. Increasing identity frauds, supportive regulatory structure, and the growth of travel & tourism sector, are some of the key factors, propelling the growth of e-visa market. In addition to this, the e-visa helps government officials and immigration departments to effectively issue and manage any number of visa types as required by their country. This creates a huge scope for the market in future. However, high cost associated with the initial deployment and process is anticipated to hamper the growth of market over the forecast period.  Apart from this, increasing demand for e-visa in the developing countries is offering potential growth opportunities in the global e-visa market.

The study delivers a comprehensive analysis of applications and regions. Application segment includes travel, business, and others. Travel segment held the largest market share of 45.72% and valued at USD 843.23 million in 2019. The e-visa is being provided for travelling purpose by many countries to increase their tourism within the country that also helps them in increasing their travel economy. The e-visa offers mobility within travel and tourism that has increasingly transformed the travelling experiences of peoples who are willing to travel around the world. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. North America held the largest market share of 37.09% in 2019. This is mainly attributed to highest adoption of E-visa in the countries such as U.S. and Canada.

Key players in the e-visa market are are The Travel Visa Company Ltd., Miss Vietnam Travel Co., LTD, Evisa Asia, e-Visa Immigration Services, Swift Passport Services, iVisa.com, Myanmar Online Visa, e-Visa Australia Pty. Ltd., Visa Travel International, and e-Visa India among others. Developing and developed countries are offering greater opportunities and major players are continuously focused on new developments, strategic partnerships, acquisitions and venture capital investments to obtain high growth in the market. In January 2020, The Ministry of Labor, Immigration and Population of Myanmar, announced the extended visa on arrival and e-visa access to five new countries including Austria, New Zealand, Hungary, Czech Republic, and Luxemburg.

This study forecasts revenue growth at global, regional, and country levels from 2013 to 2027. Fior Markets has segmented on the basis of below-mentioned segments:

  • Global E-visa Market Analysis And Forecast, By Application
    • Travel
    • Business
    • Others
  • Global E-visa Market Analysis And Forecast, By Regional Analysis
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • Sweden
      • Netherland
      • U.K.
      • Italy
      • Spain
      • Turkey
      • Switzerland
      • Belgium
      • Rest Of Europe
    • Asia-Pacific
      • Japan
      • China
      • India
      • South Korea
      • Australia
      • Singapore
      • Malaysia
      • Thailand
      • Indonesia
      • Philippines
      • Rest Of APAC
    • South America
      • Brazil
      • Argentina
      • Peru
      • Colombia
      • Rest Of South America
    • Middle East And Africa
      •  UAE
      •  Saudi Arabia
      •  Egypt
      •  Nigeria
      •  South Africa
      • Rest Of MEA

Chapter 1 Introduction 12
    1.1 Research Methodology 12
    1.2 FMR Desk Research 13
          1.2.1 FMR data synthesis 14
          1.2.2 Data validation and market feedback 14
          1.2.3 FMR data sources 15
Chapter 2 Industry Overview 17
    2.1 E-Visa Market Overview 17
          2.1.1 E-Visa Product Scope 17
          2.1.2 Market Status and Outlook 19
    2.2 Global E-Visa Market Size and Analysis by Regions (2013-2018) 20
          2.2.1 North America E-Visa Market Status and Outlook 22
          2.2.2 Europe E-Visa Market Status and Outlook 23
          2.2.3 Japan E-Visa Market Status and Outlook 24
          2.2.4 Asia Pacific E-Visa Market Status and Outlook 25
          2.2.5 India E-Visa Market Status and Outlook 26
          2.2.6 Southeast Asia E-Visa Market Status and Outlook 27
    2.3 E-Visa Market by End Users/Application 28
          2.3.1 Travel 30
          2.3.2 Business 31
          2.3.3 Others 32
Chapter 3 Global E-Visa Market Competition Analysis by Players 33
    3.1 Global E-Visa Market Size (Million USD) by Players (2013-2018) 33
    3.2 Competitive Status and Trend 37
          3.2.1 Trends 37
          3.2.2 Market News 37
Chapter 4 Company (Top Players) Profiles and Key Data 39
    4.1 The Travel Visa Company Ltd. (subsidiary of BCD Holdings N.V.) 39
          4.1.1 Company Profile 39
          4.1.2 Main Business/Business Overview 40
          4.1.3 Products, Services and Solutions 40
          4.1.4 The Travel Visa Company E-Visa Revenue (Million USD) (2013-2018) 40
    4.2 Miss Vietnam Travel Co., LTD (Known as eVisa.com.vn) 43
          4.2.1 Company Profile 43
          4.2.2 Main Business/Business Overview 43
          4.2.3 Products, Services and Solutions 44
          4.2.4 Miss Vietnam Travel Co., LTD E-Visa Revenue (Million USD) (2013-2018) 44
    4.3 Evisa Asia 47
          4.3.1 Company Profile 47
          4.3.2 Main Business/Business Overview 47
          4.3.3 Products, Services and Solutions 48
          4.3.4 Evisa Asia E-Visa Revenue (Million USD) (2013-2018) 48
    4.4 e-Visa Immigration Services 51
          4.4.1 Company Profile 51
          4.4.2 Main Business/Business Overview 51
          4.4.3 Products, Services and Solutions 52
    4.5 Swift Passport Services 53
          4.5.1 Company Profile 53
          4.5.2 Main Business/Business Overview 53
          4.5.3 Products, Services and Solutions 53
          4.5.4 Swift Passport Services E-Visa Revenue (Million USD) (2013-2018) 54
    4.6 iVisa.com 57
          4.6.1 Company Profile 57
          4.6.2 Main Business/Business Overview 57
          4.6.3 Products, Services and Solutions 58
          4.6.4 iVisa.com E-Visa Revenue (Million USD) (2013-2018) 58
    4.7 Myanmar Online Visa 61
          4.7.1 Company Profile 61
          4.7.2 Main Business/Business Overview 61
          4.7.3 Products, Services and Solutions 62
    4.8 e-Visa Australia Pty. Ltd. 63
          4.8.1 Company Profile 63
          4.8.2 Main Business/Business Overview 63
          4.8.3 Products, Services and Solutions 64
    4.9 Visa Travel International 65
          4.9.1 Company Profile 65
          4.9.2 Main Business/Business Overview 65
          4.9.3 Products, Services and Solutions 66
          4.9.4 Visa Travel International E-Visa Revenue (Million USD) (2013-2018) 66
    4.10 e-Visa India 69
          4.10.1 Company Profile 69
          4.10.2 Main Business/Business Overview 69
          4.10.3 Products, Services and Solutions 70
          4.10.4 e-Visa India E-Visa Revenue (Million USD) (2013-2018) 70
Chapter 5 Global E-Visa Market Size by Application (2013-2018) 73
    5.1 Global E-Visa Market Size by Application (2013-2018) 73
    5.2 Potential Application of E-Visa in Future 76
    5.3 Top Consumer / End Users of E-Visa 76
Chapter 6 North America E-Visa Development Status and Outlook 78
    6.1 North America E-Visa Market Size (2013-2018) 78
    6.2 North America E-Visa Market Size and Market Share by Players (2013-2018) 79
    6.3 North America E-Visa Market Size by Application (2013-2018) 82
Chapter 7 Europe E-Visa Development Status and Outlook 85
    7.1 Europe E-Visa Market Size (2013-2018) 85
    7.2 Europe E-Visa Market Size and Market Share by Players (2013-2018) 86
    7.3 Europe E-Visa Market Size by Application (2013-2018) 89
Chapter 8 Asia Pacific E-Visa Development Status and Outlook 92
    8.1 Asia Pacific E-Visa Market Size (2013-2018) 92
    8.2 Asia Pacific E-Visa Market Size by Application (2013-2018) 93
Chapter 9 South America E-Visa Development Status and Outlook 96
    9.1 South America E-Visa Market Size (2013-2018) 96
    9.2 South America E-Visa Market Size by Application (2013-2018) 97
Chapter 10 Middle East & Africa E-Visa Development Status and Outlook 100
    10.1 Middle East & Africa E-Visa Market Size (2013-2018) 100
    10.2 Middle East & Africa E-Visa Market Size by Application (2013-2018) 101
Chapter 12 Market Forecast by Regions and Application (2018-2027) 108
    12.1 Global E-Visa Market Size(Million USD) by Regions (2018-2027 109
          12.1.1 North America E-Visa Revenue and Growth Rate (2018-2027) 112
          12.1.2 Europe E-Visa Revenue and Growth Rate (2018-2027) 113
          12.1.3 Asia Pacific E-Visa Revenue and Growth Rate (2018-2027) 114
          12.1.4 South America E-Visa Revenue and Growth Rate (2018-2027) 115
          12.1.5 Middle East & Africa Asia E-Visa Revenue and Growth Rate (2018-2027) 116
    12.2 Global E-Visa Market Size by Application (2018-2027) 118
Chapter 13 E-Visa Market Dynamics 121
    13.1 E-Visa Market Opportunities 121
          13.1.1 Fast processing time at immigration desks 121
    13.2 E-Visa Challenge and Risk 121
          13.2.1 Competition from Opponents 121
          13.2.2 Downside Risks of Economy 121
    13.3 E-Visa Market Constraints and Threat 122
          13.3.1 Threat from Substitute 122
          13.3.2 Government Policy 122
          13.3.3 Technology Risks 123
    13.4 E-Visa Market Driving Force 123
          13.4.1 Growing Demand from Emerging Markets 123
    14.1 Consumer Needs Trend/Customer Preference 124
    14.2 External Environmental Change 124
          14.2.1 Economic Fluctuations 124
          14.2.2 Other Risk Factors 124
Chapter 15 Research Findings /Conclusion 125


Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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