Global E Visa Market, By Component (Software, Services), Platform (Desktops, Smartphones, Tablets), Application (Travelling, Government/Foreign Affairs, Students/Educational Visas, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global E Visa Market
The E visa market is expected to witness market growth at a rate of 11.3% in the forecast period of 2021 to 2028. Data Bridge Market Research report on E visa market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the digitization globally is escalating the growth of E visa market.
An electronic visa (e-visa) refers to an entry requirement formality that is performed online, linked to the passport number used for the request and stored in a computer. It assists in the visa-issuance process because it does not require sticker, stamp or label to be placed in the passport before traveling to any destination. A web-based portal is used to process the application over the Internet.
The advent of e-visa application and services across the globe acts as one of the major factors driving the growth of E visa market. The increase in the adoption of the solution as it assists in reducing hassles throughout the processing and verification of documents at airports and processing time at immigration desks to get clearance and rise in the number of international passengers accelerate the market growth. The increase in demand for the E visa services as they permit security personnel to focus their attention on the surveillance of high-risk and suspicious travelers and growing need for advanced verification because of the growing number of identity fraudulent activities further influence the market. Additionally, improving e-visa infrastructure, urbanization and digitization and rise in the tourism sector positively affect the E visa market. Furthermore, changing needs of consumers and advancements in the service extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, high costs associated with initial deployment and replacement is expected to obstruct the market growth. The negative impact of COVID-19 on the tourism sector is projected to challenge the E visa market in the forecast period of 2021-2028.
This E visa market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on E visa market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
E Visa Market Scope and Market Size
The E visa market is segmented on the basis of component, platform and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of component, the E visa market is segmented into software and services.
- On the basis of platform, the E visa market is segmented into desktops, smartphones and tablets.
- On the basis of application, the E visa market is segmented into travelling, government/foreign affairs, students/educational visas and others.
Global E Visa Market Country Level Analysis
The E visa market is analyzed and market size, volume information is provided by country, component, platform and application as referenced above.
The countries covered in the global E visa market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the E visa market due to the high visits for both leisure as well as business purposes and high usage of digitization within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the government support and growth of tourism sector in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and E Visa Market Share Analysis
The E visa market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to E visa market.
The major players covered in the E visa market report are 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 and Veridos GmbH among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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